ADVANCES IN JUNIOR MINING #33 - ONYX GOLD CORP.

  Onyx Gold Corp, an exploration company based in Vancouver, British Columbia, is carving its path in gold mining in Canada by focusing on two key regions: the Timmins Gold Camp in Ontario and the Selwyn Basin in Yukon.

The company's core approach focuses on identifying substantial gold deposits through systematic exploration efforts and targeted acquisitions.

 In Timmins, Ontario, Onyx's primary assets encompass an impressive 426 square kilometers of gold projects. These include the renowned Munro-Croesus Gold Property, known for high-grade mineralization, and the earlier-stage exploration properties, Golden Mile and Timmins South. Holding vast resources, these areas present a great window of opportunity for strategic gold mining exploration and activity.

 In the Selwyn Basin, Yukon, Onyx controls four properties across 210 square kilometers. These properties, identified as King Tut, RGS, Canol, Stan, and Ra, bare geological similarities with Snowline Gold Corp.'s significant discoveries in the region, indicating a strong potential for profitable exploration.

 Onyx Gold Corp. hasn’t shied away from advancing its assets. A firm exploration focus is represented with targeted drilling programs, including recent discoveries at the GM Vein and Argus North Zone at the Munro-Croesus property. The company is also exploring bulk-tonnage Reduced Intrusion-Related Gold Systems in Yukon, further expanding its exploration footprints.

 Driven by ambition and strategic thinking, Onyx raised $1.5 million through private placement in 2024 to fund exploration activities. This includes a winter drill program in Timmins and summer fieldwork on newly acquired properties. Continual expansion of land holdings and refinement of high-priority targets have reinforced Onyx's presence as a leading junior explorer in Canada.

 The Company is strategically positioned in two of Canada’s premier gold regions—Timmins, Ontario, and the Tombstone Gold Belt in Yukon—balancing stability and growth potential for investors. The Timmins Gold Camp, with a proven track record of over 70 million ounces of gold produced, offers a stable, infrastructure-rich exploration environment. This complements the significant discovery potential of the underexplored Tombstone Gold Belt in Yukon, where early-stage results signal promising opportunities.

 Onyx Gold Corp.’s experienced management team guides its focus on responsibly advancing mineral resources in Canada’s gold sector. By balancing stability and growth through strategic exploration, the company aims to capitalize on high-potential opportunities in the gold mining industry.

Share Price April 11, 2025-TSXV(ONYX)—CAD 0.42

52 week high--          0.48, Low 0.16

Price/Book- -             0.54x

Market Cap--            19.85M

Shares Outstanding—47.25M

 

"For information purposes only and not a recommendation to buy or sell shares"

 

Mining News: www.minestockers.com

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