202618 releases
Onyx Gold Drills 166.0 Meters of 0.7 g/t Gold at Argus Main and Extends Argus Trend to 2.6 Kilometers with New Gold Intercepts at Big Break and JM
Onyx Gold reports assay results from 31 additional drill holes at its Argus Gold System and Pipestone Fault corridor on the 100%-owned Munro-Croesus Project, 75 kilometers east of Timmins, Ontario. Highlights include 0.7 g/t Au over 166.0 m at Argus Main (MC26-343) and 18.8 g/t Au over 2.3 m at JM (MC26-350), and gold is now identified along an approximately 2.6 km trend.
Drill resultsOnyx Gold Confirms New Sediment-Hosted Gold Zone 3 km South of Argus; Drills 0.7 g/t Gold Over 46.7 Meters at Flipper
First-pass drilling at the Flipper Zone, about 3 km south of the Argus Gold System at the 100%-owned Munro-Croesus Project 75 km east of Timmins, Ontario, returned 0.7 g/t Au over 46.7 m, including 4.0 g/t Au over 5.0 m and 13.5 g/t Au over 1.0 m, in hole MC26-277. The six-hole, 2,172-metre program also returned 0.5 g/t Au over 46.7 m in MC26-272 and 4.1 g/t Au over 3.0 m in MC26-284; MC26-280 returned no significant assays. Onyx has completed 94,000 m of its 110,000-metre program and holds roughly $9 million in cash.
Drill resultsOnyx Gold Consolidates Key Ground Around Argus and Advances Extensive 2026 Surface Exploration Program Across Munro-Croesus
Four arm's-length, all-cash patented property acquisitions completed during 2026 give Onyx 100% of the key surface and mineral rights within a three-kilometre radius of the Argus Gold System at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, including a historical access trail offering a second route from Highway 101, about 2.7 km away. The option over the 21-hectare patented claim partially hosting Argus North was exercised early for C$1.35 million cash and 2,475,000 shares. Surface work included seven trenches, roughly 300 grab samples and 234 channels totalling 361 m; 236 drill holes totalling about 90,000 m of the 110,000 m program are complete.
CorporateOnyx 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
Drill hole MC26-340 at the Argus Main zone of the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 1.7 g/t Au over 67.0 m, including 4.1 g/t Au over 24.5 m, 13.2 g/t Au over 6.0 m and 73.4 g/t Au over 1.0 m with visible gold, while MC26-329 returned 0.7 g/t Au over 144.5 m. Six holes extended the Argus West corridor about 100 m west-southwest. The 110,000 m program is about 75% complete, with 206 holes totalling 82,700 m drilled, four rigs operating and approximately $14 million in cash.
Drill resultsOnyx Gold Extends Argus North to More Than 700 Metres Depth with 3.5 g/t Gold over 28.1 Metres
Drilling at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 3.5 g/t gold over 28.1 m (including 5.3 g/t over 17.8 m) in hole MC26-274A at Argus North, extending the zone to more than 700 m vertical depth. Argus Main hole MC26-324 returned 1.0 g/t Au over 93.0 m, and first-pass drilling 250 m northeast intersected 2.6 g/t Au over 7.3 m. Onyx has four rigs turning, 188 holes totalling ~75,000 m to date, and approximately $18 million in cash.
Drill resultsOnyx Gold Extends Argus Gold System with 0.8 g/t Gold over 70.0 Meters and 0.7 g/t Gold over 95.0 Meters
Drilling at the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 70.8 m grading 0.8 g/t Au (including 7.0 m at 3.4 g/t Au) in hole MC26-297 and 95.2 m at 0.7 g/t Au from a 100 m down-plunge step-out in MC26-303 at Argus Main, plus 35.5 m at 0.9 g/t Au in MC25-273 at Argus West. Results cover 19 holes; the Argus system spans about 1.4 km strike and over 500 m vertically. Onyx holds roughly $20 million cash, with about 48,000 m remaining in the 110,000 m program.
Drill resultsOnyx Engages Independent Trading Group as Market Maker
Independent Trading Group has been engaged to provide market-making services for Onyx Gold on the TSX Venture Exchange and other trading venues, subject to regulatory approval. ITG will be paid CAD$6,000 per month in advance under an initial one-month term that renews monthly unless terminated on 30 days' notice. The agreement contains no performance factors, and ITG receives no shares or options; the parties are unrelated and unaffiliated.
