Exploration and work activities update for Far East Gold (ASX: $FEG) for the quarter ended 31 March 2024

Far East Gold Ltd (FEG) (ASX: $FEG) has released its exploration and work activities update for the quarter ended 31 March 2024. The company provided an update on its exploration and work activities completed across its highly prospective portfolio of Indonesian and Australian projects. The report includes details on the Woyla Copper Gold Project in Indonesia and the Reedy Creek project in Australia.

Executive Commentary on Exploration Activities

The Company continued to test epithermal quartz vein targets within the Woyla Copper Gold Project's 24,260ha Contract of Work (COW) tenement. The completed UAV magnetic and Lidar survey continues to provide important details of the structures that controlled development of the quartz vein zones and also the occurrence of high-grade gold-silver mineralisation within the veins. The Company also negotiated Deeds of Amendment for all three Australian projects upon notice that it satisfied the earn-in expenditure obligations to retain its 90% interest in the projects. Additionally, the Company entered into a new Earn-in Agreement and fully acquired a 90% interest in the Reedy Creek project.

Summary of Exploration Update and Outlook

Far East Gold Ltd (FEG) provided an update on its exploration and work activities for the quarter ended 31 March 2024. The company continued to focus on testing epithermal quartz vein targets within the Woyla Copper Gold Project in Indonesia and completed a UAV magnetic and Lidar survey to gain important details of the structures controlling the development of quartz vein zones. Additionally, the company negotiated Deeds of Amendment for its Australian projects and fully acquired a 90% interest in the Reedy Creek project. The company's outlook includes further exploration and drilling activities at priority vein targets and continued evaluation of priority areas for the planned scout drilling program in Indonesia. In Australia, the company plans to apply for 'Exploration Project' status for its three contiguous EPMs, providing greater flexibility in managing these tenements.