Felix finds new Alaskan anomalies aside major operations

Auger drilling highlights exceptional new Alaskan gold anomalies
Mineralisation found on Felix’s border with a major project
Opportunity for commercialisation and near-term antimony production

Special Report: Felix Gold’s auger campaign has put a spotlight on what it considers to be exceptional anomalies in a strategic gold location next to tens of millions of ounces.

The systematic 159-hole auger program across the entire NE Fairbanks project returned values up to 0.57g/t gold and several zones for follow-up less than 10km from more than 33.6Moz of combined resources held by major regional players.

Gold was notably identified on the Felix boundary next to recent Kinross Gold (NYSE:KGC) drilling areas at its 11.27Moz Fort Knox Mine, and Freegold Ventures’ (TSX: FVL) massive 22.4Moz Golden Summit project lies even closer.

Felix Gold (ASX:FXG) executive director Joe Webb said the results underscored the project’s strategic importance next to the two major assets.

“The peak gold assays from our soil sampling program, including values of up to 568 ppb (0.57 g/t Au), are significant, given that 50-100 ppb soil anomalies are considered material in this region,” Webb said.

“The proximity to Kinross Gold’s Fort Knox Gold Mine, where Kinross is actively exploring near our boundaries for more ore supply, adds to the significance of our project area which already has a rich mining history with historic assays of up to 1.84oz/tonne gold.”

“This complements our growing near-term antimony production opportunity, reinforcing our strategy to deliver both critical minerals and precious metals.”

Webb added the company was increasingly confident in the commercial potential of its gold assets as it continued to unlock value across the FXG portfolio.

Sampling locations shown within the renowned gold district. Pic: FXG

Click here to hear directly from FXG Executive Director Joe Webb in their upcoming Investor Update.

Alaskan opportunity

While a flock of ASX-listers are having their time in the sun in the golden brownfields of Western Australia, fewer are looking at the long-proven goldfields of Alaska as their opportunity to find new large-scale potential near old mines.

Felix’s own territory is comprised of four key projects across almost 400km2 of the Fairbanks gold district, and a historical Grant gold mine which holds 136,000oz of gold at 6.2g/t within its broader lower grade 364,000oz resource.

Felix sees gold from multiple sources, including placer mining production in creeks, multiple large-scale soil anomalies, and historical drill records lying open with intersections characteristic of the Fort Knox grade profile.

Earlier successes showing an open-at surface, flat-lying system with the ability to be fast-tracked to production through the Fort Knox mill already had the FXG ticker on the rise, and then Chinese restrictions on antimony lead it to becoming one of Stockhead’s top stocks of September.

Felix’s territory also plays host to the historic Scrafford antimony mine, which once produced antimony at between 38-56% Sb – some of the highest ever known grades.

The company has near-term standalone production in sight for the military-critical mineral and is also looking at commercialising the combined 832,000oz of gold collected across its territory so far.

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.