Far East Gold Limited has identified new gold-bearing quartz vein zones at its North Bermol prospect, extending the mineralised corridor and boosting exploration potential within the Idenburg Project.
- Discovery of high-grade gold mineralisation up to 25.9 g/t Au at North Bermol
- New mineralised quartz veins mapped within a 4km structural corridor
- Additional targets at Nova and Tekai prospects to be advanced
- Phase 1 drilling program ongoing to expand resource base
- Inferred resource status confirmed for Bermol, Sua, and Mafi prospects
Expanding the Idenburg Gold Footprint
Far East Gold Limited (ASX – FEG) has announced a significant discovery at its North Bermol prospect, part of the broader Idenburg Project in Indonesia. Detailed geological mapping has revealed new gold-bearing quartz veins and boudins, with assay results from surface samples returning impressive grades up to 25.9 grams per tonne of gold and 7.8 grams per tonne of silver. These findings extend the known mineralised structural corridor to approximately 4 kilometres, suggesting a more extensive and complex gold system than previously understood.
Geological Insights and Structural Complexity
The North Bermol prospect lies about 1.5 kilometres northwest of the current drilling activities at Bermol. The newly identified mineralised zones feature sulphide-bearing quartz veins with a shallow dip of around 20 degrees, consistent with the style of mineralisation already established at Bermol. Notably, the mapping has uncovered additional fault and shear zones with orientations differing from the dominant northeast trend, indicating multiple structural controls that could host further gold mineralisation.
Broader Exploration Upside Across Multiple Prospects
Beyond North Bermol, Far East Gold is advancing exploration at other high-priority targets within the Idenburg Project, including the Nova and Tekai prospects. Historical surface sampling at Nova has yielded gold grades up to 9.0 g/t, while Tekai has produced chip samples with exceptionally high assays of 58.2 g/t and 79.8 g/t gold. These results underscore the potential for multiple zones of high-grade mineralisation across the project area, supporting the company’s strategy to expand its resource base through ongoing Phase 1 drilling and detailed mapping.
Resource Status and Future Outlook
The company’s recent work, including a comprehensive JORC-compliant resource estimation, confirms the inferred resource status of the Bermol, Sua, and Mafi prospects. While these resources remain at an early stage, metallurgical test work indicates favourable gold recoveries exceeding 90% using standard processing techniques. Far East Gold’s methodical approach to exploration and resource definition positions the Idenburg Project as a promising asset with considerable upside potential.
Environmental and Regulatory Considerations
Exploration activities are conducted within designated forest production zones, requiring appropriate permits for land use. While no significant environmental or permitting issues have been identified to date, the company has yet to disclose the status of certain key permits. Ongoing regulatory compliance and environmental stewardship will be critical as the project advances towards potential development.
Bottom Line?
Far East Gold’s discovery at North Bermol adds momentum to the Idenburg Project’s growth story, but investors will watch closely for resource upgrades and permitting progress.
Questions in the middle?
- How will upcoming drilling results refine the extent and grade of the new mineralised zones?
- What is the timeline and status for securing necessary environmental permits for expanded exploration?
- Can Far East Gold convert inferred resources into higher confidence categories with further work?