While Siren Gold's drilling team continues to drill at Big River and Alexander River and the assay labs continue to complete their analysis of the drilling results, it is great to see the gold price rising back towards the $US1,900/Oz ($A2,550/Oz) level and range trade between $US1830-$US1880/Oz ($A2,500/Oz).
Once Siren Gold Technical Director, Paul Angus, provides some guidance and thoughts on the geology of Alexander River and Big River below (yellow dots are the planned drill targets), we'll get a very good idea of how rich and large the gold JORC resource is.
The historical production below at Big River of 136,000Oz at 34.1grams/tonne of gold (1+Oz/Tonne) is worth $A340million and you can see the old timers left a lot of high grade gold behind outside the pink shaded area.
It should be a very exciting time for Siren Gold shareholders.
Ann: Siren Strikes Significant Gold Mineralisation at Reefton, page-75
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