#visiblegold

Far East Gold has delivered another outstanding result at the Sua Prospect, with hole KSD024 intersecting 280 g/t Au over 0.4m, extending the bonanza-grade zone by 25 metres and confirming strong continuity of visible-gold mineralisation. Multiple high-grade intervals and coarse visible gold strengthen the potential for a major high-grade vein system at Idenburg.

🔥 Key Highlights (KSD024)

8.59 g/t Au over 35.5m from 23.5m

incl. 252.5 g/t Au over 0.8m

incl. 18 g/t Au over 3m

incl. 10.8 g/t Au over 2m

Extensive visible gold in quartz–sulphide veins

Bonanza grade zone extended 25m, open for a further 75m

Confirms and upgrades the earlier KSD023 discovery

Supports potential expansion of the 296koz @ 3.7 g/t Au inferred resource at Sua

A detailed technical breakdown from Head of Exploration Tedy Setiabudi is available via the FEG Investor Hub.

📈 Investor Outlook (One Paragraph)

With a share price of A$0.165 and market capitalisation of A$58.72M, Far East Gold continues to stand out in a strong gold market supported by record prices; the consistent delivery of bonanza-grade hits, visible gold, and expanding high-grade zones positions FEG for potential re-rating as Sua emerges as a high-quality, high-margin gold system with significant growth ahead.

Read More - https://colitco.com/far-east-gold-extends-high-grade-gold-zone/

The Sua Prospect is situated within a highly mineralized geological corridor that has historically demonstrated excellent potential for gold-bearing structures. With the latest drilling results revealing visible gold, geologists are increasingly optimistic about the continuity and quality of mineralization in the vicinity. The structural setting suggests the presence of hydrothermal systems capable of forming high-grade ore zones.

Visible gold is a rare and valuable indicator during the exploration phase, as it often signifies the possibility of rich gold veins that extend deeper or along strike. The identification of bonanza-grade intervals offers critical insights into the geological processes that took place in the region. These findings reinforce the belief that the Sua Prospect could evolve into a cornerstone asset within Australia’s dynamic mining sector.

Furthermore, the detailed logging and sampling carried out at the drilling sites support the interpretation of a robust mineralization system. The consistency of these findings adds confidence to the geological model and enables Far East Gold to plan future exploration phases with greater precision. As exploration continues, the likelihood of intersecting additional high-grade zones remains high.

The announcement that Far East Gold Intersects Bonanza-Grade Gold and Visible Gold at Sua Prospect carries profound economic implications for both the company and the Australian mining industry. Bonanza-grade gold discoveries are rare and can dramatically transform a junior exploration company into a major industry player.

Investors have taken note of this development, viewing it as a potential inflection point for the company’s valuation. The high-grade nature of the intersection means that future resource estimates could yield exceptionally robust economics, potentially reducing production costs and enhancing profitability.

Furthermore, the discovery strengthens Australia’s global position as a leading gold-producing nation. The country has consistently ranked among the top gold producers worldwide, and discoveries like those at the Sua Prospect reaffirm its geological wealth and exploration potential.