Siren Gold Limited (ASX: SNG) has announced that it has intersected “high grade” gold mineralisation from drilling at its Alexander River Project in New Zealand, with three holes encountering visible gold.
Key results from the Loftus McKay shoot include:
- Hole AXDDH047: 5.0m @ 8.7g/t Au from 56m, including
- 1.6m @ 26.4 g/t Au
- Hole AXDDH050: 21m @ 2.3g/t from 4.5m, including
- 7.8m @ 4.3g/t Au
Further intersections from the McVicar West shoot include:
- Hole AXDDH049: 4.1m @ 10.6g/t Au
- Hole AXDDH054: 1.5m thick mineralised zone with 0.7m quartz reef containing visible gold (assays pending)
- Hole AXDDH055: 18m thick mineralised zone approximately 100m to the NE of AXDDH054, including a 0.7m thick quartz reef on the hanging wall, which also contained visible gold
Siren reports that all three holes from McVicar West returned visible gold, providing confirmation of NW dipping mineralisation parallel to Loftus McKay.
Long section of the Alexander reef system displaying Loftus McKay and McVicar West shootsThese results have seen Siren upgrade is exploration target at Alexander River to 500-700koz @ 5-7g/t Au, from the previous 250koz-500koz at 5-6g/t Au.
Alexander Creek
Siren’s 100%-owned Alexander Creek Project encompasses a 16.75 km² area on the west coast of New Zealand’s south island, ~60km from the town of Greymouth.
The drill-ready project includes a 1.2km-long outcropping quartz reef, with mineralisation defined by 800m x 4m surface trenching.
The current round of diamond drilling activity commenced in September 2020, with 52 holes now complete and two in progress for a total of 6,122.4m. Results have been received for 46 holes so far.
Historical production at the project includes: 41koz @ 26.4g/t Au (cut off grade 15g/t Au), with the mine closing in 1942 due to the outbreak of WWII.
Images: Siren Gold Limited
