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Goldman Trenching exposes 67m of gold over 90m with strong drill hits as mineralisation remains open in all directions
Felix Gold Limited (ASX:FXG) has reported further drilling and trenching results from the Northwest (NW) Array at its Treasure Creek Project in Alaska, confirming extensions to gold mineralisation within a broader antimony-focused target area.
The latest results stem from a tightly focused, small-footprint drill program designed to test high-grade antimony mineralisation within a broader gold halo. The work has confirmed strong gold mineralisation associated with massive stibnite veins and a north-northeast trending breccia unit. The program also contributes data for waste rock characterisation and other inputs required for near-term production studies.
An initial step-out trench approximately 130 metres west of the main 2025 drilling area has now been completed, extending the known mineralised corridor.
High-grade trench and drill results
Surface trench 25NWTR001 exposed 67 metres of gold mineralisation across a 90-metre trench, including:
- 26m @ 1.86 g/t Au
- Including 12m @ 2.86 g/t Au
The trench is located 130 metres west of the main drilling area and extends the NW Array mineralised corridor into ground acquired by Felix in May 2024, confirming historical shallow air-track drilling results.
Best drill results reported include:
- 47.36m @ 1.34 g/t Au from 19.5m, including:
- 7.8m @ 1.79 g/t Au from 29.24m
- 7.09m @ 2.27 g/t Au from 59.77m (Hole 25TCDC020)
- 15.71m @ 2.91 g/t Au from 37.61m, including:
- 11.01m @ 3.87 g/t Au (Hole 25TCDC004)
- 13.72m @ 2.83 g/t Au, including:
- 7.62m @ 4.45 g/t Au from 27.43m (Hole 25TCRC003)
Felix noted that mineralisation remains open along strike and at depth. Gold assay results are pending for 44 diamond holes and 18 RC holes, with additional antimony and multi-element assays pending for a further 45 diamond holes and six RC holes.
The company said drilling within the zone has targeted the orientation and continuity of massive stibnite veins across multiple directions, while also testing the broader gold halo surrounding the antimony-bearing structures.
Joseph Webb, Executive Director
Following our recent announcement of 47 metres at 2.45 g/t and 29 metres at 3.90 g/t gold from drilling, today’s trenching results show the mineralised system extends at least 130 metres further west along strike — with 67 metres of gold mineralisation exposed across a 90-metre trench. The system remains open in all directions.
Gold built this company, however our immediate focus remains building America’s first fully integrated antimony supply chain, from ore to metal, on U.S. soil. Our 831,000-ounce JORC gold resource represents significant strategic optionality that we continue to advance in parallel. Today’s results reinforce the value embedded in our gold portfolio.
NW Array hosts both commodities within the same structural corridor. Gold forms broader mineralisation halos around the antimony-bearing structures being targeted for near-term production. The infrastructure, permitting, and baseline studies serve both antimony and gold. The drilling generates data for the two commodities – one platform, complementary value creation.
We are located 30 kilometres by road from Kinross Gold’s Fort Knox mill which is a Tier 1 facility actively seeking additional ore under its Kinross Alaska strategy. With gold prices hitting all time high, the potential for a simple extraction strategy is high. We see great potential in the district which is why we are currently the largest landholder in the Fairbanks Gold Mining District.
