These are some very high gold grades. 21.9/t 34.5g/t etc. Paul Angus continues to find new high grade gold zones along strike and at depth in NZ.
"Two new gold anomalised hidden below the surface."
If these new gold zones prove to be virgin ground at 15-20+/grams per tonne gold, we are in for a very exciting time.
Siren Gold will reach a tipping point where a mid cap or large cap gold miner will buy them out, especially with the Gold Price breaking above $US1780/Oz today.
"Surface soil sampling assays and mapping results have confirmed that the Sunderland anticline structure which hosts the high-grade Big River mine extends for an additional 3kms further south", through the historical Big River South and St George gold mines.
• Soil sampling using UltraFine + an advanced soil sampling method invented by the CSIRO, has located, and extended the historical Big River South mineralisation and has also discovered two significant new gold anomalies hidden below the surface by glacial till cover.
• BRDDH034 intersected 5.9m @ 4.1g/t Au (including 0.3m @ 34.5g/t Au) below Level 8 of shoot 4 where mining stopped in 1942 when the mine closed. BRDDH035 was drilled 50m below BRDDH034 and intersected similar mineralisation with assay results awaited.
• Previous holes drilled around Levels 3 and 4 of shoot 4 include BR04 (4m @ 4.42g/t Au from 128m and 6.6m @ 21.9g/t Au from 136m), BR09 (3m @ 18.5g/t Au from 147m and 7m @ 8.8g/t Au from 158m) and BR12 (3m @ 5.4g/t Au from 170m and 3m @ 2.0g/t Au from 205m) and have two gold intersections indicating that there may be a hangingwall and footwall reefs in this area, which may extend to deeper levels.
SNG Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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