Far East Gold Limited Launches 36-Hole Drilling Campaign in Papua to Expand Gold Resources and Target 7.2Moz Exploration Potential

Thursday, June 5, 2025
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8:53 am
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Far East Gold Limited has launched a 36‐hole, 3,670m drilling campaign at its Idenburg Gold Project in Papua, Indonesia. Two rigs are active at the Bermol prospect, targeting infill and expansion to boost high-grade resource estimates and enhance shareholder value.

Far East Gold Limited has initiated an ambitious drilling campaign on its Idenburg Gold Project in Papua, Indonesia, with two diamond rigs now active at the Bermol prospect. The company is set to execute a 36‐hole, 3,670 meter drill program targeting infill and resource expansion within the Sua, Mafi, and Bermol prospects, while also commencing exploration at the Kwaplu prospect. In addition to expanding the resource base, the campaign will generate core composite samples for advanced metallurgical testing, a key step in assessing the project’s overall viability. This drilling initiative builds on a JORC-compliant inferred resource of 540,000 ounces of gold at 4.1 g/t and aims to validate an expansive Exploration Target of up to 7.2 million ounces at 6.1 g/t. Historical drilling results have shown promising grades, including notable intercepts such as 5 meters at 21.8 g/t gold from the Sua prospect and several high-grade intervals at the Mafi and Bermol prospects. Most notably, the Bermol prospect has already produced encouraging results, such as 5 meters at 5.40 g/t gold, and historical sampling at the Kwaplu prospect has recorded exceptionally high gold concentrations in quartz boulder assays. The company’s exploration approach is methodically designed to extend the known gold mineralisation. Detailed mapping and drill core logging indicate that the deposit exhibits typical orogenic, or mesothermal, lode gold characteristics where coarse, high-nugget gold is present. Far East Gold Limited has engaged Murphy Geological Services to complete a structural evaluation of the Idenburg camp, a study expected to provide critical insights into the geological controls on mineralisation and aid in further refinement of exploration targets early in the second quarter of 2025. A bullish perspective on this development is supported by the robust historical data and the strategic targeting of multiple prospect areas, which could significantly enhance the company’s overall gold resource base and deliver additional shareholder value. The active drill campaign, conducted across several prospective zones, suggests that Far East Gold Limited is well positioned to potentially unlock substantial value in an attractive geotectonic region. On the cautious side, the inherent risks of resource expansion in a complex geological setting remain. The presence of coarse gold, which can introduce assay challenges, alongside the technical difficulties of accurately mapping and extending mineralised fault zones, may lead to variable results. Investors should consider that, while the drilling campaign carries substantial upside, it also involves typical exploration uncertainties in remote and geologically intricate terrains. Far East Gold Limited’s latest campaign marks a significant step toward unlocking the full potential of the Idenburg project, setting the stage for further developments that could reshape its resource estimates in the near term.

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