Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,932.90 −0.9% Silver 49.61 −2.5% Copper 6.39 −2.7% Oil 96.15 −0.3% Palladium 931.00 −3.9% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.395 +0.0% GAL 0.340 −1.4% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.03 +2.0% DNG 5.30 +0.8% VCU 0.780 +1.3% NVX 0.930 +2.2% LOD 0.210 −4.5% OBUL 0.380 +0.0% VMXX 0.400 +9.6% TGOL 0.130 +0.0% Gold 3,932.90 −0.9% Silver 49.61 −2.5% Copper 6.39 −2.7% Oil 96.15 −0.3% Palladium 931.00 −3.9% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.395 +0.0% GAL 0.340 −1.4% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.03 +2.0% DNG 5.30 +0.8% VCU 0.780 +1.3% NVX 0.930 +2.2% LOD 0.210 −4.5% OBUL 0.380 +0.0% VMXX 0.400 +9.6% TGOL 0.130 +0.0%
Drill Results Routine +

Onyx 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

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

By The Northwire Desk — AI Analysis Jun 04, 2026 · 06:54 ONYX · 1.22 Onyx Gold Corp.
Executive Summary
  • Onyx Gold Corp. released drill results from its fully funded 110,000-meter program at the 100%-owned Munro-Croesus Project in Ontario.
  • The Argus gold system has been extended with intercepts of 0.8 g/t Au over 70.0 meters and 0.7 g/t Au over 95.0 meters.
  • Mineralization now spans approximately 1.4 km of strike length and over 500 meters vertically across Argus Main, Argus North, and the newly identified Argus West zones.
  • Drilling remains open in multiple directions.
  • Program status: 159 holes completed (~62,000 meters); ~48,000 meters planned for the remainder of 2026.
  • Four drill rigs are currently active.
  • The company reports a cash position of approximately $20 million, fully funding the current exploration phase.
  • Geophysical work includes a completed 420 line-km high-resolution drone magnetic survey to refine targets along the Argus and Pipestone Fault corridors.
Material Impact
  • The June 4, 2026 release continues a consistent trajectory of exploration updates that have been rolling out since mid-2025.
  • The intercepts are in line with previous announcements, reinforcing the structural model that northeast-trending faults control higher-grade mineralization.
  • There are no material surprises or misses; the results validate the company's geological interpretation but do not represent a step-change in scale or grade that would fundamentally alter the project's economics overnight.
  • The fully funded status and addition of a fourth rig are positive operational milestones that de-risk near-term execution, but they are incremental to the previously announced 110,000-meter program expansion from April 2026.
  • Given the steady cadence of similar announcements, the market has likely already priced in this level of progress. The impact is positive but routine.
ONYX · Price
Company Overview
  • Onyx Gold Corp. is a discovery-focused exploration company operating in two premier Canadian gold jurisdictions: the Timmins Camp in Ontario and the Eastern Tombstone Gold Belt in Yukon.
  • Flagship Project: Munro-Croesus Project (109 km² land package). The project hosts the historic Croesus Mine and the rapidly expanding Argus system (Argus North, Main, and West).
  • The Argus system is characterized by broad, near-surface bulk-tonnage mineralization (Argus Main) and high-grade structural corridors (Argus North/West) controlled by the Argus and Pipestone Faults.
  • Secondary Project: King Tut Property in Yukon, focusing on the Ra intrusion, which shows strong surface sampling results and intrusion-related gold potential.
Read the original news release →

More from Onyx Gold Corp.

Oct 26, 2026 · 06:31

Onyx reports 166 m at 0.7 g/t at Argus Main, while new intersections at Big Break and JM remain lean.

Drill Results Oct 05, 2026 · 06:31

Onyx confirms gold at Flipper three kilometres south, though the 0.7 g/t grade represents optionality rather than defined tonnage.

Drill Results Sep 17, 2026 · 06:31

Onyx secures Argus land and access rights, though no new assay results were released to impact the project's economic outlook.

Drill Results Aug 19, 2026 · 06:31

Onyx’s Argus Main intersection returned visible gold but lacks the width and grade to be considered a mine-making discovery.

Drill Results 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 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