These results couldn’t be more perfectly timed with antimony emerging as a critical strategic metal in the US due to its significance in the production of military equipment. Pic via Getty Images / Stockhead
Mining
Felix Gold uncovers high-grade, near surface antimony at the NW Array prospect within its Treasure Creek project in Alaska, opening alternative commercialisation opportunities.
Felix Gold’s (ASX:FXG) ~400sqkm Treasure Creek project lies in the Fairbanks gold mining district in the Tintina gold province of Alaska, a province boasting 100 years of gold production.
FXG’s ground, sandwiched between Kinross’ 11.8Moz Fort Knox mine (19km away) and Freegold Ventures’ 19.7Moz Golden Summit Project (18km away), returned a substantial discovery at the NW Array in 2022 as well as several other potential gold systems.
But the project also boasts strong antimony potential given Treasure Creek was once home to the Scraffort Shear antimony mine, which operated intermittently from 1915 to 1977, achieving remarkably high production grades grading from 38% to 56% antimony.
Felix has long believed the project holds the endowment to support a bona fide gold-antimony mine with previous drilling intersecting high-grade stibnite – the mineral that hosts antimony – and returning a 6.1m intersection of more than 5% stibnite.
Latest drilling results from eight holes at the NW Array prospect have further confirmed the antimony opportunity at Treasure Creek with near surface results, including:
These results couldn’t be more perfectly timed with antimony emerging as a critical strategic metal in the US due to its significance in the production of military equipment.
There is also no current domestic antimony production in the US, which puts FXG in the box seat to prove up its resources.
“The discovery of multiple high-grade antimony zones, near surface, with results up to 28% Sb, opens alternative commercialisation opportunities for Felix Gold,” FXG executive director Joe Webb says.
“While antimony is often found in lower concentrations alongside gold deposits, the extraordinary high-grade nature of this antimony discovery presents opportunities to assess the independent potential of antimony operations.”
Webb will be hosting a live and online investor briefing on Thursday, 26 October at 12PM (AEDT) where he will discuss these results and provide a broader company update, register here.
This article was developed in collaboration with Felix Gold, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
