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Highlights
- Latest drilling results from the extended shear-hosted gold mineralisation at the Sua prospect show around 100 metres down-dip and along strike.
- Significant gold intersections were reported from multiple drill holes, including 10.29 g/t Au over 1.65 metres in hole KSD033.
- A JORC 2012 resource update for the Idenburg project is underway, incorporating drill holes KSD023 to KSD035.
- FEG is planning the next phase of drilling at the prospect.
Far East Gold Limited’s (ASX:FEG) shares jumped 6.67% to trade at AUD 0.16 per share on 10 March 2026. The movement followed the release of new assay results from the extension drilling campaign at the Sua prospect within the Idenburg Gold Project in Indonesia. The program was designed to confirm the continuation of gold-bearing shear zones previously identified in both historical and recent drilling.
The latest assays confirmed the extension to known gold mineralisation. The company has also initiated a process to update the project’s JORC 2012 inferred mineral resource estimate, incorporating recent drilling results.
New Drill Results Extend Mineralisation
Assays from drillholes KSD028 to KSD035 extend the shear-zone hosted gold mineralised system by about 100m down-dip, with the zones remaining open at depth and along strike. The mineralisation is hosted within stacked quartz veins containing sulphides, a style that has been repeatedly intersected across the prospect.
Among the reported intersections were:
- KSD033: 10.29 g/t Au over 1.65m (from 17.1m to 18.75m) –
- 12 g/t Au over 8.60m (from 90.2m to 98.8m) including: -
- 55 g/t Au over 1.0m (from 97.2m to 98.2m)
- KSD034: 2.57 g/t Au over 3.90m (from 177m to 180.9m) including:
- 92 g/t Au over 1.0m (from 178m to 179m)
- KSD035: 5.24 g/t Au over 1.45m (from 142.75m to 144.2m) including
- 21 g/t Au over 0.95m (from 142.75m to 143.7m) and
- 73 g/t Au over 0.5m (from 177m to 177.5m) and
- 18 g/t Au over 7.40m (from 208.5m to 215.9m) including:
- 97 g/t Au over 0.60m (from 212.25m to 212.85m)
These results follow previously announced assays from holes KSD023 to KSD027, all of which intersected gold mineralisation within multiple stacked veins.
Step-Out Drilling Tests Strike Continuity
Several step-out holes were drilled to test the extent of mineralisation within the shear zones. Holes KSD028 and KSD029 extended drilling to the east of earlier holes.
Drilling in the central zone also confirmed mineralisation continuity. Hole KSD030 intersected 8 g/t Au over 0.5 metres within a broader 32-metre mineralised shear zone, highlighting the scale potential of the system. Holes KSD031–032 intersected 1g/t Au over 2.9m, highlighting strike continuity.
The most recent holes—KSD033 to KSD035—continued to expand the high-grade mineralisation footprint further 100m down-dip.
Resource Update and Exploration Plans
SMG Consultants Ltd has been engaged to update the JORC 2012 inferred mineral resource estimate for the Idenburg project, which currently stands at 540,000 ounces of gold at 4.1 g/t. The revised estimate will incorporate drill results from the latest program at the Sua prospect.
To date, 14 drill holes totalling 2,925m have been finalised at Sua. Assay results for hole KSD036 remain pending.
Preparations for the next phase of drilling at the prospect is in progress and will focus on expanding the resource base. The program is expected to include approximately 2,350m of drilling.
In addition, surface mapping is underway at the Kwaplu prospect, located southwest of Sua, to identify targets for an initial scout drilling campaign.
The latest drilling results at the Sua prospect indicate continued extensions of shear-hosted gold mineralisation within the Idenburg Gold Project. With additional assays pending and a resource update in progress, Far East Gold is preparing the next stage of exploration aimed at evaluating further down-dip and along-strike extensions of the mineralised system.
