Sharecafe

Siren Gold begins drilling at Sams Creek to test deeper gold targets

Thumbnail
Siren Gold Limited (ASX: SNG) updates on its Sams Creek Project, including commencement of drilling to test the SCD 200m below previous intersections.

Siren Gold (ASX: SNG) has commenced drilling at its Sams Creek Project, targeting deeper mineralisation within the Sams Creek Dyke. The program, which began on 13 February, aims to test the structure 200m below previous intersections from drill holes SCDDH090 and SCDDH091.

The drilling plan includes an initial parent hole targeting 200m below these intersections, with two daughter holes to be drilled 100m above and 100m below the parent hole if results justify further work. The Sams Creek Dyke is up to 60m thick and extends for over 7km along strike. It has been folded into gentle northeast-plunging folds, with gold mineralisation forming in the fold hinges.

The current drilling program is focused on the A2 antiform, which lies approximately 400m below the A1 antiform and is interpreted to extend for 1.5km. Rock chip sampling from the A2 anticline outcrop at Doyles returned an average of 3.4g/t gold.

Over the next six months, Siren Gold plans to complete the diamond drill hole testing the Sams Creek Dyke 200m down plunge, with the potential for two additional daughter holes. The company also intends to collect a metallurgical sample and finalise the Sams Creek mining study and mining permit application.

Serving up fresh finance news, marker movers & expertise.
LinkedIn
Email
X

All Categories