KSD024 Drillhole Yields 280 g/t Gold Over 0.4m at Idenburg
Far East Gold has reported exceptional high-grade gold assay results from drillhole KSD024 at its Sua Prospect in Indonesia, confirming an extension of bonanza-grade mineralisation and reinforcing the potential for resource growth.
- KSD024 intersected 8.59 g/t Au over 35.5m including 280 g/t Au over 0.4m
- Visible coarse gold found in quartz-sulphide breccia, a new rock type for the prospect
- High-grade zone extended at least 25m along strike and remains open
- Idenburg Project hosts inferred resource of ~540,000 oz Au, with 296,000 oz at Sua
- Ongoing drilling program aims to define and expand high-grade vein system
Exceptional Grades Confirmed at Sua Prospect
Far East Gold Limited (ASX – FEG) has announced compelling assay results from its recent diamond drilling at the Sua Prospect, part of the Idenburg Gold Project in Papua Province, Indonesia. Drillhole KSD024, positioned just 25 metres east of the previously reported KSD023, intersected a remarkable high-grade gold zone, including a bonanza-grade section of 280 grams per tonne (g/t) over 0.4 metres. This discovery not only confirms the presence of coarse visible gold but also extends the known mineralised zone by at least 25 metres along strike.
Geological Insights and Mineralisation Continuity
The mineralisation at Sua is hosted within a complex system of stacked milky-quartz and sulphide veins, with over 30 individual gold-bearing veins identified to date. Notably, KSD024 intersected coarse visible gold within a quartz-sulphide breccia, a rock type not widely documented previously at the prospect, suggesting new geological complexity and potential. The high-grade zone remains open for at least another 75 metres along strike, indicating significant upside for further resource expansion.
Strategic Resource Implications
The Idenburg Project currently holds an inferred mineral resource estimated at approximately 540,000 ounces of gold at an average grade of 4.1 g/t, with the Sua Prospect accounting for around 296,000 ounces at 3.7 g/t. The recent drilling results, particularly the bonanza grades and visible gold, could materially enhance the resource profile. Far East Gold’s management emphasises that these near-surface, high-grade intercepts could significantly improve the project's economics and resource confidence as drilling continues.
Ongoing Exploration and Future Prospects
The current drilling campaign at Sua is designed to infill and step out from historical drill holes spaced at 100 metres, with the aim of better defining the extent and continuity of the high-grade veins. To date, six holes have been completed, with assays received for two. The program plans a total of ten diamond drill holes, targeting both resource upgrade and expansion. The geological setting within the 5-kilometre-long Sua–Afley shear zone suggests considerable potential for additional discoveries beyond the current resource boundaries.
Management Commentary and Market Outlook
Far East Gold’s Non-Executive Chairman, Justin Werner, highlighted the significance of the KSD024 results in confirming the geological model and continuity of high-grade mineralisation. The company’s focus remains on disciplined drilling to unlock the full potential of the Sua vein system. Investors will be watching closely as further assay results are released and resource models updated, potentially reshaping the valuation of this promising gold project.
Bottom Line?
Far East Gold’s latest drilling success at Sua sets the stage for a potential resource upgrade and increased market interest.
Questions in the middle?
- How will upcoming assay results from remaining drillholes impact the resource estimate?
- What is the potential scale of the high-grade vein system beyond current drill intercepts?
- How might these high-grade near-surface results influence project development timelines?
