Far East Gold, a junior exploration company, has announced the first inferred resource estimate for its Idenburg project, located near the border of Indonesia and Papua New Guinea.
Currently, the project’s inferred resources include 540,000 ounces of gold at a grade of 4.1 g/t and 468,000 ounces of silver at a grade of 3.6 g/t.
These estimates are based solely on three of the 14 known prospects at Idenburg—Sua, Bermol, and Mafi—without any additional drilling.
Instead, the company utilized historical drilling data and updated topographical survey data with a 3D model to calculate the resource estimates.
In the 2000s, previous project owners conducted 59 drill holes, including 22 at Sua, 7 at Bermol, 23 at Mafi, and 4 at Sikrima.
Looking ahead, Far East Gold believes that further surface mapping and sampling analysis, combined with a planned first-phase drilling program, should enhance the resource estimates.
The company noted that while the resource estimate includes data from the Mafi prospect, it was calculated using “absolute minimum values.”
[Sourece – 上海有色网] 印尼艾登堡金银项目首次公布资源量 https://news.smm.cn/news/103051801
