Welcome to our dedicated page for Onyx Gold news (Ticker: ONXGF), a resource for investors and traders seeking the latest updates and insights on Onyx Gold stock.
Onyx Gold Corp. (ONXGF) generates a steady stream of technical and corporate news as it advances its gold exploration portfolio in Canada. Most recent releases focus on drilling and surface sampling at the 100%-owned Munro-Croesus Project east of Timmins, Ontario, where the company has outlined the Argus North, Argus Main and Argus West zones along the Pipestone Fault corridor.
News updates detail broad gold intersections and higher-grade sub-intervals at Argus North, including multi-hundred-metre intervals of +1 g/t gold with numerous internal zones of stronger grades. Additional coverage highlights new discoveries such as the Argus West zone, where near-surface drilling has intersected visible gold, and the C Zone, a surface target returning high-grade channel samples from newly exposed quartz-carbonate vein systems.
Beyond drill results, Onyx Gold’s news flow includes information on the scale and design of its multi-phase drill programs, the addition of drill rigs, and the allocation of metres to test underexplored structural trends and regional targets across the 109 km² Munro-Croesus land package. Corporate announcements also cover equity financings, including bought-deal and non-brokered private placements, and commentary on the company’s treasury and ability to fund ongoing exploration in Ontario and Yukon.
Investors and sector followers can use this news page to track assay results, expansion of the Argus gold system, progress at the C Zone and other targets, and financing activities that support continued work at Munro-Croesus, Golden Mile, Timmins South and the Yukon Selwyn Basin properties.
Onyx Gold Corp. (OTCQX: ONXGF) has launched its 2025 summer exploration program at the King Tut Property in Yukon's eastern Tombstone Gold Belt. The program focuses on the Ra target, which features a gold-bearing sheeted vein field within a 3 x 2 km granitic intrusion.
Key developments include: approval of Class 1 Notification authorizing surface exploration and up to 5,000 metres of diamond drilling, initiation of a 21-day field program on August 9th, and previous high-grade surface samples of 25.1 g/t Au. The Ra target's vein field spans approximately 1,700 x 1,000 meters.
Additionally, at the Munro-Croesus property in Ontario, Onyx has completed 40 drill holes totaling ~12,000 meters and increased its drill program by 150% from 10,000 to 25,000 meters following strong results.
Onyx Gold (OTCQX: ONXGF) has announced significant drill results from its Argus North Zone at the Munro-Croesus Project in Ontario. The company reported impressive intersections including 52.2 meters of 2.2 g/t gold and 50.4 meters of 1.9 g/t gold, extending mineralization from surface to over 200 meters vertically.
Key highlights include drill hole MC25-178 with 113.5 meters of total mineralization and near-surface mineralization in MC25-180 starting just 6.1 meters downhole. Based on these strong results, Onyx has expanded its drill program by 150% from 10,000 to 25,000 meters.
The company has completed 26 drill holes totaling ~9,000 meters to date, with assays announced for nine holes. The project is strategically located in the Abitibi greenstone belt, near significant gold deposits including Fenn-Gib (4.31 Moz Indicated) and Tower Gold Project.
Onyx Gold Corp. (OTCQX: ONXGF) has announced significant drill results from its Argus North Zone at the Munro-Croesus Project in Ontario. The company reported impressive intersections including 91.0 meters grading 1.8 g/t gold, with high-grade sections of 17.0 meters at 5.3 g/t gold in drill hole MC25-168.
The results demonstrate continuity of the new gold zone over 100 vertical meters, with the mineralization remaining open in all directions. The company has completed 5,580 meters of a planned 10,000-meter spring drill program, with only four holes reported to date. The Argus North Zone is located 75 km east of Timmins, showing potential for significant expansion.
Onyx Gold Corp. (OTCQX: ONXGF) has announced strategic acquisitions to expand its Munro-Croesus Project, located 75 km east of Timmins, Ontario. The company has signed agreements to acquire the 227-hectare Munro Property for $300,000 and a 50% interest in the Hewitt Property for $20,000 plus 75,000 common shares.
