How did Siren Gold’s sister deposit at Queensway lift New Found Gold’s shareprice?
New Found Gold’s share price moves to each of the Keates zone jewelry box drilling results at Queensway were pretty impressive, to say the least.
As New Found Gold released each high grade, bonanza grade and bonanza+ drilling results the share price rose to new all-time highs.
Here, New Found Gold compares their visible gold in the quartz stibnite/antimony to the legendary Fosterville gold mine cores.
Now compare the visible gold at Siren Gold's Alexander River to New Found Gold's Queensway in Canada...
All three deposits were formed together, hence the same style of lithology, mineralogy, and gold formation. Alexander River/Big River/Lyell, Queensway and Fosterville.NewFound Gold is still around 2 yrs away from production, yet they already have a$1.3Billion market cap on the back of those bonanza grade drilling results,confirming their jewelry box in Canada.
SirenGold only has 100m shares on issue. A $1.3Billion market cap would equate to a$13.00 share price for SNG.
We saw Siren's share price move on the back of their first bonanza+ grade drilling result, looking forward to seeing the rest from that Heavy Duty 1,200metre drill rig, drilling there 7 days per week.
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1 | 16499 | 0.060 |
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Price($) | Vol. | No. |
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