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Siren Gold Ltd ( (AU:SNG) ) just unveiled an announcement.
Siren Gold has reported further encouraging surface results from its Queen Charlotte antimony-gold project in New Zealand’s Marlborough District, where soil sampling has extended the NW-SE striking Endeavour Shear Zone mineralisation to about 8km and kept it open along strike. New and historical channel sampling across the Endeavour Inlet and Resolution Bay workings has returned multiple high-grade gold and antimony intercepts from surface, supporting management’s view that the historically mined shear system, worked over a 400m vertical extent and 1.5km strike, may continue significantly deeper.
The company has lodged an access arrangement application with New Zealand’s Department of Conservation to commence drilling and is continuing systematic surface work to refine its geological model while approvals are processed. The expanding mineralised footprint and continuity of high-grade results across multiple historic mines enhance Queen Charlotte’s scale potential and could strengthen Siren Gold’s position in the emerging antimony-gold space, subject to successful permitting and subsequent drilling outcomes.
More about Siren Gold Ltd
Siren Gold Limited is an Australian-listed mineral exploration company focused on gold and antimony projects, with key assets in New Zealand’s Marlborough District. Its portfolio includes the Queen Charlotte, Sams Creek and Langdons projects, targeting structurally controlled shear-zone mineralisation with potential for both precious and critical metals.
Average Trading Volume: 342,831
Technical Sentiment Signal: Sell
Current Market Cap: A$24.6M
For an in-depth examination of SNG stock, go to TipRanks’ Overview page.