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Market Open: Far East Gold eyes golden opportunity with Idenburg

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In a sector where promising assets are often bogged down by  logistics, Far East Gold (ASX:FEG) has turned the tables with the  acquisition of the Idenburg Gold Project in Papua.

The initial  JORC Inferred Mineral Resource of 540,000 ounces of gold at an  impressive 4.1 grams per tonne (g/t) and 468,000 ounces of silver at 3.6  g/t, positions Idenburg as a project with both immediate value and  significant upside potential.

The allure of the Idenburg project lies not only in its high-grade mineralisation but also in its logistical advantage.

While  many Papua-based projects are hampered by remote locations and  challenging terrain, Idenburg enjoys access via the all-weather Trans  Irian Highway.

Market Open: Far East Gold (ASX:FEG) eyes golden opportunity with Idenburg Project acquisition