Far East's copper gold project Indonesia

Far East Gold defines viable drill targets at Woyla Copper-Gold Project, Indonesia

Far East Gold (ASX: FEG) reports the presence of viable drill targets at the Anak Perak North and Main zones following a maiden induced polarisation (IP) geophysics survey at its Woyla Copper Gold Project in Indonesia.

The results represent a ‘significant’ outcome and provides the company with optionality on where it will choose to conduct the projects maiden drilling program.

With phase one of the initial IP survey now complete, Far East Gold announces that it has signed a drilling contract with Omega Drilling and have mobilised the first drill rig to the project’s base camp.

“Far East Gold … has signed a drilling contract with Omega Drilling and have mobilised the first drill rig to the project’s base camp

Far East Gold reports the results have been resurveyed and reconfirmed using a more accurate Zonge system and has successfully identified the occurrence of geophysical anomalies like those seen at the Anak Perak Main zone.

The initial IP results have also defined the extent of the Anak Perak Main Zone vein, with results remaining consistent with the vein as previously mapped on surface and indicates the presence of an additional vein that occurs as an offshoot from the main vein zone.

The company also notes that both the Anak Perak North and Main zone demonstrate robust drill targets for its initial diamond drilling program which seeks to test the resource potential of the Anak Perak epithermal vein system.

The Woyla Copper Gold Project is located in Indonesia and comprises three porphyry anomalies and four epithermal gold prospect areas that boast a combined defined strike length of 13,000m.

Trench sampling activities have been undertaken across the prospective tenure, which has ‘bonanza’ grade gold and ‘high-grade’ lead, zinc, and copper mineralisation.

Images: Far East Gold Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.