Far East Gold (ASX: FEG) is wasting no time advancing their flagship Woyla project. After making a major greenfield discovery in December last year, the company now has three rigs operating at two of the project’s prospects, with the goal of defining a resource. All assays from the phase one drilling campaign have been received, and reaffirm the company’s belief that Woyla is highly prospective to contain a high-grade gold and silver epithermal deposit.

A standout assay (RRD004) of considerable width intersected at Rek Rinti came in at 30m @ 3.43g/t AuEq from 98m, including 8.1m @ 8.9g/t AuEq from 102.4m and 2m @ 27g/t AuEq from 108m. Another significant discovery hole at Rek Rinti returned 13m @ 4.9g/t Au, 68.6g/t Ag including 7.6m @ 8.1g/t Au, 113.8g/t Ag and 0.5m @ 78g/t Au, 631g/t Ag. 

Anak Perak also came back with significant assays, intersecting 10.75m @ 3.2g/t Au, 10.4g/t Ag, including 3.5m @ 7.8g/t Au, 17.5g/t Ag and 0.3m @ 24.91g/t Au, 25.2g/t Ag.

FEG will be drilling at 50m spacing centered on drill section RRD004 and RRD007 in the Agam  vein. If continuity of high-grade zones intersected in RRD004 is confirmed in the first several holes, the program would effectively continue as a resource delineation drilI program.  An initial resource block of approximately 525m length will be tested to 150m depth.

The Phase 1 scout drill program at Rek Rinti was successful in that it confirmed the interpreted extent and expected characteristics of the vein-breccia zones as mapped on the surface. The drilling also confirmed the Rek Rinti veins where drilled, to locally contain significant grades of gold and silver mineralisation associated with vein textures (crustiform, colloform banding) and styles of mineralisation (ginguro bands) typical of high-grade vein systems.

Importantly, FEG reported that the mineralised zones intercepted remain open along strike and to depth. So the close spaced (50m) drilling plan is warranted until an end to the mineralisation is found, in order to accurately define the zone dimensions.

Phase 2 drilling underway at Woyla

On 19 January 2023, FEG commenced its Phase 2 diamond drill program at Woyla. There is a total of 5,000m of drilling planned for Rek Rinti this time around, with new vein systems also being tested, including the Rame and Bohay vein systems. The company has identified areas in Rame where there has been artisanal mining, which will form part of their plan to identify drill targets.

There is also an additional 5,000m scout drilling program planned for Anak Perak, Rek Rinti and Aloe Eumpuek. The company is still completing surface mapping to nail down all the targets, but high-grade gold and silver ginguro branded vein material has already been identified at Aloe Eumpuek, just south of Rek Rinti. 

The company also has a better understanding of the optimal core cutting for Woyla and expects faster turnaround times for assays.

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Sources

• • FEG ASX Announcement, Woyla Project Update
  • Small cap investor, A Beginner’s Guide To Interpreting Drill Results