Treasure Creek Trenching Yields 3m at >35% Antimony and 5.29 g/t Gold

• Trenching at NW Array yields 3m at >35% antimony and 5.29 g/t gold
• Historic Scrafford Mine samples show 4m at 12.2% antimony and 4.24 g/t gold
• Nine samples exceed laboratory detection limits for antimony, pending further analysis
• Metallurgical test samples collected to refine processing strategies
• Project aligns with U.S. national security priorities amid Chinese export restrictions

High-Grade Discoveries at Treasure Creek

Felix Gold Limited (ASX: FXG) has announced compelling results from its recent trenching program at the Treasure Creek Project in Alaska, highlighting the discovery of high-grade antimony and gold mineralization. The program, which included four trenches at the NW Array and three trenches plus rock chip sampling at the historic Scrafford Shear, returned standout intersections such as 3 metres grading over 35% antimony and 5.29 grams per tonne gold at NWTR004.

These results not only confirm the presence of significant mineralization but also reinforce the continuity of high-grade zones previously identified through drilling. The NW Array trenches, particularly NWTR004, were strategically excavated perpendicular to mineralized structures, providing a true width estimate of mineralization and valuable structural insights.

Historic Scrafford Mine Reinforces Project Potential

At the historic Scrafford Antimony Mine, trench SCTR001 intersected 4 metres at 12.2% antimony and 4.24 g/t gold, while extensive rock chip sampling along the exposed mine face yielded 16 samples exceeding 10% antimony, including six above 35%. Gold assays were also robust, with 22 samples surpassing 1 g/t and a peak value of 4.54 g/t. These findings underscore the high-grade nature of mineralization within the Scrafford Shear and its potential for near-surface production.

Advancing Towards Near-Term Production

Felix Gold has collected bulk metallurgical samples from these zones, with phase 1 test results pending. These tests are critical to refining processing options and advancing the project towards potential near-term antimony production. The company’s Executive Director, Joe Webb, emphasized the strategic importance of Treasure Creek’s location in the U.S., especially given the recent Chinese export restrictions on antimony, which have tightened global supply and elevated prices.

Antimony’s critical role in defense, flame retardants, energy storage, and high-tech industries positions Felix Gold’s assets as a potential cornerstone for domestic supply. The U.S. government’s increased funding for critical minerals stockpiling and supply chain security further enhances the project’s strategic value.

Strategic Implications and Next Steps

The Treasure Creek Project’s dual high-grade antimony prospects, NW Array and Scrafford, offer Felix Gold a unique opportunity to become a key domestic supplier of this critical mineral. The company plans additional trenching, detailed structural mapping, and resource drilling in 2025 to better define mineralization and support development strategies.

With the U.S. Senate allocating substantial funds to secure critical mineral supplies and the Inflation Reduction Act bolstering domestic production initiatives, Felix Gold is well-positioned to capitalize on growing demand and geopolitical imperatives. The pending metallurgical results and further exploration will be pivotal in shaping the project’s production timeline and commercial viability.

Bottom Line?

Felix Gold’s high-grade trenching results at Treasure Creek mark a significant step toward securing a vital domestic antimony supply amid escalating global tensions.

Questions in the middle?

• What will metallurgical test results reveal about processing feasibility and costs?
• How quickly can Felix Gold advance from exploration to near-term production?
• What level of U.S. government support or funding might Felix Gold secure given the strategic importance of antimony?