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Highlights
- FEG’s new 36-hole drill program targets four high-priority prospects, aiming to drive near-term resource growth at the Idenburg Gold Project.
- Two diamond rigs are now active at the Bermol Prospect.
- Drilling aims to expand the current JORC-compliant inferred resource of 540,000oz at 4.1 g/t Au and validate an Exploration Target of up to 7.2 million ounces at 6.1 g/t Au.
- Kwaplu will undergo its first-ever drilling to test a high-grade gold-in-soil anomaly.
- A structural study by Murphy Geological Services is underway to refine mineralisation targeting, with results due in Q2 2025.
Far East Gold Limited (ASX:FEG), a copper and gold exploration company, has commenced a major new drilling program at its Idenburg Gold Project, Indonesia. Two diamond drill rigs are now operational at the Bermol Prospect, initiating a comprehensive 36-hole, 3,670m drill program.
The campaign is designed to confirm infill and resource expansion potential across the Mafi, Bermol and Sua prospects, as well as conduct first-phase drilling at the Kwaplu prospect.
This program builds on FEG’s existing JORC-compliant inferred gold resource of 540,000 ounces at an average grade of 4.1 g/t Au. It also aims to validate the company’s Exploration Target of up to 7.2 million ounces at 6.1 g/t Au.
Far East Gold CEO Shane Menere commented, “This marks a major step in unlocking Idenburg’s true potential. With strong grades already confirmed, we’re confident this drill program can drive significant resource growth and deliver real value for our shareholders.”