CorporateOnyx Gold Expands Emerging High-Grade Corridor at Argus Main
Drill results from 18 holes at the Munro-Croesus Project, 75 km east of Timmins, Ontario, include 69.9 m grading 0.7 g/t Au (including 16.5 m at 2.1 g/t) and 58.5 m at 0.6 g/t in MC26-288, and 40.7 m at 1.3 g/t Au (including 5.8 m at 5.8 g/t) plus 120.2 m at 0.4 g/t in MC26-292 at Argus Main, extending mineralization 40 m northeast. Argus North returned 42.0 m at 1.8 g/t Au in MC25-248. Onyx holds about $20 million in cash, with roughly 50,000 m remaining in its 110,000 m program.
Drill resultsOnyx to Host Webinar on May 14, 2026 at 10:00am PT/1:00pm ET to Provide Update on Munro-Croesus Drill Program
An exploration and technical webinar will be held on May 14, 2026 at 10:00am PT/1:00pm ET to update investors on the expanded 110,000 m drill program at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario. President & CEO Brock Colterjohn and VP Exploration Conor McKinley will review recent drill results, expansion drilling at the Argus discovery area, Pipestone Fault corridor targets, and plans for the remaining ~50% of the fully funded program through year-end 2026. A recording will be posted afterward.
CorporateOnyx Gold Expands Munro-Croesus Drill Program to 110,000 Meters; Adds Fourth Drill Rig
The 2026 drill program at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, has been expanded from 75,000 m to 110,000 m, with a fourth drill rig added. More than 50,000 m (135 holes) has been completed from May 2025 to April 22, 2026, with about 60,000 m remaining through year-end and 77 holes reported to date. The program is fully funded with a treasury of roughly $22 M, and a 900 line-km drone magnetic survey is set to commence.
Drill resultsOnyx Gold Drills New High-Grade Structure at Argus Main: 4.9 g/t Gold over 15.0 Meters Within 1.3 g/t Gold over 77.2 Meters; 2.9 g/t Gold over 12.5 Meters Within 1.2 g/t Gold over 99.5 Meters
Drilling at the Argus Main Zone of the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 15.0 m grading 4.9 g/t gold within 77.2 m at 1.3 g/t in hole MC26-270, and 12.5 m at 2.9 g/t within 99.5 m at 1.2 g/t in MC26-267, from a northeast-trending structure. Seven regional reconnaissance holes up to 900 m southwest of Argus North included 5.8 m at 1.0 g/t Au. Onyx also agreed to acquire four claims totalling 64 hectares for 70,000 shares and a 2% NSR.
Drill resultsOnyx Gold Confirms Western Expansion at Argus North with 2.3 g/t Gold Over 70.3 Meters, Including 28.6 Meters of 4.7 g/t Gold
Drill hole MC25-242EXT at the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 70.3 m grading 2.3 g/t Au, including 28.6 m at 4.7 g/t Au, 9.8 m at 5.9 g/t Au, 1.0 m at 28.3 g/t Au and 2.1 m at 22.4 g/t Au, from the Western Extension of the Argus North Zone across the Barton Creek Fault. The hole was a re-entry of MC25-242, extended from 399.0 m to 567.0 m, part of a 75,000-meter drill program.
Drill resultsOnyx Gold Named to the 2026 TSX Venture 50 Following Transformational Year of Discovery and Growth
Onyx Gold has been named to the 2026 TSX Venture 50, a ranking of the top 50 performing companies on the TSX Venture Exchange based on one-year share price appreciation, market capitalization growth and Canadian consolidated trading value. In 2025 the Company recorded 641% share price appreciation and 1,202% market capitalization growth. The performance followed the Argus North discovery at the Munro-Croesus Project in the Timmins Gold Camp, Ontario, and drilling across the broader Argus trend.
CorporateOnyx Gold Expands Argus Main Zone with 1.0 g/t Gold Over 59.7 Meters Advancing Near-Surface Bulk Tonnage Growth at Munro-Croesus Project
Drilling at the western extension of the Argus Main Zone at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned gold in all six holes, including 59.7 m grading 1.0 g/t Au (with 18.4 m at 2.0 g/t) in MC25-255, 73.1 m at 0.8 g/t in MC25-247 and 47.0 m at 0.8 g/t in MC25-245. Some intervals are hosted in Porcupine Group metasediments. Onyx has completed 110 holes totalling over 40,000 m of a 75,000 m program, with assays reported for 67 holes and $27 million in treasury.
