Business
Onyx Gold Continues to Consolidate Key Ground at Munro-Croesus with Strategic Acquisitions
Total Project Land Holdings Expanded to 109 km 2  to cover Key Geological Real Estate Vanc...
About this update from Onyx Gold Corp.
[{"type":"text","content":"Onyx Gold Continues to Consolidate Key Ground at Munro-Croesus with Strategic AcquisitionsTotal Project Land Holdings Expanded to 109 km2 to cover Key Geological Real EstateVancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) is pleased to announce that it has signed mineral property purchase and sale agreements (the \"Purchase Agreements\") with two separate arm's length private vendors through its wholly-owned subsidiary to acquire a 100% interest in the Munro property (the \"Munro Property\") and Hewitt property (the \"Hewitt Property\", and collectively with the Munro Property, the \"Properties\") located within and proximal to the company's 100% owned Munro-Croesus Project (the \"Munro-Croesus Project\" or the \"Project\"), 75 km east of Timmins, Ontario (Figure 1). These strategic acquisitions expand Onyx Gold's Munro-Croesus land package to 10,921 hectares (109 km²), further enhancing the Company's footprint and reinforcing its position as a leading gold explorer in the Timmins Camp.\"These acquisitions are another step forward in executing our strategy to consolidate prospective, but highly underexplored ground in one of Canada's most prolific gold camps,\" said Brock Colterjohn, President & CEO of Onyx Gold. \"The addition of the Munro property, in particular, further enhances the strategic value of our Munro-Croesus Project by expanding our footprint along the prospective 'Croesus Flow' — a key geological unit that hosts the historic high-grade Croesus Mine and our recently discovered GM Vein, just 350 metres away. We're excited to advance these new properties and unlock additional high-impact drill targets for future exploration.\"Terms of the Purchase Agreement for the Munro Property ClaimsThe Munro Property is a strategically located 227-hectare inholding within the Munro-Croesus Project (Figure 2). The Property covers the northwestern strike extension of the highly prospective mafic volcanic pillowed flow (the Croesus Flow), which hosts the past producing high-grade Croesus Gold Mine, the new GM vein target (see Company news release dated May 1, 2024), and numerous other prospects. The Munro Property also hosts the fully reclaimed past producing Munro Mine which produced chrysotile asbestos from 1950 to 1964. The Company has the r...