Some very exciting statements in today's announcement by Siren Gold.
1. JORC Resource Target Estimate increase from 250k-500k Oz at 5-6grams per tonne to a new higher 500,000Oz-700,000Oz at a higher grade 5-7grams per tonne.
This equates to value of this high grade from surface gold to between $A1.175Billion to $A1.645Billion at a higher grade 5-7grams per tonne.
2. Visible Gold in all 3 drill holes at the McVicar West shoot (assays are awaited)
3. High Grade 5g/t+ to Bonanza Grade 25g/t+ gold found in numerous diamond drilling core assays
4. New high grade gold shoot discovered on the eastern side of the Mullocky Creek hitting 2metres at 16g/t gold (see below)
As the JORC Maiden Resource of between $A1.175Billion and $1.645Billion is released and other milestone events by Siren Gold, we will see a significant rerate of Siren by the markets from its current significantly undervalued $18million market cap (26c share price.)
We are looking at Australia's (and NZ's) next mid cap gold miner.
