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Far East Gold Ltd ( (AU:FEG) ) just unveiled an update.
Far East Gold Ltd has announced an extension to its drilling program at the Sua Prospect within the Idenburg Project in Papua Province, Indonesia, following promising assay results from its initial drilling. The company plans to drill five additional step-out diamond holes to explore the continuity of high-grade gold mineralization along strike and down-dip. This extension aims to further delineate the high-grade potential of the stacked quartz vein system, which remains open for exploration. The positive historic metallurgy suggests that the mineralization is amenable to conventional processing methods, potentially enhancing the project’s economic viability.
More about Far East Gold Ltd
Far East Gold Ltd operates in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing high-grade gold prospects, with a particular emphasis on projects in the Asia-Pacific region.
Average Trading Volume: 230,994
Technical Sentiment Signal: Buy
Current Market Cap: A$56.89M
For a thorough assessment of FEG stock, go to TipRanks’ Stock Analysis page.