Banyan Gold Corp. (TSX.V: BYN)

 Announce an updated mineral resource estimate prepared for the Company’s AurMac Property ‎located in the Mayo Mining ‎district, approximately 56 km northeast from Mayo, Yukon.

The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ‎ounces of gold.  […]  

 

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Banyan Gold	TSX.V: BYN
Stage	Exploration
Metal	Gold
Market cap	C$104 m @ 46c
Location	Yukon, Canada

 

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VANCOUVER, B.C., May 17, 2022, Banyan Gold Corp. (the “Company” or “Banyan“) (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce an updated mineral resource estimate (the “Resource Estimate”) prepared for the Company’s AurMac Property ‎located in the Mayo Mining ‎district, approximately 56 kilometres (‘kms”) northeast from Mayo, Yukon and 356 ‎kms north of Whitehorse, Yukon (the “AurMac Property”). ‎

The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ‎ounces of gold on the road accessible AurMac Property.

This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. 

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Banyan Gold management comments

“This Resource Estimate demonstrates the value generated by Banyan with 40,000 metres of drilling adding over 3 million ounces of inferred mineral resources.

 

“All three deposits are open, with mineralization known to extend beyond the current block model boundaries.”

 

“Examining the Airstrip and Powerline Mineral Resource model highlights their robust nature; when the cut-off grades are increased by 50%, to 0.3g/t, just 10% of the ounces are reduced; while the grade increases by 20% to an average of 0.72 g/t.

 

“We are confident the 30,000 metres that the Company plans to drill in 2022 will meaningfully continue to build upon this Resource Estimate.”

 

Tara Christie, President and CEO, Banyan Gold

 

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions about Banyan Gold, I will be delighted to assist – Please email andrew@city-investors-circle.com

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

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Disclosure

At the time of writing the author owns shares in Banyan Gold, bought in the market at the prevailing price on the day of purchase.

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