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Why Invest
In November 2024, Siren Gold completed the sale of its Reefton Project to Rua Gold Inc. for
$22 million
, comprising $4 million in cash and $18 million in Rua shares. This transaction strengthened Siren's balance sheet, providing over
$20 million in assets
and allowing the company to focus on its remaining projects.
Following the sale of the Reefton Project, Siren Gold is concentrating on the
Sams Creek Gold Project
, which has a Mineral Resource Estimate (MRE) of
824koz @ 2.8 g/t Au
. This project presents significant exploration potential, with ongoing evaluations aimed at expanding the resource base.
The
Sams Creek porphyry dyke
shares geological characteristics with prominent porphyry deposits, such as those in Canada and Ridgeway.
Siren Gold is benefiting from a
favourable investment climate
in New Zealand, supported by a cooperative government and regulatory framework.
Approximately 10% of the company is owned by its Board and management, who have financed the business to its current stage. The management team brings extensive underground mining experience and a strong track record of discoveries in New Zealand.
The company has applied for exploration permits in promising areas, including the
historic Endeavour Antimony Mine
. These acquisitions offer potential for
significant gold
and
antimony
mineralisation to be drilled, defined and mined.