In addition to Alexander River and Big River, Brian Rodan and...

In addition to Alexander River and Big River, Brian Rodan and Paul Angus have confirmed another 3km gold anomaly, this time in the far north tenement at Lyell.

Again, drilling results from Alexander River are expected to be completed by the labs quite soon, of the 3 drill cores that contained visible gold. While ongoing drilling is adding ounces to the maiden JORC resource around the end of 2021, as per the Mining Journal article below.

We should expect to see a rerate for Siren Gold as these high-grade drilling results are released then once the Maiden JORC Resource is released in the next 6-8 weeks as we head towards Christmas.

NZ heeds the call of Siren Gold - Mining Journal (mining-journal.com)

"Siren Gold is operating in one of the last great underdeveloped goldfields in the world and we have achieved a lot in a very short period of time. Siren has been drilling quite strongly since we started with 59 diamond holes for 7,573m so far, and getting good results," Angus said.

"We expect to continue with further drilling success at both Alexander River and Big River, as well as targeting a maiden resource at Alexander River around the end of the year."

As the company looks ahead to the future, Siren Gold has just one final comment for all gold bull investors:

watch this space.

Again high grade gold structurally controlled from surface at Lyell. The same as Alexander River and Big River.




With mid cap and large cap gold miners' Reserves falling, I would expect to see some form of transaction at some point in order for them to gain access to high grade, low AISC and low CAPEX discoveries.

Whether it is a full takeover of Siren, or a sale of one of these deposits to develop the rest of these high grade deposits, or JV farmin by either a gold miner, gold streaming loan etc. Since there is so much high-grade gold in Siren's tenements, in multiple deposits, there are a plethora of options for the company.

We may even see a one-off extraordinary dividend to shareholders from the sale of one of these deposits, as the other deposits are developed. This has happened in the past with other explorers.


Here are some photos of the legendary oldtimers at Lyell. To extract over 90,000oz of gold (worth today $A216million) at a very high 18g/t with picks and shovels was an extraordinary effort. Tip my hat off to those guys.