- Far East Gold (FEG) strikes visible gold and electrum during a phase two resource delineation drill program at its Woyla project in Indonesia
- The company says this confirms the lateral extension of high-grade mineralisation with the project’s Agam zone
- Meanwhile, the company is gearing up to kick off a maiden six-hole scout drilling program at the Aloe Eumpeuk prospect in the area
- Previous sampling by FEG in this area revealed assays of up to 63 grams per tonne (g/t) gold and 1179 g/t silver
- FEG shares are down 1.72 per cent, trading at 28.5 cents at 1:10 pm AEDT
Far East Gold (FEG) has struck visible gold and electrum during a phase two resource delineation drill program at its Woyla project in Indonesia
Electrum is a naturally occurring alloy of gold and silver, often with trace amounts of other metals.
The mineralisation was identified within a quartz vein from a recent drill hole at the Rek Rinti prospect. FEG said it confirmed the lateral extension of high-grade mineralisation with the project’s Agam zone.
Portable x-ray fluorescence (pXRF) analyses indicated the presence of significant gold, silver, lead, and zinc together within the sulphide assemblage.
FEG said the mineralisation was consistent with the “bonanza” grade gold and silver mineralisation intercepted during the phase one scout drill hole 50 metres to the northeast.
Meanwhile, the company is gearing up to kick off a maiden six-hole scout drilling program at the Aloe Eumpeuk prospect in the area
FEG said the drilling was designed to test veins with high-grade gold and silver samples at the surface of the Aloe Eumpeuk area.
Previous sampling by FEG in this area revealed assays of up to 63 grams per tonne (g/t) gold and 1179 g/t silver.
Drilling is expected to commence at the Aloe Eumpeuk prospect before the end of this month.
FEG shares were down 1.72 per cent and trading at 28.5 cents at 1:10 pm AEDT.