Drill resultsOnyx Gold Strengthens Leadership Team with Appointment of Vice President, Investor Relations
Vanessa Pickering has been appointed Vice President, Investor Relations of Onyx Gold, effective immediately. She previously served as Manager, Investor Relations at Orezone Gold Corp. and Manager, Corporate Communications and Development at IDM Mining Ltd., and spent more than seven years at ATAC Resources Ltd. Under the omnibus incentive plan, Pickering received 75,000 RSUs and 100,000 options, with a further 935,000 RSUs to directors and officers and 1,415,000 options at $1.65 per share for five years.
ManagementOnyx Gold Reports 2025 Results at King Tut Property, Yukon
The 2025 summer field program at the King Tut Property in Yukon's eastern Tombstone Gold Belt defined an 850 m x 500 m high-priority target area within a 1,700 m x 1,000 m vein field at the Ra intrusion. Channel samples returned 5.0 m grading 0.7 g/t Au, including 1.0 m of 2.5 g/t Au, 5.0 m grading 0.5 g/t Au, and 1.0 m grading 2.1 g/t Au, with outcrop grabs up to 14.7 g/t Au. The 20-day program collected 562 samples; a 2026 program including potential drilling is being developed.
CorporateOnyx Gold Drills 2.4 g/t Gold Over 73.2 Meters Including 12.4 g/t Gold Over 6.4 Meters in Deepest Intersection to Date at Argus North, Munro-Croesus Project
Drill results from eight holes at the Argus North Zone of the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, include 73.2 m grading 2.4 g/t Au (with 6.1 m at 12.4 g/t and 12.0 m at 5.7 g/t) plus 37.6 m at 1.1 g/t in hole MC25-243, and 1.8 m at 67.3 g/t Au including 0.9 m at 133.7 g/t, plus 25.7 m at 5.0 g/t, in MC25-242. Onyx has drilled 100 holes totalling over 35,000 m of a 75,000 m program and holds $27 million in treasury.
Drill resultsOnyx Gold Discovers New High-Grade Vein Zone at the C Zone, Munro-Croesus Project
Surface channel sampling at the newly trenched C Zone on the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 39.5 g/t Au over 2.3 m, including 124 g/t Au over 0.62 m, 9.4 g/t Au over 0.96 m and 8.3 g/t Au over 0.75 m. Of 62 channel samples averaging 0.8 m, ten exceeded 0.5 g/t Au and four exceeded 1 g/t Au. Onyx will resume its 75,000 m drill program in early January, with about $30 million in treasury.
Drill results
202516 releases
Onyx Gold Returns 194 m of 1.8 g/t Au at Argus North, Including 28 m of 3.0 g/t Au and 24.1 m of 3.7 g/t Au
Drill hole MC25-233 at the Argus North Zone of the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 194.0 m grading 1.8 g/t Au, including 28.0 m at 3.0 g/t Au and 24.1 m at 3.7 g/t Au, plus a lower interval of 60.7 m at 1.3 g/t Au. Seven holes at Argus Main returned near-surface mineralization over 200 m strike, including 66.6 m at 0.4 g/t Au in MC25-211 and 1.0 m at 10.5 g/t Au. Onyx has completed 100 holes totalling over 36,000 m of a 75,000 m program and holds about $30 M in treasury.
Drill resultsOnyx Gold Discovers New Gold Zone 250 meters from Argus North
Drilling at the new Argus West zone, 250 m southwest of Argus North at the 100%-owned Munro-Croesus Project 75 km east of Timmins, Ontario, returned 21.2 m grading 2.1 g/t Au from 9.8 m in hole MC25-213, including 14.0 m of 3.0 g/t Au and 1.0 m of 19.7 g/t Au, plus 26.2 m of 1.2 g/t Au including 5.0 m of 5.1 g/t Au; MC25-199 returned 14.0 m of 1.0 g/t Au. Onyx also agreed to buy a 1.5% NSR royalty on certain Munro-Croesus and Timmins South claims for 50,000 shares.
Drill resultsOnyx Gold Expands Argus North Discovery Footprint – 208 m of 2.3 g/t Au, Including 25 m of 5.2 g/t Au
Drill hole MC25-232 at the Argus North Zone of the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 208.0 m grading 2.3 g/t Au, including 54.4 m at 3.3 g/t Au and 24.9 m at 5.2 g/t Au (including 12.0 m at 7.2 g/t Au), extending the zone 50 m to the south. Onyx has completed 81 drill holes to date, with assays reported for 37, finishing its 25,000 m Phase II program; a fully funded 50,000 m Phase III program using three rigs is underway.
