Connect with us

Hi, what are you looking for?


More Outstanding Gold Mineralisation Intersected at Auld Creek

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on its latest drilling program at Auld Creek, located within the Reefton Project.


ACDDH016, the second diamond hole drilled in 2024, intersected the Bonanza East Shoot with a downhole intersection of 22.2m @ 7.2g/t Au and 0.3% Sb from 67m, with an estimated true width of 10m.ACDDH016 follows on from the first hole ACDDH015 that intersected 12.4m @ 5.3g/t Au and 14.9% Sb with an estimated true width of 6m.To date eight diamond holes have been drilled in the Bonanza East Fault, with all holes intersecting significant gold or gold and antimony mineralisation.These results compliment previous drilling at Auld Creek that focused on the Fraternal Shoot, with 8 diamond drillholes defining an inferred Mineral Resource Estimate (MRE) of 66koz @ 3.5g/t gold and 8.7kt @ 1.5% antimony. Siren’s Reefton inferred MRE is 444koz @ 3.8 g/t Au and 8.7kt @ 1.5% antimony.

Siren Managing Director and CEO, Victor Rajasooriar commented:

“Drilling at Siren’s Auld Creek target within the Reefton Project continues to exceed geological interpretations with higher widths and grades than initially expected. The current MRE from Auld Creek is defined solely from the initial fraternal shoot drilling. Over the coming months we expect the results from the recent drilling targeting the Fraternal & Bonanza Shoots to add significantly to the Auld Creek MRE and consequently Siren’s Global MRE which currently stands at ~1.27Moz at 3.1 g/t Au and 8.7kt Sb @ 1.5%”.1


In 2024, Siren’s strategy at Auld Creek is to drill test all four mineralised shoots (Fraternal, Fraternal North, Bonanza and Bonanza East) identified from soil sampling, surface trenching and diamond drilling carried out over the past 12 months.

The Fraternal and Bonanza west dipping mineralised faults are interpreted to be sub-parallel approximately 100m apart (Figure 1). On the Fraternal Fault at least two mineralised shoots have been identified: Fraternal and Fraternal North, which are interpreted to plunge moderately to the south.

The Bonanza East Fault dips to the east and links between the Fraternal and Bonanza Faults. Diamond drilling by Siren in 2023 confirmed the continuance of the Bonanza East Shoot that was intersected in surface trenches, with ACDDH011 intersecting 5m @ 4.1g/t Au and 7.0% Sb 80m below the surface. The Bonanza East Shoot is interpreted to plunge to the north, with the top and bottom limits constrained by the intersection with the Fraternal and Bonanza mineralisation.

Siren plans to target the Bonanza East, Bonanza and Fraternal North Shoots with the initial drilling over the next few months, with all four shoots having then been tested to around 100m below surface. The second phase of drilling will then target down plunge extensions to the mineralisation.

Click here for the full ASX Release

This post appeared first on

You May Also Like

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024