Ann: Annual Report to shareholders, page-4

You can clearly see that the old timers left a lot of high grade (~15g/t) gold in the ground from this AR released last night.


I have tried to highlight the areas (with my crude drawings) described below that have been mined at Big River, in yellow. The zones where the high grade gold was left behind by the old timers and has not been mined, is marked with a red X.

Ore Shoots A2 and Prima Donna are still intact, from surface.


This high grade gold that the old timers left behind runs from surface down 500-600metres in structurally controlled quartz which make it easy and cheap to mine at Big River and Alexander River. Whether BR and Paul Angus decide on an open pit or underground mining, is still to be confirmed."The historic underground mine workings have been modelled in 3D and this coupled with historic mine reports show that four main ore shoots were mined around the main anticline (Figure 10). Shoot 1 was mined to level 4, Shoot 2 to level 6, Shoot 3 to level 12 and Shoot 4 to level 8 when the mine closed in 1942.

The A2 Shoot and" Prima Donna were not mined."







"It is evident from Figure 10 that only limited mining was completed above level 3 and drilling results indicate that the gold grade of Shoot 4 also increases below level 3.

Diamond holes drilled into the A2 Shoot tested 100m strike to a depth of around 25m. Drillhole BRDDH020 intersected 4m stope (possible mined quartz reef), a 2m low grade zone then 5m @ 4.15g/t Au in the footwall from 24m. The zone contains approximately 4800 ppm As and 0.37% sulphur (largely from pyrite). The gold mineralisation is located within mineralised greywacke with stockwork veins and quartz breccia.

BRDDH022- BRDDH024 were drilled along strike to the north (Figure 11). These holes intesected a 10m wide zone with lower grade gold mineralisation but with the same high arsenic and sulphur mineralisation. BRDDH023 has very high sulphur averaging 10.9% over 8m with a high of 36% over 1m (Figure 12).

These results are encourageing and indicate a strongly mineralised system at surface which may have high gold mineralisation at deeper levels i.e. below level 3 (~120m) similar to Shoot 1 and Shoot 4 (Figure 10). Additional consented drill pads will be required to target this shoot at deeper levels.




Diamond holes drilled into the Shoot 4 tested the mineralisation just above and below level 3 (Figure 10). BRDDH027 intersected 6m @ 5.1 g/t Au from 142.2m (Figure 13). Core from this hole had visible gold between 146.35m and 147.25m (Figure 14) with this interval assaying 12.3g/t Au. BRDDH025 and BRDDH026 intersected lower grade mineralisation above level 3.

BR4 (4m @ 4.42g/t Au from 128m and 6.6m @ 21.9g/t Au from 136m), BR9 (3m @ 18.5g/t Au from 147m and 7m @ 8.8g/t Au from 158m) and BR12 (3m @ 5.4g/t Au from 170m and 3m @ 2.0g/t Au from 205m) all have two intersections indicating that there may be a hangingwall and foootwall reefs in this area. The drillholes above this zone BR3, BR5 and BR27 have a single intersection.

The Company has budgeted to drill 5,000m of diamond core at Big River in 2021. Indicative drillholes are shown on Figure 10.

Drilling will be undertaken on all six shoots targeting areas that have not been previously mined."



As @metaljaune stated, Siren Gold Big River, Alexander River, Lyell and Reefton South gold exploration projects are surrounded by a number of large gold miners, any of whom would be very keen to make an acquisition, once SNG's projects are derisked.






Siren Gold's current market capitalisation of only $A30million is significantly undervalued.

As Siren Gold ticks off major derisking events, such as drilling results, a JORC Resource, Mining Permiting or Production announcements, over the next 12-18 months, we will see the market capitalisation rise and share price rise significantly IMHO.