Onyx Gold Corp. reports exploration updates for its gold project portfolio in Canada, with recurring coverage centered on drilling, assay results, and geological interpretation at the 100%-owned Munro-Croesus Project east of Timmins, Ontario. Company news frequently discusses the Argus North and Argus Main zones, the Pipestone Fault corridor, and the broader Timmins Gold Camp portfolio that includes Golden Mile and Timmins South.
Additional updates cover field work at the King Tut Property in Yukon's eastern Tombstone Gold Belt, including mapping, sampling, and target evaluation. News also includes corporate recognition, exploration webinars, program expansions, and financing or capital-structure topics tied to Onyx Gold's public-company activities.
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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