Felix Gold Ltd. (AU:FXG) has released an update.
Felix Gold Ltd. has significantly increased its JORC Inferred Resources to 831koz following the discovery of a 467koz gold resource at NW Array. The company has raised $2.55 million to fund further drilling at NW Array and the high-grade Grant Mine, which is strategically located near the Fort Knox mill, hinting at potential for toll treatment arrangements. Encouraging exploration results show gold mineralization remaining open at depth and high average gold recoveries, indicating promising prospects for future mining operations.
For further insights into AU:FXG stock, check out TipRanks’ Stock Analysis page.
