Resource Expansion Hinges on Pending Assays as High-Grade Zones Remain Open

Confirming Historical High-Grade Gold Zones

Far East Gold Limited (ASX, FEG) has released assay results from its recent drilling campaign at the Sua prospect within the Idenburg Contract of Work (CoW) license in Papua, Indonesia. The latest drillholes, KSD025 and KSD026, were designed to twin and extend a previously identified high-grade gold zone first intersected in historical hole KSD008. The results have not only confirmed the presence of high-grade mineralisation but have also revealed new, deeper zones of significant gold grades.

Bonanza-Grade Intervals Across Multiple Veins

To date, four drillholes from the current program have returned bonanza-grade gold intervals. Highlights include KSD025 intersecting 8.42 grams per tonne (g/t) gold over 7.7 meters, including a 0.6-meter section grading 35.29 g/t, and a deeper zone of 26.43 g/t over 0.5 meters. KSD026 extended these findings down-dip, with 8.82 g/t over 4.5 meters, including an exceptional 51 g/t over 0.5 meters. These results underscore the complex stacked vein system hosting the mineralisation, with over 30 individual gold-bearing quartz veins identified within the prospect.

Resource Potential and Exploration Outlook

The Sua vein system lies within the 5-kilometer-long Sua–Afley shear zone, a structural feature that suggests significant potential for further high-grade discoveries. The current inferred mineral resource estimate for Sua stands at approximately 2.5 million tonnes at an average grade of 3.7 g/t gold, equating to nearly 300,000 ounces. Far East Gold’s drilling program has exceeded its initial objectives by confirming and extending mineralisation both laterally and at depth, with the high-grade zones remaining open for further expansion.

Strategic Next Steps

With six drillholes still pending assay results, the company is poised to refine and potentially upgrade the resource estimate. Future drilling will focus on extending mineralised zones down-dip and along strike, as well as exploring the nearby Kwaplu prospect. The presence of coarse visible gold in earlier holes and consistent bonanza-grade intervals reinforces the prospect’s economic potential and supports Far East Gold’s interpretation of Idenburg as a significant gold resource.

Industry and Market Implications

These results come at a time when high-grade discoveries are increasingly prized for their potential to underpin economically viable mining operations. Far East Gold’s methodical approach to twinning historical holes and systematically extending mineralised zones demonstrates a disciplined exploration strategy that could enhance shareholder value as the project advances.