ONYX GOLD CORP - ONXGF STOCK NEWS

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) has announced the acquisition of a property in the Matheson area, east of Timmins, Ontario. The property consists of one mining lease and four unpatented mining claims and is contiguous with the company's Munro-Croesus Property. Following the acquisition, the Munro-Croesus Project will total 10,588 ha (105.8 km2).

The acquisition terms include a cash payment of $20,000 and the issuance of 120,000 common shares to the vendor, subject to regulatory approval. The property is subject to a pre-existing 2% NSR payable to another arms-length party.

Additionally, Onyx Gold Corp. held its annual general meeting of shareholders, where all directors were re-elected for another term.

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.

Onyx Gold Corp. completes the acquisition of the Lalonde Property in Timmins, Ontario, expanding the Munro-Croesus Project by 32% to 9,235 hectares. The Property is contiguous to Munro-Croesus, has multiple high-grade gold occurrences, and adds substantial exploration potential. The acquisition cost was 400,000 shares and C$20,000. The Property includes +10 near-surface gold prospects with values ranging from 1.03 g/t Au to 2,500 g/t Au. work has been done since the 1980s, with excellent access via Highway 101. Onyx plans a summer field program to validate prospects and generate new targets.

Onyx Gold Corp. announces high-grade gold results from the GM Vein at Munro-Croesus Project in Ontario. Visible gold discovered in four of six holes, with highlights including 51.27 g/t Au over 0.5 m. The ongoing Spring Drill Program is fully funded and aims to expand known mineralization and test new targets. The Company plans to release assay results on an ongoing basis.