Highlights

  • Step-out hole 26TCRC023, drilled 1.2 kilometres northeast of NW Array, returns 12.19 metres at 2.84 g/t gold from 36.58 metres, including 1.52 metres at 17.31 g/t.
  • Separate hole 26TCRC019 returns 6.10 metres at 1.16 g/t gold and 3.05 metres at 1.04% antimony — illustrating the project's polymetallic character.
  • These are the first seven assays of an 80-hole programme; 73 holes comprising 38 RC and 35 diamond remain awaiting laboratory results.
  • Felix is building towards a maiden antimony resource and an updated NW Array gold resource estimate; bulk sample mining of stibnite began in June 2026.

A step-out hole 1.2 kilometres from the main gold target. For Felix Gold (ASX:FXG), that distance matters: it means the Treasure Creek gold system may extend along a much broader trend than its existing NW Array drilling footprint. The company released its first 2026 RC gold assays on 29 October, covering seven of the 80 planned holes in the Alaskan Fairbanks Mining District.

The Lead Intercepts

Hole 26TCRC023, drilled northeast of NW Array along an interpreted north-northeast gold trend, returned 12.19 metres at 2.84 g/t gold from 36.58 metres, including 1.52 metres at 17.31 g/t. The company itself flagged that the average grade of this main zone is heavily influenced by a single coarse-gold sample; follow-up drilling is needed to establish whether the grade is repeatable. Below the main zone, the same hole hit a shallower interval of 22.86 metres at 0.68 g/t from 4.57 metres. Nearby hole 26TCRC019 returned 6.10 metres at 1.16 g/t gold from 6.10 metres alongside 3.05 metres at 1.04% antimony — a reminder that Treasure Creek is a gold-antimony system. To the southwest, hole 26TCRC031 returned 15.24 metres at 0.59 g/t from 32.00 metres. All widths are downhole; true widths were not reported.

Antimony Remains the Core Strategy

Felix has positioned Treasure Creek primarily as an antimony development — a critical mineral for defence applications, flame retardants and batteries. The company calls its ambition 'America's Antimony Solution'. In 2026, it received a permit amendment allowing extraction of approximately 1,600 short tons of high-grade massive stibnite, and bulk sample mining began in June. A draft Plan of Operations for a mine permit has been prepared. No antimony resource has been declared. The presence of both gold and antimony in hole 26TCRC019 illustrates the polymetallic nature of the system.

What the Step-Out Distance Implies

Demonstrating that gold exists 1.2 kilometres from NW Array suggests the mineralisation is not confined to a single small zone. If continuity along the north-northeast trend can be confirmed by further drilling, it would expand the area available for resource work. Proximity to Kinross's Fort Knox mill — also in the Fairbanks district — means any gold inventory at Treasure Creek has a potential processing pathway, though no agreement with Kinross has been announced. Depths are also encouraging: several intercepts begin within 40 metres of surface, which would suit open-pit geometry.