Now that is an exceptional gold hit! Congratulations to Brian, Paul and the drilling team in NZ.
26.8grams/tonne gold for 2metres, and within that ultra high-grade gold of 50 grams/tonne gold.
This is in addition to more continuous 5-9grams per tonne longer intercept high grade gold assays throughout this deposit.
The 26.8grams per tonne gold assay and within it, 50 grams per tonne gold, was smack bang in the middle of the Mullocky Creek high grade quarts lode.
Siren Gold is targeting between 250,000Oz and 500,000Oz of gold at a high grade 5-6 grams per tonne at Alexander River alone.
I'm looking forward to seeing Alexander River come to life and start pouring gold bullion!
When Siren provides an update on estimated annual production (Ounces) and AISC I'll update these numbers below.
With the Gold Price at $A2,357/Oz today, Alexander River is going to be a highly profitable gold deposit.
SNG's current $19million market cap is significantly undervalued given how quick they can get to production with all this at surface and near surface high grade gold.
