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Onyx Gold Intersects 1.87 g/t Gold Over 48.1 Meters at the Argus Zone, Munro-Croesus Project, Timmins, Ontario
Including 7.14 g/t Gold over 4.5 Meters and 4.05 g/t Gold over 10.0 Meters Vancouver, British Co...
About this update from Onyx Gold Corp.
[{"type":"text","content":"Onyx Gold Intersects 1.87 g/t Gold Over 48.1 Meters at the Argus Zone, Munro-Croesus Project, Timmins, OntarioIncluding 7.14 g/t Gold over 4.5 Meters and 4.05 g/t Gold over 10.0 MetersVancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) (\"Onyx\" or the \"Company\") is pleased to announce the final results from the Company's earlier drilling campaign at its Munro-Croesus Project (\"Munro-Croesus\" or the \"Project\") in the Timmins gold camp, Ontario (Figure 1). Assay results from the final drill hole of the Company's 2024 drill Program (the \"Program\") returned a new wide zone of strong gold mineralization located immediately north of the main Argus Zone trend. Assay Highlights for Drillhole MC24-163 (Table 1)Drill HoleFromToLengthAu(meters)(meters)(meters)(g/t)MC24-163230.40278.5048.101.87Including241.80246.304.507.14And Including265.50275.5010.004.05*Intersections reported as drilled width, true width unknown  \"We are very pleased with these results, which demonstrate the prospectivity of the Munro-Croesus Project and the underlying potential of an emerging gold deposit at the Argus Zone,\" said Brock Colterjohn, President & CEO. \"While still early days, it is difficult to ignore the significance of this new zone that combines higher-grades with surface bulk-mining widths and shows the system progressively getting richer as we track it to the west.\"\"Those that have followed Onyx Gold and its history will be aware of management's long-term strategy to methodically consolidate significant land positions of underexplored mining claims covering prime geological potential. It is rewarding to receive strong validation of our approach with these excellent drill results. With a tight share structure, respectable treasury, and blue-chip shareholder base, the Company and its investors are in a great position to make the most of what may be the very early stages of a potentially significant new discovery within Canada's most prolific gold jurisdiction.\" Geological Context for Drillhole MC24-163 IntersectionContext is important when assessing early exploration results and their significance for predicting exploration upside. Key factors that influence our view on the relevance of this new intersection and the potential of the Argus zone include: The grade x thickn...