Siren Gold (ASX:SNG): Exploring the mining sovereignty of New Zealand’s South Island, page-8

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    Worth a read all in the same area, plenty of potential , QUOTE ,Gold has just been struck at New Zealand's deepest mine and the operators believe it could be worth $2 billion. The Snowy River Mine on the West Coast is near a historic mine that was also known for its riches. Around 850 metres deep into the ground near Ikamatua on the West Coast is an abundance of quartz reef." This is the prize at the end of the mine if you like," said Snowy River Mine general manager Lincoln Smith. A prize - because for each red marking, that's where the gold is. It's the first time gold has been struck at Snowy River Mine, right on schedule ."We were pretty confident it was there and we're happy to see it," Smith said. That's because nearby Blackwater Mine has also produced gold before. We think we got 700,000 ounces there. Three sevens are 21 - that's $2.1 billion we got there," Smith said
 
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Last
4.8¢
Change
-0.003(4.95%)
Mkt cap ! $10.51M
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5.1¢ 5.1¢ 4.7¢ $68.70K 1.428M

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5.1¢ 128023 3
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