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Far East Gold Limited (ASX:FEG or the Company) is pleased to announce a detailed overview of the Company’s Phase 2 drill program at its Woyla project. It is the Company’s plan for three diamond drills to be used to complete a combined 10,000m program. The Phase 2 drill program will include detailed resource delineation drilling within the Agam vein at the Rek Rinti prospect area and continue with the scout drill program testing defined vein targets at the Anak Perak, Rek Rinti, and Aloe Eumpeuk prospect areas.
In conjunction with the Phase 2 drill program the Company also continues to expand its surface mapping and sampling exploration of the Woyla project’s four defined epithermal prospect areas. The Company is excited to announce that recent mapping has resulted in the discovery of two new quartz veins within the Woyla Project area.
One of these quartz veins is located approximately 200m northwest of the Rek Rinti prospect area where detailed mapping has confirmed the vein occurrence in an artisanal mining pit. The vein is interpreted to be part of the Rek Rinti vein system where bonanza grade gold and silver was intersected during the Company’s highly successful Phase 1 drill program (see: Woyla Project Update 2 Feb 2023). The Company expects additional new vein discoveries within the Rek Rinti as the program of detailed surface mapping proceeds.
The second new vein discovery identified as ‘Aloe Kamara’ is located approximately 3km southeast of Rek Rinti and opens a potential new fifth epithermal prospect area within the project for detailed exploration and drill testing.
Rek Rinti Vein Discovery
- The new quartz vein is situated adjacent to the northeast extent of a 1.8km long IP resistivity anomaly zone interpreted from the IP survey completed in 2022 (Figure 1). The vein is characterized by crystalline, massive quartz with minor chalcedonic bands. Assays results are pending for samples from the new vein.
Aloe Kamara Vein Discovery
- The new vein is located south-east of the Rek Rinti prospect area (Figure 1) and located within the permitted PIPPIB area, which allows the Company to explore this area immediately.
- Initial mapping indicates the quartz vein to be about 10 meters wide. The vein is characterized by massive crystalline quartz and local breccia that contains coarse blebs of galena and sphalerite up to 10% with pyrite. The vein appears to have an east - west strike and dip to the north. Assays results are pending for samples from the new vein.
Figure 1: Eastern part of the Woyla Property area showing new quartz vein discoveries at the Rek Rinti and Aloe Kamara prospect areas. The area included under the PIPPIB permit is also indicated. The Aloe Kamara vein appears to be inside the PIPPIB area and part of it appears to also extend outside
Figure 2: Rek Rinti prospect area showing the new quartz vein occurrence to northwest of defined quartz veins and area of Phase 1 scout drilling. The occurrence lies adjacent to the northeastern extent of a zone of high IP resistivity as interpreted from the 2022 IP survey completed at Woyla.
WOYLA PHASE 2 DRILL PROGRAM OVERVIEW
Objectives
- Two drill rigs will assess the resource potential of the Agam vein at Rek Rinti, as follow-up to significant Au-Ag mineralization intersected in RRD004 and RRD007. A block of approximately 500m long X 150m wide X 150m deep along the Agam and Pertama veins is planned to be drilled along 11, 50m spaced drill sections. Approximately 5,000m of drilling is planned for this program which should be completed early Q2, 2023.
- A 5,000m scout drill program is also planned to be completed. This includes a 4-6 hole (~1,200m) drill program to test defined target areas within the Anak Perak prospect. Upon completion of the drill program at Anak Perak, the drill will be moved to Rek Rinti to continue testing defined vein targets as part of the scout drill program. Drill targets include untested veins and follow-up to intervals of significant Au-Ag mineralization intersected during the Phase 1 drill program. One drill will be used for this program.
- The scout drill program will also test new target areas starting with the Aloe Eumpuek prospect area south of Rek Rinti. Previous surface rock sampling has returned high-grade Au-Ag assays from samples of ginguro-banded quartz vein rubble. This prospect area has not yet been drill tested.
