Felix Gold (ASX: FXG) has announced a significant westward extension of gold mineralisation at its NW Array drilling, with multiple high-grade intersections.
This discovery coincides with the company's strategic pivot and ongoing efforts towards near-term antimony production in Alaska.
Trenching at NW Array exposed 67m of gold mineralisation across a 90m trench, located 130m west of the main 2025 drilling area.
The best trench sub-interval revealed 12m at 2.86 g/t Au within a 26m interval grading 1.86 g/t Au (from 46–72m).
NW Array Gold Mineralisation
Drilling results also returned impressive gold intersections, including 15.71m at 2.91 g/t Au from 37.61m (hole 25TCDC004), which contained 11.01m at 3.87 g/t Au.
Another notable intercept was 13.72m at 2.83 g/t Au from 27.43m (hole 25TCRC003), including 7.62m at 4.45 g/t Au. Additionally, hole 25TCDC020 intersected 47.36m at 1.34 g/t Au from 19.5m.
The company noted that mineralisation remains open along strike and at depth, indicating further exploration potential at Treasure Creek.
Significant gold assay results are still pending for 44 diamond holes and 18 reverse circulation (RC) holes, with antimony and multi-element assays pending for 45 diamond holes and 6 RC holes.
Dual Commodity Strategy Advances
The confirmed gold mineralisation at NW Array forms halos around antimony veins, supporting Felix Gold's dual commodity approach.
This means that both valuable minerals are found within the same geological structures, offering synergistic development opportunities.
The NW Array area is part of the broader Fairbanks district, where Felix Gold is the largest landholder.
The company boasts a substantial 831,000 oz JORC inferred gold resource across its regional holdings.
This resource is located approximately 30 km from the Kinross Fort Knox mill, offering potential future processing optionality.
Antimony Production Pathway
Felix Gold continues to strategically pivot towards near-term antimony production at its Treasure Creek project in Alaska.
This pivot has been driven by the critical mineral status of antimony and global supply dynamics.
Recent metallurgical test work has achieved a significant breakthrough, demonstrating the ability to produce military-grade antimony concentrate from domestic ore.
The company has secured exclusive rights to the Albion Process for its project.
A pilot plant program is currently underway, with approximately 300 kg of massive stibnite ore sent to Core Technologies for testing.
Felix Gold aims for toll treatment to commence in the second half of 2026 or to establish a dedicated smelter in the first half of 2027, accelerating the pathway to first metal production.
The company has also indicated significant interest from the US Department of Energy (DOE) for funding, with two applications totalling over 80 million USD.
Funding and Development
To support its ambitious exploration and development agenda, Felix Gold successfully completed an AUD 18 million institutional placement in December 2025.
These funds are earmarked for ongoing exploration, feasibility studies, operational expansion, and working capital.
Permitting processes are advancing, with a Plan of Operations targeted for submission in the second quarter of 2026.
This regulatory progress is crucial for advancing towards bulk sampling and potential continuous operations.
Felix Gold's strategic goal is to establish the first modern US producing antimony mine, leveraging the high-grade nature of its Alaskan deposits and aligning with US national security objectives for critical minerals.
Outlook
The extension of gold mineralisation at NW Array provides further exploration upside, reinforcing the value of Felix Gold's district-scale landholding.
Simultaneously, the company's strategic focus on advancing antimony production, supported by funding and technological developments, positions it for potential near-term cashflow and a significant role in the US critical minerals supply chain.
