Exploration Breakthroughs Illuminate Gold-Antimony Systems
Recent exploration efforts by Siren Gold have revealed extensive gold and antimony mineralisation across multiple New Zealand sites, signalling a significant expansion of the company's operational scope. Soil geochemistry at the Langdons project, southwest of Reefton, has illuminated a previously uncharted, parallel mineralised system. Channel sampling at Langdons yielded results of 38.5 grams per tonne (g/t) gold and 5.7 per cent antimony, with even waste dump samples assaying up to 37.8g/t gold and 20.9 per cent antimony. This discovery has been followed by a new five-year exploration permit for the Langdons site, paving the way for drilling pending environmental approvals.
Concurrently, at the Queen Charlotte project near Marlborough, Siren has delineated gold and antimony mineralisation spanning a 12-kilometre shear zone. This area encompasses the historic Endeavour mine, New Zealand's most prolific past producer of antimony. Initial fieldwork at Queen Charlotte, including at the Maria Reef, has returned channel sampling results such as 2.9 g/t gold and 1.0 per cent antimony over 6 metres, with a notable 1-metre interval grading 2.2g/t gold and 12.4 per cent antimony. Further sampling at the Skyline Reef delivered a 1.2-metre intersection of 1.5 g/t gold and 18.5 per cent antimony. The company is actively testing high-impact drill targets at both Langdons and Queen Charlotte.
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Sams Creek Resource and Future Prospects
The company's flagship Sams Creek gold project in New Zealand holds a JORC-compliant mineral resource estimate of 824,000 ounces at 2.8 g/t gold, positioning it as one of the nation's largest undeveloped gold deposits. Recent work has identified a 7-kilometre long dyke at Sams Creek that appears to host multiple gold deposits. Fieldwork conducted in September returned channel sampling up to 38.5g/t gold and 5.7 per cent antimony, and float samples reaching as high as 506g/t gold and 21 per cent antimony. A recent 19-metre intersection of 1.3 g/t gold was found 500 metres west of the Main Zone resource. Siren is awaiting a mining permit for Sams Creek, with a mineral resource update and scoping study anticipated following drilling.
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Strategic Permits and Historical Context
Siren has secured exploration permits over key historic mining areas, bolstering its antimony and gold potential. The permit for the Endeavour Antimony mine is particularly significant, as this site was historically New Zealand's largest antimony producer. While approximately 3,000 tonnes of stibnite ore were recovered and shipped in the late 19th century, the associated gold mineralisation, averaging around 2g/t Au, was largely unrecovered. The Endeavour mine is part of a broader shear zone extending for at least 5-6 kilometres, which includes at least two other antimony occurrences. Historical mining across these regions often focused on extracting high-grade antimony, with gold frequently overlooked. The company's strategy involves pursuing the gold component within these historically antimony-focused fields, recognising the parallel potential offered by hangingwall and footwall reefs within identified shear zones. Siren also holds a 17 per cent stake in Canadian-listed Rua Gold.
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Keywords: Siren Gold, New Zealand, Antimony, Gold, Langdons Project, Queen Charlotte Project, Endeavour Mine, Sams Creek Project, Exploration, Geochemistry, Mineral Resource, Mining Permit, Shear Zone.
