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An update from Onyx Gold Corp. ( (TSE:ONYX) ) is now available.
Onyx Gold Corp. has intensified its exploration activities at the Munro-Croesus Project by deploying a second drill rig to expedite its 10,000-metre Phase 1 drill program. This move is part of a broader strategy to explore the Argus North discovery and other high-priority targets. The company has also welcomed Gold Fields as a strategic investor, which now holds a 9.4% stake in Onyx Gold. This investment is seen as a strong endorsement of Onyx Gold’s projects and long-term vision, potentially enhancing its market position and shareholder value.
More about Onyx Gold Corp.
Onyx Gold Corp. is a company in the mining industry, focusing on gold exploration and development. It operates primarily in the Timmins area of Ontario, Canada, with key projects including the Munro-Croesus and Golden Mile properties. The company aims to advance its exploration efforts in regions known for significant gold deposits.
Average Trading Volume: 168,414
Technical Sentiment Signal: Buy
Current Market Cap: C$50.61M
See more insights into ONYX stock on TipRanks’ Stock Analysis page.