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Be the first with the news that moves the market- Siren Gold (SNG) ramps up exploration activities for its Big River project in New Zealand after receiving assays from its recent drilling
- The company recommenced drilling at the project in March, with an initial focus on testing the A2 shoot at depth
- SNG says the results received to date indicate the A2 shoot plunges 55 degrees to the north-northeast and can be traced from outcrop to 200 metres below surface
- Drilling is continuing to test all six shoots at depth, with 7000 metres of diamond drilling budgeted for this year
- Shares are down 5.45 per cent to 26 cents at 1:12 pm AEST
Siren Gold (SNG) has ramped up exploration activities for its Big River project in New Zealand after receiving assays from its recent drilling.
The company recommenced drilling at the project in March, with an initial focus on testing the A2 shoot at depth.
SNG said the results received to date indicate the A2 shoot plunges 55 degrees to the north-northeast and can be traced from outcrop to 200 metres below surface.
Hole BR37 intersected 5.2 metres at 6.3 grams per tonne (g/t) gold from 213 metres.
Drilling is continuing to test all six shoots at depth, with 7000 metres of diamond drilling budgeted for this year.
Meanwhile, mapping confirmed the Sunderland Anticline that hosts the Big River mine extends five kilometres south where it is cut off by younger granite intrusion.
In addition, Siren Gold completed a soil geochemistry program, which detected anomalies and deepened its geological understanding of the project
Gold soils have been sent to a laboratory for further analysis.
Shares were down 5.45 per cent to 26 cents at 1:12 pm AEST.
