Far East Gold Limited (ASX:FEG) Idenburg Project Update: SUA Prospect

(MENAFN- ABN Newswire)

Far East Gold Limited (ASX:FEG) (OTCMKTS:FEGDF) announced assay results from diamond drillhole KSD027, the fifth drillhole to receive assays from the Company's ongoing drill program at the Idenburg Gold Project - Sua Prospect area in Papua, Indonesia.
KSD027 is a 50m step-out hole from previously reported drill holes KSD025 and KSD026. The results confirm a 50m lateral extension of high-grade gold zones intersected in holes KSD025 and KSD026.
HIGHLIGHTS
KSD027 delivers multiple high-grade and bonanza-grade gold intervals. Significant assays include:
- 8.55 g/t Au over 1.7m (from 14.4m), including 20.28 g/t Au over 0.7m (from 14.4m)
- 49.47 g/t Au over 4.85m (from 73.85m), including:
o 62.12 g/t Au over 3.85m (from 73.85m); and
o 93 g/t Au over 1.0m (from 74.5m); and
o 175 g/t Au over 0.55m (from 77.15m)
- 11.2 g/t Au over 0.5m (from 96.15m)
- 5.51 g/t Au over 0.80m (from 112.9m)
The high-grade zone intersected in KSD027 remains open down-dip and along strike to the northeast. FEG's Sua drilling has consistently returned high-grade gold:
- 19 of 22 historic drillholes at Sua intersected gold mineralisation.
- All five FEG diamond drillholes reported to date (KSD023-KSD027) have intersected high-grade gold within multiple stacked quartz-sulphide veins. Previously reported highlights (see the Company's ASX announcement dated 17 December 2025) include:
- KSD023: 13.77 g/t Au over 9.8m (from 18.5m) including 131 g/t Au over 0.8m (from 24.5m)
- KSD024: 8.59 g/t Au over 35.5m (from 23.5m) including 252.50 g/t Au over 0.8m (from 24.5m)
- KSD025: 8.42 g/t Au over 7.7m (from 106.3m) including 35.29 g/t Au over 0.6m (from 111.7m)
- KSD026: 8.82 g/t Au over 4.5m (from 120m) including 51 g/t Au over 0.5m (from 122.5m)
FEG's Non-Executive Chairman, Mr Justin Werner stated: "KSD027 confirms that high-grade gold continues below the historic intercepts and within numerous veins. This is the pattern we wanted to see at Sua in an orogenic lode system - continuity of structure and grade down-dip and along strike.
The more holes we drill, the more confidence we gain that Sua is a highly fertile gold system with substantial untested potential."
KSD027 SUMMARY AND PROGRAM-TO-DATE CONTEXT
The Sua vein system occurs within the ~5 km long Sua-Afley shear zone and is considered highly prospective for additional high-grade discoveries. A review and discussion of historical exploration and assessment of resource potential can be found in the Company's ASX announcement dated 21 August 2024.
FEG's Idenburg Project hosts a JORC (2012) inferred Mineral Resource estimate of approximately 540,000 oz Au, at an average grade of 4.1 g/t Au including an estimated 296,000 oz Au at an average grade of 3.7 g/t Au within the Sua Prospect (see Appendix 1, Table 1*).
Historic and FEG drilling to date at Sua comprise 32 diamond drillholes (22 historic + 10 FEG) for a total of 4,465m, with gold mineralisation intersected in 19 of 22 historic holes within the current resource footprint. Including FEG's drilling, 24 of 27 holes assayed to date have intersected gold mineralisation.
Diamond drillhole KSD027 was designed to further test the high-grade quartz-sulphide vein system at Sua within the existing resource footprint. The hole intersected multiple high-grade and bonanzagrade gold intervals, including a broad zone of 49.47 g/t Au over 4.85m (73.85-78.7m) with internal bonanza-grade sub-intervals up to 175 g/t Au over 0.55m (77.15-77.7m). Additional high-grade zones were intersected near surface (8.55 g/t Au over 1.7m) and at depth (11.2 g/t Au over 0.5m).
KSD027 is the fifth hole from the Company's initial 10-hole diamond drill program at the Sua Prospect within the Idenburg Contract of Work in Papua, Indonesia. The results confirm a 50 m lateral extension of the high-grade zones intersected in holes KSD025 and KSD026. To date, assays have been received for 5 of the 10 holes completed by the Company at Sua.
Hole KSD026 intersected a 4.5m thick zone grading 8.82 g/t Au from 120m, including 51 g/t Au over 0.5m. These results confirmed the down-dip extension of the high-grade zone intersected in historical hole KSD008 (refer to the Company's ASX announcement dated 15 December 2025).
The results from KSD027 are significant in that the high-grade zones intersected were not reported from historical holes KSD012 and KSD016, which were drilled on the same section and intersected the same zone up-dip at shallower depth. No significant assays were reported from hole KSD012, and hole KSD016 intersected four distinct zones of low-grade (

Justin Werner Chairman e:... Shane Menere Chief Executive Officer e:... m: + 61 406 189 672 + 62 811 860 8378 Tim Young Investor Relations & Capital Markets e:... m: + 61 484 247 771

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