Far East Gold Ltd (ASX:FEG, OTC:FEGDF) CEO Shane Menere joins Proactive’s Tylah Tully to discuss plans for a maiden JORC 2012-compliant resource estimate for the Idenburg gold concession in Indonesia.
As part of this work, the company has engaged SMG Consulting to conduct a full audit of the site, including drill core and previous assays. This process aims to identify the drilling and assay work necessary to expedite the completion of a JORC resource.
The company has significant historical data from previous exploration efforts, including an Exploration Target of more than 7.2 million ounces. The project covers a 95,280 hectare Contract of Work in the Papua province, an area known for significant gold and copper deposits.
The Idenburg project has been bolstered by recent forestry restrictions being downgraded to Production Forest, aiding in its development.
The full report titled ‘PT Iriana Mutiara Idenburg Exploration Target Report June 2024’ is now available on the company’s website.