SNG 6.33% 8.4¢ siren gold limited

Ann: Exploration Update, page-2

  1. 1,476 Posts.
    lightbulb Created with Sketch. 826
    With the drill rigs working 24hours per day 7 days per week between now and end of April 2022 when the Maiden JORC is expected to be released, we should expect to see more high grade visible gold judging by the photos of all the massive stibnite at Alexander River and Big River left behind by the old timers as they mined in 34g/t bonanza grade gold for decades.

    Alexander River JORC - Upside Potential of between 1Million Oz to 1.2Million Oz (worth today bw $A2.65Billion and $A3.18Billion) with an AISC of only around $A900-$A1,000/Oz at those grades.

    SNG-Exploration-Update1.png


    You can clearly see the litholigy similarities between Siren Gold's Alexander RIver cores of high grade quartz gold and stibnite/antimony (grey veins) and New Found Gold's Queensway in Canada.

    SNG-Exploration-Update5.png

    Below you can clearly see the tailing from the old timers where massive stibnite and 82g/t gold rock chips near an old quartz crushing battery.

    SNG-Exploration-Update6.png

    Once the Maiden JORC is released next month, we'll see a rerating of Siren Gold, especially if they break above the 1Million Ounces at 6-9g/t of high grade gold with ongoing JORC Upgrades in the coming months.

    Let alone if they release a Maiden JORC of over 1Million Oz.


    SNG-Exploration-Update3.png

    Then as more high-grade visible gold cores in stibnite are released in future announcements, this will validate an extremely strong cashflow underground, low capex gold mine is coming to the Reefton Goldfields very soon.

    SNG-Exploration-Update2.png


 
watchlist Created with Sketch. Add SNG (ASX) to my watchlist
(20min delay)
Last
8.4¢
Change
0.005(6.33%)
Mkt cap ! $17.21M
Open High Low Value Volume
7.9¢ 8.5¢ 7.8¢ $36.53K 453.0K

Buyers (Bids)

No. Vol. Price($)
1 225000 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 99640 1
View Market Depth
Last trade - 15.59pm 24/05/2024 (20 minute delay) ?
Last
8.5¢
  Change
0.005 ( 8.97 %)
Open High Low Volume
7.8¢ 8.5¢ 7.8¢ 39778
Last updated 15.07pm 24/05/2024 ?
SNG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.