Felix Gold (ASX:FXG) has expanded the known mineralised system after making two new discoveries of massive crystallised stibnites at the Treasure Creek Project in Alaska.
The discoveries were made at surface 35m east and 75m west of previously reported drilling with average widths from up to 1m. Antimony mineralisation was documented at two separate drill pad sites.
Felix, which has a market capitalisation of $198.5 million, says the presence of stibnite at surface highlights the potential for additional shallow, high-grade mineralised zones open in all directions.
Executive Director Joe Webb says the latest drilling continues to deliver “high-grade” intercepts, plus massive, crystallised stibnite exposed from surface.
“The company is advancing every element required for production – from baseline environmental studies and permitting through to engineering design, exploration expansion, and feasibility studies – ensuring a technically robust and environmentally responsible pathway to near-term US supply,” Webb says.
“Felix Gold is building a reliable, end-to-end solution – providing potential ore supply, compliant development, and targeting stockpiling imminently.”
Some of the latest results include 6.1m @ 7.86% antimony from 39.6m; and 7.62m @ 2.55% antimony from 15.24m, including 3.05m @ 6.19% antimony from 15.24m.
To date, 97 holes have been drilled for 6,430m. Assays remain pending for 64 antimony holes and 97 gold holes.
Drilling is ongoing with a short mid-season break between December 2025 and January 2026.
Further, the company expected a bulk sample permit amendment approval this quarter, amid multi-year operational permit preparations advancing.
Felix is also continuing engagement with potential offtake partners and funding sources.
The Treasure Creek Project hosts the historical Scrafford Mine – Alaska’s second-largest historical antimony producer with recorded production grades up to 58% antimony.
Felix Gold is a mineral explorer, primarily focused on gold and antimony, with three key brownfield projects in Alaska’s Tintina gold province.
Write to Aaliyah Rogan at Mining.com.au
Images: Felix Gold
