Idenburg Drilling Yields 175 g/t Gold Over 0.55m in Fifth Consecutive High-Grade Hole

Strong Continuity of High-Grade Gold at Sua

Far East Gold Limited (ASX, FEG) has delivered another compelling update from its Idenburg Gold Project in Papua, Indonesia, with diamond drillhole KSD027 confirming a 50-metre lateral extension of high-grade gold mineralisation at the Sua Prospect. The assay results reveal multiple bonanza-grade intervals, including a standout 175 grams per tonne (g/t) gold over 0.55 metres, underscoring the prospect’s robust potential.

This latest drillhole is the fifth consecutive one to intersect high-grade gold zones within stacked quartz–sulphide veins, reinforcing the continuity of mineralisation both down-dip and along strike. The consistency of these results is particularly encouraging given the complex orogenic lode system hosting the mineralisation, which has historically posed challenges for resource delineation.

Building on a Solid Resource Base

The Idenburg Project currently hosts an inferred JORC mineral resource of approximately 540,000 ounces of gold at an average grade of 4.1 g/t, with the Sua Prospect accounting for nearly 296,000 ounces at 3.7 g/t. The new drilling results from KSD027 and previous holes (KSD023 to KSD026) suggest that these figures could be conservative, as high-grade zones remain open and untested in several directions.

Notably, the high-grade mineralisation identified in KSD027 was not detected in earlier historical drillholes on the same section, highlighting the value of modern, targeted exploration techniques. The mineralised zones also show minimal supergene alteration and low arsenic levels, which bodes well for metallurgical recovery and processing.

Expanding the Drill Program and Future Prospects

Following the success of the initial 10-hole drill program at Sua, Far East Gold has approved an extension comprising five additional diamond holes to further test the resource along strike and down-dip. Assays from the remaining five holes are pending, and these results will be critical in refining the resource model and potentially upgrading the classification from inferred to indicated.

Beyond Sua, the company is advancing surface mapping at the nearby Kwaplu Prospect, aiming to define new drill targets along the same structural corridor. This strategic approach could unlock further value within the Idenburg Contract of Work area, which spans over 95,000 hectares.

Management Confidence and Next Steps

Far East Gold’s Non-Executive Chairman, Justin Werner, expressed confidence in the continuity and fertility of the Sua gold system, noting that the drilling results align with the company’s expectations for an orogenic lode deposit. The company’s exploration team, led by General Manager of Exploration Michael Corey, continues to apply rigorous sampling and assay protocols to ensure data integrity.

With high-grade intercepts now confirmed over multiple drillholes and the resource footprint expanding, the market will be watching closely as Far East Gold progresses its extended drilling campaign and updates its resource estimates in the coming months.