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Onyx Gold Expands Munro-Croesus Drill Program to 110,000 Meters; Adds Fourth Drill Rig

Onyx Gold expanded its 2026 Munro‑Croesus drill program from 75,000 m to 110,000 m and added a fourth drill rig, accelerating delivery of results and increasing near‑term newsflow. The program is fully funded (treasury ~US$22M) with more than 50,000 m (135 holes) completed to April 22, 2026 and ~60,000 m remaining. Onyx highlights lateral and vertical continuity at its Argus Zones (over ~1,400 m strike and >500 m depth) and several high‑grade intercepts (e.g., 73.2 m @ 2.4 g/t Au including 12.0 m @ 5.7 g/t and 6.1 m @ 12.4 g/t). Management frames the expansion as a district‑scale exploration effort across 109 km² and 8 km of the Pipestone Fault corridor, signaling multiple catalysts ahead (drill batches, drone mag survey, webinar). Market impact: the move is a bullish operational milestone for gold exposure—supporting investor interest in Onyx and reinforcing attention on Timmins‑region exploration—but does not directly reference bullion price moves.

Category

Gold

Sentiment

Bullish

Event

Milestone

Reading time

1 min