Far East Gold Ltd (AU:FEG) has released an update.
Far East Gold Ltd has initiated the development of a maiden JORC Resource on the Idenburg gold concession in Papua, Indonesia, with the help of SMG Consulting. The project, which has received over US$25M in historical exploration, boasts significant potential with an exploration target of over 7.2 million ounces of gold. The company’s recent acquisition allows for 100% ownership of the advanced gold project, which is situated in a region known for world-class deposits.
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