Far East Gold targets resource expansion with extensive drilling program at Idenburg gold project in Papua, Indonesia

March 27, 2025 04:32 PM AEDT | By Team Kalkine Media

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Far East Gold targets resource expansion with extensive drilling program at Idenburg gold project in Papua, Indonesia — Image source: shutterstock

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Highlights

ASX200, mining stocks, and exploration activities continue to gain attention.

Far East Gold Ltd (ASX:FEG) launches a large-scale drilling initiative in Papua, Indonesia.

The company aims to expand its resource base through extensive geological assessments.

Far East Gold Ltd (ASX:FEG) is intensifying efforts to enhance its resource base at the Idenburg Gold Project in Papua, Indonesia. The company has announced an extensive diamond drilling program designed to assess previously unexplored zones and refine resource estimates. The initiative includes multiple drill targets across various prospect areas, building on historical exploration data.

The current resource estimate has been developed through independent assessments, confirming the presence of gold and silver mineralization. The company's latest program will focus on expanding and upgrading existing resources while identifying new mineralized zones.

Strategic Drilling Initiative

A series of planned drill holes will explore different sections of the Idenburg Gold Project, targeting both known mineralized areas and underexplored regions. This approach aims to provide a clearer understanding of the project's geological potential. The program includes both infill drilling to refine resource estimates and scout drilling to identify new areas of interest.

Drill samples will undergo metallurgical testing to analyze mineral recovery rates. These studies will contribute to ongoing evaluations and potential development strategies for the project. The comprehensive drilling effort aligns with the company’s broader exploration objectives, ensuring a systematic approach to resource delineation.

Expanding Resource Estimates

The drilling initiative aims to extend mineralized zones within the Sua, Bermol, and Mafi prospect areas. Additional drilling at the Kwaplu prospect area will test anomalies identified through historical soil sampling. The project remains in an exploration phase, with a focus on confirming resource continuity and increasing geological confidence in existing estimates.

Historical data suggests that a significant portion of the project area remains underexplored. The company’s drilling activities are expected to provide valuable insights into the extent of gold mineralization, potentially supporting future feasibility studies. These findings will guide future exploration strategies and potential project developments.

Future Outlook for Far East Gold Ltd

Far East Gold Ltd (ASX:FEG) continues to advance its exploration strategy, with a strong focus on expanding its resource base. The drilling program at Idenburg is a key component of this strategy, leveraging historical data and modern geological techniques to enhance project viability. The company remains committed to systematic exploration efforts aimed at optimizing resource assessments and identifying further mineralized zones.

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