Far East Gold (ASX: FEG) Announces High Grade Gold Discovery at North Bermol Confirming Idenburg’s District Scale Potential
Far East Gold Limited (ASX: FEG) has announced a significant new high grade gold discovery at the North Bermol Prospect, part of its Idenburg Contract of Work in Papua Province, Indonesia. The discovery confirms strong potential for multiple mineralised systems across Idenburg, underscoring its district scale opportunity.
Key Highlights
New Discovery: High grade gold identified in a newly discovered northwest trending shear zone at North Bermol, hosting quartz veins and coarse sulphides similar to Bermol.
Strong Assay Results:
BND003 – 2.6m at 3.9 g/t Au from 11.3m, including 0.5m at 15 g/t Au
BND004 – 5m at 4.9 g/t Au from 23.5m, including 1.6m at 12.8 g/t Au
BND005 – 2.8m at 8.4 g/t Au from 32m, including 1.6m at 12.3 g/t Au
Expanding the Gold Footprint: Discovery of the North Bermol shear zone opens up a new resource area within the Idenburg COW, generating multiple new high priority drill targets.
Pending Results: Further assays from seven holes are awaited, testing for extensions of the shear zone and high grade surface samples up to 53 g/t Au.
CEO Comment
Shane Menere, CEO: “These results are extremely significant. With similar high grade intercepts and structural characteristics as Bermol, North Bermol confirms that Idenburg hosts a genuine district scale gold system with multiple open pit targets. With drilling underway at Sua and Kwaplu, and a strong balance sheet, we are well positioned to accelerate exploration and unlock further value.”
đź“Š Last Price: A$0.135 đź’° Market Cap: A$49.54M
Read More - https://colitco.com/far-east-gold-north-bermol-high-grade-gold-discovery/
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