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Onyx Gold Corp. ( (TSE:ONYX) ) has shared an update.
Onyx Gold Corp. has announced the commencement of a 50,000-meter phase three drill program at its Munro-Croesus Gold Project in Ontario, marking the largest drill program in the property’s history. The program, which is fully funded with a budget of $11 million, aims to further explore the Argus North Zone, where previous drilling has revealed promising gold mineralization. This expansion underscores Onyx’s commitment to unlocking the potential of the project, with the company well-positioned financially to continue its exploration efforts without dilution. The results from the ongoing exploration could significantly impact the company’s standing in the gold mining industry, particularly in the Timmins Gold Camp.
More about Onyx Gold Corp.
Onyx Gold Corp. is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in the exploration of the Munro-Croesus Gold Project located in Ontario, Canada, which is part of the Timmins Gold Camp, a significant area for gold mining.
Average Trading Volume: 167,556
Technical Sentiment Signal: Buy
Current Market Cap: C$104.6M
Learn more about ONYX stock on TipRanks’ Stock Analysis page.