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Siren Gold Ltd ( (AU:SNG) ) has shared an update.
Siren Gold has reported new drilling success at its Sams Creek Project in New Zealand, confirming gold mineralisation outside the established Main Zone along the underexplored 7km Sams Creek Dyke. Recent diamond drilling at the Doyles fold, 500m west of the Main Zone, intersected a roughly 20m thick mineralised dyke, validating the structural model and highlighting the potential for resource growth along a 1.5km down-plunge extension.
With about 90% of historical drilling concentrated in the Main Zone, which hosts an existing 824,000-ounce resource at 2.8 grams per tonne gold, the company has begun systematic testing of additional mineralised folds and is halfway through infill drilling at the SE Traverse and Carapace areas. Siren is targeting upgraded mineral resource estimates and a scoping study in the September quarter, while its Sams Creek mining permit application advances through regulatory review, reinforcing its transition toward project development.
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-listed mineral exploration company focused on gold assets in New Zealand, notably the Sams Creek Project. The company targets large-scale, high-grade gold systems along the Sams Creek Dyke, aiming to advance from explorer to developer as it expands mineral resources and progresses permitting for potential mining operations.
Average Trading Volume: 392,927
Technical Sentiment Signal: Buy
Current Market Cap: A$27.6M
For a thorough assessment of SNG stock, go to TipRanks’ Stock Analysis page.