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Far East Gold Ltd ( (AU:FEG) ) just unveiled an announcement.
Far East Gold Ltd has commenced the second phase of drilling at its Mount Clark West Copper-Gold Project in Queensland, following the signing of a Conduct and Compensation Agreement. This phase aims to confirm the large-scale porphyry copper-gold potential of the site, with initial drilling planned to test high-priority targets identified through recent geophysical and geochemical studies. The company believes these efforts could reveal a significant copper-gold discovery, enhancing its positioning in the Australian mining sector.
More about Far East Gold Ltd
Far East Gold Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold projects. The company is particularly focused on the Mount Clark West Copper-Gold Project in central Queensland, which is part of the Connors Arc volcanic belt known for hosting multiple Tier-1 deposits.
Average Trading Volume: 210,466
Technical Sentiment Signal: Sell
Current Market Cap: A$53.22M
For an in-depth examination of FEG stock, go to TipRanks’ Overview page.