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Bearsnug

392 Posts.

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11/01/21

09:12

Post #: 50074876
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Originally posted by Goldhunter122: ↑

Siren Gold restarts drilling today in NZ, while the labs analyse previous drill cores.

Drilling at both Alexander River and Big River stopped on the 18th of December and will recommence on the
11th of January 2021.

Exploration Activities
Alexander River

The Alexander River project (comprised of Exploration Permit 60446) is located ~26 km southeast of Reefton.
The Alexander River project overlays the areas of the historic Alexander River Mine until it closed in 1943,
which produced 41,089 oz of gold at an average gold recovery grade of ~26g/t.

Mapping and Sampling

Structural mapping has confirmed that the Alexander mineralised zone comprises two separate reefs. The
Bull-McVicar-Bruno No.1 reef track (McVicar Reef) is ENE-striking, dipping steeply southeast and cuts across
the F2 fold axial trace. In the Mullocky Creek domain, the mineralised fault responsible for the Bruno No.2-

McKay-Loftus-Mullocky reef-track (Loftus-Mckay Reef) is NNE-striking, dipping west, and is subparallel to the
F2 fold axial trace. From historical reports of the McVicar No. 6 Level, a west-dipping reef (possibly LoftusMcKay) appears to truncate the McVicar lode, indicating that the Loftus - McKay reef may be the dominant structure.

Mapping and rock chip sampling were undertaken at Alexander River where two quartz reefs were discovered
last month approximately 1km to the north of Loftus McKay reef in Mullocky Creek (Figure 1).

The Newcombe Lode was described by Morgan in 1921. The reef is around 1m thick and comprised milky
quartz with some chlorite inclusions and no visible sulphide (Figure 2). From historic reports this reef contained
around 1g/t Au. The footwall and hanging wall sediments did not look altered. One metre samples of the reef
and hangingwall and footwall sediments were collected and results are awaited.

The new discovery reef (New Discovery) is a 10-12m thick (true thickness) shear zone (Figure 3) comprising
of quartz veins, stockwork, quartz breccia, pug breccia and mineralised argillite. It contains some pyrite and
lesser arsenopyrite. Eighteen 1m channel samples were collected and results are awaited.
The Davis Reef was reported by Andrews in 1949 as a 4m thick steeply east dipping reef. The exact location
of this reef is unknown but is approximately 400m to the north of the Loftus-McKay reef in Mullocky Creek
(Figure 1).

The Davis and New Discovery reefs may represent the NE extension of the Alexander reef system, extending
the strike to around 2.5kms. The area between Mullocky and north of the Alexander River will be mapped and
soil sampled early next year.

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Thanks for the reminder that today is the start of what I believe to be a very successful and profitable year.

SNG Price at posting: 71.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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