Far East Gold (ASX: FEG) chairman Paul Walker joins Small Caps to discuss the company’s upcoming exploration plans at Trenggalek copper gold project and the recent significant investment made by Eurasian Resources Group.
The company has defined several untested high-magnetic bodies which it believes has the potential to be large scale, porphyry type copper gold targets.
Far East is now further assessing the potential of those priority prospects with a detailed geological mapping program underway.
The potential at Trenggalek was highlighted recently when Eurasian Resources made a $4 million investment. An unlisted company 40% owned by the Republic of Kazakhstan, Eurasian identified Trenggalek as its reason for taking a stake in Far East.
Covering 12,813 hectares, the Trenggalek asset includes a significant database of information from extensive, advanced exploration work previously carried out on the project.
Notably, the area also contains the granted the Izin Usaha Pertambangan – Operasi Produksi (IUP-OP) mining licence for operation and production, which is valid for 10 years until 24 June 2029 with the ability for the company to extend the IUP-OP for two additional 10 year periods.
Articles:
https://smallcaps.com.au/far-east-gold-kick-starts-java-copper-project-international-group-first-right-to-buy/
https://smallcaps.com.au/far-east-gold-attracts-new-strategic-investor-oversubscribed-raising/
https://smallcaps.com.au/far-east-on-target-strategic-copper-gold-development-plans-indonesia/
For more information on Far East Gold:
https://smallcaps.com.au/stocks/asx-feg/
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1 Comment
They drilling gold?? Or copper…