Drill resultsOnyx Gold Commences 50,000 m Phase Three Drill Program and adds Third Rig at the Munro-Croesus Gold Project, Ontario
A fully funded 50,000 m phase three diamond drill program has begun at the 100%-owned, 109 km² Munro-Croesus Project, 75 km east of Timmins, Ontario, budgeted at $11 million and using three drill rigs. It follows a completed 25,000 m, 81-hole campaign, with results from 45 holes pending. Allocations include ~36,000 m on a three km mafic variolitic basalt trend, ~4,500 m at GM Vein/Croesus Flow, ~1,500 m at Lalonde and 2,500 m at Flipper. Cash stands at approximately $31.4 million. The Company also granted 300,000 stock options at $1.18.
Drill resultsOnyx Gold Drills 1.5 g/t Gold over 99.5 Meters, Including 3.3 g/t Gold over 17 Meters; Further Expanding Gold Mineralization at Argus North
Drilling at the Argus North Zone of the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 99.5 m grading 1.5 g/t Au, including 17.0 m at 3.3 g/t Au, in hole MC25-195, and 71.0 m grading 1.3 g/t Au, including 8.3 m at 3.9 g/t Au, in MC25-197. Results cover 16 holes; step-outs at Argus East returned 1.5 m at 11.2 g/t Au, while five Argus West holes had no significant values. Onyx has completed 70 holes, about 22,000 m (88%) of its 25,000 m program, with assays reported for 32.
Drill resultsOnyx Announces Closing of $6.4 Million Non-Brokered Financing at $2.43 per Share Involving Strategic Investors, Bringing Total Aggregate Proceeds Raised to $26.4 Million
A non-brokered private placement with strategic investors closed for gross proceeds of $6,439,500 through the issue of 2,650,000 flow-through common shares at $2.43 per share, with no finder's fees payable and a four month and one day hold period. Combined with the previously completed bought deal private placement, total gross proceeds are approximately $26,440,000. Proceeds will fund Canadian exploration expenses on the company's Ontario projects on or before December 31, 2026, renounced to subscribers effective December 31, 2025.
FinancingOnyx Gold Defines Gold Mineralization Right at Surface at Argus North
Channel sampling and step-out drilling at the Argus North zone of the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 60.8 m grading 1.2 g/t Au including 3.0 m at 5.9 g/t Au in hole MC25-200, 37.8 m at 1.8 g/t Au including 8.6 m at 5.0 g/t Au in MC25-202, and 37.5 m at 1.2 g/t Au in MC25-204. Channel C returned 21.3 m at 2.0 g/t Au including 4.0 m at 5.0 g/t Au. Onyx has completed 64 holes, about 20,000 m of the 25,000 m program, with assays reported for 18 holes.
Drill resultsOnyx Gold Announces Upsize in Non-Brokered Financing to $6.4 Million at $2.43 per Share Involving Strategic Investors
A non-brokered private placement has been upsized to 2,650,000 flow-through common shares at $2.43 per share for gross proceeds of approximately $6,445,000, involving strategic investors, with closing expected on or about October 15, 2025 subject to TSX Venture Exchange conditional approval. Combined with the bought-deal offering closed October 2, 2025, aggregate gross proceeds are expected to total approximately $26,445,000. Proceeds will fund Qualifying Expenditures on Ontario projects by December 31, 2026, renounced effective December 31, 2025.
FinancingOnyx Announces Closing of Brokered Financing for $20 Million
A bought deal private placement closed for total gross proceeds of $19,999,999.50, comprising 4,740,000 flow-through shares at $2.11 and 6,665,733 non-flow-through shares at $1.50, including full exercise of the $2,000,000 underwriters' option. Cormark Securities and Canaccord Genuity led the syndicate, which received a 6% cash commission of $1,199,999.97. Flow-through proceeds will fund Canadian exploration expenses in Ontario by December 31, 2026. A separate non-brokered placement of 2,300,000 flow-through shares at $2.43 for $5,589,000 is expected to close in coming weeks.
