Hard-working Aussie goldie Far East just nailed the first two drill holes of Phase 1 drilling at the historic Anak Perak prospect within its Woyla copper-gold project in Indonesia.

FEG says the 2,560m, 18 hole program is probing the main zone vein system along 900m of strike length and aims to demonstrate Anak Perak’s dynamic resource potential.

When the first drill broke earth on the 19th of this month, it was the first time in the Woyla Project’s 25-year history.

To mark the event, Far East Gold (ASX:FEG) played host on Wednesday to the local community in an on-site religious and cultural festival, welcoming some 300 community guests to celebrate and acknowledge the landmark moment.

Meanwhile, FEG says Phase 1 is progressing as planned and has a stack of core samples in hand, which confirm the interpreted nature of the Anak Perak Main Zone vein system.

Preliminary observations

107 core samples from the first hole have been forwarded to the PT Geoservices-GeoAssay laboratory in Jakarta to undertake assays.

Core samples from the second hole will be forwarded within a week.

A second diamond drill rig arrived on site and is now working in tandem with the current drill rig to complete Phase 1.

The first two holes of the planned 18 holes of the diamond drill program have been completed. They were drilled within the same section to test the Anak Perak Main Zone vein at approximately 50m and 100m vertical depth.

The company says the clear presence of ginguro banding within the observed quartz vein core samples is of particular significance.

FEG says this is a textural feature common with high-grade epithermal-type vein deposits such as Gosowong in Indonesia (6Moz at grades of 20-40 g/t gold) and Hishikari in Japan (8Moz at grades of 30-40g/t gold).

 

3D image of the Anak Perak Main Zone area. The location of the first two completed drillholes is indicated (APD001/002). Pic: Supplied.

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.