Siren Gold Limited Annual Report 2020

Operations Review Diamond Drilling (continued) Figure 14. Visible gold in BRDDH027 at 146.8m. Reefton South Prospecting Permit (PP) 60465 covers Early Ordovician Greenland Group rocks to the west of the Globe Progress Mine and buried Greenland Group rocks to the south of the historical Blackwater Mine. The Greenland Group rocks are interpreted to extend south of Blackwater, beneath a veneer of glacial moraine and have only been lightly explored for hard rock gold deposits. The area contains two historical mines (the Golden Point and Morning Star mines), which are situated northwest of the Globe-Progress Mine. The Reefton South area also possesses a significant history of alluvial mining of river gravels. Golden Point and Morning Star Mines Research and review of historical documents reveal that the Golden Point mine processed a small parcel 1,350 tonnes of quartz from a 1m wide reef along a 60m long adit, for an average grade of 9.4g/t Au. There are no production figures for the Morning Star mine. Mapping and soil sampling (both gold and arsenic) has extended the reef track across the Soldiers Fault to the north and the Golden Point - Morning Star mine trend now extends for over 1.5km (Figure 15). The soil grid will be infilled and extended to the north in preparation for initial drilling program once the Golden Point permit and DoC access are granted. A new Waitahu prospecting permit (Figure 17) has been applied for to the north of Golden Point to cover the possible continuation of this mineralisation under the glacial and Cenozoic cover. for the year ended 31 December 2020 Siren Gold Limited 16