The current resource of 824,000 ounces sits within its Main Zone, Bobby Dazzler, SE Traverse and Carapace prospects.
Only 15 per cent of the dyke has been properly drill-tested, leaving most of its 7km strike and 1km dip open for further discoveries.
Notably, the dyke is easily mapped and provides a compelling ongoing exploration target.
A scoping study is also underway over the deposit. Due next year, it will lay out the project’s economics for the first time amidst a sky high $6400 an ounce gold price.
The exploration team is also gearing up at the company’s Queen Charlotte project, where geological mapping, soil sampling and rock chips from historic workings will set the stage for maiden drilling campaigns.
That project’s antimony angle adds a strategic kicker to Siren, with prices for the silvery-white metal sitting pretty at a massive $90,000 a tonne.
With a gold-antimony super blend in waiting, Siren’s exploration push couldn’t be better timed. As the rods spin and results roll in, the next year could put Sams Creek on the map as a cornerstone of New Zealand’s gold resurgence.
The region which has laid dormant for years under anti-mining legislation is finally getting the recognition it deserves, in an underappreciated, resources-rich landscape.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
