Felix Gold Limited (ASX: FXG) has announced a significant step forward for its Treasure Creek Project in Alaska, confirming the lodgement of its mine permit application for proposed mining at the NW Array prospect. Felix Gold is building a fully integrated U.S. ore to U.S. metal supply chain through its dual gold and antimony strategy at the Treasure Creek Project in Alaska’s Fairbanks Mining District. It targets commencing mining operations by June 2027, pending State approval of its mine permit. This latest announcement also details encouraging gold results from a further 29 holes of its 2026 drilling program.
The drilling outcomes include notable infill results from within the proposed resource development area at NW Array, with all five shallow diamond holes reporting gold from surface. Highlights include 20.78 metres at 0.91 grams per tonne gold from surface and 9.12 metres at 4.51 grams per tonne gold also from surface, though the latter result carries a cautionary note due to 43% core recovery. Step-out drilling approximately 1.2 kilometres to the north-northeast yielded 19.81 metres at 0.75 g/t gold from 42.67 metres, building on an interpreted north-northeast trend. Further results to the south also showed promising intersections, such as 13.72 metres at 1.10 g/t gold from 16.76 metres.
Executive Director Joseph Webb commented that lodging the mine permit application is a crucial step following extensive consultation within a State-coordinated process. He added that the incoming drilling results will inform the ongoing resource modelling and technical studies for the mine, which are nearing completion. Mr. Webb highlighted the encouraging step-out results, which provide a better sense of the gold system’s potential extent. While Treasure Creek’s near-term focus remains antimony-led development, these gold results are building a valuable second component, with near-surface oxide gold identified around antimony veins. Assays for antimony, particularly from holes within the proposed pit, are still pending and are anticipated to be important for mine studies.
