Announcement Date: 2022-11-01
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. 7.6m at 6.48g/t Au from 50.3m
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. Significant new zone identified in Eastgate-Scrafford corridor drilling Felix’s initial drill program at Treasure Creek targeted shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling targeted multiple near surface mineralisation targets across numerous zones (see Figures 1 and 2). The assay results contained in this release are from reconnaissance drilling across previously untested areas between the Eastgate and Scrafford Shear prospects at Treasure Creek (see Figure 2). These results (see Table 1 and Figure 3) open another gold mineralised zone several kilometres to the east of the NW Array prospect, and suggest connectivity in this area with previously disclosed results approximately 1km to the west on Reconnaissance Line 1 (see Figure 2 and Felix ASX Announcement dated 23 September 2022 – 22TCRC057: 12.2m @ 2.65 g/t Au including 3.1m @ 9.92 g/t Au). These results are a further step in substantiating Felix’s expectations of the occurrence of potential substantial bulk tonnage and high-grade shallow gold deposits within the Treasure Creek Project. Followup and extensional drill testing is being planned to focus on the zones of gold mineralisation with the highest potential for encompassing significant verifiable gold resources.
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