Business
Onyx Gold Announces Trading Debut and Introduces Executive Team and Exploration Plans
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2023) - Onyx Gold Corp.  ( TSXV: ON...
About this update from Onyx Gold Corp.
[{"type":"text","content":"Onyx Gold Announces Trading Debut and Introduces Executive Team and Exploration PlansVancouver, British Columbia--(Newsfile Corp. - July 24, 2023) - Onyx Gold Corp. (TSXV: ONYX) (\"Onyx Gold\" or the \"Company\") is pleased to announce that the Company commences trading today on the TSX Venture Exchange under the symbol TSX-V: ONYX. Onyx Gold is also pleased to introduce the Company's executive team and upcoming exploration plans.Onyx Gold is a new gold-focused exploration company, highlighted by:An exceptional portfolio of Canadian gold assets consisting of a commanding 335 sq km land package in Canada's most prolific gold jurisdiction, Timmins, Ontario, and a 200 sq km land package in the heart of a high-grade intrusion-related gold district that is rapidly emerging in the eastern Tombstone Gold Belt, Yukon TerritoryA well-financed balance sheet following an initial raise of C$8.4 millionA catalyst-rich year ahead with:an exploration program well underway in the Yukon on the King Tut intrusion-related gold project in preparation for first drill testing, followed by a fall-winter drill program at the Munro-Croesus gold project, Timmins, Ontario A high-quality shareholder registry including a balance of institutional shareholders (22%), consisting of US, Canadian, and European precious metal funds, high-net-worth mining entrepreneurs (24%), a senior gold producer (5%), HighGold Mining (12%) and broad retail distribution (37%)A talented, discovery-driven, and capital market savvy management team led by Executive Chairman Darwin Green and President & CEO Brock Colterjohn, supported by highly accomplished Board members and strategic advisors.AssetsYukon Properties: Onyx controls 100% interest in four separate properties in the Selwyn Basin, totaling 1075 claims and 21,000 ha (210 km2). These properties are in the same region as Snowline Gold's emerging discovery at its Valley Zone (see map below), which appears to be one of the most significant Canadian gold discoveries in recent history. The most compelling of the Yukon properties is King Tut, which is in the heart of this emerging reduced intrusive-related gold district. Past exploration work at the King Tut property has outlined multi-km-long gold-in-soil anomalies with no prior drilling (see map below). Onyx is preparing for the first-ever drill program on King Tu...