So What? Holes, 089, 093a, 094, 098a and 099 combined total 1759 metres of drilling. Using $500/metre, drilling cost equates to $880,000 for 5 holes. Exploration from the surface starts to get cost prohibitive when drilling targets that are only delivering on average 23 gram metres. That isn't grams per tonne, that is gram metres.
If Goldhunter122 is correct, and the Maiden Resource Estimate comes out at 200,000 ounces and 22,335 metres ($500/m) were drilled to classify this JORC Estimate, then cost is around $55/ounce. Exploring the "Deeps" might cost more subject to how much gold is discovered/classified.
I hope Siren Management can deliver on their targets. Note 1 below is the obvious caveat.
Extracts from: Siren Gold ASX Release, 6 July 2022
