Far East Gold starts first ever drilling program at historic Anak Perak copper-gold prospect

Far East Gold (ASX: FEG) has commenced phase one diamond drilling at the historic Anak Perak prospect within its Woyla copper-gold project in Indonesia.

The 2,560-metre, 18-hole program will test the main zone vein system along 900m of strike length and aim to demonstrate resource potential.

It is the first time in the project’s 25-year history that drilling has been able to occur.

Woyla is believed to be one of the most highly-prospective undrilled copper-gold projects in South East Asia with the potential to host high-grade epithermal and porphyry deposits.

Drilling aims to further de-risk the project and will enable the company to proceed with advanced exploration activities at Anak Perak and the Rek Rinti prospect as it moves towards a maiden resource estimate.

Anak Perak vein system

Far East Gold said the Anak Perak vein system is well defined with good access.

The completed phases of an induced polarisation (IP) survey provide a clear signature of the system’s width and extent and corroborate interpretations from previous surface mapping.

Drill sites will be at spacings of up to 150m and will test the vein at 50m and 100m vertical depths.

An expanded 2,440m, 16-hole phase two program will test an additional 800m of vein strike length and will be followed by resource definition drilling using multiple rigs.

Drill core will be logged and stored on site while selected samples will be forwarded to a lab in Jakarta for assay.

Rek Rinti survey

Last week, Far East Gold commenced an IP survey across the Rek Rinti vein system to provide a geophysical signature of the veins and associated alterations.

This work, together with surface mapping, will allow for the definition of specific drill targets at the prospect.

The Rek Rinti vein system is comprised of eight quartz veins, each up to 10m in width.

The system is structurally-controlled with a dominant northeast orientation which can be traced at surface for up to 250m in length.

The veins are mostly chalcedonic with distinct colloform-crustiform textures with common intergrown adularia zones of crustiform textured quartz vein.

The system also displays ginguro bands which are usually associated with adularia.

Samples of quartz vein containing ginguro bands from the Rek Rinti veins have returned bonanza assay grades of up to 38.14 grams per tonne gold including 581g/t silver and 44.24g/t gold with 91g/t silver.

Borrow-use licence

The Woyla project covers 242.6 square kilometres and is located in Indonesia’s Aceh province at the northern tip of Sumatra.

Earlier this month, the Indonesian government issued a decree granting Far East Gold a borrow-use licence for the Anak Perak prospect.

The licence is an administrative process required for advanced exploration to occur in the forest-designated section of the tenement.