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Onyx Gold Corp. ( (TSE:ONYX) ) has shared an update.
Onyx Gold Corp. reported new drill results from the Argus Main Zone at its Munro-Croesus Project in Ontario, where wide, near-surface intercepts such as 59.7 meters grading 1.0 g/t gold and 73.1 meters at 0.8 g/t gold support the potential for a bulk-tonnage deposit. The latest six holes extended gold mineralization along a 900-meter strike and more than 400 meters vertically, confirming continuity and expansion potential just south of the higher-grade Argus North Zone.
The company has now completed over 40,000 meters of its planned 75,000-meter drill campaign, with 67 holes reported, and remains well funded with $27 million in cash to continue work through 2026. Management is positioning Argus as a multi-style gold system with a dual-track growth strategy, combining bulk-tonnage potential at Argus Main and high-grade open-pit and underground potential at Argus North, which, if successful, could significantly increase the project’s gold inventory and enhance Onyx Gold’s standing in the Timmins camp.
More about Onyx Gold Corp.
Onyx Gold Corp. is a Canadian exploration company focused on gold projects in the Timmins Gold Camp, one of the world’s largest and best-developed gold districts. Its primary asset is the 100%-owned Munro-Croesus Project in Ontario, where the company is advancing both bulk-tonnage, near-surface targets and higher-grade zones, supported by a fully funded multi-phase drill program.
Average Trading Volume: 131,677
Technical Sentiment Signal: Buy
Current Market Cap: C$149.5M
See more insights into ONYX stock on TipRanks’ Stock Analysis page.