Further high-grade copper and gold findings for Far East Gold

Mining exploration company Far East Gold has confirmed high-grade gold and copper mineralisation with detailed geological mapping of their key Trenggalek Copper Gold project in Indonesia.

Mining exploration company Far East Gold has confirmed high-grade gold and copper mineralisation with detailed geological mapping of their key Trenggalek Copper Gold project in Indonesia.

Initial field mapping and surface rock sampling of FEG’s planned drill targets at the Sentul and Buluroto prospect areas, shows high-grade mineralisation within the East and West Sentul vein systems.

The results of the Sentul mapping are consistent with historical exploration and suggest the potential for high grade gold and silver mineralisation within the vein systems associated with discrete structural zones.

Sentul Prospect: Gold Silver Vein Target

Several rock assays from surface grab samples from the Sentul prospect areas returned significant findings.  

One sample from the extensional Arum vein southeast of the West Sentul vein returned significant copper concentration with an assay of 0.84% copper with 1.6g/t gold and 79 g/t silver.

Another surface grab sample from a section of massive crystalline to chalcedonic quartz contained high-grade gold with an assay of 20.8g/t gold, as well as 9.7 g/t silver.

Other significant results in the West Sentul vein included high-grade gold and silver assays from veins consistent with those intersected by historical drilling. 

In the East Sentul vein, two of the samples indicate the occurrence of high-grade gold mineralisation not intersected by previous drilling. The Company will conduct detailed sampling across the extents of the Sentul vein systems to understand the potential for the occurrence of high grade mineralisation within discrete, structurally-controlled zones.

Image: Far East Gold

Buluroto Prospect: Promising Potential

The Buluroto prospect is situated 800m northwest of the Sentul prospect.

Historical exploration indicated highly anomalous gold with significantly elevated copper, arsenic and critical mineral antimony. 

With 11 drill holes totaling 1,380m having been completed, results from the scout drill program suggests the Buluroto prospect holds potential for high-grade copper porphyry-style mineralisation.

As such, management has confirmed that detailed mapping will continue along the extent of the Buluroto prospect area.

Management confident in Trenggalek potential

The results of the Sentul and Buluroto field mapping continues to reinforce the prospectivity of the Trenggalek project, as noted by Far East Gold chairman, Paul Walker.

“These results are very encouraging and further highlight the potential that we have in our portfolio of projects. The Trenggalek Copper Gold Project has tremendous potential and we are excited to receive further findings and continue our progress here,” Walker stated.

Far East Gold took 100% ownership of the Trenggalek copper-gold project in June this year.

Major natural resources player Eurasian Resources Group (ERG) made a strategic $4 million investment into Far East Gold in August, prompted mainly by their interest in the Trenggalek Project. The investment further validates the ‘seal of approval’ and viability of the project, as well as enabling access to ERG’s expertise and resources to advance Trenggalek.

Far East Gold is planning a porphyry drilling program at Trenggalek to further test the potential of the prospect areas.

Trenggalek Copper Gold Project

The Trenggalek Project spans 12,813 hectares and has been identified as a top 3 priority greenfield gold project by the Indonesian Government.

The Project contains numerous areas of gold, silver and copper mineralisation associated with epithermal vein type and porphyry type occurrences. Far East Gold has identified four priority target areas for detailed exploration and resource delineation including Sumber Bening, Sentul-Buluroto, Singgahan and Jerambah.

Along with Far East Gold’s flagship Woyla Project, Trenggalek is located on the Sunda Magmatic Arc – a highly prospective metallogenic belt that is host to several world-class porphyry and related mineral deposits.

Register your details on the Far East Gold investor portal to stay up to date with news and receive invites to upcoming events.

Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Far East Gold Ltd and may receive fees for its services.

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