Siren Gold Limited (ASX:SNG) Announces High-Grade Antimony-Gold Update at Langdons
Exploration Permit
Siren Gold Limited (ASX:SNG) has applied for a five-year exploration permit to replace the expired prospecting permit PP60893 for its Langdons Antimony-Gold Project near Reefton.
Sampling Highlights
The company collected six samples from the Langdons Antimony Lode mullock heap, with gold grades ranging from 4 to 506g/t Au and up to 9.3% antimony. The Langdons Quartz Reef, found 90 metres below the Antimony Lode, assayed 4.5g/t Au. Additionally, the Liberty Reef, 200 metres southeast from Langdons Quartz Reef, returned 1.75m @4.5g/t Au.
Executive Comments
Chairman and Acting Managing Director Brian Rodan stated, “The anticipated conversion of Langdon’s prospecting permit to an exploration permit will mark a key moment for the project, and another step towards the commencement of our exploration programs at both Langdons and Queen Charlotte. The antimony mineralisation at Langdons is very similar to the mineralisation in the northern half of the Reefton Goldfield, where significant antimony-gold mineralisation has been intersected in drilling at Auld Creek. At Langdons the strong surface sampling results reaffirm our view that the project could contain significant quantities of high-grade gold and antimony. The future of antimony is tied to growing demand across various sectors, including renewable energy, defence, and technology. However, the market faces challenges related to supply chain vulnerabilities and potential price volatility due to geopolitical factors. Diversifying supply sources and investing in new extraction and processing technologies in New Zealand will be crucial for ensuring a secure and sustainable antimony supply for the Western World.”
Next Steps
Siren Gold plans to trench and channel the Langdons Quartz and Antimony Reef to determine thickness and grade, extend conventional soil sampling, perform ionic leach geochemistry, map and rock chip Au and Sb anomalies, define drill targets, and apply for a drilling access agreement with the Department of Conservation.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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