Ann: Siren Extends Mineralised Shoots at Alexander River, page-22

Stock H e a d .com.au has a short article on Siren Gold today (at bottom).

As this Siren's exciting projects advance, we should expect to see more coverage by the finance media and professional investors.

Gold Digger: Strong inflation could pump gold price to $US8,900/oz by the end of the decade, experts say

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz.

That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind.

Over the past month big producers Evolution Mining (ASX:EVN) +10%, Silver Lake Resources (ASX:SLR) +10%, Perseus Mining (ASXRU) +11%, and Gold Road Resources (ASX:GOR) +15% have all made solid gains.

This gold bull run is far from over, experts say.

“We have entered a new paradigm that will be dominated by deeply negative real interest rates, high inflation, and low nominal rates — an extremely supportive environment for gold,” Diego Parrilla, who runs the Quadriga Igneo fund told Bloomberg.

Incrementum’s ‘In Gold We Trust’ report goes a step (or ten) further, predicting that should inflation rise significantly in the coming years, “we believe that five-digit gold prices are conceivable at the end of the decade”.

A ~$US5,000/oz gold price, they say.

“The conservative base scenario, (i.e.) without any extraordinary inflationary tendencies, results in a price target of USD 4,800 for gold,” the report says.

“If the decade was plagued by stronger inflation, a price of USD 8,900 could be expected at the end of the decade.”

USD Gold price over the past 2 years.

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

Small Cap Standouts

SIREN GOLD (ASX:SNG) +52%

Siren is exploring the rich Reefton gold district on the South Island of New Zealand, an area which has already delivered 2Moz across 84 historical mines.

This week, drilling has pulled up high grades like 3.1m @ 10.9 g/t gold at the top of the ‘Loftus McKay’ shoot, part of the Alexander River project.

More results are incoming.

The company has generated a combined exploration target for Alexander River of 250koz-500koz of gold at 5 to 6 g/t.