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An announcement from Far East Gold Ltd ( (AU:FEG) ) is now available.
Far East Gold Ltd has announced the discovery of high-grade gold mineralization across multiple prospects within its Idenburg Project, specifically in the North Bermol, South Bermol, and Nova areas. Detailed geological mapping and field sampling have revealed new zones of mineralized quartz veining associated with low-angle shear-fault systems, with assay results showing promising gold grades. The findings underscore the district-scale potential of the project and support the company’s aggressive exploration strategy to define new gold zones and expand its resource base. The ongoing drilling campaign, supported by two drill rigs, continues to yield encouraging results, reinforcing the company’s interpretation of multiple shear-related gold systems within the project area.
More about Far East Gold Ltd
Far East Gold Ltd operates in the mining industry, focusing on the exploration and development of gold mineralization. The company is primarily engaged in identifying and expanding gold resources within its flagship Idenburg Project, which is situated in a region with significant potential for gold discoveries.
Average Trading Volume: 218,148
Technical Sentiment Signal: Buy
Current Market Cap: A$58.72M
Learn more about FEG stock on TipRanks’ Stock Analysis page.