Far East Gold (ASX:FEG) started infill and resource expansion drilling in the Sua, Mafu, and Bermol prospects, as well as initial drilling at the Kwaplu prospect, within the Idenburg project in Indonesia, according to a Thursday filing with the Australian bourse.
Two diamond rigs are operating at the Bermol prospect as part of the program, which will also provide core composite samples for metallurgical testing, the filing said.
Shares rose past 14% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.