‘Sweet spot’ gold and silver discovery at Far East Gold’s Woyla prospect

Far East Gold Ltd (ASX: FEG) has discovered yet another sweet spot at their flagship Woyla project, where assays released this week have once again shown a high grade gold and silver ‘sweet spot’ in the Rek Rinti prospect

Far East Gold Ltd (ASX: FEG) has discovered yet another sweet spot at their flagship Woyla project, where assays released this week have once again shown a high grade gold and silver ‘sweet spot’ in the Rek Rinti prospect

A 34.7m wide zone, from 31.8m – 66.5m, presented pyritic andesite volcanics containing locally massive, multiphase quartz veins and stockwork quartz veins. Significant assay intersections through this zone included 2.2m @ 4.06g/t gold, 65.1g/t silver (4.84g/t gold equivalent) from 38 – 40.2m. This included a high-grade finding of 61.0g/t silver (9.99g/t gold equivalent) from 39.8m. 

Another drill core intersected high grade gold and silver within a 38.1m wide zone, from 33m – 71.1m, of pyritic andesite volcanics containing locally massive, multiphase quartz veins and stockwork quartz veins. Significant assay intersections through this zone included 5.5m @ 4.16g/t gold, 49.8g/t silver (4.76g/t gold equivalent) from 59.4 – 64.9m including 96.0g/t silver (10.4g/t gold equivalent) from 60m. 

CEO of Far East East Gold, Shane Menere, noted that previous results, “coupled with the recent discovery at Rek Rinti of a nearly 40m wide zone of significant and consistent mineralisation from two drill holes in a relatively untested quartz vein confirms the remarkable prospectivity of the Woyla project.

 

Chairman of Far East Gold Paul Walker sat down with mining.com.au to discuss their assay results, below.

Source: mining.com.au

Previous high-grade findings

Resource definition drilling has been progressing at Rek Rinti, where FEG have been drilling since January. Their standout assay from last year, 30m at 2.83 g/t gold and 49.73 g/t silver (3.43 g/t gold equivalent) from 98m including 0.5m at 78g/t gold and 631g/t silver (85.57 g/t gold equivalent) from 108.6m, gave them the ammunition they need to press ahead this year

Some notable assays from this drilling campaign were 5.3m at 8.43 g/t gold and 99.89 g/t silver (9.97 g/t gold equivalent) from 201.2m – 206.5m including 734 g/t silver (89.81 g/t gold equivalent) from 201.2m.

The company noted that they are excited by the new findings at Rek Renti and are continuing “to build positive results as we increase our understanding of the extensive vein system at the Company’s potential Tier 1 Woyla project,”.

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Past performance is not a reliable indicator of future performance.

 

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