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Onyx Gold’s spring drill to program to explore Timmins camp potential

Mar 26, 2024

"We are very excited to be back drilling at Munro-Croesus," said President & CEO Brock Colterjohn. "We are currently drilling at the newly discovered high-grade GM vein where we are testing for additional bonanza gold grade mineralization and potential high-grade shoots along strike. Once drilling is completed at GM, we will move to the bulk-tonnage Argus zone, where we doubled the strike length last year. Our objective at Argus is to enhance our understanding of the zone, particularly towards the west, where it likely converges with the Pipestone Fault. These two new discoveries in two years validate our strategy in the camp to take a holistic exploration approach in prime geological real estate that we continue to consolidate. We believe this program is timely given the current gold uptick and renewed interest in gold equities."

Onyx Gold Corp. announced the start of the 2024 Spring Drill Program at its Munro-Croesus Project in the Timmins gold camp. The project includes several known high-grade veins and bulk tonnage systems, including the past-producing Croesus Gold Mine. The Program plans for 3,000 m of diamond drilling with a budget of $800k, aiming to expand on new discoveries like the high-grade GM Vein and the bulk-tonnage-style Argus Zone. The Program is well-funded, with over $4.2M in cash and marketable securities available.

Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with assets in Timmins and Yukon Territory. The company's portfolio includes the high-grade Munro-Croesus Gold property and two additional earlier-stage large exploration properties, Golden Mile and Timmins South. Onyx Gold aims to create shareholder value through discovery, capital allocation, and responsible exploration.

Tags: Northern Ontario / Exploration / Gold / All Articles