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Far East Gold Ltd ( (AU:FEG) ) has shared an update.
Far East Gold has reported new assay results from drillholes KSD028 to KSD035 at the Sua prospect within its Idenburg Gold Project in Papua, Indonesia. The latest drilling confirms extensions of shear-hosted gold zones, pushing mineralisation a further 100 metres down-dip and along strike to the northeast, with the system remaining open at depth and along strike.
Significant intercepts include multiple high-grade zones such as 10.29 grams per tonne gold over 1.65 metres in KSD033 and several mineralised intervals in KSD035, reinforcing the strength and continuity of the Sua system. These results underpin an ongoing update to the existing inferred mineral resource of 540,000 ounces at 4.1 grams per tonne gold and will guide a planned 2,350-metre drilling program aimed at resource expansion, signalling potential upside for the project’s scale and future development options.
The most recent analyst rating on (AU:FEG) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Far East Gold Ltd stock, see the AU:FEG Stock Forecast page.
More about Far East Gold Ltd
Far East Gold Ltd is an Australian-listed gold exploration company focused on advancing its Idenburg Gold Project in Papua, Indonesia. The company targets shear-hosted gold systems, aiming to expand its JORC-compliant resources through systematic drilling across key prospects such as Sua, with a view to building a significant high-grade gold inventory.
Average Trading Volume: 183,843
Technical Sentiment Signal: Hold
Current Market Cap: A$58.72M
Find detailed analytics on FEG stock on TipRanks’ Stock Analysis page.