Felix Gold Limited (ASX: FXG) has identified a large new gold zone with assay results from a further 11 RC holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, USA.
The company has drilled multiple near-surface intercepts returned including: 12.2m @ 2.65 g/t Au from 73.2m downhole; 3.1m @ 9.92 g/t Au from 73.2m; 3.0m @ 3.2 g/t Au from 36.6 downhole 4.6m @ 0.98 g/t Au from 1.5m downhole; 4.6m @ 0.72 g/t Au from 73.2m 3.1m @ 0.50 g/t Au from 83.8m and 3.1m @ 0.32 g/t Au from 94.5m.
“The reported results from the first line of outright reconnaissance drilling at Treasure Creek are significant. They show multi-kilometre extensions of the Eastgate Central Prospect to the south-west and significantly open-up another previously untested multi-kilometre mineralised zone,” Managing Director and CEO, Joe Webb, said.
“Felix’s maiden drill programme at Treasure Creek is progressively discovering multiple gold zones with evidence of significant scale – this includes the previously reported results from the NW Array Southern Zone of 89.9m at 1.20 g/t Au from 32.0m downhole and 33.5m at 1.63 g/t Au from 1.5m downhole. So far, results have only been returned and announced for 20 out of the 131 holes drilled at Treasure Creek.
“The results are even more significant in the broader context of the Fairbanks Gold Mining District, where Kinross’s Fort Knox operation is planning to truck ore in from up to 500km away from 2024.
“Fort Knox is also currently mining the local Gill Mine at average grades of approximately 0.55 g/t Au. Felix’s maiden drill programme results amply demonstrate that the Fairbanks Gold Mining District remains relatively underexplored, with the growing potential for large-scale gold deposits with multiple potential commercialisation pathways.”
For further information please visit: https://www.felixgold.com.au
