Core Insights - Onyx Gold Corp. has reported significant drill results from its Munro-Croesus Project, confirming the vertical and lateral extensions of the Argus North Zone, indicating a large-scale and continuous gold mineralization system [1][6][24] Drilling Results - The latest drilling results include 91.0 meters grading 1.1 g/t Au and 103.4 meters grading 1.1 g/t Au in drill hole MC25-177, contributing to a cumulative mineralization thickness of 194.4 meters [5][11] - Additional notable results include 139.1 meters grading 0.8 g/t Au in drill hole MC25-181 and 9.8 meters grading 2.9 g/t Au in drill hole MC25-174 [5][12] - The drilling program has completed 48 holes, with assays announced for 15 holes, covering approximately 15,000 meters, which is 60% of the planned 25,000-meter program [5][12] Project Overview - The Munro-Croesus Project is strategically located along Highway 101 in the Abitibi greenstone belt, a prominent gold mining region in Canada, and includes the historically significant Croesus Gold Mine [24][25] - The project area covers 109 km² of highly prospective geology, with significant nearby gold deposits enhancing its exploration potential [24][25] Future Plans - The Argus North Zone remains open along strike, down-dip, and down-plunge, with ongoing plans for step-out drilling to further extend the known gold mineralization [6][10][11] - The company is fully funded for its 2025 exploration programs with approximately $10 million in cash [5][12]
Onyx Gold Drills 1.1 g/t Gold Over 194.4m Cumulative Thickness in Step-Out Hole at Argus North Zone, Munro-Croesus Project