ONYX GOLD CORP - ONXGF STOCK NEWS

Onyx Gold Corp (TSXV: ONYX) (OTCQX: ONXGF) has announced final results from its 2024 summer field program at the King Tut Property in Yukon's Tombstone Gold Belt. The program revealed significant findings, including a high-grade surface rock sample of 25.1 g/t Au at the Ra vein field. The gold-in-soil geochemical footprint at Golden Mask was expanded to 2,300 by 1,500 meters. The company conducted soil and rock sampling, detailed geological and vein mapping, and reprocessed airborne magnetic data. At Ra, the program identified an extensive field of sheeted quartz veins. The company plans to incorporate these results into a refined drill program for 2025.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) has announced the granting of incentive stock options under its Omnibus Share Incentive Plan. The company has issued a total of 1,650,000 Options to officers, directors, employees, and consultants. These Options have been granted at an exercise price of $0.20 per share and are valid for a five-year period. All Options are subject to a vesting schedule over the first 24 months. This issuance of Options follows the company's annual compensation review.

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.