Ann: Another high grade intersection at Alexander River, page-29

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dab2021

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26/05/22

09:44

Post #: 61629218
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Originally posted by Goldhunter122: ↑

~620kOz JORC at 5-7g/t....Giddy up!

Siren will also enjoy some of the lowest All In Sustainable Costs in the world at Alexander River and Big River.

Most likely at Lyell, St George and their newly acquired virgin ground at Langdon's Reef would increase the JORC Resource at a Higher grade lowering the AISC even further.

If they hit a jewelry box like the Swan ZOne, then the AISC will fall below $A350/Oz like it did for Kirkland Lake for the first 5 yrs production.

We'll know more once the official Maiden High Grade Gold JORC Resource is released by Entech for Siren Gold this month.

The fact that 90% of the High Grade and Bonanza Grade Gold at both Alexander River and Big RIver is sitting within these high-grade gold shoots and loads ensures a very low Capex to build the underground gold mine. As well as very low strip ratio.

Even though the Maiden JORC to be released this month, the 500,000Oz-700,000Oz Maiden JORC Resource is only only on the back of Alexander River deposit above, the even higher grade Big River next door will be added in the next JORC Upgrade.

Drilling has been ongoing here also, into the circled gold shoot/lode, where an Exploration Target of an additional 100,000Oz to 125,000Oz is expected at 7-9g/t.

There are another 5 gold shoots/lodes highlighted in the image below which should comfortabely lift the resource and grade. Prima Donna (Orange Shoot)and A2 Shoot (in Purple)have never been drilled or mined.

Between both Alexander River and Big River, we should get close to 1.7Million Oz at 5-7g/t in the next few months.

This would allow for 5 Years of very high-profit margin gold production at 340,000Oz per year at 5-7g/t.

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Any idea when the JORC will be released...?
You seem switched on with this company....
Let's hope no silly airy fairy releases like that other DM1 company of yours....

SNG Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
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