Core Viewpoint - Onyx Gold Corp. is initiating a 10,000-meter Spring Drill Program at its Timmins properties, focusing on the Argus North discovery, which has shown promising high-grade gold mineralization [1][2][10] Group 1: Drill Program Details - The Spring Drill Program aims to follow up on the Argus North discovery, which has been tested by one drill hole, MC24-163, that intersected 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m [1][10] - The initial Phase 1 program will involve step-out drilling to extend the mineralization up-dip, down-dip, and along strike to the east and west [3][4] - Approximately 1,500 meters of the 10,000-meter program will be allocated for reconnaissance drilling at the Golden Mile property, targeting a key northern splay of the Pipestone Fault [6] Group 2: Geological Context and Potential - The Argus North zone is interpreted to be near-vertical and sub-parallel to the east-west trending Argus Main, which is located 3 km northwest of the past-producing Croesus Gold Mine [10][7] - Historical and recent trenching suggests multi-kilometer scale potential along trend that remains untested by drilling, with plans to target this larger scale potential, including first-ever drilling in the Argus West area [5] - The Argus Main Zone has shown improving gold grades and widths, with a highlight of 1.0 g/t Au over 63.0 m in drill hole MC24-166 [9] Group 3: Financial and Operational Aspects - The company has recently announced an upsized financing of $11 million, providing flexibility to expand the drill program based on initial successes [2] - The drilling will be conducted with a separate drill rig dedicated to the Argus North drilling at Munro Croesus, ensuring operational efficiency [6]
Onyx Gold Mobilizes Drill Rig and Outlines Targets for 10,000-Meter Timmins Spring Drill Program