FELIX STRIKES SHALLOW GOLD AT TREASURE CREEK

4.89m @ 20.42 g/t Au among standout results from Fairbanks program

Felix Gold Limited (ASX:FXG) has reported new shallow high-grade gold assay results from its 2025 drilling campaign at the Treasure Creek Project in Alaska’s Fairbanks Mining District. A highlight intercept includes 4.89m @ 20.42 g/t Au, with mineralisation linked to geological structures that also host high-grade antimony.

Key Drill Results

The best intersections from the program include:

13.75m @ 7.69 g/t Au from 3.29m, including 4.89m @ 20.42 g/t Au (Hole 25TCDC001)
35.10m @ 1.82 g/t Au from 24.08m, including 7.98m @ 2.52 g/t Au and 8.40m @ 3.97 g/t Au (Hole 25TCDC010)
47.25m @ 1.08 g/t Au from 24.38m, including:
- 3.04m @ 1.4 g/t Au
- 1.53m @ 1.77 g/t Au
- 1.52m @ 2.41 g/t Au
- 4.57m @ 2.27 g/t Au (Hole 25TCRC034)
16.01m @ 1.71 g/t Au from 34.28m, including 8.14m @ 2.79 g/t Au (Hole 25TCDC021)

Geological Context

The mineralisation is tied to breccia-style structures and remains open along strike and at depth. Several intersections correlate with areas previously reporting >1% Sb antimony grades, suggesting overlapping mineral systems.

Strategic Positioning

Felix is the largest landholder in the Fairbanks Mining District, situated just 20 minutes from Kinross Gold’s Fort Knox Tier 1 operation. The district has seen over 16 million ounces of historical production.

Felix Gold’s Executive Director, Joe Webb, commented:

These results showcase exceptional gold grades in Alaska’s premier Fairbanks Mining District with Fort Knox, a Tier 1 operation, located 20 minutes from our project.

The geology is particularly encouraging. We’re seeing high-grade gold within the same structures that host our antimony mineralisation, with gold forming broader halos around these zones. The 13.75m @ 7.69 g/t intersection in hole 001, including 4.89m @ 20.42 g/t, demonstrates the grade potential within these weathered breccia structures.

For shareholders who joined us during the antimony story, these results highlight the significant gold opportunity at Treasure Creek. As the largest landholder in a district with over 16 million ounces of historical production, we’re demonstrating the quality of our gold asset while systematically defining these mineralised structures—which remain open along strike and at depth.