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The latest update is out from Onyx Gold Corp. ( (TSE:ONYX) ).
Onyx Gold reported strong new drill results from its fully funded 75,000-meter program at the Munro-Croesus Project, highlighted by a newly defined high-grade, northeast-trending structure at the Argus Main Zone. Key holes MC26-267 and MC26-270 delivered the best grade-width intersections to date at Argus Main, extending mineralization to the east and at depth and suggesting vertically continuous high-grade zones linked to the Argus North discovery.
The company also outlined early success from regional reconnaissance drilling up to 900 meters southwest of Argus North, where new anomalous gold intervals indicate a previously untested mineralized system along the Pipestone Fault. With more than 47,500 meters drilled and strong lateral and vertical continuity of gold over a 1.4-kilometer strike length, the results reinforce the project’s expansion potential and support Onyx Gold’s strategy to grow its footprint in a key Ontario gold corridor.
The most recent analyst rating on (TSE:ONYX) stock is a Buy with a C$3.35 price target. To see the full list of analyst forecasts on Onyx Gold Corp. stock, see the TSE:ONYX Stock Forecast page.
More about Onyx Gold Corp.
Onyx Gold Corp. is a Canadian mineral exploration company focused on gold, advancing its 100%-owned Munro-Croesus Project in Ontario’s Timmins mining district. The company is targeting structurally controlled, high-grade gold systems along the Pipestone Fault, a prolific regional structure that also hosts nearby deposits such as Mayfair Gold’s Fenn-Gib project.
Average Trading Volume: 146,182
Technical Sentiment Signal: Sell
Current Market Cap: C$93.23M
See more insights into ONYX stock on TipRanks’ Stock Analysis page.