Core Insights - Felix Gold has reported significant drilling and trenching results from the Northwest Array at Treasure Creek, indicating notable extensions to gold mineralisation [1][3] - The Treasure Creek Project spans 11,687 hectares in the Fairbanks Mining District of Alaska, which is known for its rich gold resources [1][5] Drilling and Trenching Results - The drilling program focused on the orientation and continuity of stibnite veins and breccia units, supporting waste rock characterisation and near-term production studies [2] - High-grade gold findings include a trench (25NWTR001) revealing 67m of gold mineralisation over a 90m section, extending the mineralised corridor into newly acquired territory [3] - Notable drill results include hole 25TCDC020 with 47.36m at 1.34 grams per tonne (g/t) gold, hole 25TCDC004 with 15.71m at 2.91g/t gold, and hole 25TCRC003 with 13.72m at 2.83g/t gold [4] Exploration Potential - Felix Gold is the largest landowner in the Fairbanks Gold Mining District, which contains 831,000 ounces of Joint Ore Reserve Committee gold resources and significant exploration potential over more than 1,500 km² [5] - The district has historically produced over 16 million ounces of gold and includes notable operations such as Kinross Gold's Fort Knox mine, located 30km from the NW Array [5] Future Assay Results - Pending assay results include 44 diamond holes and 18 reverse circulation (RC) holes for gold, as well as 45 diamond and six RC holes for antimony and multi-element content [4][6] - Recent assay results from 39 drill holes provide insights into both low-grade bulk and high-grade gold mineralisation geometry [6] Executive Commentary - Felix Gold's executive director highlighted the recent trenching results, confirming the mineralised system extends at least 130m further west, remaining open in all directions [7]
Felix Gold announces drilling results at Alaska’s Northwest Array
Yahoo Finance·2026-02-13 15:38