Idenburg - Phase 1 Drilling Update - Extension of zones confirmed
Good morning,
Drilling is currently underway at the Bermol prospect, a key area of the Company’s flagship Idenburg Project. Observations from the early drill holes confirm the lateral extension of the quartz and sulphide (pyrite-arsenopyrite) bearing shear zone intersected in historical drill programs. Assays are underway and results pending. FEG will continue to test and drill along strike and at depth.
These initial observations are highly encouraging and continue to validate the company’s detailed exploration program and strategy to increase the Idenburg JORC Resource from the existing 540,000oz (@4.1g/t).
GLTAH
FEG Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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