SNG siren gold limited

1.00%

5.1¢

eventually we will hit the 500koz .... 700koz MRE target but I...

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fullmetal100

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11/05/22

15:21

Post #: 61344928
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Originally posted by Goldhunter122: ↑

The fact that there are only 7 gold deposits in the World that have a JORC of ~1Million Oz and at 5g/t Gold Grade or higher, that can extract 200,000Oz per annum for a minimum of 5 yrs AND

5 of these 7 gold deposits, were taken over in the last 6 months, with the other 2 owned by Large Cap Gold Miners. So in effect, there is only Bellevue Gold with 1Million Oz at 5g/t and soon Siren Gold in this enviable and rare position.

Just 2 Gold Stocks on the Global Markets with assets that contain 1Million Oz JORC Gold at 5g/t+.

Initially, Siren Gold will release a Maiden High Grade Gold JORC Resource, this month, of between 500,000Oz and 700,000Oz at 5-7g/t gold, then lift it above 1Million Oz at 5-7g/t Gold JORC. As per their recent presentation at RUI Resources Roundup in Sydney.

This means Siren Gold, will be in a very rare position as a potential asset for a Large-Cap or Mid Cap Gold miner, institutional investor or private equity, who want to expand their Gold JORC Resources and increase annual cashflows and profit, significantly.

BUT, Siren Gold has a very rare advantage in that it also has bonanza+ grade and jewelry box grade gold at depth(in Stibnite/Antimony and Free Gold), which allows the company to have a Combined Upside Potential Exploration Target of 1.2Million Oz and 1.7Million Oz down (only 1km from the surface) at Alexander River and Big River.

At the combined 1.7Million Oz JORC Resource at 5-7g/t Gold Siren Gold can mine 1,700,000Oz/5Yrs = 340,000Oz per Year.

Allowing Siren Gold to produce 340,000Oz of annual high grade gold for a min of 5 years.

No gold mine in the world today, that isn't on that list above, can achieve this. None!

Let's keep an eye on the Maiden JORC Resource size and Grade this month, while drilling continues at Alexander River and Big River.

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eventually we will hit the 500koz .... 700koz MRE target but I reckon the mre will be less then 500koz however as time goes it will be upgraded to 700koz eventually with deeper drilling and double digit grades so I'm confident long term

SNG Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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