Siren Gold Limited Annual Report 2020

Golden Point and Morning Star Mines (continued) Figure 15. Golden Point arsenic and gold soil geochemistry. A seismic line down the Waipuna Valley road 5kms to the south of the Blackwater mine, that produced 740koz at 14.2g/t gold is currently being developed by Federation Mining Limited, who plan to mine an additional 700koz at 23g/t from below the historic mine. The Blackwater mine, along with the majority of historical Reefton gold production, was from quartz reefs associated with anticlines. The seismic line was reprocessed by Velseis Processing Pty Limited, with a focus on the Greenland Group that hoists the gold mineralisation. Colour and grey scale contour migrated stacks are shown in Figure 16. Velsies have interpreted the glacial cover (yellow line), a base of Cenozoic sediments (pink line), possible anticlines (green and purple lines) and multiple reverse faults. This interpretation is encouraging if this technique can identify anticlines under thick cover. Operations Review for the year ended 31 December 2020 Annual Report 2020 17