Far East Gold CEO Shane Menere joins Jonathan Jackson in the Proactive Australia studio to discuss a new phase of scout drilling at the company’s Woyla Copper-Gold Project in Indonesia. The company is focused on the Victory vein within the high-priority Aloe Rek prospect. Menere gives us a quick overview of the company and its Indonesian and Australian assets, before bringing the focus back to Woyla, the significance of previous work done there by Barrick Gold, the extended resource delineation campaign at Rek Rinti and how all the work being done in Indonesia ties into the company’s aims. It’s a busy time ahead for FEG, with plenty of news to come in the coming months.
“We are extremely excited at the prospect of drills turning at Aloe Rek. This milestone will be yet another remarkable first for us at Woyla," Menere said. "It is incredible to think it is nearly 27 years to the day from when Barrick had hoped to commence drilling at its priority target, Aloe Rek and that Far East Gold will make this happen."
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Proactive Investors
Jonathan Jackson
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Far East Gold Limited is a copper and gold exploration company with projects in Australia and Indonesia. Its projects include Woyla Copper Gold, Trenggalek Copper Gold, Wonogiri Copper Gold, Mount Clark West Copper Gold, Hill 212 Gold, Blue Grass Creek Gold and Reedy Creek. The Woyla Copper Gold Project consists of an area of 24,260 hectares (ha). The Woyla Copper Gold Project prospects include Anak Perak Prospect, Aloe Eumpeuk Prospect, Aloe Rek Prospect, and Beurieung Porphyry Copper Prospect. The Trenggalek Copper Gold Project is an advanced 12,813 ha Izin Usaha Pertambangan-Operasi Produksi (IUP-OP) mining license for operation and production located in East Java, Indonesia. The Trenggalek Copper Gold Project prospects include Sentul Prospect, Sumber Bening Prospect, and Buluroto Prospect. The Wonogiri Copper Gold Project is an Advanced 3,928 ha IUP (Exploration Mining Permit) for porphyry and epithermal gold and base metals. The Reedy Creek Project covers over 3,840 ha.