Felix Gold looks to prove up resource next door to world class gold mine
Alaskan gold explorer Felix Gold Ltd (ASX: FXG) is now halfway through their 40 hole, 3,500m resource definition drilling program at their flagship Treasure Creek Project. The company expects assays to start rolling in towards the end of June, with newsflow being fairly consistent from then on. Felix is targeting a Maiden Mineral Resource Estimate (MRE) for the NW Array Southern Zone in Q4 CY2023.
The program follows on from Felix’s major NW Array discovery in 2022, which included 90m @ 1.2g/t Au from 32m, including 60m @ 1.6g/t Au from 42m. The project has the potential to host up to 3.6Moz according to their JORC exploration target.
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