Ann: Siren Strikes Significant Gold Mineralisation at Reefton, page-56

Fullmetal - I had another look at Siren Gold's presentation below from August and found some additional information on why they are so excited about Big River and Alexander River gold deposits.

News | Siren Gold

"The Big River permit adjoins Blackwater Mine, which operated between 1908-1951, producing 740,000Oz @14.5grams gold per tonne (worth today $A1.8Billion). The current inferred resource at Blackwater is 700,000Oz @ 23grams gold per tonne. (worth today $A1.7Billion, which is still in the ground today)"
In total 1.44million Oz of gold (worth today $A.3.58Billion) was mined and is contained as a JORC inferred resource at Blackwater Mine, next to Big River.

Siren Gold also mentions that a gold processing facility is within trucking distance of their gold fields, which means that they must be keeping their options open to commission a gold mine, otherwise why even mention it.

They state it below as the last item:

"The 1.6mtpa Globe Processing plant owned by OceanaGold Corp and currently on care and maintenance, is within trucking distance"

Siren Gold also compares their Alexander River gold deposit to Blackwater (which in total contains 1.44million Oz of gold at an average ~17-18grams per tonne gold)

"Alexander River potentially larger than Blackwater due to increased strike length (800m-1,200m)"
"Blackwater 800m long strike length"

Siren Gold believes their strike length is up to ~50% longer than Blackwater's.

We need to keep an eye out for any updates about possible early gold mining, as well as the continued gold drilling results that will be released by Siren Gold.

The current market capitalisation of only $A51million at 64.5c share price is significantly undervalued.

As each batch of gold drilling results are released, we’ll get a better picture of how much gold the old timers left behind, and how rich it is at or near surface (along strike), as well as at depth.