While we wait for the drilling results and Maiden JORC Resource announcement.
This is also interesting on Page 32 of the same presentation deck.
Here, Siren compares Alexander River to the world class high grade sister deposit Fosterville in Victoria. Since the two are part of the same Lachlan Fold Belt before NZ split from Australia millions of years ago.
The blue shading is stibnite, which corresponds with the high grade gold ore shoots at Alexander River and halo gold surrounding these shoots. It is interesting that at Fosterville, below 800metres, you can see visible gold (ultra high grade gold + Stibnite)
Question for the geos.
1. What is the importance of Stibnite to gold?
Do you think it is the Stibnite that is enriching the very high-grade gold at Fosterville?
This video presentation by the Victorian Govt geos, highlights the extraordinary Fosterville deposit in the Swan zone.
From the 3min mark, he says, "the world's best intersections for 2017". 15.15metres at 1,429g/t gold.
He also states "they have had lots more drill holes that look similar".
If Siren Gold gets anything close to these levels of intercepts, we will see a significant increase in the Maiden High Grade Gold JORC Resource and share price/market cap.
Let alone subsequent Upgrades to the High-Grade JORC Resource.
I would really like to get a better understanding of how Stibnite affects gold grades and why Siren Gold has highlighted this in their presentation deck.
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Ann: New 3km Long Target Discovered at Lyell, page-51
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5.1¢ |
Change
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Mkt cap ! $11.05M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 5.1¢ | $79 | 1.547K |
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No. | Vol. | Price($) |
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10 | 19463 | 5.0¢ |
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2 | 72842 | 0.049 |
3 | 1060000 | 0.048 |
2 | 101000 | 0.047 |
1 | 19000 | 0.046 |
Price($) | Vol. | No. |
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0.051 | 139320 | 2 |
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0.054 | 20000 | 1 |
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