Felix Gold extends Treasure Creek gold search with 17.31 g/t interval

Northern Step-Out Returns High-Grade Gold

Felix Gold Limited (ASX:FXG) has produced its most consequential early result from Treasure Creek’s 2026 drilling campaign, with hole 26TCRC023 returning 12.19 metres at 2.84 g/t gold from 36.58 metres downhole. The interval includes 1.52 metres at 17.31 g/t, although the company says most of the average grade is concentrated in that single sample and the true width of the mineralisation is not known.

The hole sits about 1.2 kilometres north-northeast of the NW Array prospect, where Felix has been focused on gold and antimony mineralisation. The company cautions that the distance is a straight-line measurement and does not establish continuity between the two areas. A second northern hole, 26TCRC024, returned 10.67 metres at 0.61 g/t gold, while 26TCRC023 also produced a shallower 22.86-metre interval at 0.68 g/t.

Gold and Antimony Remain Closely Linked

Hole 26TCRC019 added a second commodity to the northern results, intersecting 6.10 metres at 1.16 g/t gold alongside 3.05 metres at 1.04% antimony, including 1.52 metres at 1.83% antimony. Felix describes the mineralisation as likely related to discrete fault structures in schist, rather than yet having established a continuous orebody.

The exploration arrives as the company advances June antimony extraction at Treasure Creek, where it has begun bulk-sample work around the NW Array open cut. Felix says the same geological corridor hosts both commodities, while infrastructure near Fairbanks could potentially serve future gold and antimony operations. That development case remains preliminary: no JORC-compliant antimony resource or reserve, feasibility study or commercial processing agreement has been completed.

Southwest Drilling Confirms Additional Gold Zones

Four holes testing the southwest of NW Array returned further, lower-grade gold intersections. Hole 26TCRC031 recorded 15.24 metres at 0.59 g/t and 9.14 metres at 0.69 g/t, while hole 26TCRC028 returned 4.57 metres at 1.21 g/t and 6.10 metres at 0.97 g/t. Two holes, 26TCRC026 and 26TCRC030, did not meet the company’s reporting criteria for significant mineralisation, although 26TCRC030 contained a separate 1.52-metre sample at 0.96 g/t.

Felix says the southwest drilling supports its interpretation that gold occurs around the contact between felsic porphyry and schist. The company’s geological model points to higher grades above 1-2 g/t being associated with fault zones, while broader, lower-grade mineralisation is more commonly hosted in altered felsic rock.

Seventy-Three Holes Still Await Assays

The release covers just seven of 45 RC holes drilled in 2026. The full campaign comprised 80 holes, including 35 diamond holes, with results from the remaining 38 RC holes and all 35 diamond holes still pending. Felix plans to incorporate the new data with its 2025 drilling in an updated NW Array gold resource estimate and work towards a maiden antimony resource assessment.

The headline 17.31 g/t sample carries a laboratory heterogeneity flag, indicating possible coarse gold and potentially lower precision. Hole 26TCRC024 was also stopped early at 65.53 metres because of caving. Those qualifications do not erase the northern result, but they make the next batch of assays important: the key question is whether the high-grade sample represents a repeatable structure or a local concentration.