Ann: Siren Extends Mineralised Shoots at Alexander River, page-15

  1. 2,985 Posts.
    lightbulb Created with Sketch. 1242
    If they wanted it to go under the radar why put in this comment "The Company has generated a combined exploration target for Alexander River of 250koz-500koz of gold at 5 to 6 g/t*"

    And then they qualify the statement with the following.

    "* The potential quantity and grade of this target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource."

    I am surprised that the ASX allowed this through, they normally don't allow such speculative statements, it is most strange and hard to work at the purpose of such a statement, given the qualification. Can anyone explain this?

    Otherwise its a great announcement and it certainly looks like the resource will continue to grow with further drilling. Looks like it has the makings of a world class resource. gla.
 
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