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An announcement from Onyx Gold Corp. ( (TSE:ONYX) ) is now available.
Onyx Gold Corp. has reported its highest-grade surface channel sample to date at the Munro-Croesus Project’s C Zone, where newly exposed quartz veins returned assays of 124 g/t gold over 0.62 metres within a broader interval grading 39.5 g/t gold over 2.33 metres. The newly identified high-grade vein zone, which remains open along strike and at depth, is considered a significant target for follow-up drilling and underscores the potential for additional high-grade discoveries across the project, particularly in areas that have seen only limited, older exploration. Situated near major regional fault structures and showing geological characteristics similar to the historic Croesus Gold Mine, the C Zone strengthens Onyx Gold’s exploration pipeline as it executes a fully funded 75,000-metre drill program, positioning the company to expand its resource potential in the Timmins district and enhance long-term value creation for stakeholders.
More about Onyx Gold Corp.
Onyx Gold Corp. is a Canadian gold exploration company focused on advancing its 100%-owned Munro-Croesus Project in the Timmins mining district of Ontario. The company is targeting both high-grade vein systems and bulk-tonnage gold mineralization across a historically underexplored land package, leveraging modern structural interpretation and systematic exploration techniques to unlock new discoveries in a prolific gold camp.
Average Trading Volume: 140,044
Technical Sentiment Signal: Buy
Current Market Cap: C$140.5M
Learn more about ONYX stock on TipRanks’ Stock Analysis page.