Company Profiles, Exploration/Development, Gold, News

Felix Gold opens the Treasure chest

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Felix Gold recently received assay results for the final 17 drill holes at its NW Array prospect at Treasure Creek, bringing the company one step closer to defining a maiden resource in the coming months.

“These results carry substantial weight as they have definitively delineated the orientation of mineralised gold zones, including zones rich in high-grade antimony,” Felix Gold managing director and chief executive officer Anthony Reilly said.

“This achievement marks a significant milestone, opening a potential strike length of over 2km and revealing the potential for parallel trends supported by soil anomalies. Notably, primary gold mineralisation remains open at varying depths and directions.

“The strategic drilling approach is concentrated on targeting near-surface oxide gold mineralisation, showcasing grades comparable to, or surpassing, the current head grades of nearby Kinross’s Fort Knox Mine, a local Tier 1 gold mine searching for additional ore supply.”

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

The gold explorer struck big in 2022 with a series of high-grade intersections from its Treasure Creek project, 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.

Felix Gold managing director Anthony Reilly will be holding a live and online investor briefing this Thursday 17th August at 1pm (AEST) to discuss their strategic location and drilling results. Register for the briefing here.

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