The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - June 7, 2024
Onyx geologists prospecting along rocky slope in the Yukon.
Onyx Gold Corp. June 6 announced it has received the permits required to begin its 2024 exploration at the King Tut gold exploration project in eastern Yukon, Canada.
Formed last year to explore compelling gold exploration projects spun out of HighGold Mining Inc., Onyx Gold holds 100% interest in four separate properties sandwiched between Snowline Gold's Rogue and Olympus (previously named Golden Oly) projects in eastern Yukon; and three properties in the Timmins area in Ontario.
With a total of 1,105 claims sprawling over 21,500 hectares (53,441 acres), the company's Yukon portfolio includes the King Tut, RGS, Canol, Stan and recently acquired Ra (previously WEAS) properties.
Among these, King Tut currently stands out as the most promising, nestled in the core of a burgeoning, minimally intrusive-related gold district.
"With the arrival of warmer weather and the completion of our Timmins drilling program, our team is excited to shift their focus back to our King Tut property, proximal to Snowline Gold's properties in the Yukon Territory," said Onyx Gold President and CEO Brock Colterjohn. "Our Phase I exploration program is designed to leverage and build upon last year's encouraging results that confirmed widespread gold mineralization across the Main Tut and Golden Mask anomalies."
A Quartz Class 1 Notification recently received from the Yukon government allows Onyx to begin execution of its 2024 exploration program at King Tut, which is expected to include up to 4,900 meters of diamond drilling.
The phase-one program at King Tut, which is slated to begin in July, will include geological mapping, prospecting, and rock and soil sampling in the Golden Mask, Ra, and Main Tut areas.
"We are particularly excited to explore the significantly expanded footprint of the Golden Mask intrusion as well as our recent Ra (WEAS) acquisition," added Colterjohn. "The Ra prospect holds significant gold potential, confirmed by historical work, associated with gold-bearing sheeted quartz veins within an exposed three kilometer by two-kilometer granitic intrusion."
The result of this initial phase of 2024 exploration will help refine targets for drilling during the company's planned phase-two program.
"The phase I program results will help refine and prioritize drill targets ahead of a potential phase II diamond drilling program later this summer," Colterjohn continued. "We look forward to the busy field season and believe this year's programs mark an exciting step towards our goal of unlocking a new gold discovery in the prolific Tombstone Gold Belt."
Work by Onyx last year focused on a first-ever drill program on the property to test the promising Main Tut and Golden Mask gold-in-soil anomalies, which are associated with two separate intrusion-related gold systems, and the execution of property-wide geophysical surveys, geochemical surveys, and mapping and prospecting programs to refine drill targets and identify prospective areas for future exploration.
Results from the inaugural nine-hole 2,123-meter drill program confirmed widespread gold mineralization across the Main Tut and Golden Mask anomalies, including 32.5 meters averaging 0.30 grams per metric ton gold in drill hole KT23-005, validating the existence of potential bulk-tonnage reduced intrusion-related gold systems (RIRGS) on the property.
New airborne magnetic surveying and soil sampling have significantly expanded the size of the mapped intrusions at both targets.
In addition to follow-up work at Gold Mask and Main Tut, Onyx's initial phase of 2024 exploration will include reconnaissance surface sampling and mapping surrounding the newly acquired Ra intrusion on the WEAS claims.
Reader Comments(0)