Siren Gold’s latest drilling at its Sams Creek Project in New Zealand confirms significant gold mineralisation outside the established Main Zone, highlighting promising expansion potential along the 7km Sams Creek Dyke.
- New mineralised fold confirmed 500m west of Main Zone
- 19m at 1.30 g/t gold intersected at Doyles fold
- Exploration now targeting multiple underexplored folds along 7km strike
- Infill drilling underway to upgrade resource confidence by Q3 2026
- Mining permit application progressing through regulatory review
Expanding the Gold Footprint at Sams Creek
Siren Gold Limited (ASX:SNG) has announced encouraging exploration results from its Sams Creek Project in New Zealand, confirming gold mineralisation well beyond the previously defined Main Zone. The recent diamond drilling program successfully intersected a substantial 19-metre interval averaging 1.30 grams per tonne (g/t) gold at the Doyles fold, located approximately 500 metres west of the Main Zone. This discovery validates the structural model of the Sams Creek Dyke and suggests the presence of a ~20-metre thick mineralised dyke extending over a 7-kilometre strike length.
With nearly 90% of historical drilling focused on the Main Zone, which hosts an estimated 824,000 ounces at 2.8 g/t gold, Siren Gold is now systematically testing additional mineralised folds such as Riordan’s, Western Outcrops, Anvil, and Barrons Flat. These areas remain largely underexplored and hold significant promise for resource growth.
Advancing Resource Confidence and Development Plans
Infill drilling programs at the SE Traverse and Carapace zones are approximately 50% complete, aiming to upgrade the Mineral Resource Estimates (MREs) to the Indicated category by the third quarter of 2026. This step is critical for supporting an updated Scoping Study, which will further define the project’s economic potential. Siren Gold’s CEO, Zane Padman, emphasised the transition from exploration to development, noting that the recent results reinforce the view that the system’s extent is currently limited only by the extent of drilling completed.
Parallel to exploration activities, the company’s mining permit application for Sams Creek is progressing through the New Zealand regulatory framework. The permit award is anticipated to be a transformative milestone, enabling Siren Gold to unlock the full value of the asset and advance towards production.
Geological and Metallurgical Insights
The Sams Creek gold mineralisation is hosted within a hydrothermally altered peralkaline granite porphyry dyke intruding Early Palaeozoic metasediments. Gold is primarily contained within thin quartz-sulphide veins, with mineralised shoots plunging northeast along fold hinges. Metallurgical testwork to date indicates gold recoveries between 80% and 90%, supporting the project’s viability for future extraction.
Environmental considerations are also underway, with the project located mostly within the Northwest Nelson Conservation Park. Siren Gold maintains active engagement with regulatory bodies and community stakeholders to ensure responsible development.
Looking Ahead
As Siren Gold continues to drill and refine its resource model, the potential for significant resource expansion along the Sams Creek Dyke is becoming increasingly apparent. The company’s strategic focus on a centralised development model aims to leverage infrastructure efficiencies across multiple mineralised zones, potentially lowering operating costs and enhancing project economics.
Bottom Line?
Siren Gold’s expanding mineralisation footprint and advancing permit process position Sams Creek as a compelling emerging gold project to watch.
Questions in the middle?
- How will upcoming infill drilling results impact the overall resource classification and project valuation?
- What is the expected timeline for the mining permit approval and how might regulatory delays affect development plans?
- Could further exploration along the 7km strike significantly increase the current 824,000-ounce resource estimate?