Drilling has been ongoing non stop at Alexander River for the...

Drilling has been ongoing non stop at Alexander River for the last 3 months.

We need to remember that the Discovery was made months ago at Alexander River and Big River. Drilling now is to define the resource in terms of size Ounces and Grade, as well as structure of the gold bearing ore for the underground mine. That is why all the drilling is diamond drilling and not RC.

As these results start to come back from the labs, Paul Angus and Brian Rodan will be adding thousands of ounces to their Maiden High Grade Gold JORCResource with every drill hole in order for the market to put a price on the initial insitu value of the high grade gold at Alexander RIver. Then there is Big River and Lyell drilling and resource definition.

It is very rare for a 750,000-2million ounce 6-8gram/tonne gold resource at Alexander River to be released to market. Blackwater next door, Macraes in NZ and Fosterville in Victoria are the only ones that come close.

IMHO - as drilling continues for the Maiden JORC Resource at Alexander River, confirming that the high grade gold continues at depth, and actually gets richer. This will allow Siren Gold to release multiple Resource Upgrades to the initial Maiden JORC Resource, we will see significant multiple re-ratings for Siren Gold.



Then there is Big River (higher grade than Alexander River) and Lyell drilling results begin soon. With the Gold Price at $A2,400/Oz, Siren Gold's assets are very low Capex and very high profit margin gold deposits, from surface. I honestly believe Siren will get to a tipping point in terms of Resource and Grade where a large cap or mid cap miner will swoop on SNG in order to help replenish their own depleting gold reserves.