Business
Onyx Gold Starts Drilling at King Tut Gold Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - August 2, 2023) - Onyx Gold Corp. (TSXV: ONYX) ...
About this update from Onyx Gold Corp.
[{"type":"text","content":"Onyx Gold Starts Drilling at King Tut Gold Project, YukonVancouver, British Columbia--(Newsfile Corp. - August 2, 2023) - Onyx Gold Corp. (TSXV: ONYX) (\"Onyx Gold\" or the \"Company\") is pleased to announce that drilling has commenced (the \"Program\") at its 100%-owned King Tut Gold Project (\"King Tut\" or the \"Project\") located in the Tombstone Gold Belt of east-central Yukon, Canada. King Tut is the most advanced of Onyx Gold's four Yukon properties and includes kilometer-scale, high-tenor gold-in-soil anomalies associated with reduced intrusions, which appear to be similar to mineralization found 50 km away at Snowline Gold Corp.'s recent Valley discovery at their Rogue project (Figure 1). Crews have been on-site at the Project since early July, conducting an initial work program to refine targets, with drilling now underway at the first hole at the Main Tut gold-in-soil anomaly.Exploration Program Highlights:Plans for 2,500 meters (8-12 drill holes) of diamond drilling with one drill rig;100% allocated towards discovery drilling at two untested intrusive-related gold-in-soil anomalies, Golden Mask and Main Tut;Detailed airborne drone-magnetic surveying and LiDAR imagery to refine drill targeting and delineate new targets in prospective geological and structural corridors;Geological and alteration mapping to contextualize historical work and generate new targets in prospective areas for follow-up, and; Sizeable soil and rock grab sampling programs to generate new target areas (1,200 soil samples planned)\"We're very excited to launch the first-ever drill program at King Tut,\" commented Brock Colterjohn, President & CEO. \"Our first drill program will target two highly prospective gold anomalies at Golden Mask and Main Tut, which we believe are some of the best undrilled intrusive-related gold-in-soil anomalies in this emerging new gold district. In addition, our planned mapping, sampling, and drone-magnetic survey work programs represent a significant and extensive regional exploration program on a district-scale property that has seen no significant work completed in more than a decade. We look forward to communicating our progress to the market over the coming months.\"Exploration Drill Program DetailsThe objective of the 2023 program is to evaluate several large kilometer-scale undrilled gold-in-soil anomalies a...