Felix Gold Limited announced Reverse circulation (RC) drilling is scheduled to commence at the Treasure Creek Project, located 20 kilometers north of Fairbanks City, during March 2022. The initial program at Treasure Creek is planned to encompass up to 180 drill holes for approximately 5,000 - 8,000 drilling meters. This is principally focussed on shallow RC drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects.

Felix has established a formidable tenure position along the main Fairbanks Gold trend and is the second largest landholder (392 km2) and dominant explorer in the district. Felix's current tenure at Fairbanks is shown in Figure 2, which includes a substantial footprint proximal to Kinross's Fort Knox Gold Mine and Freegold's Golden Summit Gold Project. Felix plans to drill approximately 10,000 - 15,000 meters across its Fairbanks tenure through 2022, testing multiple target areas over all four key project areas.

Following the program at Treasure Creek, drilling is planned to shift to defined targets at the NE Fairbanks, Grant-Ester and Liberty Bell Projects. Alaska Midnight Sun Drilling has been contracted as Felix's primary drill service provider for 2022. A track-mounted grasshopper RC drill rig is to be utilised.

This delivers the ability to test targets quickly and efficiently to depths of up to 200 metres while requiring minimal ground disturbance for access and drilling. A diamond drill rig is also being sourced and is expected to be deployed across follow-up testing scheduled later in the year.