The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
New HighGold Mining spinout off to a quick start in the Yukon North of 60 Mining News – August 4, 2023
Onyx Gold has launched a 2,500-meter drill program to test two strong gold-in-soil anomalies identified at its King Tut property at the center of Yukon's Tombstone Gold Belt.
Click on image for larger Onyx Gold Yukon map.
Onyx Gold Corp. Aug. 2 announced the start of a 2,500-meter drill program at King Tut, which the new Canada-focused junior explorer believes to host the best undrilled intrusive-related gold-in-soil anomalies within eastern Yukon's emerging Tombstone Gold Belt not already controlled by Snowline Gold Corp.
King Tut is the most advanced of four Yukon properties held by Onyx, a junior exploration company spun out of HighGold Mining Inc. to explore a portfolio of gold properties in Ontario and the Yukon. Situated between Snowline's Rogue property to the north, Golden Oly property to the south, and Fireweed Metals Corp.'s MacMillan Pass zinc property to the northeast, King Tut lies at the center of the action within the Tombstone Gold Belt.
"We're very excited to launch the first-ever drill program at King Tut," said Onyx Gold President and CEO Brock Colterjohn. "Our first drill program will target two highly prospective gold anomalies at Golden Mask and Main Tut, which we believe are some of the best undrilled intrusive-related gold-in-soil anomalies in this emerging new gold district."
This drilling began at Golden Mask, a 1,000- by 1,000-meters gold-in-soil anomaly with associated bismuth, tellurium, tungsten, and arsenic – geochemical signatures of a reduced intrusion-related gold system. Nearly every sample collected from the Golden Mask anomaly returned assays of greater than 20 parts per billion gold, with most of the samples running above 50 ppb gold to a peak of 1,423 ppb (1.42 grams per metric ton) gold.
Roughly 75% of the 2023 drilling, or around 1,875 meters, is slated for Golden Mask, with the balance planned for Main Tut.
Lying about nine kilometers (five miles) east of Golden Mask, Main Tut is a large gold-in-soil anomaly that is more than 6,000 meters long and 200 to 1,500 meters wide. This target is defined by a broad zone of moderately to strongly anomalous gold-in-soil values to a peak of 13,390 ppb (13.39 g/t) gold, with coincident strongly anomalous reduced intrusion-related gold system pathfinder geochemical signature similar to Golden Mask.
The drilling at King Tut will be accompanied by detailed geological mapping, soil and rock sampling, prospecting, airborne drone-magnetic surveying, and lidar imagery over the main anomalies to refine drill targets, as well as a property-wide evaluation to identify other prospective areas for follow-up.
In addition to gold targets similar to those being drilled at the Valley discovery on Snowline's Rogue property about 50 kilometers (30 miles) to the north, Onyx says King Tut shows evidence for sedimentary exhalative (SEDEX) zinc-lead-silver mineralization similar to what is found on Fireweed Metals' Macmillan Pass project located 30 kilometers (20 miles) to the east.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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