• Phase 2 drilling assays confirm the down-dip extension of high-grade gold-silver within the Rek Rinti prospect
  • Drilling has extended Rek Rinti’s ‘sweet spot’ by an additional 100m down-dip
  • Potential for additional, high-grade mineralisation remains open to the southwest

 

Special Report: After uncovering high-grade gold and silver at its Rek Rinti prospect, Far East Gold has now confirmed down-dip extensions within the Pertamina vein and Agam zone across >700m, which includes the bonanza grade results of 81g/t gold in hole AGM007.

With 242.6km of tenure in Indonesia’s Aceh region, Far East Gold’s (ASX:FEG) 51%-owned Woyla copper-gold project is shaping up to be quite the find, which had seen previous exploration work by majors Barrick Gold and Newcrest Mining.

However, the company managed to one-up both of the big players by securing approval to carry out advanced exploration activities – including drilling – at the project.

This has paid off in spades with high-grade intercepts of up to 81g/t gold and 1,359g/t silver intersected recently at Rek Rinti’s Pertama Vein, which is shown to be highly mineralised.

Far East Gold (ASX:FEG)
The interpreted Pertamina vein and cross sections from exploration drilling. Pic supplied: (FEG)

 

Assays confirm Rek Rinti’s ‘sweet spot’

Longer, thicker and deeper mineralisation has now been discovered from Phase 2 drilling assays at Rek Rinti, extending the ‘sweet spot’ zone of high-grade gold and silver mineralisation identified in drill holes RRD019 and RRD020 by an additional 100m down-dip within the Pertama vein.

Best results include:

  • 1.7m @ 4.74g/t gold and 53.82g/t silver from 78-79.7m; including 0.4m @ 15.93g/t gold, 108g/t silver from 79.3m in RRD027
  • 2.2m @ 7.44g/t gold and 40.6g/t silver from 103.2-105.4m; including 0.7m @ 14.27g/t gold, 87g/t silver from 104.7-105.4m in RRD028

These have indicated ~150m of vertical extension of the high-grade mineralisation and the potential for additional intersections as they remain open to the southwest.

Other targets recently tested as part of Phase 2 include an IP chargeable geophysical anomaly in the northwest area of the prospect which has been tested in holes RRD024 and RRD025.

FEG is continuing to evaluate areas of low magnetics along the trend of known veins at depth and along strike.

 

 

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.

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