Onyx Gold Begins Major Ontario Drill Program

Onyx Gold Corp. (TSE:ONYX) has released an update.

Onyx Gold Corp. has kicked off their 2024 Spring Drill Program at the high-potential Munro-Croesus Gold Project in Ontario, aiming to further explore the recently discovered high-grade GM Vein and the bulk-tonnage Argus Zone. With a budget of $800k, the company plans to complete 3,000 meters of diamond drilling in 20-25 holes over six weeks, leveraging the current positive momentum in the gold market. Onyx is well-prepared for the initiative, possessing over $4.2M in cash and securities to fund the exploration.

For further insights into TSE:ONYX stock, check out TipRanks’ Stock Analysis page.