AUS
NZ
UK
CA
USA
IND
Highlights
- FEG has signed a Conduct and Compensation Agreement (CCA) with landowners for the Mount Clark West Copper-Gold Project in Queensland.
- The agreement allows the company to begin preparations for the drilling program expected to commence in early November 2025.
- Eagle Drilling NQ Pty Ltd has been contracted for a minimum three-hole, 1,800m combined RC and diamond drilling program.
- The drilling will test three geophysical targets identified from previous exploration, geophysical, and geochemical surveys.
Far East Gold Limited (ASX:FEG) has signed a Conduct and Compensation Agreement (CCA) with landowners, marking a key milestone in preparation for the upcoming drilling program at its Mount Clark West (MCW) Copper-Gold Project in Queensland.
The company has contracted Eagle Drilling NQ Pty Ltd to complete a minimum three-hole, 1,800m combined diamond and reverse circulation (RC) drill program. The drilling will focus on three geophysical targets identified from previous exploration, geophysical and geochemical surveys and assessment undertaken by the company. The drilling activities are scheduled to begin in early November 2025.
Porphyry Targets Defined
To delineate the extents of potential porphyry targets, the company conducted a comprehensive 21-line kilometre MIMDAS deep ground-penetrating geophysics survey. The results, integrated with historical soil geochemistry, rock chip sampling, and ground magnetic data, outlined several prospective targets.
From these findings, the company selected three priority drill targets, each represented by a circular low magnetic zone approximately 500m wide, surrounded by high chargeability and magnetic anomalies in part related to copper-molybdenum-in-soil geochemical anomalies. The company believes these results indicate the potential presence of mineralised porphyry systems.
Previous Exploration Results
Earlier drilling at Mount Clark West intersected low-grade copper mineralisation within altered volcanic rocks. Notably, hole MCDD002 returned 104m at 0.1% copper from 114m, including a higher-grade section of 14m at 0.23% copper from 180m.
These intersections are interpreted to lie in proximity to a potential mineralised porphyry system.
Mount Clark West Project Overview
The project (EPM26008) spans 1,912 hectares and is situated about 24 kilometres north of Nebo in central Queensland. The project lies on the boundary between the Connors Arc Carboniferous volcanic rocks to the east and the Permo-Triassic sediments of the Bowen Basin to the west.
The Connors Arc is a well-known mineralised corridor that hosts several large (>1Moz) epithermal-type gold-silver deposits, including the high-sulphidation Mt Carlton deposit to the north and the low-sulphidation Cracow deposit to the south. Despite this potential, the region has not been extensively explored for porphyry-style copper-gold systems — the central focus of the company’s exploration program.
FEG shares were trading at AUD 0.135 per share at the time of writing on 15 October 2025.
