Siren Gold (ASX:SNG) - Chairman, Brian Rodan
Chairman, Brian Rodan
Source: Iceni Gold
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  • Siren Gold (SNG) will undertake a scoping study for underground development at its Big River and Alexander River gold projects in New Zealand
  • Mining consultant Entech has been engaged to provide mine planning and technical assistance to design exploration declines
  • The study will focus on the design of underground access declines for both projects to allow underground exploration diamond drilling to around 1500 metres below surface
  • Once the study is complete, Siren will engage with all relevant government authorities to begin the approval processes necessary for the construction of the exploration declines
  • Siren ends the day 5.45 per cent in the green with shares traidng at 29 cents

Siren Gold (SNG) will undertake a scoping study for underground development at its Big River and Alexander River gold projects in New Zealand.

Mining consultant Entech has been engaged to provide mine planning and technical assistance to design exploration declines.

The study will focus on the design of underground access declines for both projects to allow underground exploration diamond drilling to around 1500 metres below surface.

The scoping study will begin immediately and is expected to be completed in March.

Once the study is complete, Siren will engage with all relevant government authorities to begin the approval processes necessary for the construction of the exploration declines.

Big River

The Big River Project lies 15 kilometres southeast of Reefton and overlays the areas of the historical Big River Mine which produced 136,000 ounces of gold at an average grade of 34 grams per tonne (g/t) gold between 1880 and 1942.

Drilling began in 2011 when Oceana Gold (OGL) drilled 26 diamond holes. Siren then began drilling in October 2020 with 16 holes drilled to date.

The underground mine workings have been divided into six mineralised shoot which spans a combined strikes length of 500 metres.

Three have never been drilled with Shoot 4 intersecting up to 21.4 g/t gold and Shoot A2 containing significant quartz and sulphide mineralisation.

Alexander River

The Alexander River Project lies 26 kilometres southeast of Reefton and overlays areas of the McVicar Mine which produced 41,089 ounces of gold at an average grade of 26 g/t gold before closing in 1942.

Mineralisation outcrops for over 1.2 kilometres and comprises of quartz reefs and dispersed mineralisation.

Surface trenching and channel sampling showed the mineralisation ranges from two to 15 metres in thickness with an average gold grade of 8 g/t.

The surface sampling also identified four mineralised shoots — Bull, McVicar, Bruno and Loftus-McKay — with only the McVicar Shoot mined.

Siren has drilled more than 10,200 metres since October 2020 and plans to define a maiden JORC resource in Q1 2022.

Siren has ended the day 5.45 per cent in the green with shares trading at 29 cents for a $27.81 million market cap.

SNG by the numbers
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