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Far East Gold Ltd ( (AU:FEG) ) has shared an announcement.
Far East Gold Ltd has announced the discovery of new gold-bearing zones at the North Bermol prospect, which is part of the Idenburg Project. This discovery, characterized by mineralized quartz veins and boudins, suggests a significant exploration upside and potential for further high-grade gold discoveries across a 4km-long structural corridor. The identification of additional fault and shear zones enhances the company’s confidence in expanding their exploration efforts and resource potential, which could have positive implications for stakeholders and the company’s market positioning.
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 gold resources. The company is actively engaged in identifying and expanding high-grade gold mineralization zones, with a particular emphasis on the Idenburg Project.
Average Trading Volume: 132,826
Technical Sentiment Signal: Sell
Current Market Cap: A$55.05M
For a thorough assessment of FEG stock, go to TipRanks’ Stock Analysis page.