With $8million in the bank, while drilling continues, Brian Rodan and Paul Angus are going to accelerate 20,000metres of aggressive drilling into their Fosterville lookalike Alexander River and Big River High Grade Gold deposits in 2022.
1. Targeting 500,000-700,000Oz at a high grade 5-7g/t gold (worth today between $A1.25Billion and $A1.75Billion) at Alexander River
2. Targeting an additional 100,000Oz-125,000Oz at an even higher grade 7-9g/t gold (worth today between $A250Million and $A312Million) at Big River.
The legendary Fosterville Gold deposit in Bendigo, owned by ($C13Billion mkt cap) Kirkland Lake, Queensway owned by $C1Billion mkt capCanadian New Found Gold AND Alexander River and Big River owned by $35million market cap Siren Goldare all sister deposits, formed on the Lachlan Fold belt when NZ was part of Australia and Canada was also part of this fold belt.
Fostervillein little Bendigo, because of the high-grade enriched stibnite/antimony gold has been the world's most profitable gold mine for the last 5 years!
These videos below show New Found Gold's Dr Quintin Hinnigh, one of the highest regarded geo in North America, compares their Queensway deposit in Canada with the legendary Fosterville gold mine, where all three deposits including Siren Gold's Alexander River/Big River were all formed with the same mineralisation and quartz rock formation with stibnite/antimony.
Listen to what Billionaire Gold investor says about the profits generated by high grade gold from the 2minute mark
"accountants have more opportunity in mining.....because a chartered accountant knows that 8g/t tonne gold produces 5x the profit of 4g/t gold"
The world's best gold intercept in 2017 was at Alexander River and Big Rivers' sister deposit, Fosterville below.
SNG Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
