Onyx Gold Corp. (TSE:ONYX) has released an update.
Onyx Gold Corp. has launched a $1.5 million private placement to fund a 3,000-meter drill program on its Munro-Croesus property and further exploration activities in Ontario. The proceeds will support drilling in favorable winter conditions and a summer field program for the newly acquired Lalonde property. The raised funds are earmarked for ‘Canadian Exploration Expenses’ to be incurred by the end of 2025 and are designed to preserve the company’s existing capital.
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