Felix Gold Limited (ASX: FXG) has released assay results from 17 additional holes at the Treasure Creek Project in Alaska's Fairbanks Gold Mining District. The drilling information indicates a NNE orientation of mineralized gold zones enriched with high-grade antimony. This discovery is significant for several reasons:
Geological Reinterpretation: The drilling data has led to a new understanding of the gold zones' orientation, revealing a NNE trend of mineralization enriched with high-grade antimony.
Potential for Extended Strike Length: The findings suggest the potential for a longer strike length and the emergence of parallel trends due to continued soil anomalies and fault zones.
Open Gold Mineralization: The primary gold mineralization remains open both at depth and in different directions, indicating further exploration potential.
Comparable Grades: The drilling strategy focuses on near-surface oxide gold mineralization with grades comparable to or exceeding those of the nearby Kinross's Fort Knox mine, which is actively seeking additional ore supply.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
