Far East Gold lifts Idenburg stake to 51%

Far East Gold Ltd CEO Shane Menere talked with Proactive about the company’s move to 51% ownership of its flagship Idenburg Gold Project in Papua Province, Indonesia, describing the milestone as a significant step in the company’s development pathway. The project currently hosts a JORC 2012 inferred mineral resource of about 780,000 ounces of gold at an average grade of 3.1 grams per tonne gold, which he described as “a very strong grade by global standards.” He said Far East Gold Ltd had now secured majority ownership of what it believes is one of Indonesia’s most exciting emerging gold projects, while also establishing a pathway to increase its ownership to 80%, and potentially 100% through negotiation. He also discussed progress on the Indonesian permitting pathway, including receipt of the governor’s recommendation, as well as the upcoming scoping study, which is currently under final review. Menere said the scoping study would bring together geology, metallurgy, permitting and the economic framework for the project. Visit Proactive’s YouTube channel for more videos, and don’t forget to give this video a like, subscribe to the channel and enable notifications for future content. #FarEastGold #FEG #ASXFEG #IdenburgGoldProject #GoldExploration #GoldMining #IndonesiaMining #PapuaProvince #ASXGold #GoldStocks #MiningStocks #JuniorMining #ResourceInvesting #GoldResource #ProactiveInvestors