Siren Gold (ASX:SNG) has provided an update on the current status of metallurgical testwork and progress to date in advancing a conceptual processing plant study for the Reefton gold project in the South Island of New Zealand.
Siren Gold highlighted positive results from samples from Alexander River and Big River projects, and a total recovery of 90% - 93% is estimated if processed with POX (pressure oxidation).
It also says its plant Scoping Study reflects the test results with a conventional crush, grind, gravity and flotation flowsheet to produce a saleable concentrate.
Shares of Siren Gold closed up 9% in today's trading.