Highlights

  • Felix Gold reported first gold assays from seven of 80 holes in its completed 2026 drilling program at Treasure Creek.
  • Hole 26TCRC023 returned 12.19m at 2.84 g/t gold, including 1.52m at 17.31 g/t gold.
  • Hole 26TCRC019 returned 3.05m at 1.04% antimony from 6.10m.
  • Assays for the remaining 38 RC holes and 35 diamond holes are pending.

Felix Gold Limited (ASX:FXG) has reported the first gold assay results from its 2026 drilling program at the Treasure Creek Project in Alaska's Fairbanks Mining District. The results cover seven of 80 holes drilled and form part of step-out drilling along an interpreted north-northeast gold trend.

2026 Drilling Program Overview

The 2026 program has been completed, comprising 80 holes in total, including 45 reverse circulation (RC) and 35 diamond holes. The program had two aims: to test for extensions of gold and antimony mineralisation around the NW Array bulk sample open cut, where antimony extraction began in June 2026, and to start step-out drilling along a north-northeast gold trend suggested by historic drilling and gold-in-soil anomalies.

Treasure Creek comprises 227 Alaska State tenements held at a 100% interest. The site is about 30km by road from Kinross's Fort Knox mill, and includes the historic Scrafford Mine, which the company describes as Alaska's second-largest historical antimony producer.

Key Gold and Antimony Results

The standout result came from hole 26TCRC023, which returned 12.19m at 2.84 g/t gold from 36.58m, including 1.52m at 17.31 g/t gold. This hole is located about 1.2km north-northeast of an earlier hole. The company noted that most of the grade comes from a single sample flagged for coarse gold and said it found no clear pattern suggesting downhole contamination. The same hole also returned a near-surface zone of 22.86m at 0.68 g/t gold.

Other results included 6.10m at 1.16 g/t gold in 26TCRC019, 4.57m at 1.21 g/t gold in 26TCRC028, and two zones in 26TCRC031. Hole 26TCRC019 also returned 3.05m at 1.04% antimony from 6.10m, including 1.52m at 1.83% antimony. Two holes did not return significant intersections, and the company noted that continuity between step-out holes has not yet been established.

Interpretation and Next Steps

Felix describes a broad north-east to north-northeast mineralised trend along the western edge of a felsic sill, with higher grades linked to fault zones and lower grades associated with broader alteration zones. Executive Director Joseph Webb said the first results "begin to test whether gold mineralisation repeats along the north-northeast trend," while noting that "Felix Gold is building America's Antimony Solution, and that remains our priority."

Assays for the remaining 38 RC holes and 35 diamond holes are pending. The geology team is updating the NW Array gold Mineral Resource with the 2025 and 2026 drilling, and the company plans a maiden antimony Mineral Resource. A draft Plan of Operations for antimony mining is being prepared for lodgement with the Alaska Department of Natural Resources.

Key Takeaways

  • First results from step-out drilling indicate gold mineralisation along the north-northeast trend at Treasure Creek.
  • The best intercept was 12.19m at 2.84 g/t gold, with much of the grade from a single high-grade sample.
  • Antimony remains the company's stated priority, with a maiden antimony resource planned.
  • Most assays from the 80-hole program are still pending.