12:39 PM EST, 11/13/2025 (MT Newswires) -- Onyx Gold ( ONXGF ) on Thursday it launched a fully-funded 50,000-meter phase-three expansion to the diamond drill program at its Munro-Croesus Project, located 75-kilometers east of Timmins, Ontario.

"This marks the largest drill program in the property's history and one of the most significant ongoing exploration programs in the Timmins Gold Camp," the company said.

The company said that the new program, budgeted at $11 million and utilizing three drill rigs, follows a "successfully completed" 25,000-meter campaign.

"With three rigs turning and more than $31 million in the treasury, we can execute this expanded program without dilution while maintaining flexibility to scale further as results warrant," said Chief Executive Brock Colterjohn. "This next phase will deepen our understanding of Argus North, test multiple kilometres of the underexplored Pipestone Fault and advance several high-priority targets across the very large property. We believe Munro-Croesus has the potential to become a cornerstone gold project within one of Canada's most prolific mining districts."

The company's shares were last seen up $0.02 to $1.20 on the TSX Venture Exchange.

Price: 1.20, Change: +0.02, Percent Change: +1.69