Business
Felix Gold Limited - Drilling and Baseline Studies Underway at High-Grade U.S. Antimony Project
Felix Gold Limited - Drilling and Baseline Studies Underway at High-Grade U.S. Antimony
About this update from Felix Gold Ltd.
Felix Gold Limited (ASX: FXG) is pleased to announce that field-based exploration and development activities have commenced at its flagship Treasure Creek Antimony Project in Alaska . The program is designed to generate the data required for a feasibility study into a potential near-term antimony production opportunity. Subject to positive study outcomes and permitting, the company is targeting a development decision that could enable first concentrate production as early as Q4 2025. Felix Gold's Executive Director, Joe Webb , commented: 'Treasure Creek is uniquely positioned a brownfield site that has already supplied the U.S. government, sitting just outside Fairbanks with road, power, and workforce on its doorstep. We've recorded five of the seven highest-grade antimony intercepts ever reported in the S&P Global database, and mineralisation begins right at surface. With record antimony prices and a clear U.S. policy push for secure, domestic supply, we couldn't be better placed. What we're doing now is moving with intent - trenching, drilling, environmental and engineering work to assess the viability of getting this project into production in the near term.' Treasure Creek Antimony Project The Treasure Creek Project hosts significant antimony mineralisation across multiple deposits, with NW Array and Scrafford representing the most advanced prospects. Antimony mineralisation occurs primarily as stibnite (Sb2S3) and oxidised forms, including stibiconite and some valentinite, hosted within quartz-mica schists and associated with gold mineralisation. The project benefits from excellent infrastructure access, being located within 20 minutes of Fairbanks , with established roads, power, and a skilled workforce. This proximity to infrastructure significantly de-risks any future development scenarios. Contact: Tel: +61 422 955 411 Email: [email protected] About Felix Gold Felix Gold Limited (ASX: FXG) is an ASX-listed gold and critical minerals 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 and historical antimony production shows grades up to 58% Sb from the Scrafford Mine , Alaska's second-largest historical antimony producer. 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 . 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 and antimony production. It allows us to explore year-round and delivers genuine potential development pathways for our assets. Felix's value proposition is simple: we are striving to be the premier gold and critical minerals 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) 2025 Electronic News Publishing, source ENP Newswire