Far East Gold Ltd (AU:FEG) has released an update.
Far East Gold Ltd is poised to acquire the highly prospective Idenburg Gold Project in Indonesia, boasting a large 95,280 Ha area with significant historical exploration investments over $25M and promising high-grade gold prospects. The project shows potential for extensive gold deposits, with only a small fraction explored in detail and several high-grade intercepts already identified. The strategic acquisition promises an enticing opportunity, as the Idenburg region is rich in orogenic gold deposits akin to other world-renowned gold fields.
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