Hill212

GOLD PROJECT

Drummond Basin, Queensland, Australia

  • Gold Project

  • 1,920 ha

  • Exploration Permit Mineral (EPM)  

  • HIGHLY PROSPECTIVE LARGE-SCALE PORPHYRY AND EPITHERMAL PROSPECTS.

  • RECENT RESULTS FROM NEARBY YANDAN PROJECT (198m @ 2.0 g/t Au and 214m @ 1.6 g/t Au) INDICATES EXCELLENT PROSPECTIVITY.

Background

  • 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:

    ▪ Scout drilling (9 holes total 730m)

    ▪ Geological mapping of the tenement.

    ▪ Airborne geophysics

    ▪ Stream sediment and soil sampling.

    ▪ Rock chip analysis and preliminary assays

  • 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.

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EXTENSIVE EPITHERMAL VEIN SYSTEM

Drill Targets Identified

  • 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.

“The Hill 212 structure is approx. 6km with up to 5 repeating structures in a high case scenario.”