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Far East Gold Ltd ( (AU:FEG) ) has shared an announcement.
Far East Gold reported a strong March quarter driven by intensive drilling and fieldwork at its Idenburg gold project in Papua, Indonesia, where efforts centred on the Sua and North Bermol prospects. The company also completed initial drilling at its Mount Clark West tenement in Queensland, targeting defined geophysical anomalies.
Regulatory momentum advanced with the granting of an Indonesian UKL-UPL environmental approval for advanced exploration, a key prerequisite for the PPKH approval needed to progress Idenburg toward development. Preliminary metallurgical tests from the Sua prospect showed high gold recoveries of 94–96% with more than half as gravity recoverable, indicating a potentially simple, low-cost processing route.
Drilling at the Sua prospect returned multiple high-grade intercepts, including intervals with very high gold grades and coarse visible gold, confirming continuity of mineralised zones at depth and along strike and supporting plans to update the mineral resource estimate. At North Bermol, the completion of a 25-hole program and receipt of all assays confirmed extensive near-surface gold mineralisation in a deformed thrust fault–shear zone, reinforcing the broader resource potential of the Idenburg corridor.
More about Far East Gold Ltd
Far East Gold Ltd is an exploration company focused on gold projects in the Asia-Pacific region, with key assets including the Idenburg project in Papua, Indonesia, and the Mount Clark West tenement in Queensland, Australia. The company targets high-grade gold mineralisation and aims to advance projects from exploration toward potential development through drilling, resource expansion and metallurgical testing.
Average Trading Volume: 120,741
Technical Sentiment Signal: Sell
Current Market Cap: A$45.88M
For detailed information about FEG stock, go to TipRanks’ Stock Analysis page.