Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Siren Gold Ltd.
Project name: Alexander River
Location: New Zealand
Commodities: Gold
Highlight: Drilling results incl. 2.1m @ 18.0g/t Au from 276.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on exploration activities at its Alexander River project. AX85 intersected the McVicar West shoot 25m below AX84 (2.5m @ 358g/t Au) and intersected 2.1m @ 18.0g/t Au (Table 1). This includes 0.4m quartz reef at 14.5g/t Au, and 0.9m of acicular arsenopyrite mineralisation that assayed 32.1g/t Au (Figure 2). Diamond drillhole AX89 was drilled 100m down plunge of AX84 and intersected a 3m strongly mineralised zone on the other side of an interpreted fault. The mineralisation was intersected around 40m west of AX84, but down plunge, indicating that displacement across the fault is strike slip. If this interpretation is correct, then the Loftus-McKay shoot should have a similar displacement across the fault. This would put the surface expression of the reef track to the west of Pad 29 and Pad 45 (Figure 1) and holes drilled from those pads (AX39, AX42, AX43, AX51, AX53 and AX56) would have been drilled into the footwall. Holes drilled from Pad 44 (AX71, 73, 76 and 78) would have been drilled into the gap between the Loftus-McKay and McVicar West shoots. To test this interpretation the Loftus-McKay shoot can be targeted from Pad 44 with a lower angle hole. AX89 intersection comprised a 2.2m strongly mineralised zone with a 0.6m quartz reef with visible gold on the
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