Mining Directory

An advanced highly prospective 1,920ha Exploration Permit for Minerals tenement located in the Drummond Basin region, Central Queensland. Hill 212 is a low sulphidation epithermal gold-silver deposit with over 2500m of high grade, shallow and at-depth veins and vein breccias up to 8m wide, and open in multiple directions. Hill 212 is 30km east of Mt Coolon within the same geological region as the Pajingo Gold Mine which has produced over 3Moz at 10g/t. Previously explored by BHP (ASX:BHP) in 1985, Dominion Mining Ltd (ASX:DOM) in 1991 to 1992, Battle Mountain Ltd in 1993 to 1997 and Medusa Mining Ltd (ASX:MML) in 2018 to 2019. Historic exploration included: 1) Scout drilling (9 holes total 730m); 2) Geological mapping of the tenement; 3) Airborne geophysics; 4) Stream sediment and soil sampling; 5) Rock chip analysis and preliminary assays; 6) Historic exploration included soil and rock sampling, and shallow RC drilling. Assay results showing up to 6.93g/t au and 37.3g/t ag.

Far East Gold has recently completed a detailed Aster spectral survey and CSAMT geophysics survey. Over 6,000m of structure identified from spectral and geophysics - of which 2,500m has been mapped. The sub horizontal body at depth (circa 200-300m) is comparable to other bulk tonnage epithermal deposits in the Drummond Basin. Over 24 line km of CSAMT geophysics survey work completed confirming the structural corridor and multiple additional targets. This survey work has identified 11 walk up drill targets circa 2,700m drilling.