Resource definition drilling underway at Felix Gold’s Treasure Creek Project
Alaskan gold explorer Felix Gold Ltd (ASX: FXG) has commenced a 40 hole, 3,500m resource definition drilling program at their flagship Treasure Creek Project. The company’s 392km2 tenement package has over 40km of strike in the prolific Fairbanks Gold District (Alaska, USA), which has produced over 16Moz and is home to multiple 5-10Moz+ deposits. Felix is targeting a Maiden Mineral Resource Estimate (MRE) for the NW Array Southern Zone in Q4 CY2023.
Felix this week launched an accelerated drilling plan at the Southern Zone target area, after making a significant gold discovery 19 km’s from the Kinross (NYSE: KGC) owned Fort Knox Mine, where Felix has intercepted 90m @ 1.2g/t Au from 32m, including 60m @ 1.6g/t Au from 42m. The JORC exploration target has the potential to host up to 3.6Moz gold across the entire project, with the Southern Zone accounting for potentially up to 890koz.
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