Far East Gold’s Sua Prospect Now Holds Nearly 300,000 Ounces at 3.7 g/t Au

Extending the Gold Zones at Sua

Far East Gold Limited (ASX:FEG) has announced encouraging assay results from its recent drilling campaign at the Sua prospect, part of the broader Idenburg Gold Project in Papua, Indonesia. The latest drillholes, numbered KSD028 to KSD035, have confirmed the extension of high-grade gold-bearing shear zones an additional 100 metres down-dip and along strike to the northeast. This extension builds on previous drilling efforts and highlights the continuity of the mineralised system.

The mineralisation at Sua is hosted within a complex network of stacked quartz-sulphide veins along a significant shear zone corridor. To date, more than 30 individual gold-bearing veins have been identified, underscoring the prospect’s potential as a substantial orogenic gold system. The recent drilling results reinforce the scale and grade continuity of this system, with notable intersections such as 10.29 g/t gold over 1.65 metres and 8.55 g/t gold over 1 metre reported from the latest holes.

Resource Update and Future Drilling

In light of these promising results, Far East Gold has engaged SMG Consultants Ltd to update the current inferred mineral resource estimate for the Idenburg project. The existing resource, based on the 2012 JORC Code, stands at approximately 540,000 ounces of gold at an average grade of 4.1 g/t, with the Sua prospect contributing an inferred 296,000 ounces at 3.7 g/t Au. The updated resource will incorporate the latest drilling data from holes KSD023 to KSD035, potentially refining the resource’s size and grade profile.

Parallel to the resource update, the company is preparing for a new drilling program focused on resource expansion. This next phase will involve around 2,350 metres of targeted drilling aimed at extending mineralisation both down-dip and along strike. The mineralised zones remain open in these directions, suggesting further growth potential. Details of this upcoming program are expected to be announced shortly.

Strategic Importance and Geological Context

The Sua prospect lies within a 5-kilometre-long shear zone, part of the Idenburg project’s extensive gold corridor. The geological setting is typical of orogenic gold deposits, with mineralisation hosted in sheared quartz veins within metamorphic rocks. The continuity of high-grade zones at depth, as demonstrated by the recent drilling, is particularly encouraging for the project’s economic prospects.

Far East Gold’s management has expressed confidence in the strength and continuity of the Sua shear-hosted gold system. Non-Executive Chairman Justin Werner highlighted the open-ended nature of the mineralisation, which bodes well for ongoing resource growth through continued exploration.

Looking Ahead

With assay results from drillhole KSD036 still pending, and the resource update imminent, investors and analysts will be watching closely for further developments. The combination of high-grade intercepts, geological continuity, and planned drilling expansion positions the Sua prospect as a key asset within Far East Gold’s portfolio. Additionally, ongoing surface mapping at the nearby Kwaplu prospect may open new avenues for exploration in the region.