Today's announcement highlights the fact that Siren Gold's Reefton Goldfields are just that. Goldfields. Not one single high-grade gold deposit but many gold deposits in their own tenements.
The 3km gold zone at Lyell includes a 50metre long outcrop at surface between two separate old mines.This quote is also significant "The disseminated acicular arsenopyrite that looks similar to the mineralisation at found at Alexander River."
The Lyell tenement sits 40km north of Reefton, yet the company decided to peg that land.
The Lyell Goldfields collectively produced historically 2million ounces of gold.
With Lyell specifically producing 91,350 Ounces of gold at a bonanza grade of 18.5grams per tonne up until 1912.
Siren Gold has stated a number of times in their presentations the similarities of their Reefton Goldfields (Alexander RIver, Big River, Lyell and the others) to the most profitable gold mine in the world at Fosterville, owned by Kirkland Lake.
This image below is very very interesting and exciting! Why?
Vlugs at Lyell and Alexander River and Big RIver.
At the 4min 40second point of this video below. Dr Quinton Hinnigh discusses the importance of vlugs (cavities in the quartz), as these are what help to accumulate bonanza grade gold to create the 500g/t 750g/t 1,000+g/t in the stibnite(antimony) in the Fosterville Swan Zone Jewellery Boxes.
You can see the vlugs at Queensway in the stibnite/antimony in Canada. That's how they are hitting 1,065g/t gold.
This is how at Alexander River, Siren Gold hit 1,460g/t gold. The same Stibnite/Antimony quartz rocks with vlugs.....I'm looking forward to seeing drilling results from this additional Heavy Duty drill rig that has been at Alexander River since 29th of March 2022....
Siren Gold now has a drill rig for the first time, powerful enough, to drill into the same high grade gold quartz thatreturned 1,460g/t gold....and more importantly down 1,200metres deep into Alexander River where these bonanza grade jewelry boxes are.
Now Rodan and Angus can drill into depths below 500metres.....
The more high-grade gold they find, as they did 3 weeks ago with their deepest hole (AXDDH084) to date a 2.5metre intercept at a bonanza+ grade 358.2g/t Gold, the faster the Maiden JORC Ounces will grow and at a higher gold grade.
(Also of note Siren's (AXDDH084) was the No.1 Higest Grade Gold intercept by an ASX gold explorer 2.5m at 358.2g/t gold.) 896grams/metre.
The way these Stibnite/Antimony High Grade Gold deposits form, we should see more of these bonanza+ gold grades...
Remember what Billionaire Gold investor Eric Sprott says from the 2min 34 second mark..."sometimes I believe accountants more opportunity in mining than geologists 8grams (per tonne) gold produces 5x the profit of 4 grams (per tonne gold)"
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