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FXG - Felix Gold

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Felix Gold is an Australian exploration company with an interest in gold projects within the highly prospective Fairbanks District of the Tintina Gold Province in Alaska. The Fairbanks District has been the source of more than 16 million oz of past production of gold, with Kinross's Fort Knox the current main producing mine.

The Felix group of companies have an interest (mining claims or an exclusive right to explore and option to acquire mining claims) in:
  • Treasure Creek Project: consists of land of 11,573 hectares, where immediate drill targets are defined. New exploration geophysics and geochemistry and historical soil geochemistry, shallow drill holes and trenches have highlighted broad areas of low to moderate grade gold mineralisation at surface believed to be indicative of a significant mineralising system.

  • NE Fairbanks Project: consists of land of 14,638 hectares close to known gold mines and gold deposits and where new soil geochemical samples have highlighted a broad zone of anomalous gold-in-soil at surface.

  • Grant-Ester Project: consists of land of 3,397 hectares that includes the Grant mine which has mineral resources (JORC 2012) in Inferred category of 5.807 Mt grading 1.95 g/t Au for 364,000.

  • Liberty Bell Project: consists of land of 9,623 hectares that is a site of a historical gold mine within a larger poorly explored area of anomalous gold-in-soil and gold in rock samples. An Exploration Target (JORC, 2012) for the gold skarn deposit is from 1.2 Mt to 1.83 Mt grading between 2.3 g/t Au and 2.66 g/t Au for 93,500 ounces to 156,700 ounces of gold.
It is anticipated that FXG will list on the ASX during January 2022.

 
Please join Felix Gold Managing Director and CEO Anthony Reilly at 12pm on Thursday 13 July for a live investor briefing on Felix Gold’s position as a gold explorer with a multi-million ounce exploration target in a strategic location, and initial assay results from the NW Array Prospect.

In this session, Anthony will discuss:
  • The exploration success the team has delivered so far, showing the potential to host up to 3.6Moz gold in the NW Array Prospect alone
  • The outlook for this deposit to feed the mill of the adjacent Fort Knox mine whose owner is actively seeking M&A opportunities
  • The potential of Felix’s other prospects in this world-class mining region, including the presence of critical mineral antimony which is in high demand
This is a live and interactive online session, and participants are encouraged to ask questions.

Book your spot for this event here: bit.ly/3JTH3fg
 
Thirty representative samples were put through a process of 24-hour bottle roll leach test work, with initial results showing that not only is the gold free milling and recoverable by cyanide, but that Felix could grab average gold recovery of 90 percent from samples of oxidised materials found only 50 metres below the surface.
 
Thirty representative samples were put through a process of 24-hour bottle roll leach test work, with initial results showing that not only is the gold free milling and recoverable by cyanide, but that Felix could grab average gold recovery of 90 percent from samples of oxidised materials found only 50 metres below the surface.
Quite a nice recovery picture although with a 50% gain on 14/4/2024 yesterday it only traded $95,000, on 1.4m stock. Still a nice looking chart.


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I am choosing FXG Felix Gold for October 2024 Stock Tipping Competition.
Sorry, I have no funny sayings this time. Just a nice rise over 30+% this week.

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