Alexander River is definitely a high-quality asset.
Alexander River is just 1 out of 8 deposits that Siren will develop. We are definitely looking at Australia's next mid cap gold miner.
Siren plans to drill 500metres to develop a Maiden JORC Resource of 589,000Oz at a high grade 6.5grams/tonne worth today $A1.47Billion.
As they extend down plunge, the Maiden JORC Resource rises to 1.128Million Oz at a high grade 6.6 grams/tonne worth today $A2.8Billion.
These high grade gold lodes run much deeper than even the 1,000metres being targeted for the 1.128million ounces.
Blackwater Gold mine next door runs down 2.4kms and Fosterville in Bendigo, runs down 2.5kms.
The plan is now to drill out Alexander RIver which will take 6-8 months to complete.
Ann: Reefton Goldfield Exploration Update Presentation, page-2
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