Northwire Canada EditionWednesday, August 12, 2026
Sign inSubscribe
Northwire
⌕
CRE 0.345 −2.8% GNG 0.100 +0.0% XTG 2.62 −0.8% LIFT 2.95 +2.8% ANK 0.325 −4.4% FIN 0.105 +0.0% BTO 7.17 +1.7% SGD 17.02 −0.9% CNC 1.55 −1.3% EFR 20.45 −0.7% UTWO 0.350 +0.0% LVX 0.540 +1.9% BONE 0.035 +0.0% CLCH 1.15 +2.7% DRY 0.305 +0.0% PUMA 0.130 +0.0% CRE 0.345 −2.8% GNG 0.100 +0.0% XTG 2.62 −0.8% LIFT 2.95 +2.8% ANK 0.325 −4.4% FIN 0.105 +0.0% BTO 7.17 +1.7% SGD 17.02 −0.9% CNC 1.55 −1.3% EFR 20.45 −0.7% UTWO 0.350 +0.0% LVX 0.540 +1.9% BONE 0.035 +0.0% CLCH 1.15 +2.7% DRY 0.305 +0.0% PUMA 0.130 +0.0%
Drill Results

Onyx Gold drills 60.8 m of 1.2 g/t Au at Munro-Croesus

By The Northwire Desk — AI Analysis Oct 07, 2025 · 17:05 ONYX · 1.61 Onyx Gold Corp.
ONYX · Price

Executive Summary

  • Onyx Gold reported significant near‑surface gold intercepts from four step‑out drill holes and multiple surface channel samples at the Argus North zone of its 100 % owned Munro‑Croesus project.
  • Intercepts include high‑grade intervals such as 3.0 m @ 5.9 g/t Au (hole MC25‑200) and 7.4 m @ 8.4 g/t Au (Channel G), confirming a wide (>100 m strike) mineralized zone that extends from surface to >350 m depth.
  • The results come as the company finalizes a $20 M bought‑deal financing and an upsized $6.4 M non‑brokered financing, leaving the 25,000‑m drill program fully funded through 2026.

Key Details

  • Drill Hole MC25‑200: 60.8 m @ 1.2 g/t Au overall; includes 3.0 m @ 5.9 g/t Au.
  • Drill Hole MC25‑202: 37.8 m @ 1.8 g/t Au overall; includes 8.6 m @ 5.0 g/t Au.

  • Drill Hole MC25‑204: 37.5 m @ 1.2 g/t Au overall; includes 10.2 m @ 2.4 g/t Au.

  • Channel A: 10.7 m @ 0.6 g/t Au overall; includes 3.1 m @ 7.4 g/t Au.

  • Channel B: 8.9 m @ 0.9 g/t Au overall; includes 2.8 m @ 1.6 g/t Au.
  • Channel C: 21.3 m @ 2.0 g/t Au overall; includes 4.0 m @ 5.0 g/t Au.
  • Channel D: 15.5 m @ 1.6 g/t Au overall; includes 6.5 m @ 2.8 g/t Au.
  • Channel E: 7.4 m @ 4.9 g/t Au overall; includes 3.9 m @ 8.4 g/t Au.
  • Channel F: 3.4 m @ 1.8 g/t Au overall; includes 1.0 m @ 4.0 g/t Au.
  • Channel G: 7.4 m @ 4.9 g/t Au overall; includes 3.9 m @ 8.4 g/t Au (duplicate of E, reported separately).

  • Channel H: 15.4 m @ 2.2 g/t Au overall; includes 2.0 m @ 8.4 g/t Au.

  • Total drilling completed to date: 64 holes (assays announced for 18 holes); ~20,000 m (~80 %) of the expanded 25,000‑m program drilled.

  • Surface work: 174 individual channel samples (≈1 m each) collected from 11 channels across the stripped area.

  • Historical context: Prior high‑grade intercepts at Argus North include 69.6 m @ 3.4 g/t Au (hole MC24‑163) and multiple >5 g/t Au intervals reported earlier in 2025.

  • Geology: High‑grade subintervals associated with strong albitization, silicification, pyritic stringers, and localized porphyritic intrusions within variolitic basalt and volcanic breccias; mineralization traced from surface to >350 m depth and remains open along strike, down‑dip, and down‑plunge.

  • Financing status: Recent closing of a $20 M bought‑deal financing; pending close of an upsized $6.4 M non‑brokered financing with strategic investors, ensuring funding through 2026 for continued exploration.

Notable Quotes

“Argus North continues to deliver wide intervals of gold mineralization right from surface… a rare and highly attractive combination in the Timmins camp,” said Brock Colterjohn, President & CEO.
“With the majority of assays from our fully funded 25,000‑metre program still pending, we are steadily building a clearer picture of the opportunity.”

Read the original news release →

More from Onyx Gold Corp.

Jul 16, 2026 · 07:02

Onyx’s Argus North depth extension reveals a deeper, lower-grade core within the system, with grades and widths remaining undisclosed.

Drill Results Jun 04, 2026 · 06:54

Onyx Gold extends the Argus system with broad intercepts as its 110km drill program accelerates in the Timmins camp.

Drill Results May 14, 2026 · 07:01

Onyx Gold’s Argus Main high-grade corridor expands, reinforcing the multi-zone potential of its Timmins camp play.

Drill Results May 07, 2026 · 07:03

Onyx Gold Expands Drill Program to 110k Meters as Strategic Backing Holds Steady Amid Price Consolidation

Production / Operations Apr 23, 2026 · 07:01

Onyx Gold Doubles Down on Timmins Drilling as Share Price Lags Discovery Pace

Production / Operations Mar 31, 2026 · 07:01

High-Grade Discoveries and Strategic Consolidation Drive Rapid Valuation Growth in the Timmins Gold Camp

Drill Results