Felix Gold scoops up 65.40% antimony at Treasure Creek

Results from trenching and sampling at the Treasure Creek project have delivered multiple stand-out antimony and gold grades.

Felix Gold believes the Treasure Creek project in Alaska is emerging as a strategically vital asset. Pic: Getty Images.

• High-grade antimony has been returned from trench sampling at Treasure Creek

• Felix Gold believes two clear high-grade antimony centres are coming into view

• Metallurgical testwork is pending

 

Special report: After a year of milestones in 2024, Felix Gold isn’t slowing down in its bid to become a near-term antimony producer, with recent trenching and sampling results at Treasure Creek exceeding expectations.

Headlined by grades up to 65.4% antimony, two target areas including NW Array and Scrafford Shear have delivered impressive high-grade antimony and gold intersections demonstrating significant mineralisation.

Felix Gold (ASX:FXG) said the new results are the nine samples that exceeded the initial analytical upper detection limited and were sent for specialised testing.

At Scrafford Shear, systematic sampling returned six samples between 37.5% and 43.7%, while a peak intersection of 3m at 50.26% antimony and 5.29g/t gold was returned at NW Array.

Click here to hear directly from FXG Executive Director Joe Webb in their upcoming Investor Update on Thursday, 13^th February at 1pm (AEDT) held by Reach Markets.

Historical antimony producer

Treasure Creek is within the highly endowed Fairbanks gold district and right on the doorstep of major Kinross Gold and its Fort Knox mine and plant.

At one point in time the Scrafford mine was Alaska’s second largest antimony producer with production grades reaching as high as 58% Sb.

FXG believes Scrafford could be brought back to life by the end of 2025 as the US looks for friendly sources of antimony to replace production previously sourced from China.

Two production centres

FXG executive director Joe Webb said the consistency of high-grade mineralisation is remarkable.

“These results further demonstrate the potential for two high-grade antimony production centres at Treasure Creek, providing optionality and further confidence of our goal of small-scale near-term production,” he said.

“With China's recent antimony export restrictions highlighting supply chain vulnerabilities, Treasure Creek is emerging as a strategically vital project capable of supporting domestic US antimony supply for critical defence and industrial applications.”

Resource drilling and further trenching

The program has been successful in providing important structural data to allow for ongoing modelling of antimony mineralisation and planning for more extensive trenching and resource drilling to be undertaken in 2025.

Work continues to assess the viability of near-term, stand-alone, and high-grade antimony production.

Unlike lower-grade antimony often associated with larger gold systems, the high-grade antimony at Treasure Creek presents a unique opportunity for near-term production.

FXG believes the strategic location of its antimony assets combined with the metal's critical importance to national security, opens up multiple opportunities for government funding and support to advance the production potential of the Treasure Creek assets.

This article was developed in collaboration with Felix Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.