Far East Gold delivers maiden 540,000-ounce resource at Idenburg [Video]

Far East Gold Ltd (ASX:FEG, OTC:FEGDF) CEO Shane Menere joins Proactive’s Tylah Tully to discuss the company’s latest milestone.

It has delivered an initial JORC 2012 inferred mineral resource estimate of 540,000 ounces of gold at 4.1 g/t and 468,000 ounces of silver at 3.6 g/t at its Idenburg Project in Papua, Indonesia.

This estimate, based on just three prospects within the Idenburg Contract of Work was developed by SMG Consulting using historical drill hole data and new topographic survey information without additional drilling.

The prospects contributing to this estimate — Sua, Bermol and Mafi — are three of the 14 targets identified, covering only 30% of the project area, leaving substantial potential for future exploration.

SMGC conducted a comprehensive review, modelling mineralisation based on geological continuity and grade using inverse distance weighting (IDW) for Sua and Mafi.

FEG aims to expand the initial resource through surface mapping, sampling and a phase 1 drilling program.

Future exploration will include infill and …