Visible Gold 6.6metres at 21.4grams per tonne and it is structurally controlled within the quartz reef at Big River.
That makes it 2 high grade gold deposits out of 2 drilling announcements. First Alexander RIver and now at Big River.
This is a very impressive drilling result by Paul Angus and the drill team at Siren Gold. It confirms that the old timers have left a lot of high grade in the ground, at surface and near surface.
As part of the visible gold drilling result there is extremely high grade gold at 71.5grams per tonne of gold (2Oz/tonne) for 0.8metres and another intercept of 54.5grams per tonne of gold at 0.7metres.
The second the third paragraphs are also very interesting, where a thick 10metre shear zone has been identified comprising of quartz veins, stock work, quartz breccia and mineralised argillite containing pyrite 1.3km north of the Alexander mine.
The goal is to identify as many high grade gold deposits (currently 2) to feed into the Oceana Gold processing plant only 20km away.
The current $42million market cap at 70c share price is significantly undervalued, no wonder Morgans have a $5 share price target on Siren Gold.
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