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Felix Gold gears up for promising maiden resource

Felix Gold

Felix Gold closes in on a promising maiden resource at the world-class Tintina gold province of Alaska.

Fexlix Gold has been exploring the prosperous Tintina province since 2020, with the simple strategy to discover, delineate, mine, and explore potential partnerships with its neighbours to keep capital expenditure low.

“The Tintina gold province… has delivered 100 years of gold production throughout the area, so it’s quite prolific,” Felix Gold managing director and chief executive officer Anthony Reilly told Australian Resources & Investment.

The gold explorer struck big in 2022 with a series of high-grade intersections from its Treasure Creek prospect, including an 89.9m intersection at 1.2 grams per tonne (g/t) gold from 32m deep, and a later 3.1m at 9.92g/t gold.

Notably, gold miner Kinross operates its Fort Knox open-pit mine just next door to Felix. Fort Knox produced an impressive 291,248 ounces of gold equivalent in 2022. However, the 16 million-tonne-per-annum mill at Fort Knox operates at around 55 per cent capacity, which Felix sees an opportunity in.

“Ideally, we won’t need to spend significant capital on processing infrastructure and building a new mill if we could partner with our next-door neighbours,” Reilly said.

“And I don’t know what scenario would exist where we wouldn’t be able to do that if we were of a commercial scale.”

Once the last of its drilling assays have been processed, and its maiden resource released in the coming months, the company will examine its options.

Felix Gold expects that the area it is currently drilling, the NW Array Southern Zone, has the potential to host from 270,000 ounces to 890,000 ounces of gold – which is more than enough to get its neighbours to the negotiating table.

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