news

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

Kitco Media
By Anonymous
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - 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.

'You can add ounces very quickly' - Banyan Gold's Tara Christie on AurMac project

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.