News
28 October 2024
In the lead up to Felix Gold’s (ASX: FXG) maiden resource declaration, the company has been getting quite a bit of media attention, and Managing Director & CEO Anthony Reilly has been doing the rounds.
In the lead up to Felix Gold’s (ASX: FXG) maiden resource declaration, the company has been getting quite a bit of media attention, and Managing Director & CEO Anthony Reilly has been doing the rounds.
The company’s flagship NW Array project has an official JORC global exploration target of up to 3.6Moz gold, with between 270-890koz of gold just in the Southern Zone. Felix is confident that the Maiden Resource Estimate (MRE) for the Southern Zone due next quarter will be enough to get neighbouring gold mining conglomerate Kinross to the negotiating table.
Here are a few key articles and video interviews:
| Proactive Investor Video interview Speaking to Andrew Scott from Proactive Investors, Anthony highlighted Felix’s strategic location, resource potential and why they are backed by the Mine Discovery Fund. 5 minutes. |  |
| Stockhead Article $6bn capped Kinross needs to feed its Fort Knox mill. This ASX junior is drilling out a discovery just down the road 3 minute read. |  |
| Small Caps Video interview Jess Holland of Small Caps and Anthony discuss the continued drilling success in Felix’s significant property holdings in the rich Tintina Gold Belt of Alaska’s famous Fairbanks district. 20 minutes. |  |
| Australian Resources & Investment Article Felix Gold looking to strengthen Alaskan operations 2 minute read. |  |
NW Array unpacked
Felix’s NW Array project is strategically located just 19km away from Kinross’ Fort Knox mine, which produced 291Koz of gold equivalent in 2022. The mine life currently only extends to 2030, and has a 16Mtpa mill that is operating at just 55% of capacity and receives a head grade of around 0.7g/t Au. With an ore-hungry mill, Kinross is actively engaging in M&A to extend the mine life of their Fort Knox mine.
This is a critical junction for Felix that has been brewing since their IPO in January 2022. They have taken this project from nothing, through to its first major discovery hole of 90m @ 1.2g/t Au from 32m, including 60m @ 1.6g/t Au from 42m, and a raft of other assays that are being built into their upcoming resource estimate.
Some of these assays include 100.5m @ 1.14g/t gold from 21.3m, including 47m @ 1.7g/t gold from 38.1m. Another standout assay included 70.1m @ 1.6g/t Au from 6.1m, including 7.6m @ 6.4g/t Au from 21.3m.
The Alaskan gold explorer put out more drill results at the end of July, which included 54.9m @ 1.80g/t Au from 1.5m, including 30.5m @ 3.02g/t Au from 7.6m and 4.6m @ 7.10g/t Au from 19.8m. The company also intercepted 53.3m @ 1.08g/t Au from 30.5m including 10.7m @ 2.55g/t Au from 44.2m.
The market is counting down the days until the release of the MRE, and Felix has another aggressive drilling campaign planned for after its publication.
Join Felix Gold (ASX: FXG) MD and CEO Anthony Reilly for a live investor briefing this Friday, 15th September art 1pm (AEST), where he will discuss the company’s position as a gold explorer with a multi-million ounce exploration target in an ideal strategic location. Click here to book in or request the replay.
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