Sams Creek
The Sams Creek Gold Project, located approximately 140 km northeast of Reefton and 100 km northeast of Lyell on New Zealand's South Island, is a significant gold exploration venture managed by Siren Gold Limited The project centres on the Sams Creek porphyry dyke (SCD), a geological formation up to 60 meters thick, extending over 7 km along strike, with a vertical extent of at least 1 km, and remains open at depth.
The project is a JV between Siren 82% and Ocean Gold 18%, with Ocean Gold being the premier gold producer in New Zealand (TSX:OGL)
Mineral Resource Estimate (MRE)
The Sams Creek MRE stands at 807,772 ounces of gold at a grade of 2.82 g/t Au, representing a 37.4% increase in contained ounces and a 16% increase in grade from the previous estimate, using a 1.5 g/t Au cut-off.
Recent Exploration Activities
Drilling: In 2024, Siren Gold conducted a series of "scouting" diamond drill holes in the Anvil Zone, a prospect within the Sams Creek Project. Notable results include:
- SCDDH107: Intersected 22 meters at 1 g/t Au, with higher-grade intervals of 2 meters at 2.91 g/t from 141 meters and 1.2 meters at 8.3 g/t from 161 meters on the hanging wall and footwall, respectively.
- SCDDH106: Encountered a 35.4-meter thick dyke with extensive alteration, including a 4-meter section returning 1.32 g/t Au from 124 meters.
Ionic Leach (IL) Soil Survey: An IL soil survey identified several targets around and within two large circular structures, delineating five dyke targets with Au-As signatures and six porphyry targets exhibiting Au-Cu-REE signatures. The survey has been extended beyond the initial boundaries to fully evaluate potential mineralization.
Acquisition
Acquired by Siren Gold in November 2022 for A$250,000, the Sams Creek Project has been a key focus for the company's exploration activities. The Sams Creek resource base and geological potential position it as a cornerstone for Siren Gold's future development plans.
