Strategic investor locked in as FXG moves towards antimony production
1832 Asset Management has taken a position in Felix Gold, after investing a total of almost $2m to become a substantial holder.
Felix Gold (ASX:FXG), one of Stockhead’s biggest Ressie winners for the month of September, is currently exploring its historic Treasure Creek landholding in Alaska’s prolific Fairbanks gold district.
Gold production in the region exceeds some 16Moz, with FXG’s leases sandwiched between Kinross’ 11.8Moz Fort Knox mine and Freegold Ventures’ 19.7Moz Golden Summit project (18km away).
From March to April, FXG shares rose from 3c to 8c, when the company revealed the NW Array target within Treasure Creek was an open-at-surface, oxide and flat-lying 2km by 600m gold system with the ability to be fast-tracked into production due to its proximity to the mill at Fort Knox.
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