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Far East Gold Ltd ( (AU:FEG) ) has issued an announcement.
Far East Gold Ltd has commenced diamond drilling at the high-grade Sua prospect, part of its Idenburg project in Papua Province, Indonesia. This program aims to confirm and extend high-grade gold zones identified in historical drilling, potentially defining a significant high-grade system. The drilling at Sua, alongside the North Bermol program, positions Far East Gold to advance two promising prospects, showcasing the scale and continuity needed for a world-class gold project. The company is optimistic about the project’s potential, supported by historical data showing high-grade gold intercepts and promising metallurgical recovery rates.
More about Far East Gold Ltd
Far East Gold Ltd is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is engaged in advancing high-grade gold targets, particularly in the Idenburg Contract of Work located in Papua Province, Indonesia.
Average Trading Volume: 188,156
Technical Sentiment Signal: Sell
Current Market Cap: A$47.71M
See more data about FEG stock on TipRanks’ Stock Analysis page.