Felix Gold (ASX:FXG) is targeting June 2027 for the start of mining operations at its Treasure Creek Project in Alaska, US, subject to state approval of a mine permit.
The company lodged a mine permit application with the Alaska Department of Natural Resources on 11 November, after extensive consultation with state departments.
Felix Gold is also targeting the start of operations at its US antimony refinery in the first half of 2028.
This news comes after the company received gold results from a further 29 holes, as part of the 2026 drilling program at the Northwest (NW) Array prospect located within Treasure Creek.
Executive Director Joseph Webb says the drill results will feed into the resource modelling and technical studies for the mine, which are nearing completion.
“Treasure Creek’s near-term focus is an antimony-led development, but the gold results are building a valuable second part of the story,” Webb says.
“We’re seeing near-surface oxide gold around the antimony veins, including these results above 1 gram per tonne within the proposed development area. As we build our understanding of the gold, we’re assessing how that material could be mined alongside the antimony and whether it can add value to the operation.”
NW Array’s drill results
Infill drilling inside the proposed resource development area at NW Array returned 20.78m @ 0.91 grams per tonne gold (Au) from surface and 9.12m @ 4.51g/t Au from surface.
In the southern part of the prospect, results include 21.34m @ 1.32g/t Au from 32m, including 13.72m @ 1.79g/t Au. Assays from other reverse circulation holes in the same area remain pending.
Felix reports results also returned 19.81m @ 0.75g/t Au from 42.67m and 13.72m @ 1.10g/t Au from 16.76m, including 6.10m @ 1.76g/t Au.
Results have now been returned for 36 of the 80 holes drilled this year.
The antimony assays for eight holes remain pending and are also considered important to the mine studies.
Treasure Creek is located in Alaska’s Fairbanks Mining District and hosts the historical Scrafford Mine, the state’s second-largest historical antimony producer, with recorded production grades of up to 58% antimony.
The NW Array prospect hosts antimony and gold mineralisation within the same structural corridor.
Felix Gold is focused on helping rebuild the United States’ domestic antimony supply chain.
Write to Aaliyah Rogan at Mining.com.au
Main image: Felix Gold
