Siren Intersects Significant Mineralisation at Bonanza East
Siren Gold, a mining exploration and development company, have announced the discovery of significant mineralisation from their ongoing drilling program at Bonanza East in Mexico.
The company’s initial drill hole in the area, which reached a depth of approximately 571.3 metres, returned a number of samples that showed visible gold and high-grade precious-metal mineralisation. In particular, the samples revealed that the area contains significant concentrations of gold, silver, and copper.
The initial results of the drilling program have been average 483g/t silver and 2.5g/t gold. This level of mineralisation indicates that the area is highly prospective and that further drilling is likely to uncover even higher concentrations of minerals.
In the face of this exciting news, Siren Gold’s CEO, Garrett Aitken stated, “these impressive initial results demonstrate the Company’s geological model is proving robust and reinforces the potential to establish a significant open-pit mining operation and further exploration potential at Bonanza East”.
The company has already applied for an exploration license for the area, and is now due to complete the analysis of the drill samples by the end of June. Siren Gold are now hoping to fast track the development of the Bonanza East project, and the results of the underground drilling campaign will play an important role in these plans.
Overall, the initial results from the first drill hole at Bonanza East indicate a promising project ahead for Siren Gold. Further developments on the ongoing drilling program will be expected in the coming months, as the company now focuses on expanding their exploration activities.