Felix Gold Drills 6.1m at 7.86% Sb, Expands Treasure Creek Antimony System
Felix Gold has revealed two new massive surface stibnite discoveries at its Treasure Creek project in Alaska, significantly expanding the known high-grade antimony mineralisation. These findings, alongside robust drilling results, reinforce the project's potential to address critical US supply shortages amid global market disruptions.
- Two new massive surface stibnite discoveries at Treasure Creek
- High-grade antimony drill intercepts confirm system continuity
- Project expansion beyond previous drilling coverage
- Advancing permitting and feasibility studies targeting near-term production
- Strategic alignment with US government critical minerals priorities
Expanding the Treasure Creek Antimony System
Felix Gold Limited (ASX, FXG) has announced two significant new surface discoveries of massive crystallised stibnite at its Treasure Creek project in Alaska. These discoveries, located 75 metres west and 35 metres east of previously reported drilling, reveal wider mineralised zones up to 1 metre thick and confirm that the high-grade antimony system extends well beyond earlier drill coverage.
The stibnite, a near-pure antimony sulfide mineral, was exposed during drill pad construction, providing a rare and valuable visual confirmation of the mineralisation at surface. This expands the known footprint of the mineralised system and suggests additional upside potential for resource growth.
Robust Drilling Results Validate Continuity and Scale
Complementing the surface discoveries, recent drilling results have delivered multiple high-grade antimony intercepts. Notably, a 6.1-metre interval grading 7.86% antimony and a broader 13.72-metre zone at 1.42% antimony demonstrate both the grade and thickness continuity of the mineralised veins and breccia units.
These results confirm mineralisation continuity over a strike length exceeding 200 metres and vertical depths beyond 150 metres, with the system remaining open for further expansion. The drilling program, comprising 97 holes and over 6,400 metres, continues with assays pending for many holes, promising further insights into the deposit's scale and grade distribution.
Strategic Importance Amid US Supply Chain Challenges
Felix Gold’s Executive Director, Joe Webb, highlighted the critical strategic context underpinning these developments. With the United States facing near-total import dependence on antimony; an essential metal for defense, clean energy, and industrial applications; the project offers a domestic supply solution urgently needed after China’s export ban in late 2024.
The US government has responded with emergency declarations and funding initiatives to boost domestic critical mineral production. Felix Gold’s Treasure Creek project aligns directly with these priorities, aiming for near-term production through a low-capital, modular approach that leverages high-grade surface mineralisation and existing infrastructure near Fairbanks, Alaska.
Advancing Towards Production and Permitting
The company is rapidly progressing permitting, including a bulk sample permit amendment and preparation of a multi-year operational permit. Concurrently, feasibility-level engineering and metallurgical testwork are underway to define processing parameters and capital requirements.
Felix Gold’s strategy emphasizes a streamlined development pathway, focusing on small-scale surface mining to reduce geological and environmental risks. This approach could enable initial production as early as late 2025 or early 2026, positioning the project as a timely contributor to US antimony supply chains.
Looking Ahead
While assay results for many drill holes remain pending and production scenarios are conceptual, the combination of new surface discoveries, strong drilling results, and strategic government support paints a promising picture. Felix Gold is poised to play a pivotal role in re-establishing a secure, domestic source of this critical mineral for the United States.
Bottom Line?
Felix Gold’s expanding Treasure Creek discoveries could soon reshape the US antimony supply landscape amid urgent national security demands.
Questions in the middle?
- How will pending assay results influence the overall resource estimate and project economics?
- What are the timelines and hurdles for securing full operational permits and commencing production?
- How might Felix Gold’s modular mining approach impact scalability and investor returns?
