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The latest update is out from Far East Gold Ltd ( (AU:FEG) ).
Far East Gold Limited has announced promising initial results from its Phase 1 drilling program at the Bermol prospect within the Idenburg Project in Papua, Indonesia. The drilling has confirmed gold-bearing structures and identified new areas of mineralization, suggesting the potential to expand beyond current resource boundaries. These developments enhance the project’s scale and grade potential, with further drilling planned at North Bermol and other high-priority prospects, positioning the company for significant growth in its gold exploration endeavors.
More about Far East Gold Ltd
Far East Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects primarily in Papua, Indonesia, with a significant emphasis on the Idenburg Project, which aims to expand its gold resources.
Average Trading Volume: 116,413
Technical Sentiment Signal: Buy
Current Market Cap: A$67.9M
For an in-depth examination of FEG stock, go to TipRanks’ Overview page.