Onyx 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

The most recent news (March 31, 2026) reports high-grade drill intercepts from the Argus Main zone at the Munro-Croesus project. Key results include 4.9 g/t Au over 15.0 meters (within a broader 77.2m at 1.3 g/t) and 2.9 g/t Au over 12.5 meters (within 99.5m at 1.2 g/t). Additionally, regional reconnaissance drilling confirmed gold mineralization 900m southwest of Argus North, proving the "Pipestone Fault" exploration model. The company also acquired four additional claims (64 ha) adjoining its Hewitt Property for 70,000 shares and a 2% NSR.

The news is Material - Positive. While the company has consistently released strong results over the past year, these specific intercepts represent the "best combination of width and grade to date" at Argus Main. - Economic Enhancement: The results transition Argus Main from a purely "bulk-tonnage" low-grade target to one containing significant high-grade structures, which materially improves potential project economics. - Proof of Concept: The regional reconnaissance success (900m step-out) suggests the mineralized system is much larger than the currently defined zones, increasing the probability of a multi-million ounce district-scale discovery. - Operational Velocity: With 63% of the 75,000m program complete and $24M in cash, the company is moving at a pace rarely seen in junior explorers, reducing the "time-to-discovery" risk.

Onyx Gold is a Canadian explorer focused on the Abitibi greenstone belt (Ontario) and the Tombstone Gold Belt (Yukon). - Flagship Project: Munro-Croesus (100% owned, 109 km²). It surrounds the historic high-grade Croesus Mine. - Key Zones: Argus North (High-grade, wide intercepts), Argus Main (Bulk tonnage with high-grade cores), and Argus West (New discovery).