Siren Gold Limited (ASX:SNG) Recommences Drilling at Sams Creek
Project Update
Siren Gold Limited (ASX:SNG) has recommenced drilling operations at its Sams Creek Project, aiming to expand the existing Mineral Resource Estimate (MRE) of 824koz @ 2.8g/t Au.
Mineral Resource Estimate
The current MRE is contained within the Sams Creek Porphyry Dyke (SCD), which extends for 7km along strike. The MRE is primarily within the A1 Antiform, which is open at depth, and new intersections in the A2 Antiform suggest significant potential for resource expansion.
Drilling Activities
Drilling began on 13 February to test the SCD 200m below previous intersections, with an initial parent hole targeting this depth. Depending on results, two daughter holes will be drilled 100m above and below the parent hole to further investigate the SCD.
Future Plans
Over the next six months, Siren Gold plans to complete the deep parent hole, drill potential daughter holes, collect metallurgical samples, and finalise the Sams Creek mining study and permit application scheduled for Q1 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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