Sign in to confirm you’re not a bot
This helps protect our community. Learn more
Onyx Gold Announces Acquisition of Strategic WEAS Property in the Yukon and Lock-Up Agreement
5Likes
65Views
May 92024
Onyx Gold is thrilled to announce a strategic acquisition that strengthens our position in the Yukon. We've entered into an option agreement with Senoa Gold Corp. to acquire 100% of the WEAS Property, which lies contiguous to our King Tut Property. This acquisition is of immense strategic importance, providing Onyx full control over two mineralized intrusions in the Tombstone Gold Belt. Key Highlights: -Strategic Location: The 627-hectare WEAS Property is situated within the -King Tut Property, offering control over both the WEAS and Golden Mask intrusions. -Historical Gold Potential: Previous exploration has identified multigenerational gold-bearing quartz veins with historical drilling showing 1.0 g/t gold over 21 meters and surface samples up to 20.1 g/t gold. -Future Exploration Plans: We are preparing a field program to map, prospect, and sample to identify potential drill targets within the gold-bearing quartz veins. -Agreement Structure: Onyx will acquire 100% of the WEAS Property over a series of share distributions to Senoa Gold Corp. Our team is energized by the opportunity this acquisition provides. We are excited about our upcoming field program, which aims to identify new gold discoveries, and we're committed to maximizing the potential of this acquisition. Stay tuned for more updates as we unlock value in this rapidly emerging mining camp. For more details, read the full news release here: https://onyxgold.com/onyx-gold-announ... #MiningNews #GoldExploration #YukonGold #OnyxGold #StrategicAcquisition #TombstoneGoldBelt #GoldInvesting #ResourceExpansion #GoldMining #CanadianMining

Follow along using the transcript.

Onyx Gold Corp.

3 subscribers