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Felix Gold (ASX:FXG) has further extended the known antimony mineralisation footprint at the Treasure Creek project in Alaska with impressive new assays.
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The results from a 2025 drilling program at the NW Array area at Treasure Creek included shallow, high-grade antimony and gold intersections, extending antimony veining west and south of the main drilling area.
Executive director, Joseph Webb, said the mineralised system remains open in both directions.
“Each new batch of drilling continues to confirm the same outcome — NW Array is growing, remains open, and is delivering antimony grades that are exceptionally rare anywhere in the world – from surface.
“We are now extending high-grade mineralisation west and south of the main drilling area, while continuing to intersect shallow zones that support both scale and near-term mining potential. Intersections such as 8.67 metres at 12.51% antimony, including 1.63 metres at 36.65%, is providing continuity of the massive stibnite vein system.”
Mr Webb said the ore quality at Treasure Creek makes it strategically different.
“We continue to demonstrate that this system contains the type of clean, high-grade antimony mineralisation capable of producing military-grade product from ore, no other known project outside China can make this claim. At a time when the United States has no domestic antimony supply and is actively seeking secure long-term feedstock, every hole continues to strengthen Treasure Creek’s strategic importance.”
Felix is advancing a number of workstreams in parallel, including drilling to define and extend the mineralised system, permitting to support near-term mining, metallurgical testing to determine pathways into domestic refining and commercial discussions with potential strategic partners that can accelerate production.
“With infrastructure, road access and power already in place near Fairbanks, Treasure Creek is increasingly demonstrating the characteristics required to become America’s leading new antimony supply source.”
Treasure Creek hosts the Scrafford mine — Alaska’s second-largest historical antimony producer with recorded production grades of up to 58%, representing a second high-grade antimony system within Felix Gold’s tenure.
Felix has also received positive gold hits including 25.61m at 2.03 grams per tonne (g/t) 37.85m, featuring 1.51m at 3.88 g/t.
The company is waiting on the results of antimony/multi-element assays for a further 14 diamond holes and one RC hole and gold assays from a further 43 diamond holes and 18 RC holes.
FXG is down 3.39% to 28.5¢. Mkt cap $24.76M.
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