Far East Gold (ASX:FEG) extends bonanza-grade mineralisation at the Idenburg Project

Far East Gold has strengthened the geological case at its Idenburg Gold Project in Papua Province, Indonesia, after new drilling at the Sua Prospect intersected a wide zone of high-grade gold that includes coarse visible gold and confirms continuity between historical and recent drillholes.

The latest assay results further advance the company’s understanding of the stacked vein system that underpins the project’s existing JORC inferred mineral resource.

Highlights

• KSD024 intersected 8.59 g/t gold over 35.5m from 23.5m.

• Included in this interval is 280 g/t gold over 0.4m, and 252.5 g/t gold over 0.8m.

• Confirms a minimum 25m extension of high-grade mineralisation identified in KSD023.

• Zone remains open along strike for a further 75m to historical hole KSD001.

• More than 30 individual gold-bearing quartz veins identified at Sua.

• Idenburg hosts a JORC 2012 inferred mineral resource of approximately 540,000 ounces at 4.1 g/t, including 296,000 ounces at 3.7 g/t within Sua.

The Idenburg Project again demonstrates its capacity to deliver high-grade results from near surface, with diamond drillhole KSD024 returning one of the strongest intervals yet recorded at the Sua Prospect.

The hole was drilled 25 metres east of KSD023, which previously intersected visible gold within a near-surface interval of 13.77 g/t gold over 9.8 metres.

KSD024 reinforces the lateral continuity of these high-grade zones and provides important infill data between historical holes completed on 100 metre spacing.

The hole intersected coarse visible gold within a quartz sulphide breccia, a rock type that has not been widely documented at Sua previously.

The compiled interval of 8.59 g/t gold over 35.5 metres from 23.5 metres depth represents a substantial addition to the geological understanding of the stacked milky quartz and sulphide vein system that characterises the prospect.

The broader Sua vein system sits within the 5 kilometre long Sua–Afley shear zone, which hosts more than 30 individual gold-bearing veins and indicates considerable structural complexity across the target footprint.

The company’s drilling strategy is designed to confirm geological interpretations from historical work and to progressively define the continuity of mineralised zones, with six holes totalling 1,130 metres completed to date in a program that plans for ten holes totalling 1,820 metres.

The results from KSD024 expand the high-grade zone, which remains open along strike for a further 75 metres towards historical hole KSD001, where earlier drilling intersected 1.75 g/t gold over 25 metres including 18 g/t over 1 metre.

The significance of the new intercepts was underscored by Far East Gold‘s Non-Executive Chairman, Justin Werner, who stated:

“The intercept in KSD024 reinforces the geological interpretation for Sua and demonstrates continuity of high-grade mineralisation along strike. Importantly, these high-grade results are occurring near surface, in stacked veins and remain open in several directions. Our focus now is on continuing the disciplined drilling needed to determine the extent of this zone.”

The continued confirmation of high-grade intervals with coarse visible gold at Sua strengthens the basis of the existing inferred mineral resource and provides important direction for forthcoming drilling.

With the high-grade zone remaining open and additional step-out holes planned, the current program is positioned to further clarify both the scale and structural controls of the mineralised system within the broader Idenburg Contract of Work area.

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