Multiple occurrences of visible gold detected in greenfield Woyla drill core

Continuing the exploration success of their flagship Woyla project, Far East Gold (ASX: FEG) has announced that multiple occurrences of visible gold and the natural gold-silver alloy mineral electrum have been identified within drill core from the highly prospective Aloe Eumpeuk prospect. Assays are now pending with results expected in just a few weeks, and drilling is continuing.

Continuing the exploration success of their flagship Woyla project, Far East Gold (ASX: FEG) has announced that multiple occurrences of visible gold and the natural gold-silver alloy mineral electrum have been identified within drill core from the highly prospective Aloe Eumpeuk prospect. Assays are now pending with results expected in just a few weeks, and drilling is continuing.

Previous detailed surface rock sampling returned bonanza grade peak results of 131g/t Au and 1,508g/t Ag, and was associated with coarse visible gold in samples of quartz taken from artisanal mining pits. Historical trench results from samples taken across the veins in this prospect area include 9m @ 5.16g/t Au, including 1m @ 28.3g/t Au.

After the company completed surface mapping to nail down all the targets, high-grade gold and silver ginguro branded vein material was identified at Aloe Eumpuek, just 1.5km south of Rek Rinti – where FEG recently intersected 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

Far East Gold has completed two out of the six planned diamond drill holes to test the Aloe Eumpeuk veins. There are two parallel veins over a 300m strike length that are being tested by the 650m drilling campaign.

Source: Far East Gold

Previous exploration by Newcrest Mining (ASX: NCM) geologists noted similarities of the quartz-adularia colloform texture and crustiform banding seen at Aloe Eumpeuk to textures associated with the high-grade vein sections within the Gosowong gold district in North Maluku. The structural setting of the Ale Eumpeuk veins are analogous to that of the Kencana gold deposit with the Gosowong gold district.

Woyla is located on the highly prospective Sumatran Fault, which hosts numerous other multi million ounce deposits of the same structure. Its structure is remarkably similar to Gosowong, the world renowned behemoth of a 7Moz gold resource, that has already produced over 6Moz. It is in proximity to multiple other large resources, including Miwah (3.14Moz Au, 8.9Moz Ag), Beutong (2.31Moz Au, 0.52Blbs Cu) and Martabe (6.49Moz Au, 66.2Moz Ag)

FEG is also currently conducting a resource delineation program at Woyla, and the company has three rigs operating at two of the project’s prospects, with the goal of defining a resource. The 50m infill drill sections planned for FEG’s Phase 2 resource delineation program in the Agam Zone has already repeatedly intersected gold mineralisation.

To stay up to date with the latest Far East Gold news and announcements, update your details on the Far East Gold investor portal.

 

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

Past performance is not a reliable indicator of future performance.

 

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