Six Drill Holes at Bermol Intersect Sulphide Zones, High-Grade Gold Found Nearby
Far East Gold has advanced drilling at its Bermol prospect in Indonesia, confirming key geological structures and preparing for expanded resource definition. The company also progresses copper-gold targets in Indonesia and maintains strong cash reserves to support ongoing exploration.
- Six drill holes completed at Bermol intersect broad shear zones with sulphide mineralisation
- High-grade gold assays from surface quartz veins at East Bermol highlight new discovery potential
- UAV magnetic and LiDAR surveys underway to refine drill targets along structural corridors
- Planned 20-hole drill program to expand resources at Idenburg and 18-hole program at Trenggalek
- Strong cash position of AUD 10.9 million supports exploration activities and strategic partnerships
Drilling Progress at Bermol Confirms Geological Continuity
Far East Gold Ltd (ASX, FEG) marked a significant milestone in its June 2025 quarter with the commencement of drilling at the Bermol prospect within the Idenburg Contract of Work in Papua Province, Indonesia. By quarter-end, six holes totaling 723 meters had been completed, each intersecting a broad shear and fault-related deformation zone hosting quartz veins and sulphide minerals such as pyrite and arsenopyrite. These findings align with historical exploration data, confirming the lateral continuity of the mineralised shear zone and reinforcing Bermol’s potential as a key resource area.
New Surface Discoveries and Advanced Survey Techniques
Complementing drilling activities, detailed geological mapping identified a 5-meter-wide quartz vein zone at East Bermol, approximately 1.2 kilometers east of the main prospect. Grab samples from this zone returned promising assays of up to 8.43 grams per tonne gold and 31.9 grams per tonne silver, underscoring the prospect’s discovery potential. To further refine exploration targets, Far East Gold has initiated high-resolution UAV magnetic and LiDAR surveys along a 4-kilometer northeast-trending structural corridor linking Bermol and North Bermol. These surveys aim to delineate extensions of the shear-hosted mineralisation and prioritize future drilling locations.
Expanding Exploration Across Indonesia and Australia
Beyond Bermol, the company is advancing an 18-hole, 5,740-meter drill program at its Trenggalek copper-gold project in Central Java, targeting three copper porphyry systems and a high-grade epithermal gold prospect. Preparations for drill site access and pad construction are underway, with drilling expected to commence in the third quarter of 2025. Meanwhile, in Queensland, Australia, Far East Gold is preparing for ground proofing and mapping at its Mount Clark West and Blue Hill Creek projects, with drilling planned for late 2025. These efforts reflect a strategic push to expand the company’s resource base across multiple jurisdictions.
Financial Position and Strategic Partnerships
Far East Gold reported total exploration expenditure of AUD 1.105 million for the quarter, including investments in plant and equipment to support ongoing activities. The company maintains a robust cash position of approximately AUD 10.9 million, bolstered by a strategic partnership with Xingye that has provided substantial funding to accelerate exploration. Payments to related parties, including directors’ salaries and fees, amounted to AUD 186,000. CEO Shane Menere highlighted the company’s strong community engagement and the commissioning of a new assay facility at Senggi, which will expedite assay processing and support timely resource updates.
Outlook and Next Steps
With drilling underway at Bermol and assay results pending, Far East Gold is poised to deliver new resource growth and exploration catalysts in the coming months. The company’s comprehensive structural studies and geophysical surveys are sharpening drill targeting, while ongoing community support and strategic funding underpin its exploration momentum. Investors will be watching closely as assay data emerges and further drilling progresses across the company’s Indonesian and Australian projects.
Bottom Line?
Far East Gold’s drilling and survey advances at Bermol set the stage for potential resource expansion, with assay results and further exploration activities poised to drive the next phase of growth.
Questions in the middle?
- What will the assay results from the recent Bermol drilling reveal about resource size and grade?
- How will the UAV magnetic and LiDAR survey data influence future drill targeting along the structural corridor?
- What impact will the strategic partnership with Xingye have on funding and accelerating exploration timelines?
