Business
Felix Gold - Building on 831koz JORC Inferred Resources: Auger Sampling Commenced adjacent to Fort Knox
Felix Gold - Building on 831koz JORC Inferred Resources: Auger Sampling Commenced adjacent to Fort
About this update from Felix Gold Ltd.
Felix Gold (ASX:FXG) is pleased to announce auger sampling has commenced in our claims adjacent to the Fort Knox gold mine tenure with evidence of up to 11 drill holes by Kinross Gold Corporation on traverses aligned towards Felix Gold tenure. 'We are pleased to announce the commencement of auger sampling at our claims adjoining the Fort Knox gold mine tenure. This significant step is supported by evidence from historical prospects and noting that Kinross Gold Corporation has recently completed up to 11 drill holes surrounding our tenure. This marks a key milestone in unlocking the district potential of Felix Gold's extensive tenure position. This effort not only complements our existing 831koz JORC Inferred Resources at NW Array and at Grant Mine , but also aligns with our strategy to build a multi-million-ounce gold portfolio. The auger sampling is located on the tip of a granite intrusion similar in size to that at the Fort Knox gold deposit, with multiple historic prospects showing evidence of mineralisation.' Joseph Webb , Executive Director, Felix Gold Enquiries Joseph Webb Reach Markets Executive Director Investor and Media Relations Felix Gold Limited Ph: 1300 805 795 Ph: +61 422 955 411 E: [email protected] About Felix Gold Felix Gold Limited (ASX: FXG) is an ASX-listed gold discovery business operating in the highly endowed Tintina Gold Province of Alaska in the United States . Our flagship asset is a substantial landholding in the world-class Fairbanks Gold District , where historical gold production exceeds 16 Moz. In Fairbanks , our tenements sit within one of the largest gold production centres in the entire Tintina belt and lie in close proximity to both Kinross Gold's Tier 1 gold mine, Fort Knox, and the rapidly growing Freegold Ventures' discovery, Golden Summit . We hold four key projects across over 392 km2 of tenure in the heart of this premier gold production district. Felix's key projects are located only 20 minutes from our operational base in the central mining services hub of Fairbanks City, Alaska . This base is a huge advantage for Felix with its existing infrastructure, low-cost power, skilled workforce and long history of gold production. It allows us to explore year-round and delivers genuine potential development pathways for our assets. Our key projects are located along the main Fairbanks gold trend and contain dozens of identified prospects, extensive alluvial gold production, large gold-in-soil anomalies and historical drill intercepts which remain wide open and mimic other major deposits in the district. We have multiple walk-up drill targets with evidence of large-scale gold potential. We also possess an existing Mineral Resource at Grant-Ester with significant upside opportunity. Felix's value proposition is simple: we are striving to be the premier gold exploration business in the Tintina Province through the aggressive pursuit and realisation of Tier 1 gold discoveries. Forward-Looking Statements Various statements in this release constitute statements relating to intentions, future acts and events. Such statements are generally classified as 'forward-looking statements' and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates' and similar expressions are intended to identify forward-looking statements. Felix cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements and references to what events have transpired for other entities, which reflect the view of Felix only as of the date of this release. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Various statements in this release may also be based on the circumstances of other entities. Felix gives no assurance that the anticipated results, performance or achievements expressed or implied in those statements will be achieved. This release details some important factors and risks that could cause the actual results to differ from the forward-looking statements and circumstances of other entities in this release. (C) 2024 Electronic News Publishing, source ENP Newswire