This new 10-12metre thick outcropping shear zone at Alexander River looks to be a new gold discovery, we'll get confirmation on this early in 2021.
This shear zone could go down 100-300metres into the ground.
Siren Gold's gold deposits in NZ are turning into very valuable assets at a very fast rate.
An excellent job by Brian Rodan and his team.
"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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