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
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email firstname.lastname@example.org
This website is not sponsored, we are truly independent, and will always remain so.
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.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
At the time of writing the author holds shares in Banyan Gold, bought in the market at the prevailing price on the day of purchase.