Felix Gold Limited announced assay results for an initial 11 holes at its Treasure Creek Project in the esteemed Fairbanks Gold Mining District in Alaska, USA. The RC (Reverse Circulation) Drilling program at NW Array has been successfully completed, comprising 45 holes with a total drilling distance of 4,278m. Ongoing drilling efforts are now focused on the Traverse Prospect East near the Scrafford Prospect.

Additionally, assays for 34 more RC drill holes at the NW Array Prospect are currently pending. Felix Gold, the largest minerals claim owner in the Fairbanks Gold Mining District, aims to delineate a commercial resource at Treasure Creek project which potentially could provide additional ore supply to Kinross Gold's Fort Knox, a Tier 1 gold mine with mineral reserves at 0.37 g/t Au. By exploring the near-surface and oxide resources, Felix Gold seeks to establish a low capex/opex open-pitable ore supply.

The 2023 RC drill program at Treasure Creek primarily targets the NW Array Prospect to assess the continuity and potential extensions of the gold mineralization identified in 2022, particularly in shallow oxide resources. The initial eleven drill holes focused on establishing the continuity of gold mineralization and determining the structural orientation and controls of mineralization. The preliminary results indicate positive outcomes, with the identification of extensive zones of gold mineralization and identification of high-grade zones including 7.6m at 6.4g/t Au.

Geological logging and analysis from the initial drill holes indicate a notable NNE (north-north-east) trend in the most coherent gold mineralization, leading to a subsequent drilling shift to further define this trend, which remains open to the NNE. Further assay results are eagerly awaited. Furthermore, the presence of stibnite, a primary antimony mineral, was observed in several drill holes.

Laboratory assays to determine the extent of antimony mineralization in this program, as well as in selected 2022 drill holes, is currently being undertaken.