Gold exploration company Siren Gold (ASX:SNG) has been granted 22 new drill pads and a camp by the Department of Conservation (DoC) regarding its ‘high-grade’ Auld Creek Project in New Zealand.
Drilling is planned to start within the next few weeks targeting the ‘high-grade’ gold-antimony (Au-Sb) mineralisation intersected in surface trenches and diamond drillholes within the Fraternal shoot. The DoC access agreement has been granted for 5 years and can change to add additional drill pads.
The initial drill pads will allow Siren Gold to target the Fraternal mineralised zones down to around 300m below the surface.
The current drilling extends to around 100m on the Fraternal zone only and will test this interpretation alongside the shoot height, which is estimated between 100-125m.
Siren Gold Managing Director Brian Rodan says: “Siren Gold is excited to commence its maiden drilling campaign at Auld Creek. High-grade gold and stibnite mineralisation is evident at Auld Creek and extends for 12km down to Siren’s Big River Project. With the recent acquisition of the Cumberland tenement, Siren has consolidated its tenement holding to follow this mineralised structure.”
“With the recent acquisition of the Cumberland tenement, Siren has consolidated its tenement holding to follow this mineralised structure”
Previously reported Fraternal surface trenches returned results including, 8.4m @ 19.7g/t Au, 5.3% Sb for 32.0g/t Au-Eq, as well as 2.0m @ 14.2g/t Au, 13% Sb for 44.9g/t Au-Eq.
Additionally, previously reported Fraternal diamond drillhole intercepts include the following results, 12.0m @ 4.1g/t Au, 2.9% Sb for 11.0g/t Au-Eq; 4.5m @ 3.0g/t Au, 3.2% Sb for 10.6g/t Au-Eq; and 3.0m @ 4.1g/t Au, 4.1% Sb for 13.8g/t Au-Eq.
Auld Creek is contained within Siren’s Golden Point exploration permit and is situated between the ‘highly productive’ Gold Progress mine. The Auld Creek mineralisation extends for over 2km and appears to represent a block that was potentially offset to the west, along NE-SE trending faults between Gold Progress and Crushington.
Siren Gold is a gold exploration company that is primarily focused on the ‘high-grade’ Reefton Goldfield in New Zealand. The company recently acquired the Cumberland exploration permit that was part of the Globe Progress mining permit.
