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Far East Gold Ltd ( (AU:FEG) ) just unveiled an announcement.
Far East Gold Ltd has announced promising assay results from its drilling program at the Sua Prospect within the Idenburg Gold Project in Papua Province, Indonesia. The latest drill hole, KSD024, revealed high-grade gold intersections, extending the known zone of mineralization by at least 25 meters. This discovery, featuring visible coarse gold, suggests significant potential for further high-grade discoveries within the 5km long Sua–Afley shear zone. The results reinforce the geological interpretation of the area and highlight the potential for resource development, which could enhance the company’s market positioning and offer substantial benefits to stakeholders.
More about Far East Gold Ltd
Far East Gold Ltd is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is engaged in projects primarily located in Papua Province, Indonesia, with a significant emphasis on the Idenburg Gold Project.
Average Trading Volume: 236,461
Technical Sentiment Signal: Buy
Current Market Cap: A$58.72M
For detailed information about FEG stock, go to TipRanks’ Stock Analysis page.