Far East Gold Ltd ( (AU:FEG) ) has issued an update.
Far East Gold Ltd has announced the discovery of a new high-grade gold zone at its Idenburg project, located 1.2km east of the Bermol prospect area. This discovery, with assays up to 53 g/t Au, confirms the resource potential at Idenburg and supports the need for further exploration. The company plans a 3,670m diamond drill program to expand its current resource estimate and explore new zones of mineralization. The discovery is expected to enhance the company’s operations by potentially increasing its gold and silver resources, thereby strengthening its position in the mining industry and offering promising implications for stakeholders.
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 and other mineral resources. The company is primarily engaged in identifying and expanding high-grade gold zones, with a significant market focus on under-explored areas with potential for resource expansion.
YTD Price Performance: -33.33%
Average Trading Volume: 108,114
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$49.55M
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