Siren Gold Limited re-opening the Reefton Goldfield, New Zealand.
Siren Gold Limited (ASX: SNG) listed on the ASX in October 2020 raising A$10m at $0.25 per share. The listing was based on advanced exploration projects at Alexander River and Big River and grass roots projects at Reefton South and Lyell, located in the South Island of New Zealand.
Siren has a dominant 1,100km2 tenement package with numerous high-grade gold mines in the Reefton and Lyell Goldfields and the Sams Creek porphyry dyke. These mining districts have a historical gold production of over 2Moz @ 17g/t Au, with 313Koz @ 24g/t Au recovered from Sirens 100% owned tenements.
Since listing Siren has drilled 146 diamond drillholes for a total of 27,000m and has completed regional mapping, soil geochemistry, geophysical surveys and a Maiden Mineral Resource Estimate (MRE) at Alexander River, Big River, Cumberland & Sams Creek.
Siren purchased the Sams Creek project for A$250k in November 2022 and completed an updated mineral resource based on a potential underground mining operation.
Siren has a Global Indicated and Inferred MRE of 1.2Moz @ 3.1g/t Au at a 1.5g/t cut-off from the Sams Creek, Big River, Alexander River & Cumberland projects, with advanced exploration at Big River (high-grade gold), Auld Creek (high-grade gold and stibnite) and Lyell (high-grade gold) projects.