Multiple, thick intersections at Treasure Creek, within the Fairbanks Gold Mining District of Alaska, show consistent mineralisation over the entire 400m traverse. 

The results for six holes at the NW Array prospect comprise 38.12m at 1.1g/t gold from 1.5m, including 7.6m at 4.13g/t gold from 6.1m and 35.1m @ 1.8 g/t Au from 16.8 downhole incl. 1.5m @ 27.2 g/t Au from 35.1m downhole.

These hits are located at the southern end of the NW Array prospect where the targeted gold-in-soil anomaly in this zone totals 2.5km x 2.5km, with the mineralisation open to the north, south, east and at depth.

Extensional drilling to kick off in 2023

“Additional drilling shows consistent gold mineralisation over the entire length of the 400m traverse, north and south of previously reported 22TRCR008 which included 89.9m at 1.2g/t gold back in early August,” Felix Gold (ASX:FXG) managing director Joe Webb says.

“They also provide evidence for a potential near surface bulk tonnage resource which significantly increases the prospectivity of the NW Array Prospect.”

Using a cut-off of 0.1g/t gold over a minimum continuous mineralised zone of 3m downhole, gold intersections were returned in all six holes.

With assays substantiating the expectations of potential bulk tonnage shallow gold resources at Treasure Creek, the company now plans to follow-up with extensional drill testing in 2023, focusing on the zones of gold mineralisation with the highest potential for encompassing verifiable gold resources.

 

 

 

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.

 

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