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The latest announcement is out from Siren Gold Ltd ( (AU:SNG) ).
Siren Gold Limited has reported initial assay results from its ongoing infill drilling program at the Sams Creek Gold Project in New Zealand, where work is focused on the SE Traverse zone within the existing mineral resource footprint. The program aims to upgrade parts of the current Inferred Resource, particularly at SE Traverse, to the Indicated category by improving geological confidence, grade continuity and data density.
Assays from the first six of roughly 20 planned drillholes have returned notable gold intercepts, including 4.8 metres at 4.39 grams per tonne gold and 4.2 metres at 3.25 grams per tonne gold, using a 0.5 gram per tonne cut-off. The company is also collecting geotechnical and metallurgical data from these holes to support future technical studies, with drilling expected to finish by the end of April 2026 ahead of an updated Mineral Resource Estimate for the 824,000-ounce Sams Creek deposit.
The most recent analyst rating on (AU:SNG) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Siren Gold Ltd stock, see the AU:SNG Stock Forecast page.
More about Siren Gold Ltd
Siren Gold Limited is an Australian Securities Exchange-listed exploration company focused on gold and antimony projects, including the Sams Creek Gold Project in New Zealand, as well as the Langdons and Queen Charlotte projects. The company is advancing these assets through targeted drilling and technical studies aimed at upgrading resources and supporting potential open pit mining developments.
Average Trading Volume: 408,348
Technical Sentiment Signal: Sell
Current Market Cap: A$25.5M
See more data about SNG stock on TipRanks’ Stock Analysis page.