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Onyx Gold Corp. ( (TSE:ONYX) ) has shared an update.
Onyx Gold Corp. announced significant high-grade gold drill results from its Munro-Croesus Project, revealing a new gold zone at Argus North. The results, including 3.4 g/t gold over 69.6 meters, suggest a large, untapped gold system, enhancing the company’s exploration potential and strategic land position. The discovery, characterized by broad intervals and high-grade subzones, remains open in all directions, indicating substantial expansion opportunities. This development is seen as a validation of Onyx Gold’s exploration strategy in the underexplored Timmins region, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Onyx Gold Corp.
Onyx Gold Corp. is a company operating in the gold mining industry, focusing on exploration and development of gold properties. The company is primarily engaged in identifying and expanding gold zones, with a significant presence in the Timmins gold camp in Ontario, Canada.
YTD Price Performance: 18.18%
Average Trading Volume: 41,375
Technical Sentiment Signal: Buy
Current Market Cap: C$12.07M
Find detailed analytics on ONYX stock on TipRanks’ Stock Analysis page.