Siren Gold Analyst Review: High Grade Deep Mine Potential With Antimony Coproducts

Martin Place Securities has published its analysis on Siren Gold (ASX:SNG), highlighting its projects’ geology, exploration potential and positive cash position.

Siren Gold has a strategic hold over 40km of the Reefton Goldfield line of lode in West Coast New Zealand, targeting a resource expansion from the historical high-grade mines and aiming to achieve a 2.7moz resource within 24 months. The company has an active diamond drilling program underway, with a goal to explore the current 1.3moz combined resources at Reefton and Sams Creek. The Sams Creek 0.824moz @ 2.8g/t porphyry gold resource, in particular, has a growing resource, and according to the report, “Sams Creek Porphyry Project is potentially another significant ore body.”

Siren Gold’s approach aligns with the New Zealand government’s positive stance towards mining, potentially accelerating the timeline for reaching its resource targets.

Financially, Siren Gold exhibits a strong market cap leverage to its exploration targets, with a 24-month price target suggesting a significant upside. The company’s capital structure, share price performance, and strategic shareholder composition provide a stable foundation for its ambitious exploration endeavors. With an experienced team at the helm, Siren Gold is strategically positioned to capitalize on the gold renaissance underway on New Zealand’s West Coast.

Click here for the full report

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.