Far East Gold reports more visible metal at Sumatra project
Another drill hole has intersected visible gold, the fourth time this has occurred during Phase 1 and Phase 2 drilling at Far East Gold’s (ASX: FEG) Woyla project in Sumatra, Indonesia.
This visible gold was observed in drill hole AGM014, located within the Rek Rinti target.
This “once again confirms the project’s tremendous prospectivity to host high-grade gold and silver zones,” the company noted.
Woyla is located within Aceh province.
‘Harmonious’ relations with locals
This latest identification of visible gold occurred during a site visit by Far East Gold’s board members and management team aimed at reviewing the results so far from the drilling at Woyla.
Far East Gold chairman Paul Walker was pleased to see how well managed and advanced this phase of the project’s exploration program is progressing.
“What was especially pleasing was seeing the positive safety culture that exists on the site and the harmonious interactions we had with the local community, from our constructive meetings with senior community leaders to being greeted by a group of young dancers from the nearby village.”
“Overall, this site visit was a great success that was made even better by being there when the drilling team identified another intercept of visible gold,” he added.
Results adding up in Phase 2 drilling
Recent results from drilling have included 5.3m at 8.43 grams per tonne gold and 99.89g/t silver, including 0.5m at 81g/t gold and 734g/t silver.
Previous intercepts of visible gold at Rek Rinti also assayed at 0.5m at 78g/t gold and 631g/t silver.
Other intercepts from Phase 2 drilling at the Agam zone have included 1m at 9.07gt/ gold and 6.8g/t silver, and 9m at 1.94g/t gold and 43.39g/t silver.
Whole system being drilled for first time
For the first time in its history, the Woyla copper-gold project is now being drilled over its entire strike length after the Indonesian government last year issued a decree which in effect, allow 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.