InvestSMART

Siren Gold Limited (ASX:SNG)

ALERT: Price-sensitive ASX Announcement for SNG
Current share price for SNG : $0.051 -0.069 (-57.50%)+
Announcement
Release
15 Oct 2025 9:32AM
Price at Release
$0.120
Full Release
download
Summary
Siren Gold Limited (ASX: SNG) announced the commencement of a major diamond drilling program at its Sams Creek Gold Project in New Zealand. The project aims to upgrade and expand the current Mineral Resource Estimate (MRE) of 824,000 ounces at 2.8g/t gold. The drilling program includes a 6,000-meter infill drilling phase to enhance resource confidence from largely Inferred to Indicated, followed by 1,000-meter step-out drilling to explore extensions of known mineralization. Key areas targeted include the Main Zone and Doyles Fold. Siren anticipates an updated MRE and Scoping Study, with a Mining Permit decision expected by year-end. The Sams Creek Dyke is notably under-explored, with less than 15% systematically drill tested, representing significant potential for resource expansion.
Key Points
  • Drilling underway at Sams Creek Gold Project, New Zealand.
  • 6,000-meter infill drilling to improve resource classification.
  • 1,000-meter extension drilling to explore new areas.
  • Current MRE stands at 824,000 ounces at 2.8g/t gold.
  • Significant potential for resource expansion with less than 15% of the dyke drilled.
  • Anticipated updates to MRE and Scoping Study.
  • Mining Permit decision expected by year-end.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.