#bonanzagold

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Far East Gold’s success is underpinned by a well-planned drilling strategy designed to systematically test high-priority targets. Each drill hole builds upon previous geological insights, refining the understanding of gold distribution.

The fifth consecutive high-grade hit highlights the effectiveness of the company’s targeting methodology. Structural controls and favourable host rocks continue to deliver impressive gold intersections.

By extending mineralisation through step-out drilling, Far East Gold extends bonanza gold grades at Sua Prospect with fifth consecutive high-grade hit, validating its exploration approach. The results also suggest potential for additional high-grade zones beyond the current drill area.

Far East Gold Limited (ASX: FEG): Bonanza Gold Grades Extended at Idenburg’s Sua Prospect 🔥⛏️

Far East Gold has delivered its fifth consecutive high-grade gold intercept at the Sua Prospect within the Idenburg Gold Project in Papua, Indonesia, confirming a 50m lateral extension of bonanza-grade mineralisation and reinforcing the strength of the orogenic gold system.

🔥 Drill Highlights – KSD027

49.47 g/t Au over 4.85m from 73.85m

incl. 62.12 g/t Au over 3.85m

incl. 93 g/t Au over 1.0m

incl. 175 g/t Au over 0.55m

8.55 g/t Au over 1.7m from 14.4m

Confirms continuity of high-grade veins along strike and down-dip

📈 Why It Matters

5 of 5 drillholes intersected high-grade gold

Confirms a fertile orogenic lode system

High-grade zones remain open

Supports potential resource growth and upgrade

💬 Justin Werner, Non-Executive Chairman: “The more holes we drill, the more confidence we gain that Sua is a highly fertile gold system with substantial untested potential.”

🔄 What’s Next

Assays pending from 5 additional diamond holes

Follow-up drilling planned to extend mineralisation ~150m along strike

Infill drilling to support resource upgrade

📊 Investor Outlook

Far East Gold (ASX: FEG) last traded at $0.16, giving the Company a market capitalisation of approximately $55.05M. With a JORC (2012) Inferred Resource of ~540,000oz gold, including ~296,000oz at Sua, and repeated bonanza-grade drill results, the Company is well positioned for resource growth and potential upgrades. Ongoing drilling success and pending assays provide near-term catalysts across one of Indonesia’s most prospective orogenic gold belts.

🔗 Read more: https://colitco.com/far-east-gold-sua-bonanza-hit/

Far East Gold Limited (ASX: FEG) has reported bonanza-grade gold intersections from the Sua Prospect at its Idenburg Project in Papua, Indonesia, confirming continuity, extending mineralisation at depth and along strike, and strengthening the case for significant resource growth.

🔑 Key Highlights

Bonanza-grade gold intersected across multiple stacked veins at Sua

High-grade mineralisation confirmed and extended beyond historical drilling

KSD025 returned 8.42 g/t Au over 7.7m, including 34.65 g/t Au, plus a new deeper high-grade zone

KSD026 confirmed down-dip continuity, including 51 g/t Au over 0.5m

All 4 holes assayed to date contain bonanza-grade intervals

Mineralisation remains open along strike and at depth

More than 30 gold-bearing veins identified, enhancing scale potential

6 drill holes pending assays, targeting strike and depth extensions

Drilling already exceeding initial program objectives

📍 Project Context

Sua Prospect sits within the 5 km Sua–Afley shear zone

Existing JORC (2012) resource: 2.5Mt @ 3.7 g/t Au for 296koz

Located within the highly prospective Idenburg Inlier terrane, Papua

📊 Market Snapshot

Last price: $0.16

1-month performance: +14.29%

Market cap: $58.72M

⛏️ With bonanza-grade gold confirmed, strong geological continuity, and further assays pending, Far East Gold is building strong exploration momentum at Idenburg—well timed with gold trading near record highs.

📈 A high-grade gold story gaining traction as drilling accelerates.

Read More - https://colitco.com/far-east-gold-bonanza-idenburg-sua-prospect/

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