Australia's Far East Gold hits near two-week high on bullion find

Far East Gold

12/04/2022 04:23

** Shares of Far East Gold Ltd  FEG.AX  surge as much as
11.5% to A$0.290, their highest since April 1
    ** Copper-gold explorer says it has identified zones of
bonanza grade gold within the Anak Perak vein system in co's
flagship Woyla project in Indonesia  urn:newsml:reuters.com:*:nASM0007CF
    ** Says a sulphide-rich zone has also been identified within
the same system 
    ** Says new discoveries extend the Anak Perak prospect's
vein system to 4,700m in length, which would double potential
resource area
    ** Shares see their best day in a week, if gains hold
    ** Stock has risen 14% since its IPO debut on March 28 

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))