Onyx Gold launches Fall exploration at Timmins South and Munro-Croesus
Onyx Gold Corp. is pleased to announce field crews have demobilized from King Tut (Yukon) and, after taking a short break, have headed to Onyx's Timmins, Ontario, area gold projects for the start of the Company's fall exploration program.
"I am pleased to announce that we have successfully completed the first-ever drill program on our King Tut Property situated in one of the most exciting emerging gold districts in Canada," said Brock Colterjohn, President & CEO. "We are excited to now shift our focus to Ontario, where we intend to undertake a fall exploration program, including a 4,000 meter diamond drill program at our Munro-Croesus property, which is expected to commence in the upcoming weeks. We look forward to initial Yukon results, expected towards the end of October, with continued results from Yukon and Ontario released over the year."
Proposed Q4-2023 Ontario Program
The Company 100% owns a 335 km2 portfolio of projects within Canada's premier gold camp, Timmins, Ontario. The Company has now shifted its exploration focus to its Timmins portfolio, with soil sampling and drone imagery currently underway at its flagship Munro-Croesus Gold Project. The Munro-Croesus Gold Project is approximately 75 kilometers (47 miles) east of Timmins, proximal to the Porcupine-Destor and Pipestone Faults and several multi-million-ounce gold deposits. The Munro-Croesus property is also host to one of Ontario's highest-grade past-producing gold mines, which operated between 1915 and 1936.
In 2022, a new, near-surface bulk-tonnage-style zone of gold mineralization was discovered at the Argus Zone on the Munro Croesus property, approximately four kilometers along trend and northwest of Mayfair Gold's multi-million-ounce Fenn Gib gold deposit. The fall program also plans for approximately 4,000 meters of diamond drilling, focusing on follow-up holes on the Argus Zone as well as new targets proximal to the historic high-grade Croesus Gold Mine. Soil sampling and airborne drone-magnetic geophysical surveys are also planned for the Timmins South Project.
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