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Far East Gold Ltd ( (AU:FEG) ) has shared an announcement.
Far East Gold Ltd has announced a significant gold discovery at the North Bermol prospect within the Idenburg project in Papua Province, Indonesia. The discovery of a high-grade shear zone suggests the potential for multiple mineralized systems, reinforcing the project’s district-scale potential. This new find, along with ongoing exploration at other prospects like Sua and Kwaplu, positions the company to expand its gold resource base significantly. With a robust financial position, Far East Gold is well-equipped to continue advancing its exploration efforts, potentially enhancing its standing in the gold exploration industry.
More about Far East Gold Ltd
Far East Gold Ltd is an exploration company focused on discovering and developing gold resources. The company operates primarily in the Papua Province of Indonesia, targeting district-scale gold systems, with a strong emphasis on the Idenburg project.
Average Trading Volume: 211,873
Technical Sentiment Signal: Sell
Current Market Cap: A$47.71M
For detailed information about FEG stock, go to TipRanks’ Stock Analysis page.