Far East Gold (ASX:FEG) has identified visible gold once again identified within the drill core at the company’s flagship Woyla project in Indonesia.
The sighting of visible gold in drill hole AGM014, located within the Rek Rinti prospect, marks the fourth time during the company’s Phase 1 and Phase 2 drilling programmes at Woyla.
The sighting of visible gold and/or electrum within drill core and once again confirms the project’s tremendous prospectivity to host high grade gold and silver zones.
The company said the occurrence of ginguro, visible gold and electrum intersected in AGM014 is consistent with the occurrence of finely disseminated electrum and other sulphides within ginguro bands intersected within RRD004 and also quartz veins intersected in the Phase 2 drill hole AGM007 (see Figure 1 and 3) which returned 5.3m at 8.43g/t Au and 99.89g/t Ag (9.97g/t AuEq) from 201.2m – 206.5m, including 81g/t Au and 734g/t Ag (89.81g/t AuEq) over 0.5m from 201.2m.
The Phase 2, Agam Zone drill programme is designed to test the lateral and depth extent of the wide, high-grade quartz zone intersected in the Phase 1 drill hole RRD004. The Agam Zone holes are being drilled at 50m-spacing to test continuity of the broad Agam quartz vein/breccia zone and also detailed 25m-spaced sections to define high-grade Au-Ag mineralization confined to narrower structures. The AGM014 drillhole is part of a 25m drill section to target the RRD004 high-grade zone.
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