Far East Gold (ASX: FEG): Drilling Commences at Mount Clark West Copper-Gold Project, Queensland
Far East Gold Limited (ASX: FEG) has commenced drilling at its Mount Clark West (MCW) Copper-Gold Project in central Queensland, following the signing of the Conduct and Compensation Agreement and engagement of Eagle Drilling NQ Pty Ltd.
This second-phase drilling program marks a key milestone toward confirming the large-scale porphyry copper-gold potential of the project.
Key Highlights
✅ Drilling commenced 6 November 2025, with one rig testing high-priority targets defined by MIMDAS geophysics, geochemistry, and structural mapping. ✅ 1,800m (3-hole) RC and diamond drilling program underway, with potential for a fourth follow-up hole. ✅ Historical drilling intersected 104m @ 0.1% Cu (incl. 14m @ 0.23% Cu) from 114m (hole MCDD002), interpreted as the outer edge of a porphyry system. ✅ Geophysical and geochemical modelling points to multiple porphyry centres with Cu-Au-Mo mineralisation potential. ✅ Project located within the Connors Arc volcanic belt — host to Tier-1 deposits such as Mt Carlton and Cracow.
CEO Commentary – Shane Menere
“This drilling marks a major step forward for Far East Gold’s Australian portfolio. The rig is now turning at Mount Clark West, targeting what we believe to be the heart of a large porphyry copper-gold system. Every metre drilled from here will tell us more about the scale of this discovery opportunity.”
Investor Outlook
With a share price of A$0.15 and a market capitalisation of A$55.05 million, Far East Gold continues to advance both its Indonesian and Australian portfolios. The Mount Clark West drilling complements the Company’s high-grade gold discoveries at Idenburg and Woyla, reinforcing its strategy to unlock tier-one copper-gold systems across the Asia-Pacific.
Read More - https://colitco.com/far-east-gold-drilling-mount-clark-west/
📢 Disclaimer: This is not investment advice. Please conduct your own research before making investment decisions.