By Rara Suratmi
ASX-listed gold, copper exploration firm Far East Gold Limited reported that initial assays of drill core from the first ever drill hole at the Aloe Rek prospect area (ARD-001) in its “highly prospective” Woyla Copper Gold Project in Aceh have confirmed high-grade gold within the Victory vein system.
The Victory vein system at Aloe Rek was originally Barrick Gold’s top priority prospect area during its historical ownership period of the Woyla project, the Company said in a report published on Monday.
The Company is also pleased to announce the results of detailed field mapping across the Woyla tenement have confirmed an increase of 5,500m in the strike length of the Woyla project’s low sulphidation epithermal vein system from 13,000m to 18,500m.
According to the Company, the assays show strong association of high grade gold with significant arsenic and antinomy which is consistent with the interpretation that the Aloe Rek vein exposures reflect a high level of formation within Woyla’s epithermal system. These results substantiate assays of previous surface rock sampling and support the interpretation that the Aloe Rek vein systems reflect a higher level setting in an epithermal deposit system with enrichment in Au-As-Sb and the occurrence of bladed-quartz textures.
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These features support the Company’s expectation for further intersections of high-grade gold mineralization within the Aloe Rek veins. The Aloe Rek prospect area is located approximately 1.5km south of the Aloe Eumpeuk prospect area where high-grade Au-Ag was intersected during an initial 30 hole scout drill program completed in August 2023, it added.
The company’s Woyla Copper Gold Project is a 24,260-hectare 6th-generation Contract of Work (CoW). FEG holds a 51 percent interest in the project that will increase to 80 percent upon the company’s completion of a feasibility study and definition of a maiden JORC resource estimate for the project.
Editing by Alexander Ginting
