Siren Gold (ASX:SNG) (Siren or the Company) is pleased to provide an update on the significant potential of its Lyell Prospect.
The Lyell Goldfield is located 40kms north of Reefton (Figure 1), where gold bearing quartz lodes were worked over a continuous strike length of 5kms. The Lyell Goldfield is the northern extension of the Reefton Goldfield that produced 2 Moz of gold at an average recovered grade of 16g/t. The project overlays the historic Alpine United mine, which produced ~80koz of gold at an average recovered grade of ~17g/t between 1874 and closing in 1912.
Several other small mines, such as the Break of Day, Tyrconnell and United Italy, also operated historically north of the Alpine United mine. These are reported to have worked high grade quartz leaders up to about 10 cm width but only produced only small tonnages.
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