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Far East Gold Ltd ( (AU:FEG) ) has shared an update.
Far East Gold Ltd has commenced drilling at the North Bermol prospect, part of its Idenburg exploration campaign, following promising results from surface mapping and rock sampling. The initial 17-hole scout drilling program aims to explore gold-bearing structures, with high-grade assays reinforcing the potential of the Bermol–North Bermol corridor to host multiple mineralized zones. The company is also preparing to start drilling at the nearby Sua prospect, indicating a series of near-term catalysts for stakeholders, as these efforts could lead to significant discoveries in one of the region’s most prospective gold corridors.
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 identifying and developing high-grade gold prospects, with a particular focus on the Idenburg project.
Average Trading Volume: 166,928
Technical Sentiment Signal: Sell
Current Market Cap: A$47.71M
For a thorough assessment of FEG stock, go to TipRanks’ Stock Analysis page.