Onyx Gold Corp V.ONYX

‘We have a target that’s very much a look-alike’ V.ONYX

[Betteryear2]

67 views Jul 31, 2023

Darwin Green, executive chairman of Onyx Gold, spoke to Kitco mid-July in Dawson City at Invest Yukon’s Yukon Mining Property Tours & Investment Conference 2023. The conversation took place just prior to Onyx Gold’s July 24 trading debut on the TSX Venture Exchange. Onyx Gold (TSX-V: ONYX) was spun out from HighGold Mining, which has a gold-zinc-copper project in Alaska. HighGold’s former Canadian assets, now owned by Onyx Gold, include three projects in the world-famous Timmins, Ontario gold camp; and four properties within an emerging Yukon gold district, where Snowline Gold made a compelling discovery. Green says the $8.36 million raised through the spinout will be put into drilling, starting with the Yukon projects this summer and moving onto the Timmins properties in the fall. Onyx’s Yukon focus is the King Tut property, which Green says is comparable to Snowline Gold’s nearby Valley discovery: “We have a target that’s very much a look-alike in terms of intrusion-related, very strong and large gold soil anomaly.” Field crews are currently mapping the target areas, taking samples and conducting geophysics. The plan is for a 2,500-meter drill program starting in August, aimed at two targets — Golden Mask and Main Tut. [EDITOR'S NOTE: Travel and accommodation expenses were paid for by Invest Yukon.] 0:43 - Onyx Gold spinout 2:00 - $8 million for drilling 2:36 - Yukon properties 3:23 - King Tut project 4:50 - Drill program 6:25 - Tombstone gold belt 7:25 - Six to 12 months

‘We have a target that’s very much a look-alike’ — Onyx Gold's Darwin Green on the King Tut project - YouTube

[ahkow42]

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