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This article includes content from Far East Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
High grade Assay Results Continue at Youanmi
- The latest batch of assays have been received from the 11,000m drilling program (both diamond core and reverse circulation) at the high gold-grade Youanmi Gold Project, located centrally in Western Australia’s prolific gold fields
- The recently-completed infill/exploration program aimed to improve resource confidence and open up corridors for resource growth; to underpin the Definitive Feasibility Study (DFS), and, additionally, provide sample material for ongoing metallurgical optimisation test-work for the DFS program
- Latest highlights from the program include:
- RXDD131: 4.38m @ 19.07 g/t Au from 387.98m,
- incl. 1.73m @ 41.43 g/t Au from 389.96m
- RXDD119: 4.56m @ 14.60 g/t Au from 220.64m
- RXDD115: 2.99m @ 21.11 g/t Au from 249.88m
- RXDD119: 4.0m @ 7.37 g/t Au from 162.0m
- RXDD132: 7.19m @ 3.90 g/t Au from 263.61m
- RXDD133: 2.83m @ 6.53 g/t Au from 431.00m
- RXDD128: 3.82m @ 4.51 g/t Au from 364.59m,
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- RXDD122: 0.95m @ 13.50 g/t Au from 204.44m
- §These results further demonstrate the continuity of high- grade gold mineralisation along the Youanmi greenstone belt belt, and the potential for resource growth both at depth and along-strike, with discovery potential to the south
- 35,000m Step-up drill campaign well underway with the plan to bring forward ounces and increase the mine plan
The program focused on converting Inferred stopes at Pollard, United North and Youanmi Main to higher confidence Indicated classification and providing material for metallurgical testing for the upcoming Definitive Feasibility Study (DFS) – on track for H2 CY25.
This final consignment of diamond assay results are the fourth batch of assays results returned from the drill program and have been entirely drilled from the Pollard, Youanmi and United North areas (Figure 1).
Rox Resources’ Chief Executive Officer, Phillip Wilding, commented:
“It’s pleasing to round out the 11,000m RD and DD drilling program with another batch of excellent intercepts.
“More importantly, the program has significantly improved our knowledge of the high grade and underexplored Youanmi ore system, and shown that mineralisation remains open at depth.
“Next steps are to convert Inferred areas of the Resource to the higher confidence Indicated classification, and finalise key intercepts of sample material for metallurgical test work to feed into the Youanmi DFS.
“We are excited to have commenced the 35,000m Step-up program to potentially bring forward ounces in the mine plan and significantly increase the size of the Pollard ore zone.”
Youanmi Major Growth Drill program
Resource drilling has focused on converting selected Inferred stopes in the current Mineral Resource of 16.2Mt at 4.4g/t Au for 2.3Moz (Indicated: 10.7Mt at 4.5g/t Au for 1.6 Moz : Inferred 5.5Mt at 4.2g/t Au for 0.7 Moz) 1 to higher confidence Indicated classification at Pollard, United North and Youanmi Main as shown in plan on Figure 1. The drilling has also provided both sample material for metallurgical testing and valuable geological data for the pending Definitive Feasibility Study (“DFS”) planned for second half of 2025.
Figure 1: Plan view of the Youanmi Gold Project featuring drill hole collar locations and 2024 Resource outline overprinted on aerial photography
Outside of the immediate resource area, drilling was also conducted on near-mine exploration and focused on the Youanmi South prospect area, or Paddy’s Lode, first reporting high-grade intercepts in 20232. The drilling at Paddy’s has complimented the Company’s exploration strategy moving south along the Main Lode Shear Zone (MLSZ) and adding additional gold ounces to the Resource. Youanmi South has the potential to grow the Resource above the 103kozpa Production Target outlined in the recently completed Pre-Feasibility Study (“PFS”)3.
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This article includes content from Rox Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
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This article includes content from Alice Queen Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
