en.Wedoany.com Reported - On March 14, 2026, Canadian exploration company Onyx Gold Corp. announced drill results from its Munro-Croesus project near Timmins, Ontario. The project has an 110,000-meter drill program, and these results come from 18 drill holes across the Argus Main and Argus North zones, revealing a gold system with a strike length exceeding 1.4 kilometers and a vertical depth of over 500 meters. The company believes that a northeast-trending structural corridor controls the high-grade gold mineralization at each zone and may extend for several kilometers along the Pipestone Fault corridor.
At the Argus Main zone, drill hole MC26-288 intersected three stacked mineralized zones from near surface to a depth of approximately 400 meters, with a cumulative mineralized intersection of 171.4 meters, including an upper section of 69.9 meters grading 0.7 g/t gold, which contained 16.5 meters grading 2.1 g/t gold. Drill hole MC26-292 had a cumulative mineralized intersection of 287.1 meters, with a middle section of 40.7 meters grading 1.3 g/t gold, including 5.8 meters grading 5.8 g/t gold. The new drill holes extended the mineralized footprint by 40 meters to the northeast. Argus Main remains open along strike and at depth, with one drill rig conducting systematic expansion drilling.
The 16 drill holes at the Argus North zone also made progress. Drill hole MC25-248 returned 28.0 meters grading 1.6 g/t gold from surface, including 2.0 meters grading 6.5 g/t gold; another interval of 42.0 meters grading 1.8 g/t gold, including 4.0 meters grading 8.0 g/t gold. Drill hole MC25-251 returned 42.0 meters grading 1.4 g/t gold from surface, including 7.8 meters grading 3.5 g/t gold, and 45.9 meters grading 1.4 g/t gold, including 19.0 meters grading 2.6 g/t gold and 4.0 meters grading 7.2 g/t gold. Drill hole MC25-238 revealed 48.9 meters grading 1.2 g/t gold, and MC26-266 revealed 34.8 meters grading 1.2 g/t gold. The company stated that Argus North continues to deliver broad zones of mineralization from surface to depth, enhancing the expansion potential of the area.
Onyx Gold President and CEO Brock Colterjohn said in a press release: "These latest results continue to demonstrate the growing scale and continuity of the Argus system and further validate our interpretation. In particular, Argus Main is beginning to show characteristics similar to Argus North, with structurally controlled high-grade intervals contained within broad mineralized envelopes. With over 50,000 meters still to drill this year, we remain in the early stages of unlocking the potential of this system." The property is located in the heart of the Abitibi Greenstone Belt, adjacent to deposits being developed by Mayfair Gold and STLLR Gold.
In the gold market, gold prices have fluctuated recently, influenced by factors such as global geopolitical uncertainty. As of May 2026, the gold price had risen 41.80% compared to the same period last year. The World Bank Group forecasts that global metal prices will rise 17% in 2026, marking the first overall increase since 2022. Expert Jeff Valks gave Onyx Gold stock a "Buy" rating on May 14, citing its four drill rigs, approximately C$20 million in cash, and ample drill meterage, representing a strong portfolio in Timmins. Onyx Gold Corp. currently has a market capitalization of approximately C$117.3 million, with 85.62 million shares outstanding and 32% institutional ownership.
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