near-surface gold deposit that could offer a source of ore for the Kinross Alaska mill or support a standalone mine at a highway-accessible project less than a 30-minute drive north of Fairbanks. “Felix’s objective is the discovery of a multi-million-ounce gold resource in the infrastructure rich Fairbanks district and I am extremely pleased with the progress our team is making towards fulfilling this goal,” Felix Gold Managing Director and CEO Anthony Reilly said at the mid-June launch of an infill drill program at NW Array. Felix Gold began its exploration of the Fairbanks District with a compilation of historical data followed by comprehensive mapping, sampling, and prospecting across its newly assembled properties during the summer of 2021. This work revealed NW Array at Treasure Creek as a promising target to begin building a multi-million-ounce gold resource. Toward the objective of building a near-surface resource that could offer feedstock for the Kinross Alaska mill at Fort Knox or support a standalone operation at Treasure Creek, Felix is in the midst of a roughly 3,500-meter in-fill drill program that is slated to include 30 to 40 RC holes drilled to an average depth of around 100 meters. This drilling will focus on the NW Array Southern Zone, a subset of the larger exploration target that hosts about one-quarter of the potential resource.
prospector who made the 1902 placer gold discovery that put Fairbanks on the map. Today, Felix Gold is delineating a maiden resource for the NW Array target on the Treasure Creek gold- antimony project near the Pedro discovery about 20 miles north of Fairbanks, a mining city that is the Alaska equivalent of Kalgoorlie in the Goldfields–Esperance region of Western Australia. There are two main differences between these two mining districts — the gold-rich area around Alaska’s Golden Heart City is far less explored than its Western Australia counterpart, and Kinross is actively seeking ore from nearby sources to feed through its mill at Fort Knox. “It was a bit of a shock for us. If this was Kalgoorlie, next to a Tier 1 mine, the whole district would be plastered with drill holes,” Webb told Mining News. Recognizing the underexplored gold potential around Fairbanks and the hungry Kinross Alaska mill, Felix Gold picked up a large land package that was assembled by Millrock Resources Inc., a longtime Alaska mineral project generator. Building off this already substantial land position, Felix amassed additional properties covering some of the most prospective lode sources for the nearly 10 million ounces of placer gold recovered so far from the streams in the Fairbanks District. Less than three years later, the explorer is delineating a
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www.alaskaminers.org I The Alaska Miner I June 2023
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