Onyx Gold Corp. has returned assay results from nine additional drill holes at the Argus Gold System within its Munro-Croesus Project in Ontario, highlighted by an intersection of 1.7 grams per tonne gold over 67.0 metres at the Argus Main zone.

Drill hole MC26-340 included higher-grade sub-intervals of 4.1 g/t gold over 24.5 metres and 13.2 g/t gold over 6.0 metres, featuring a 1.0-metre section grading 73.4 g/t gold with visible gold. A second hole, MC26-329, intersected 0.7 g/t gold over 144.5 metres down-dip, including 1.1 g/t gold over 75.0 metres.

The drilling defines plunging zones within a broader envelope at Argus Main, outlined from surface to a depth of about 400 metres. Six holes testing the western extension of Argus West stretched the mineralized corridor roughly 100 metres west-southwest with gold intersected to a vertical depth of about 300 metres.

“Hole 340 is one of the strongest higher-grade intersections we have drilled at Argus Main to date and provides another important piece of the emerging picture at the Argus Gold System,” stated Brock Colterjohn, President & CEO. “The more we drill Argus Main, the better we are defining substantial higher-grade mineralization within the broader mineralized envelope.”

“Argus Main, Argus North and Argus West are individual zones within a much larger mineralized system that we are still in the early stages of defining. With four rigs operating and over 27,000 meters remaining in our fully funded program, our priority is to continue expanding the known zones while systematically testing for additional centres of mineralization across the broader system.”
— Brock Colterjohn, President & CEO

The Munro-Croesus property hosts the past-producing Croesus Gold Mine, which yielded high-grade gold in Ontario. Onyx consolidated the surrounding claims into a unified 112-square-kilometre land package starting in 2020.

The company is advancing a 110,000-metre drill program that is approximately 75% complete, with four rigs currently active. Onyx has completed 206 holes totalling roughly 82,700 metres and anticipates finishing by the end of 2026. Results from a completed 420 line-kilometre drone magnetic survey over the Argus Gold System and Pipestone corridor are expected shortly.

Read the full announcement: Onyx Gold Intersects 1.7 g/t Au over 67.0 Meters, Including 13.2 g/t over 6.0 Meters and Visible Gold Grading 73.4 g/t Au at Argus Main