Far East Gold has announced its fourth sighting of visible gold from Phase 1 and 2 drilling at its promising Woyla project, further demonstrating the asset’s potential to host high-grade gold and silver zones.
Visible gold has been observed at drill hole AGM014, which has been targeting Woyla’s Rek Rinti prospect, which Far East Gold said is consistent with the occurrence of finely disseminated electrum and other sulphides intersected at RRD004 – the hole that delivered bonanza grades late last year.
The geological characteristics are also akin to Phase 2 drill hole AGM007, which has intersected 5.3m at 8.43 grams per tonne (g/t) gold and 99.89g/t silver from 201.2m–206.5m, including 81g/t gold and 734g/t silver over 0.5m.
In announcing this visible gold milestone, Far East Gold also took time to credit the local Indonesian communities with which Woyla is located.
“The identification of visible gold within drill hole AGM014 occurred during a recent site visit by members of the company’s Board and senior management to the Woyla project to review the success of the drilling program to date,” Far East Gold said in a statement.
“Members of the board and senior management also took the opportunity to meet with the heads of the local police, army, villages and Bupati (head of the Pidie Regency, where the project is located), to thank them for the tremendous support the company has received to date which has allowed the successful maiden drill program to be undertaken for the first time in the project’s 25-year history.”
Far East Gold chair Paul Walker said the success of the company’s foundational drilling program is reflective of relationships built on the ground.
“It is excellent to see how well managed and advanced this phase of the project’s exploration program is progressing,” he said.
“What was especially pleasing was seeing the positive safety culture that exists on the site and the harmonious interactions we had with the local community, from our constructive meetings with senior community leaders to being greeted by a group of young dancers from the nearby village.”