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Felix Gold uncovers additional shallow high-grade gold across NW Array

ASX News, Materials
ASX:FXG      MCAP $183.5M
22 May 2026 15:29 (AEST)

Felix Gold says it is building ‘America's Antimony Solution’ at Treasure Creek.

Felix Gold (ASX:FXG) has received significant gold and antimony assay results from its 2025 drilling program at the NW Array prospect within the Treasure Creek project in Alaska.

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Executive director, Joseph Webb, said multiple zones of near-surface gold mineralisation have been defined across both diamond core and RC drilling, as well as additional antimony veining zones.

He told shareholders the results have also confirmed the presence of higher-grade, structurally controlled gold mineralisation within zones of several orientations, as well as broad, lower-grade mineralisation.

“These final 2025 gold assays close out a drilling year that has delivered consistently on both sides of the NW Array story,” Mr Webb said.

“Felix Gold is building ‘America’s Antimony Solution’, and the gold sitting alongside that antimony in the same structures and drill holes is a meaningful component of the asset’s strategic value.

“The 2025 program has now defined gold mineralisation across the central and southern parts of the prospect, and these results add a substantial near-surface intersection in 25TCDC064 – 29.26 metres at 2.16 g/t gold from 13.4 metres, with a 21-metre central zone grading 2.83 g/t.

“By any district benchmark that is a meaningful width and grade combination, and it sits inside a system where antimony mineralisation has already delivered some of the highest grades reported globally.”

High-grade stibnite (antimony) zones returned gold grades up to 4.74 grams per tonne (g/t).

“What these results reinforce is the geological logic of the dual-commodity case. Gold forms broader halos around the antimony-bearing structures — the same fault breccias and silicified felsic zones host both commodities, and in holes 25TCDC058 and 25TCDC059 the high-grade stibnite veins themselves contain gold up to 4.74 g/t,” Mr Webb said.

“This is a single system delivering two metals, and Felix Gold is uniquely positioned to monetise both: a near-term antimony pathway focused on rebuilding U.S. domestic supply, supported by a district-scale gold position.

“With antimony mineralisation and gold mineralisation both remaining open in multiple directions, NW Array continues to grow. The team is now focused on incorporating the 2025 results into the geological model to define targeting for the next phase of drilling.”

FXG is up 2.3% to 37.8¢. Mkt cap $183.5M.

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