FELIX GOLD LIMITED Felix Gold Limited advised of assay results for a further twenty-seven (27) holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District in Alaska, USA. Felix's 2022 RC drill program at Treasure Creek targeted shallow large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects specifically aimed at near-surface mineralisation potential across numerous zones. The results from the 18-hole program at Scrafford Shear reported in this release (see Table 1) tested the near surface gold mineralisation extent of the Scrafford Shear, which is a 8km structural zone extending from Line 18 (in the east) to the Wildcat Prospect (in the west).
Interpretation supported by geophysics and recent drilling demonstrates that the Scrafford Shear has been repeated several times through a series of thrust faults. This opens an extensive +15km equivalent strike zone of gold mineralisation. Mineralisation at the Scrafford Shear is hosted within a fault zone comprising of unaltered, grey quartz- muscovite biotite schist and the footwall is highly oxidized, sheared argillic altered mica-rich schist.
The NW Array Southern Zone results contained in this release (see Table 2) pertain to a traverse drilled 150 250m east of previously reported holes at NW Array. They are relatively shallow and demonstrate continuation of the NW Array Southern Zone gold mineralisation to the east. NW Array has seen extensive, near-surface, thick gold mineralised intercepts returned from 2022 drilling including the previously reported 22TCRC008 (which included 89.9m @ 1.2 g/t Au; see ASX release dated 1 August 2022).
Broad zones of bulk tonnage mineralisation have been intercepted across the southern zone of NW Array as part of a larger 2.5km x 2.5km gold mineralised system, and these are open in all directions and to depth. In addition, these broader zones also contain substantial intercepts of high-grade gold mineralisation. Antimony-bearing mineral, stibnite, has been increasingly logged in RC chips and diamond core from 2022 drilling at NW Array, Scrafford Shear and Eastgate.
As a result, Felix has elected to undertake a new assay program to target the potential high-grade zones of antimony within the relevant chip and core samples obtained from the 2022 drilling program. Treasure Creek is known to host substantial gold-antimony mineralisation at the historic Scrafford Mine (see Table 3 below), which was the largest antimony mine in Alaska with grades of up to 58% Sb (reference FXG Prospectus). Locally, high-grade gold-antimony mineralisation is encountered in trenches in several locations along the Scrafford Shear trend.
Antimony has been listed as a mineral critical to U.S. economic and national security by the U.S. Department of Interior, a distinction also held by rare earth elements (REEs), cobalt, and uranium. Despite this designation, there has been comparatively little attention on antimony and its importance in the current environment. Known gold-antimony mineralisation at Treasure Creek is related to shears and faults hosted by schist and porphyritic felsic intrusive rocks.
The main prospects are therefore Scrafford Shear, NW Array, Eastgate and Line 18.
