Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Felix Gold Ltd.
Project name: Treasure Creek
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 33.5m @ 1.63g/t Au from 1.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Felix Gold Limited (ASX: FXG) (Felix or the Company) advises of assay results for a further seven holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. Felix’s initial drill program is focused on shallow Reverse Circulation (RC) drilling to test large-scale, highgrade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling activities for 2022 are targeting multiple near surface mineralisation targets across multiple project areas in the Fairbanks Gold Mining District. The first phase of drilling at the Treasure Creek Project was focussed on the NW Array prospect. This area is considered to be related to Cretaceous intrusive into Palaeozoic metasedimentary schist (Fairbanks Schist), controlled by a variety of inter-related structural events. Assay results from the first two holes at NW Array were released in June (see FXG ASX release dated 22 June 2022, Step-Out Drilling Success at Treasure Creek). This release details assay results received for the next seven holes drilled at NW Array. Using a cut-off of 0.1 g/t Au over a minimum continuous mineralised zone of 3.0m downhole, gold intercepts were returned in all 7 holes (see Tables 1 and 2, and Figures 3 and 4).
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