Far East Gold (ASX:FEG): First Scout Drilling Confirms New Gold-Bearing Shear Zone at Idenburg Project

3 min read | October 28, 2025 11:47 AM AEDT | By Sonal Goyal

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Far East Gold (ASX:FEG): First Scout Drilling Confirms New Gold-Bearing Shear Zone at Idenburg Project — Image source: FEG Update

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Highlights

FEG has made a major new high-grade gold discovery at the North Bermol prospect within the Idenburg Project in Indonesia.

Drilling confirmed a broad, shallow-dipping shear zone hosting gold mineralisation, including intercepts up to 15 g/t Au.

The discovery supports the potential for multiple mineralised systems.

The results reinforce the Idenburg Project as a district-scale gold opportunity.

Far East Gold Limited (ASX:FEG) has announced a major new gold discovery following its first-ever scout drilling program at the North Bermol prospect, part of the Idenburg Contract of Work in Indonesia.

The discovery of a high-grade shear zone confirms the potential presence of multiple mineralised systems across the project area, further highlighting its district-scale potential.

New High-Grade Shear Zone Identified

Newly discovered gold mineralisation is hosted within a newly identified northwest-trending shear zone at North Bermol. The mineralisation is associated with shallow zones of intense deformation containing quartz veins and coarse sulphide minerals, closely resembling those seen at the main Bermol prospect.

Drilling Results Confirm High-Grade Mineralisation

Historical exploration identified anomalous gold in surface rocks and soils. Subsequent mapping and rock sampling outlined key structural targets, which have now yielded significant gold intercepts from the project’s first-ever drilling program.

Significant results include:

BND003: 2.6m at 3.9 g/t Au from 11.3m, including 0.5m at 15 g/t Au from 12.4m
BND004: 5m at 4.9 g/t Au from 23.5m, including 1.6m at 12.8 g/t Au from 24.8m
BND005: 2.8m at 8.4 g/t Au from 32m, including 1.6m at 12.3 g/t Au from 33.2m

Drilling results indicate that the North Bermol shear zone is a broad, shallow-dipping (15°) structure striking to the northwest and dipping to the northeast. The zone has been intersected to approximately 30m depth, with an apparent true thickness ranging between 2 and 6m. Current modelling suggests a minimum strike extent of 300m and a dip extent of about 400m, supported by visual evidence of intense shear deformation observed in holes BND011 and BND012.

Detail of Drilling Program

Drilling commenced in September 2025, with 12 holes completed to date. Assay results have been received for holes BND001 to BND005, while results from additional holes, including BND011 and BND012, are pending. The company previously recorded a peak surface rock sample assay of 53 g/t Au.

Next Steps

The drilling results indicate that the Idenburg COW holds significant potential for further exploration. In response, the company plans to broaden its exploration strategy, focusing on cost-effective detailed mapping and sampling across high-priority structural targets to identify and refine future drill targets.

FEG Shares Rally

FEG shares were trading 3.703% higher at AUD 0.14 per share at the time of writing on 28 October 2025.

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