Far East Gold starts scout drilling at Indonesian prospect

Far East Gold has commenced scout drilling at the highly prospective Aloe Eumpeuk prospect at its Woyla gold project in Indonesia.

It’s the same prospect where recent sampling of loose vein material from artisanal miner workings identified coarse visible gold and electrum in quartz veins containing sulphide-rich ginguro bands.

And it’s just 1.5km southwest of Rek Rinti which intersected peak assays of 78g/t gold and 631g/t silver back in February.

Far East Gold (ASX:FEG) says the scout drill program will cover six holes and 650m, with the planned holes testing two parallel veins over a strike length of 300m.

Two quartz veins to investigate

Detailed mapping by FEG geologists to date has returned bonanza grade peak results of 131g/t Au and 1,508g/t Ag associated with coarse visible gold in samples of quartz taken from artisanal mining pits.

Not to mention, historical trench sample assays reported by Barrick in 1997 returned 16m at 2.93g/t Au, 2g/t Ag, including 9m at 5.16g/t Au, 2.41g/t Ag including 1m at 28.3g/t Au, 9.9g/t Ag.

The company believes the Aloe Eumpeuk prospect area could host at least two quartz veins, and Newcrest geologists also noted similarities at the prospect to textures associated with high-grade vein sections within the Gosowong gold district in North Maluku – which hosts one of the largest gold mines in the country.

This article was developed in collaboration with Far East Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.