Far East Gold (ASX: FEG) has hit what it terms “bonanza” grades of gold and silver as it kicks off drilling out its epithermal vein system at the Woyla project, located at the northern end of Sumatra, Indonesia.
The phase one drilling program of 4,640m focused on two of the four vein systems identified at Woyla: Anak Perak and Rek Rinti. The other two systems are named Aloe Eumpeuk and Aloe Rek.
The peak assays for gold and silver at Rek Rinti returned 13m at 4.9 grams per tonne gold and 68.6g/t silver, including 7.6m at 8.1g/t gold and 113.8g/t silver, which interval itself included 0.5m at 78g/t gold and 631g/t silver.
Assays from Anak Perak returned a gold high of 2m at 24.74g/t gold and 194.8g/t silver.
Woyla is located within the Aceh province.
Phase two drilling now under way
Three drill rigs began work on the phase two program on 19 January as part of the 5,000m program being undertaken at Anak Perak, Rek Rinto and Aloe Eumpeuk.
Chief executive officer Shane Menere said the company has been able to build upon the excellent early-stage exploration compiled by previous owners Barrick Gold and Newcrest Mining (ASX: NCM).
“The results from our phase one drill program are extremely encouraging and have given us a good understanding of the system,” he added.
Whole system being drilled for first time
For the first time in its history, the Woyla copper-gold project can now been drilled over its entire strike length after the Indonesian government last year issued a decree which allows drilling of the entire 13,000m of defined strike length – something previous explorers had never managed to achieve.
The company can now drill in the forest-designated section of the tenement.
Far East Gold was encouraged last year by initial observations of the core samples from the first tow drill holes, which were testing the Anak Perak vein between 50m and 100m vertical depth from surface.
