New rock chip sampling is returning Far East some bonanza gold assays – extending the bulging Anak Perak vein system at its flagship Woyla Indonesian project by 2.6km to the north.

A sample of vein material collected from artisanal mining pit at Anak Perak, which now stretches over 4.7km and remains open to the north, returned a hit of 68 grams per tonne (g/t) gold, 533g/t silver, 4.84% zinc, 3.64% lead and 0.8% copper.

Separately, sampling of a sulphide-rich zone within the vein system returned an assay of 38% lead, 1.8% copper, 1.7% zinc, 96g/t silver and 0.86g/t gold.

Far East Gold’s (ASX:FEG) work has also uncovered the new Anak Perak North vein about 1.1km north of the Anak Perak main vein zone after its geologists discovered exposed quartz vein and breccia.

This vein can be traced over 400m of strike within an indicated width of 8m while a rock chip assay returned up to 7g/t gold and 18g/t silver.

While further sampling about 1.5km to the north of this new find found narrow, low-grade quartz veins, the results indicate that this area is still mineralised while the area between the two new discoveries is covered by unconsolidated sediment cover.

These new discoveries extend the Anak Perak prospect’s vein system to 4.7km in length, effectively doubling the potential resource area.  The additional vein extension at Anak Perak North increases the total combined length of the defined epithermal veins systems at the Woyla project to 13,000 meters.

The confirmation of vein extensions also provides confidence that detailed exploration could extend and potentially connect the other vein systems at Woyla, which the newly-listed company considers to be a potential Tier 1 gold project.

 

Upcoming work

Far East plans to further investigate the extent and potential resource significance of the sulphide-rich mineralisation where high concentrations of copper, lead and zinc appear to be associated with high grade gold and silver.

It is also planning future ground geophysics to confirm vein continuity and define drill targets between the Anak Perak North vein and the narrow, low-grade veins further to the north.

Chairman of Far East Gold, Paul Walker, will be holding an investor briefing this Thursday 14 April at 1pm (AEST) to provide a company update. Click here to register for the briefing.

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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