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Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) is excited to report results from the 2024 Spring Drill Program at the Munro-Croesus Project in Timmins, Ontario. New drilling at the Argus Zone showcases improved grades and widths, indicating strong gold mineralization near the Pipestone fault. The Company anticipates further drilling to extend this promising zone westward. Read more for details on the exploration results and the exciting potential for new discoveries.
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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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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.
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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.
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Onyx Gold Corp. (TSXV: ONYX) announces the start of the 2024 Spring Drill Program at its Munro-Croesus Project in the Timmins gold camp, Ontario. The program aims to expand the high-grade GM Vein discovered in 2023 and explore the bulk-tonnage-style Argus Zone. With a budget of $800k, the Company is well-funded with over $4.2M in cash and securities.
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Onyx Gold Corp. (ONXGF) successfully closed the first tranche of its non-brokered private placement, raising $1,020,014 through the issuance of 3,777,829 Premium FT Shares at $0.27 per share. The Offering, totaling $1,500,000, includes both FT Shares and Premium FT Shares, with proceeds earmarked for exploration activities in Ontario. The Company's director acquired 50,000 Premium FT Shares, accounting for 1.32% of the First Tranche proceeds, in a related party transaction exempt from formal valuation and minority shareholder approval requirements.
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Onyx Gold Corp. announces a non-brokered private placement of securities, aiming to raise up to $1,500,000 for exploration activities in Ontario. The Offering includes flow-through shares and premium flow-through shares, with plans for a follow-up drill program on the Munro-Croesus property and a summer field program on the Lalonde property.
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Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) has completed a purchase agreement to acquire the Lalonde Property, expanding the Munro-Croesus Project by 32%. The Property includes 10 near-surface gold prospects with gold values ranging from 1.03 g/t Au to 2,500 g/t Au. The most advanced prospect, the C Zone, returned spectacular coarse-grain gold in quartz veins. The acquisition cost includes 400,000 shares and C$20,000. President & CEO Brock Colterjohn emphasizes the potential for additional mineral discoveries and shareholder value maximization.
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Onyx Gold Corp. announces final exploration drill results from its 2023 Fall Drill Program at the Munro-Croesus Project, highlighting the success in defining gold mineralization and doubling the strike length to 525m at the Argus zone. The westernmost hole returned 1.0 g/t Au over 27.6 meters, demonstrating the strength of the Argus mineralized system. Plans for a 2024 follow-up drill program at the property are expected to be announced soon.
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Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) announces initial exploration results from its 2023 Fall drill program in the Timmins gold camp, Ontario. The highlight assay results for drill hole MC23-132 include 121.8 g/t (3.55 opt) gold over 0.9m, including 363.0 g/t (10.59 opt) over 0.3m. This new discovery represents an entirely new high-grade quartz vein in a geological setting comparable to the mined-out, bonanza-grade Croesus vein.
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Onyx Gold Corp. (TSXV: ONYX) announces final assay and exploration results from its summer drilling and exploration program at the King Tut Property in Yukon, Canada. The results confirm widespread gold mineralization across the Main Tut and Golden Mask anomalies, validating the potential bulk-tonnage reduced intrusion-related gold systems on the Property. The new airborne magnetic surveying and soil sampling have also significantly expanded the size of the mapped intrusions at both targets.
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FAQ
What is the current stock price of ONYX GOLD (ONXGF)?
The current stock price of ONYX GOLD (ONXGF) is $0.1094 as of January 29, 2025.
What is the market cap of ONYX GOLD (ONXGF)?
The market cap of ONYX GOLD (ONXGF) is approximately 5.4M.
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