Far East Gold (ASX:FEG) Launches Second-Phase Drilling at Mount Clark West Project

2 min read | November 07, 2025 12:08 PM AEDT | By Sonal Goyal

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Far East Gold (ASX:FEG) Launches Second-Phase Drilling at Mount Clark West Project — Image source: Company update

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Highlights

Drilling commenced at the Mount Clark West Copper-Gold Project on 6 November 2025.

The program includes an initial 1,800m of drilling across three combined RC and diamond holes.

A potential fourth drill hole may be added to the program if initial results justify further testing.

Mount Clark West lies within Queensland’s Connors Arc, host to multiple Tier-1 deposits.

Far East Gold Limited (ASX:FEG) has commenced its second-phase drilling campaign at the Mount Clark West (MCW) Copper-Gold Project in central Queensland. The program follows the recent signing of the Conduct and Compensation Agreement (CCA) and the engagement of Eagle Drilling NQ Pty Ltd.

The official commencement of the drilling campaign advances the company’s exploration strategy to evaluate the large-scale porphyry copper-gold potential of the project.

Drilling Program Underway

Drilling commenced on 6 November 2025, with one rig currently operating on site to test defined targets defined through MIMDAS geophysics, geochemistry, and structural mapping undertaken by the company.

The initial drilling program will cover approximately 1,800m, comprising three combined RC and diamond holes. Depending on initial results, a potential fourth follow-up hole can be added to the program.

Review of Historical Drilling

Mount Clark West was previously drilled by Medusa Mining (MML) in 2019, which completed a four-hole program. One of these holes, MCDD002, intersected 104m at 0.1% copper, including 14m at 0.23% copper from 180m. The intersection occurred within altered volcanic rocks, which FEG has interpreted as the outer edge of a porphyry system. The current drilling campaign aims to further assess this potential.

Project Overview

The Mount Clark West Copper-Gold Project (EPM 26008) spans 1,912 hectares and lies within the highly prospective Connors Arc volcanic belt, an area known for hosting multiple Tier-1 deposits such as Mt Carlton and Cracow.

Magnetic and geochemical data from the site indicate the presence of a cluster of porphyry bodies, each with potential to host copper-gold mineralisation.

FEG shares were trading at AUD 0.15 per share at the time of writing on 7 November 2025.

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