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. (TSXV: ONYX) (OTCQX: ONXGF) has announced significant gold intersections from its final drill hole at the Munro-Croesus Project in Ontario. The highlight is a new wide zone of strong gold mineralization in drill hole MC24-163, which returned 1.87 g/t gold over 48.1 meters, including higher-grade sections of 7.14 g/t gold over 4.5 meters and 4.05 g/t gold over 10.0 meters.
This new intersection, located north of the main Argus Zone trend, represents an entirely new zone of high-grade mineralization that remains open in all directions. The results are seen as validation of the company's strategy to consolidate underexplored mining claims with prime geological potential in the prolific Timmins gold camp.
Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) has acquired a portfolio of properties in the Matheson area, east of Timmins, Ontario, expanding its Munro-Croesus Property by 12% to 10,411 ha. The acquisition includes four properties (Highway, Tax, Hewitt, and Munro) with multiple high-grade and bulk-tonnage gold occurrences. Key highlights:
1. The Highway property features two gold-bearing structures with historic drilling results of up to 1.3 g/t Au over 28.8m.
2. The Stewart-Abate zone on the Highway Property yielded a 52-tonne bulk sample grading 24 g/t Au.
3. The Hewitt property contains gold-bearing mineralization with grab samples up to 15.7 g/t Au.
The acquisition cost is $150,000 cash and 750,000 Onyx shares, with a 2.0% NSR royalty retained by the vendor.
Onyx Gold announced significant assay results from its 2024 Spring Drill Program at the Munro-Croesus Project in Timmins, Ontario.
Highlights include 1.0 g/t gold over 63.3 meters, including 2.2 g/t gold over 17.4 meters.
The drilling focused on the Argus Zone, which has been extended over a strike length of 750 meters and a width of 200 meters, remaining open in all directions.
Results suggest the Argus Zone could expand further west toward the Pipestone Fault.
Other notable results include 0.84 g/t gold over 22.9 meters and 0.44 g/t gold over 32.5 meters.
Onyx plans additional drilling to further explore the zone.
Onyx Gold announced it received its Quartz Class 1 Notification for the King Tut Property in Yukon, which supports its 2024 exploration plans. The Phase 1 program, set for July, includes up to 4,900 meters of diamond drilling, geological mapping, and sampling. The company also finalized data compilation and target generation, assisted by Archer Cathro. Results from last year's exploration confirmed significant gold mineralization, guiding the potential Phase II drilling program. The permit is valid until June 2025 and can be renewed. Onyx is also working towards a Class III Exploration Permit for expanded activities.
Onyx Gold Corp. announced the acquisition of the WEAS property in the Yukon, which includes claims contiguous to their King Tut property. The 627-hectare land package covers a gold target with historical drilling results showing 1.0 g/t Au over 21m. The company plans an extensive exploration program to prioritize drill targets. The agreement with Senoa Gold Corp. allows Onyx to acquire 100% of the WEAS Property by issuing 3,000,000 common shares over three years. This strategic move reinforces Onyx's commitment to unlocking the full potential of their assets in the emerging mining camp.
Onyx Gold Corp. announced additional high-grade gold results from its GM Vein at the Munro-Croesus Project. The drilling program has defined a higher-grade shoot with visible gold in four holes. Encouraging results include 52.06 g/t Au over 0.5 m in MC24-154. The GM Vein remains open for expansion. The program has been upsized by 10% to 3,300 m. Assay results will be released ongoing.
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