Onyx Gold Launches 2025 Exploration Program at King Tut in Yukon's Eastern Tombstone Belt

Core Viewpoint - Onyx Gold Corp. has launched its 2025 exploration program at the King Tut Property in Yukon's eastern Tombstone Gold Belt, focusing on advancing the Ra intrusion vein field discovery to refine future drill targets [1][4]. Exploration Program Details - The 2025 program will systematically evaluate the Ra target through detailed mapping and extensive channel and grab sampling to identify the most prospective zones for future drilling [2][12]. - The Ra intrusion, previously explored in 1996, features widespread gold-bearing quartz veins within a 3 x 2 km granitic body [5][8]. - An initial reconnaissance program in 2024 confirmed extensive sheeted vein fields at Ra, with a standout grab sample returning 25.1 g/t Au [4][9]. Recent Developments - On August 5, 2025, the company received approval for surface exploration and up to 5,000 meters of diamond drilling from 10 sites across King Tut [5]. - The 2025 field program commenced on August 9, 2025, and will be conducted over a 21-day period [5][12]. - The Ra target is located within a promising geological setting, comparable to Snowline Gold's Valley deposit, which is only 50 km away [6]. Historical Context and Future Plans - Previous fieldwork identified two large-scale gold-in-soil anomalies, Golden Mask and Main Tut, associated with separate intrusion-related gold systems [7]. - The company plans to continue its exploration efforts in both Yukon and Ontario simultaneously for the first time in its history [4][5]. - The Ra target has shown promising results, with prior drilling intersecting 1.0 g/t Au over 21 meters and surface grab samples up to 20.1 g/t Au [8][9]. Munro-Croesus Gold Property Update - The company has completed 40 drill holes totaling approximately 12,000 meters at the Munro-Croesus property in Ontario, focusing on extending known gold mineralization [13]. - A 150% increase in the drill program size from 10,000 to 25,000 meters has been approved based on strong results [14]. - The company is also launching a bedrock excavation program to expose the surface projection of gold mineralization at Munro-Croesus [15]. Acquisition and Financial Details - The TSX Venture Exchange has approved the mineral property purchase agreement for the Munro property, allowing the company to acquire a 100% interest through staged cash payments totaling $300,000 [16]. - A one-time bonus cash payment of $500,000 will be made if a mineral resource exceeding 500,000 ounces of gold is defined on the Munro Property within five years [16].