Far East Gold starts scout drilling at Victory Vein
March 07, 2024 at 11:41 am EST
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Far East Gold Ltd (ASX:FEG) CEO Shane Menere sits down with Proactive’s Jonathan Jackson to shed light on the start of a scout drilling program at the highly prospective Victory Vein at the Aloe Rek prospect in Indonesia, which was initially identified by Barrick in 1997 as a critical target. The decision to initiate this diamond drilling follows comprehensive soil sampling and trench assays, further bolstering the company's understanding and optimism towards the Victory Vein's prospects. Menere discusses the drilling, highlighting the vein's potential with bonanza gold grades reported up to 76 g/t and significant widths up to 70 metres, based on surface sampling, mapping and subsurface work.
Menere said: “We are extremely excited to have drills turning at Aloe Rek. This milestone serves as yet another testament to the exceptional capabilities of our team in achieving in-country objectives where others have fallen short. It underscores our unwavering commitment to surpassing challenges and delivering tangible results.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Far East Gold Limited is a copper and gold exploration company with projects in Australia and Indonesia. Its projects include Woyla Copper Gold, Trenggalek Copper Gold, Wonogiri Copper Gold, Mount Clark West Copper Gold, Hill 212 Gold, Blue Grass Creek Gold and Reedy Creek. The Woyla Copper Gold Project consists of an area of 24,260 hectares (ha). The Woyla Copper Gold Project prospects include Anak Perak Prospect, Aloe Eumpeuk Prospect, Aloe Rek Prospect, and Beurieung Porphyry Copper Prospect. The Trenggalek Copper Gold Project is an advanced 12,813 ha Izin Usaha Pertambangan-Operasi Produksi (IUP-OP) mining license for operation and production located in East Java, Indonesia. The Trenggalek Copper Gold Project prospects include Sentul Prospect, Sumber Bening Prospect, and Buluroto Prospect. The Wonogiri Copper Gold Project is an Advanced 3,928 ha IUP (Exploration Mining Permit) for porphyry and epithermal gold and base metals. The Reedy Creek Project covers over 3,840 ha.
FAR EAST GOLD LIMITED 
