Felix Gold Unveils High-Grade Gold Hits at Treasure Creek, Alaska
Felix Gold Limited reports standout high-grade gold assay results from its 2025 drilling at the Treasure Creek Project, highlighting significant intersections and a promising structural link with antimony mineralisation in Alaska’s historic Fairbanks Mining District.
- 13.75m @ 7.69 g/t Au including 4.89m @ 20.42 g/t Au from shallow drilling
- Gold mineralisation structurally related to high-grade antimony zones
- Project remains open along strike and at depth for expansion
- Located near Kinross Gold’s Tier 1 Fort Knox mine with strong infrastructure
- Metallurgical studies show high-grade antimony concentrate and potential for separate gold recovery
Strong Gold Grades Confirmed at Treasure Creek
Felix Gold Limited (ASX, FXG) has released compelling assay results from its 2025 drilling campaign at the Treasure Creek Project, situated in Alaska’s prolific Fairbanks Gold Mining District. The standout intercept of 13.75 meters grading 7.69 grams per tonne gold, including a high-grade core of 4.89 meters at 20.42 grams per tonne, underscores the project's potential to host significant gold mineralisation near surface.
These results are particularly notable given the shallow depth of the intercepts, which could translate into more cost-effective extraction if developed. The drilling program targeted geological structures that host both gold and antimony mineralisation, revealing a complex but promising relationship between the two metals.
Gold and Antimony, A Complementary Mineralisation Story
Gold mineralisation at Treasure Creek is closely associated with a set of geological structures that also contain high-grade antimony. Felix Gold’s data indicates that gold tends to form a broader halo around antimony-rich zones, with some antimony samples exceeding 1% Sb and containing gold grades from 0.24 to 6.5 g/t. This dual commodity presence enhances the project's economic appeal, offering multiple revenue streams.
Metallurgical testwork has validated the production of a 74% antimony concentrate that surpasses US military specifications, with an impressive 89.2% of raw ore comprising antimony-bearing minerals. Importantly, the studies also identified the potential for separate gold recovery from antimony concentrates and tailings, which could significantly improve overall project economics.
Strategic Location in a Premier Mining District
Treasure Creek lies within the Fairbanks Gold Mining District, a region with over 16 million ounces of historical gold production. Felix Gold is the largest landholder in this district, which benefits from established infrastructure including power, roads, and a skilled workforce. The project is just 20 minutes from Kinross Gold’s Fort Knox mine, a Tier 1 operation with a 40,000 tonnes per day mill and heap leach facilities, providing a strong logistical advantage.
Felix Gold’s Executive Director, Joe Webb, highlighted the encouraging geology and proximity to Fort Knox, emphasizing the company’s systematic approach to defining mineralised structures that remain open for expansion both along strike and at depth.
Ongoing Exploration and Development Plans
The 2025 drilling program has completed over 120 holes combining reverse circulation and diamond drilling, with assay results pending for the majority. Felix Gold plans to integrate these results into an updated resource model that includes both gold and antimony. Further structural geology studies, surface mapping, and metallurgical testwork focused on gold recovery are underway.
Looking ahead, Felix Gold aims to advance a bulk sampling program for antimony and progress multi-year operational permitting, targeting submissions in early 2026. These steps are contingent on technical studies, funding, and board approvals but signal a clear pathway toward project development.
Felix Gold’s dual focus on gold and critical minerals positions it uniquely within the Tintina Gold Province, aiming to leverage the district’s rich history and infrastructure to deliver a Tier 1 discovery.
Bottom Line?
Felix Gold’s latest drilling results reinforce Treasure Creek’s potential as a dual gold-antimony asset, setting the stage for resource expansion and development milestones in 2026.
Questions in the middle?
- How will pending assay results from the remaining drill holes impact the overall resource estimate?
- What are the economic implications of separate gold recovery from antimony concentrates?
- How quickly can Felix Gold advance permitting and funding to move toward bulk sampling and potential production?