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Siren Gold Strikes 22.2m at 7.2g/t Gold at Auld Creek, Expands Reefton Project Potential

Key Take Away: Siren Gold (ASX: SNG) has intersected impressive gold and antimony mineralization at its Auld Creek target within the Reefton Project in New Zealand. Drilling results, including 22.2m at 7.2g/t gold and 0.3% antimony, highlight the potential to significantly expand the company’s current mineral resource estimate of 1.27 million ounces of gold at 3.1g/t.

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Siren Gold’s (ASX: SNG) latest drilling program at Auld Creek has delivered outstanding results, with the second diamond hole drilled in 2024, ACDDH016, intersecting 22.2m at 7.2g/t gold and 0.3% antimony from 67m, with an estimated true width of 10m. This follows the impressive results from the first hole, ACDDH015, which intersected 12.4m at 5.3g/t gold and 14.9% antimony.

To date, eight diamond holes have been drilled in the Bonanza East Fault, with all holes intersecting significant gold or gold and antimony mineralization. These results complement previous drilling at Auld Creek that focused on the Fraternal Shoot, which defined an inferred mineral resource estimate of 66,000 ounces at 3.5g/t gold and 8,700 tonnes at 1.5% antimony.

Siren’s Managing Director and CEO, Victor Rajasooriar, commented, “Drilling at Siren’s Auld Creek target within the Reefton Project continues to exceed geological interpretations with higher widths and grades than initially expected. Over the coming months we expect the results from the recent drilling targeting the Fraternal & Bonanza Shoots to add significantly to the Auld Creek MRE and consequently Siren’s Global MRE which currently stands at ~1.27Moz at 3.1 g/t Au and 8.7kt Sb @ 1.5%”.

Siren Gold plans to continue drilling at Auld Creek, targeting all four mineralized shoots identified through soil sampling, surface trenching, and diamond drilling. The company aims to test all four shoots to around 100m below surface in the initial drilling phase, followed by a second phase targeting down-plunge extensions to the mineralization.

Gold, a precious metal, is widely used in jewelry, investments, and as a store of value. The demand for gold is expected to remain strong, driven by economic uncertainty, inflation concerns, and its status as a safe-haven asset. With its significant gold resources and ongoing exploration success, Siren Gold is well-positioned to potentially benefit from the positive market sentiment towards gold.

The impressive drilling results from Auld Creek underscore Siren Gold’s potential to expand its gold resources and advance the Reefton Project. As the company continues to deliver positive exploration results and progress its development plans, investors will be watching to closely to see if the company can capitalize on the favourable market conditions in the gold sector.

Siren Gold Limited (ASX:SNG)

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