Far East Gold to Start Drilling Campaign at Indonesia Gold Project, Shares Rise 6%

MT Newswires Live
03-10

Far East Gold (ASX:FEG) said it plans to target drilling at four prospect areas at the Idenburg gold project in Indonesia, with the intention to increase the project's maiden resource estimate, according to a Monday Australian bourse filing.

It expects to complete 32 diamond drill holes totaling 3,670 meters, the filing said.

The firm also finalized plans for a drilling program at the Trenggalek copper-gold project in Indonesia. Drilling will test the copper porphyry targets at three prospects as well as an additional gold epithermal prospect area.

The firm's shares rose 6% in recent trading on Monday.

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