An update from Far East Gold Ltd ( (AU:FEG) ) is now available.
Far East Gold Ltd has announced an extensive drilling program at its Idenburg gold project in Papua, aiming to expand its current inferred gold resource of 540,000 ounces. The program includes a 32-hole diamond drill initiative to enhance resource estimates and advance the project towards feasibility. The company plans to infill and expand resources at key prospect areas and conduct initial scout drilling at a new prospect, indicating significant potential for resource expansion. This initiative is seen as a pivotal step for Far East Gold Ltd, as it seeks to increase its gold resource base and strengthen its position in the mining industry.
More about Far East Gold Ltd
Far East Gold Ltd operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in expanding its gold resources and advancing its projects towards feasibility, with a significant focus on the Idenburg gold project in Papua.
YTD Price Performance: -19.44%
Average Trading Volume: 100,329
Technical Sentiment Signal: Hold
Current Market Cap: A$56.89M
See more data about FEG stock on TipRanks’ Stock Analysis page.