Gold continues to climb above the $1850/Oz level and heading...

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Goldhunter122

1,476 Posts.

826

18/05/21

13:14

Post #: 53248489
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Originally posted by Goldhunter122: ↑

Very exciting to see the Gold Price breakout to the upside so quickly and aggressively in the last few trading sessions.

It is fast approaching $US1,900/Oz, making Siren Gold's high grade gold deposits that are at surface and near surface in NZ a very profitable gold mines.

Siren's current market cap of only $18milllion shows it is significantly undervalued.

Big River alone hosts 2 large gold lodes/shoots from the surface which is virgin ground and untouched by the old-timer miners. Prima Donna (orange) and A2 (purple), highlighted by the red X.

The areas beneath previously mined high-grade ore shoots, Shoot 1(light blue), 2 (green), 3(pink), and 4 (peach) is all still intact. Gold Mining stopped in 1941 not because the gold ran out, but because they ran out of workers.

Alexander River is also showing a lot of high-grade gold, where the high-grade gold shoots and lodes are thickening at depth, you can see the increase in thickness of these gold shoots and lodes by at least 100-120% compared to above the dotted line.

Current drilling in between the McVicar West Shoot and Loftus-McVicar shoot will be very interesting (highlighted in blue). If Paul Angus confirms this is one single 500-600metre high-grade gold shoot so close to the surface we will see all-time highs in the share price.

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Gold continues to climb above the $1850/Oz level and heading towards $US1900/Oz, next major resistance level is between $US1930-$1950/Oz.

If it breaks above $1950/Oz, then $US2,100+/Oz is next.

SNG Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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