AUS
NZ
UK
CA
USA
IND
Highlights
- Phase 1 drilling at the Bermol prospect returned consistent gold intersections, validating historical results and identifying new mineralised zones.
- Standout intercepts included 4.7m @ 2.26 g/t Au (BRD011) and 5.2m @ 1.67 g/t Au (BRD008), with high-grade hits up to 11.02 g/t Au.
- The Bermol prospect is central to the phase 1 drilling strategy and aims at expanding the Idenburg Project’s current resource of 540,000oz @ 4.1 g/t Au.
- Upcoming drilling at North Bermol, alongside maiden programs at Sua and Kwaplu, and geophysical surveys, positions FEG to potentially unlock a district-scale gold system.
Far East Gold Limited (ASX:FEG) has reported ‘highly encouraging’ assay results from its Phase 1 drilling campaign at the Bermol prospect, part of the company’s Idenburg Project in Papua, Indonesia.
To date, 10 drill holes totalling 1,169.6m have been completed, testing approximately 650m of strike along the Bermol fault/shear zone. Assay results from holes BRD008 to BRD011 returned consistent intersections of gold mineralisation. The findings validate the presence of gold-bearing structures previously identified from historical PT Iriana Mutiara Idenburg (IMI) drilling, while also uncovering new mineralised zones not yet included in the current JORC (2012) inferred resource.
Key intercepts include:
- BRD011:7m @ 2.26 g/t Au from 92.4m, including 1.7m @ 3.97 g/t Au; plus 4.0m @ 2.75 g/t Au from 160m, including 1.5m @ 6.05 g/t Au and 0.5m @ 11.02 g/t Au.
- BRD008:2m @ 1.67 g/t Au, including 0.5m @ 8.72 g/t Au from 38m and 0.5m @ 5.41 g/t Au from 41.7m.
- BRD010: 2m @ 3.17 g/t Au, including 0.9m @ 6.58 g/t Au from 47.4m.
These initial results highlight the potential to extend the mineralised system at Bermol beyond the limits of the current resource and reinforce confidence in the broader Idenburg Project.
Resource Growth Potential
The Bermol prospect is central to FEG’s Phase 1 drilling strategy, aimed at building on the existing JORC inferred resource of 540,000 ounces @ 4.1 g/t Au. Of this, Bermol currently accounts for 228,000 ounces @ 4.8 g/t Au.
The SMGC independent Exploration Target of 7.2 million ounces at 6.1 g/t Au (upper range) highlighted the exploration target potential at Bermol of up to 1.8 million ounces at 10.0 g/t Au (upper range), with a lower range estimate of 56,000 ounces at 2.0 g/t Au.
Gold mineralisation at Bermol appears closely linked to mylonite, with the highest grades found in sulphide-rich zones. The mode of sulphide occurrence suggests that the sulphide and associated gold formed late in the deformation process. These findings align with historical exploration results and provide valuable insights into the timing and structural controls of gold mineralisation in the area.
Expanding Exploration Across the Idenburg Project
Far East Gold has also commenced a 320-line km high-definition drone magnetic and LiDAR survey across Bermol and North Bermol areas, covering 1,200 hectares at 50m spacing. This survey will map key geological and structural features along an interpreted 4km northeast-trending corridor that links the North Bermol and Bermol prospect areas.
Drilling at North Bermol is set to begin shortly. Meanwhile, preparations are underway for maiden drilling campaigns at other priority prospects, including Sua and Kwaplu.
Collectively, these initiatives provide the opportunity to unlock a district-scale gold system across the Idenburg Project area.
FEG shares were trading at AUD 0.145 per share at the time of writing on 25 August 2025.
