Core Insights - Onyx Gold Corp. has reported new surface assay results from its Munro-Croesus Project, indicating significant potential for high-grade gold discoveries [1][2][3] Group 1: Project Overview - The Munro-Croesus Project is located 75 km east of Timmins, Ontario, and encompasses a large land package that includes the historic Croesus Gold Mine [1][21] - The project covers 109 km² of highly prospective geology within a major gold-bearing structural area, enhancing its exploration potential [21][22] Group 2: C Zone Discovery - The C Zone, a new high-grade gold target, has returned assay results of up to 124 grams per tonne gold over 0.62 meters, highlighting its potential for further exploration [2][5][7] - The C Zone is characterized by quartz vein and stockwork mineralization within a broader zone of alteration, indicating a significant new target for follow-up drilling [6][7][12] Group 3: Exploration Strategy - The company is implementing modern geological techniques to systematically explore historically underexplored areas of the Munro-Croesus Project, which were previously evaluated sporadically [5][3] - A fully funded 75,000-meter drill program is underway, aimed at advancing discoveries and testing high-impact regional targets, including the C Zone [5][20][18] Group 4: Financial Position - Onyx Gold Corp. has approximately $30 million in treasury, positioning the company well to continue its exploration efforts and advance its projects [5][20]
Onyx Gold Discovers New High-Grade Vein Zone at the C Zone, Munro-Croesus Project