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Onyx Gold Provides Exploration Update at King Tut Property in Yukon
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Onyx Gold Corp.  ( TSX...
About this update from Onyx Gold Corp.
[{"type":"text","content":"Onyx Gold Provides Exploration Update at King Tut Property in YukonVancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Onyx Gold Corp. (TSXV: ONYX) (\"Onyx\" or the \"Company\") is pleased to provide an update on its ongoing exploration program at the King Tut Property located in Yukon, Canada (Figure 1).A fully funded drill program consisting of 8-10 diamond drill holes for a planned 2,500 meters is underway and is expected to continue until mid to late September. Results are expected in mid-to-late October and will be issued regularly throughout the remainder of the year. Exploration Update:Completion of Seven diamond drill holes (1,661 m) at the Main Tut and Golden Mask targets, with drilling ongoing;Collection of Over 1,350 soil samples looking to expand known gold-in-soil anomalies to identify new targets for follow-up;Completion of High-resolution LiDAR topographic surveying of the entire property;Completion of 1,500 line-km of drone-based magnetic geophysical surveying, with preliminary data generating several prospective targets to help guide current drilling; andMapping, prospecting, and geochemical sampling is ongoing.\"We are excited to be the first team drilling this prospective property,\" said Brock Colterjohn, President & CEO. \"We believe we are on the ground floor in this emerging Canadian gold district in the eastern Tombstone belt, as well as being part of the larger Tintina Gold Province hosting many large bulk tonnage gold systems with predictable exploration models (Figure 2). This year's work is progressing well, with our first core delivered for assaying with results expected in mid to late October.\"Yukon PropertiesOnyx controls a portfolio of greenfield gold properties in eastern Yukon, totaling 210 km2. The King Tut Property is Onyx's most advanced and compelling property, located in the heart of an emerging reduced intrusive-related gold district in Yukon's Selwyn Basin. Previous fieldwork identified large-scale undrilled gold-in-soil anomalies in a comparable geological setting 50 km from Snowline Gold's Rogue/Valley Discovery, one of Canada's most significant new gold discoveries.Onyx commenced the first-ever drill program on the King Tut Property in late July of this year. Phase 1 drilling focused on testing the Main Tut and Golden Mask gold-in-soil anomalies which ar...