Felix Gold (ASX:FXG) has identified broad zones of gold mineralisation at the Treasure Creek Project in Alaska, following a drilling campaign at the NW Array prospect.
Drilling returned results including 47.43m @ 2.45 grams per tonne gold from 29.35m, including 20.27m @ 3.35g/t gold; 29.41 @ 3.9g/t gold from 49.25m; 41.14m @ 0.96g/t gold from 21.34m, including 10.67m @ 2.19g/t gold; 22.86m @ 0.65g/t gold from 28.96m.
To date, Felix has received assays from 11 drillholes, which are located in the central part of the NW Array prospect. The company expects to return further assays in the coming weeks.
Located 30km from Kinross Gold’s (NYSE:KGC) Fort Knox mill in Alaska, the NW Array prospect remains an important piece of Felix’s Treasure Creek Project, due to its known antimony and gold mineralisation, hosted within the same structural corridor.
Executive Director Joe Webb says these new results, along with previous assays, highlights a “significant mineralised system” at the project.
“With gold exceeding US$5,000 per ounce this week, the timing couldn’t be sharper,” Webb says.
“Kinross has publicly stated its strategy: sourcing third-party ore to feed an underutilised Tier 1 Fort Knox Mine.
“We’re 30km away with 831,000 ounces of JORC gold and the largest land position in the district. The pathway exists – they’ve proven it works.”
Webb explains that while gold is an important commodity for the company, it is “only half of the Felix Gold story”.
“We’re building America’s antimony solution – targeting the first fully integrated US mine-to-metal operation in over 30 years,” Webb adds.
The US domestic supply of antimony is virtually non-existent, with around 90% of global antimony production sourced from China, Russia, and Tajikistan, as reported by Mining.com.au.
With ongoing export bans from China, Western nations such as Australia, Canada, and the US are suffering significant supply risks, as the need for critical minerals continues to grow.
Mining.com.au reported last year that antimony has gone from niche to indispensable in short order, due to export bans.
“Felix Gold is advancing toward military-grade antimony metal production from proven domestic ore, with a clear pathway to near-term production,” Webb says.
“What makes this compelling is that these opportunities are geologically linked. Gold forms broader mineralised halos around high-grade corridors that host both gold and antimony.
“Material that might otherwise be waste in an antimony operation becomes potential mill feed for Fort Knox.”
The Treasure Creek Project, located in Alaska, hosts one of the only proven sources of antimony ore in the US.
The NW Array prospect hosts the historical Scrafford Mine, which is known as the state’s second-largest historical producer of antimony.
Felix Gold is a gold and critical minerals explorer focused on developing the Tintina gold province of Alaska in the US.
Write to Maddison Elliott at Mining.com.au
Images: Felix Gold
