Far East Gold's resource update

Far East Gold (ASX:FEG) has unveiled an amended JORC Resource Report for its Idenburg Project in Papua, Indonesia. The report estimates an inferred mineral resource of 4.1 million tonnes at an average grade of 4.1 g/t gold and 3.6 g/t silver. This translates to 540,000 ounces of gold and 468,000 ounces of silver. The estimation was based on historical data and new topographic surveys.

Idenburg Project potential and outlook

The amended JORC Resource Report for Far East Gold's Idenburg Project highlights a significant inferred mineral resource of 540,000 ounces of gold and 468,000 ounces of silver. The resource estimation leverages historical drillhole data and new topographic surveys, without additional drilling. Strategically located near the Trans Irian Highway, the project benefits from logistical advantages. With only a fraction of the area explored, there is substantial potential for resource expansion. The company plans to focus on further exploration, including detailed geological mapping and a Phase 1 drill program, to maximize the project's potential. Far East Gold aims to enhance its exploration and development efforts while maintaining compliance with environmental and regulatory requirements.

Executive insights on Idenburg Project

The amended JORC Resource Report for the Idenburg Project underscores the significant exploration potential of this strategically located project. With only 30% of the CoW area explored, we foresee substantial opportunities for resource expansion. Our focus remains on detailed mapping, sampling, and advancing the Phase 1 drill program to unlock the full potential of this promising asset.