These acquisitions increase the project's total land holdings to 10,921 hectares (109 km²). The Munro Property notably extends along the 'Croesus Flow', which hosts the historic high-grade Croesus Mine and the company's recently discovered GM Vein. The Hewitt Property, situated on a northeast-trending fault splay, has shown promising gold samples up to 15.7 g/t Au.
Additionally, the company has engaged Chad Levesque Consulting for investor relations services at $5,000 monthly with 100,000 stock options.
Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF) has completed the first tranche of its non-brokered private placement, raising approximately $3 million through the issuance of 3,490,343 common shares at $0.85 per share to a strategic investor. The proceeds will be used for general corporate purposes. A second tranche is scheduled to close around June 6, 2025, pending TSX Venture Exchange approval and other conditions.
Onyx Gold Corp (OTCQX: ONXGF) has announced a 10,000-meter Spring Drill Program at its Timmins, Ontario properties, primarily focusing on the recently discovered Argus North zone at the Munro-Croesus Project. The discovery hole MC24-163 intersected impressive results of 3.4 g/t Au over 69.6 m, including 13.9 g/t Au over 9.5 m.
The program includes Phase 1 step-out drilling at 50-meter intervals to extend mineralization, with Phase 2 planning larger step-outs. Additionally, 1,500 metres will be dedicated to reconnaissance drilling at the Golden Mile property. The company recently secured an $11 million financing to support potential program expansion.
The Argus North zone, located 100m north of Argus Main and 150-200m below surface, shows promising mineralization within altered mafic variolitic volcanics. The zone remains open in all directions and is situated near Mayfair Gold's 4.4-million-ounce Fenn-Gib deposit.
Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF) has announced the acceleration of expiry for outstanding common share purchase warrants originally issued on July 6, 2023. Out of 7,143,999 total warrants at an amended purchase price of $0.30, 3,419,111 warrants have been exercised, generating proceeds of $1,025,733, with 3,724,888 warrants remaining.
The warrant expiry acceleration was triggered as the company's share price exceeded $0.375 for 10 consecutive trading days. The remaining warrants must be exercised by May 24, 2025, or they will expire. If all remaining warrants are exercised, it would result in additional proceeds of up to $2.14 million.
The funds will support exploration efforts, particularly at the Argus North target in Timmins, where recent drilling revealed significant gold mineralization of 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m. Drilling is scheduled to commence in early May.
Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF) has announced significant drill results from its Munro-Croesus Project in Ontario, with hole MC24-163 at the Argus North Zone intersecting 3.4 g/t gold over 69.6 meters, including high-grade subzones of 13.9 g/t gold over 9.5 meters and 38.5 g/t gold over 3.0 meters.
The company has also signed an option agreement to acquire a 100% interest in a strategic 21-hectare inholding property adjacent to the discovery. The agreement terms include total payments of C$1,515,000 and 3,300,000 shares over three years, plus C$1,250,000 in exploration expenditures.
The Argus North Zone discovery is located 100 meters north of the main Argus Zone trend and remains open in all directions. The mineralization was found approximately 150-200 meters below surface, within strongly altered mafic volcanics containing visible gold in quartz veinlets.
Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF) has announced plans to amend the terms of 7,143,999 common share purchase warrants issued on July 6, 2023. The warrant exercise price will be reduced from $0.75 to $0.30 per share, with an accelerated expiry provision if the stock price exceeds $0.375 for 10 consecutive trading days.
The company has also issued 1,375,000 restricted share units (RSUs) to directors and officers, vesting over three years in equal portions at 12, 24, and 36 months after the grant date. Additionally, VP of Corporate Communications Nicole Hoeller has stepped down but will continue providing services through her new venture, NIKLI Communications Inc., as an independent contractor.
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