Far East Gold Unveils High-Grade Gold Discovery at North Bermol

A New Chapter for Idenburg

Far East Gold Limited (ASX – FEG) has unveiled a compelling new gold discovery at its North Bermol prospect, part of the expansive Idenburg Contract of Work in Papua Province, Indonesia. This marks the company’s first scout drilling program at North Bermol and has already confirmed the presence of a high-grade shear zone, a geological feature often associated with significant gold mineralisation.

The discovery is particularly notable because it mirrors the style and grade of mineralisation found at the main Bermol prospect, where a JORC Inferred Resource of 228,000 ounces of gold has been established. Early drill results from North Bermol include intercepts such as 5 meters at 4.9 grams per tonne (g/t) gold, with even higher-grade sections within these intervals. These findings suggest that North Bermol could evolve into a substantial new resource area within the Idenburg project.

Expanding the Gold Footprint

Geologically, the North Bermol prospect features a shallow-dipping shear zone trending northwest, with mineralisation confirmed visually over a strike length of more than 300 meters and a dip extent of approximately 400 meters. The shear zone hosts quartz veins and coarse sulphide minerals, classic indicators of orogenic gold deposits. The zone remains open both laterally and at depth, providing a tantalising target for further exploration.

Far East Gold’s exploration team has already completed 12 drill holes at North Bermol, with assays returned for the first five. The company is awaiting results from the remaining holes, which will help define the full extent and grade continuity of the mineralised zone. Follow-up drilling is planned to test a further 350 meters extension to the south, underscoring the potential scale of this discovery.

Strategic Positioning and Future Prospects

CEO Shane Menere highlighted the significance of the discovery, noting that the results strengthen the company’s view of Idenburg as a district-scale gold system. The shallow-dipping nature of the shear zones at both Bermol and North Bermol suggests they could be amenable to open-pit mining, a factor that enhances the project’s economic attractiveness.

Beyond North Bermol, Far East Gold is actively advancing exploration at other promising prospects within the Idenburg project, including Sua and Kwaplu. The Sua prospect already hosts a JORC Inferred Resource of nearly 300,000 ounces at 3.7 g/t gold, with historical drilling returning high-grade intercepts. Kwaplu shows geological similarities and hosts a larger soil anomaly, indicating further upside potential.

Supported by a robust balance sheet with over $9 million in cash as of the September quarter, Far East Gold is well positioned to continue its aggressive exploration and resource definition programs. The company’s methodical approach, combining detailed mapping, sampling, and targeted drilling, is rapidly unfolding the broader Idenburg story into one of the region’s most compelling gold exploration opportunities.

Looking Ahead

While the initial results are promising, the full economic potential of North Bermol and the wider Idenburg project will depend on forthcoming assay results, further drilling, and metallurgical testing. The company’s ongoing work will be closely watched by investors eager to see how this district-scale opportunity develops.