Far East Gold Intersects Bonanza-Grade Gold and Visible Gold at Sua Prospect


 Far East Gold Limited (ASX: FEG) has reported excellent results from its flagship Idenburg Gold Project, Papua Province, Indonesia.

At the Sua Prospect, the first drill hole (KSD023) returned very high-grade intersections:

131 g/t Au over 0.8 m (24.5m-25.3m)
 180 g/t Au over 0.4 m (24.9m-25.3m)
24.08 g/t Au over 5.3 m (20m-25.3m)
13.77 g/t Au over 9.8 m (18.5m-28.3m)

Visible (“coarse”) gold was observed in multiple quartz-sulphide veins in the drill core—an encouraging indicator of high-grade enrichment.

Geological & Project Significance

The drill hole KSD023 was designed to twin a historical hole (KSD002) that had returned 11 g/t Au over 11 m from 18m depth; the new hole replicated and exceeded that result.

The mineralisation is hosted in a system of stacked milky-quartz veins with sulphides, within the 5 km long Sua-Afley shear zone—offering potential for further high-grade shoots along strike and at depth.

Historical drilling at the prospect includes:

KSD002: 7.5m at 13.6 g/t Au from 21m

KSD008: 5m at 21.8 g/t Au from 107m, including 3m at 35 g/t

KSD013: 6m at 8.22 g/t Au, including 2m at 52.3 g/t from 13m

The current inferred resource at Idenburg is ~540,000 oz at an average grade of 4.1 g/t Au; within that, the Sua prospect is estimated at ~296,000 oz at ~3.7 g/t Au.

Metallurgical tests on surface and drill-core samples from Sua show: circa 50-60% of the gold is recoverable by gravity, and overall recoveries via cyanide-in-leach (CIL) or resin-in-leach (RIL) exceed 90%.

What’s Next & Investor Outlook

Far East Gold is now undertaking a 10-hole diamond drill programme (total ~1,820m) at Sua: drilling at tighter spacing (~50 m) to both confirm lateral continuity and step-out along strike and at depth.

A nearby prospect, Kwaplu Prospect (~1 km west of Sua), is also being mapped and sampled; historical soil anomalies and surface quartz-sulphide veins suggest further upside potential though no drilling yet.

The timing of the announcement is favourable, aligned with a gold market rally (spot gold up ~6% over the past month, ~48% over the year) which enhances junior-explorer appeal.

The company’s share price responded positively to the results; with the validation of the historical data and the appearance of visible gold, the project is now seen as having “tier one gold development potential”.

Key Takeaways

The very high grades (131 g/t & 180 g/t) over narrow widths are impressive and uncommon.

Visible gold is a strong indicator of high-grade zones and makes the exploration model more compelling.

The project appears de-risked in that the historical drilling has been confirmed, allowing the company to shift into expansion mode.

The setting (stacked quartz-sulphide veins in a major shear zone) is prospective for further discoveries along strike and at depth.

 

While the resource base is still relatively modest, the recent results and upcoming drill programme give clear catalysts for resource growth.

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