“SNG has continued exploration on its tenement holdings in favourable geological terrains at Reefton and also at the 0.588 Moz Sams Creek porphyry project about 120 km
north of Reefton in 81 percent/19 percent joint venture with OceanaGold (TSX:OGC),” the report said.
The report noted the company’s high-grade, deep gold mine potential with antimony as a co-products at its Reefton goldfield property.
“SNG sees potential for several +million oz gold deposits to be discovered at Reefton along strike and especially down dip at the old mines, and recent work at Lyell and Auld Creek in the north and at Langdons is providing strong evidence for the potential for a large scale aggregated antimony resource,” the report said.
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