Banyan Gold Corp. (TSX.V:BYN)
Announced the results from the next five drill holes which have been received for the Powerline Deposit, AurMac Property, Yukon.
The highlight was 45.7 metres of 0.69 g/t Au, from surface, in DDH AX-21-93
|Banyan Gold||TSX.V: BYN|
|Market cap||C$61m @ 27c|
Banyan Gold Reports 110.7 M of 0.62 g/t AU and Continued Growth at the Powerline Deposit, Aurmac Property, Yukon
VANCOUVER, BC / August 23, 2021 / Banyan Gold Corp. (TSX.V:BYN) (the “Company” or “Banyan“) is pleased to announce the results from the next five drill holes which have been received for the Powerline Deposit, AurMac Property, Yukon.
Step-out grid-based drilling continues to identify significant intervals of consistent gold mineralization further expanding the mineralization footprint of this impressive and growing on and near-surface gold deposit.
Gold mineralization remains open in all directions and current drilling activities are now focused on resource expansion to the east and west of Powerline Phase 1 drilling completed in July.
Assay highlights from this series of drill results include:
- 45.7 metres of 0.69 g/t Aufrom surface in DDH AX-21-93
- 52.3 metres of 0.70 g/t Aufrom 119.9m in DDH AX-21-95
- 110.7 metres of 0.62 g/t Aufrom 96.6m in DDH AX-21-99
- 195.9 metres of 0.54 g/t Aufrom surface in DDH AX-21-100
- Including 24.8m of 1.51 g/t Au
Banyan Gold management comments
“The ongoing results are steadily and strongly demonstrating the size potential of the Powerline Deposit.
“It’s extremely rare to outline a near-surface deposit of this size and tenor immediately adjacent to an existing highway, communications and power infrastructure.
“The Company is fully funded through 2022 and plans an aggressive drill campaign designed to continue to expand and define resources towards an updated AurMac Mineral Resource in 2022.”
Tara Christie, President and CEO, Banyan Gold
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