Felix Gold Limited (ASX:FXG) has identified a significant new zone in Eastgate-Scrafford corridor drilling at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska.
Felix’s initial drill programme at Treasure Creek targeted shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling targeted multiple near surface mineralisation targets across numerous zones.
The latest assay results contained are from reconnaissance drilling across previously untested areas between the Eastgate and Scrafford Shear prospects at Treasure Creek
Intercepts returned included: 7.6m @ 6.48 g/t Au from 50.3m; 1.5m @ 31.4 g/t Au from 50.3m; 4.6m @ 0.78 g/t Au from 27.4m; 9.2m @ 0.43 g/t Au from 93.0m; 1.5m @ 1.76 g/t Au from 93.0m; 18.3m @ 0.40 g/t Au from 126.5m; and 1.5m @ 1.19 g/t Au from 129.5m
These results open another gold mineralised zone several kilometres to the east of the NW Array prospect, and suggest connectivity in this area with previously disclosed results approximately one km to the west on Reconnaissance Line.
These results are a further step in substantiating Felix’s expectations of the occurrence of potential substantial bulk tonnage and high-grade shallow gold deposits within the Treasure Creek Project. Follow- up and extensional drill testing is being planned to focus on the zones of gold mineralisation with the highest potential for encompassing significant verifiable gold resources.
For further information please visit: http://www.felixgold.com/