FinancingOnyx Announces Upsize of Brokered Financing to $18 Million and Concurrent $5.6 Million Non-Brokered Financing at $2.43 per Share Involving Strategic Investors
A previously announced $15,000,000 bought deal private placement has been upsized by about $3,000,000 to $18,000,000, consisting of 4,740,000 flow-through shares at $2.11 and 5,332,400 common shares at $1.50, with an underwriters' option for up to an additional $2,000,000. A concurrent non-brokered placement of 2,300,000 flow-through shares at $2.43 will raise $5,589,000 from strategic investors. Combined gross proceeds are approximately $23,600,000, with closing expected on or about October 2, 2025; flow-through proceeds fund Ontario exploration.
FinancingOnyx Arranges $15 Million Bought Deal Financing
A bought deal private placement for aggregate gross proceeds of $15,001,650 has been arranged, comprising 4,740,000 flow-through shares at $2.11 for $10,001,400 and 3,333,500 common shares at $1.50 for $5,000,250, with Cormark Securities as sole bookrunner and Canaccord Genuity as co-lead underwriter. The underwriters hold an option to add up to $2,000,000. Flow-through proceeds will fund Canadian exploration expenses on Onyx's Ontario projects by December 31, 2026, with closing expected around October 2, 2025.
FinancingOnyx Gold Drills 1.1 g/t gold over 194.4m Cumulative Thickness in Step-Out Hole at Argus North Zone, Munro-Croesus Project
Step-out drilling 50 m west of the Argus North discovery section at the Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 91.0 m grading 1.1 g/t Au including 4.0 m of 4.6 g/t Au plus a deeper 103.4 m at 1.1 g/t Au including 38.4 m of 2.4 g/t Au in hole MC25-177, a cumulative 194.4 m. Hole MC25-181 returned 139.1 m at 0.8 g/t Au. Onyx has completed 48 holes, about 15,000 m of the 25,000 m program, with roughly $10 M in cash.
Drill resultsOnyx Gold Launches 2025 Exploration Program at King Tut in Yukon’s Eastern Tombstone Belt
A 21-day, fly-camp-based field program began August 9, 2025 at the Ra target on the King Tut Property in Yukon's eastern Tombstone Gold Belt, involving alteration and vein mapping plus rock and channel sampling by a crew of up to 8 from Archer, Cathro & Associates. A Class 1 Notification approved August 5, 2025 permits surface exploration and up to 5,000 metres of diamond drilling from 10 sites. At Munro-Croesus, Ontario, 40 holes totalling ~12,000 metres are complete, and the TSXV approved the $300,000 Munro Property purchase agreement.
Drill resultsOnyx Gold Intersects 52.2 M of 2.2 g/t Gold and 50.4 M of 1.9 g/t Gold at Argus North Zone, Munro-Croesus Project
Drilling at the Argus North Zone on the Munro-Croesus project, 75 km east of Timmins, Ontario, returned 52.2 m grading 2.2 g/t gold including 5.2 m of 5.1 g/t, plus a deeper 61.3 m of 1.5 g/t in hole MC25-178; hole MC25-179 returned 66.8 m of 1.4 g/t and MC25-180 returned 50.4 m of 1.9 g/t from 6.1 m downhole. Mineralization is defined over 200 m vertically to surface. The board approved expanding the program from 10,000 m to 25,000 m; 26 holes totalling ~9,000 m are complete.
Drill resultsOnyx Gold Intersects 91 Meters of 1.8 g/t Gold, including 17 Meters of 5.3 g/t Gold in First Step-out at Argus North Discovery, Munro-Croesus Project
Drilling at the Argus North Zone on the wholly owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 91.0 m grading 1.8 g/t Au, including 32.0 m at 4.0 g/t and 17.0 m at 5.3 g/t, in hole MC25-168, a 50 m up-dip step-out from discovery hole MC24-163, and 59.7 m at 2.5 g/t Au, including 18.7 m at 5.2 g/t, in MC25-171. Hole MC23-140-EXT returned 43.8 m at 0.9 g/t Au. To date 17 holes totalling 5,580 m have been completed of a fully funded 10,000 m Phase 1 program.
Drill resultsOnyx Gold Continues to Consolidate Key Ground at Munro-Croesus with Strategic Acquisitions
Agreements have been signed to acquire 100% interests in the Munro and Hewitt properties at the Munro-Croesus Project, 75 km east of Timmins, Ontario, expanding the land package to 10,921 hectares (109 km²). The 227-hectare Munro Property, an inholding covering the northwestern extension of the Croesus Flow, will be acquired for $300,000 in two staged cash payments over 12 months, subject to due diligence. The remaining 50% of Hewitt costs $20,000, 75,000 shares and a 1.0% NSR royalty.
Acquisition