from Banyan Gold Corp. (isin : CA06683K1066)
Banyan Drills 46.4 Metres of 1.31 Grams per Tonne Au, Airstrip Deposit, AurMac Project, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / January 29, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from nine (9) diamond drillholes collared within the Airstrip Deposit located on the Company's AurMac Project, Yukon Territory. This set of holes targeted the western portion of the Airstrip Deposit (See Figure 2) as part of the 2024 AurMac definition drilling program.
Highlights from these most recent analytical results include:
AX-24-597: 36.2 metres ("m") of 1.14 g/t Au from 20.8 m
AX-24-598: 21.7 m of 1.35 g/t Au from 51.3 m
AX-24-600: 23.4 m of 1.35 g/t Au from 36.7 m
AX-24-602: 65.5 m of 0.53 g/t Au from surface (3.2 m)
AX-24-604: 46.4 of 1.31 g/t Au from 55.8 m
AX-24-609: 68.1 m of 0.37 g/t Au from 38.9 m
AX-24-612: 64.5 m of 0.36 g/t Au from 149.5 m
AX-24-615: 62.5 m of 0.44 g/t Au from 133.4 m
"These results from the first drilling on the Airstrip deposit since 2021 demonstrate high grade gold intervals near-surface over appreciable widths, showcasing the potential for resource expansion," stated Tara Christie, President and CEO. "Updated interpretations by Banyan based on ongoing geological modelling and geophysical studies have identified the Airstrip deposit as a key component for the rapid increase of near-surface high-grade gold ounces at AurMac. These results underscore its potential."
Figure 1: AurMac Diamond Drill Grade Thickness Intervals Map. The calculation utilized for the presentation is Au Grade (g/t) x Interval (m). The grade thickness map was calculated using ESRI kernel density method. Where a drillhole has multiple intervals, the highest interval is used in the calculation. Map A: presents all analytical results to January 2024, and Map B presents an update of all analytical results through this January 29, 2025 news release.
Summarized analytical results of these drillhole assays are presented in Table 1, collar locations in Table 2 and Figure 2 identifies drill collar locations, respectively.
The Airstrip Deposit is contained within a metasedimentary package which consists of predominately schists, quartzites and limestones of the Mississippian age Sourdough Hill Member of the Keno Hill Formation. Gold mineralization here is chiefly associated with pyrrhotite-bearing skarn altered calcareous schists and with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies. Gold mineralization is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.
Figure 2: AurMac drillhole locations. Location of historic and Banyan completed diamond drillholes used in the Mineral Resource Estimate ("MRE")* (black and blue dots) and collar locations of 2024 drilling (yellow, red and green dots).
*MRE effective date of February 6, 2024, details in Table 3.
Table 1: Highlighted Airstrip Diamond Drill Analytical Results.
Hole ID | From (m) | To (m) | Interval (m*) | Au (g/t) |
|---|---|---|---|---|
AX-24-597 | 20.8 | 57.0 | 36.2 | 1.14 |
and | 71.7 | 75.5 | 3.8 | 0.49 |
AX-24-598 | 26.2 | 28.0 | 1.8 | 4.94 |
and | 51.3 | 73.0 | 21.7 | 1.35 |
and | 88.5 | 94.5 | 6.0 | 4.07 |
AX-24-600 | 36.7 | 60.1 | 23.4 | 1.35 |
and | 72.4 | 79.0 | 6.7 | 1.28 |
AX-24-602 | 3.2 | 68.7 | 65.5 | 0.53 |
and | 93.5 | 100.7 | 7.2 | 3.75 |
AX-24-604 | 24.0 | 30.7 | 6.7 | 0.47 |
and | 55.8 | 102.2 | 46.4 | 1.31 |
and | 143.0 | 159.5 | 16.5 | 0.55 |
AX-24-607 | 13.0 | 42.2 | 29.2 | 0.61 |
AX-24-609 | 38.9 | 107.1 | 68.1 | 0.37 |
and | 121.1 | 130.5 | 9.4 | 0.42 |
AX-24-612 | 82.1 | 97.9 | 15.8 | 0.55 |
and | 108.1 | 114.0 | 5.9 | 1.31 |
and | 149.5 | 214.0 | 64.5 | 0.36 |
and | 224.3 | 228.9 | 4.6 | 3.65 |
AX-24-615 | 28.0 | 63.3 | 35.3 | 0.33 |
and | 76.7 | 79.9 | 3.2 | 0.64 |
and | 108.7 | 113.0 | 4.3 | 0.37 |
and | 133.4 | 195.9 | 62.5 | 0.44 |
*True widths are estimated to be approximately 90% of drilled intervals.
Table 2: Drill Collar Location for Released Results
AX-24-597 | 466720 | 7084005 | 761 | 001 | -59 | 131.1 |
AX-24-598 | 466703 | 7083964 | 759 | 001 | -59 | 149.4 |
AX-24-600 | 466683 | 7084003 | 755 | 352 | -62 | 115.8 |
AX-24-602 | 466738 | 7083949 | 756 | 353 | -58 | 136.3 |
AX-24-604 | 466664 | 7083948 | 749 | 006 | -61 | 170.7 |
AX-24-607 | 466658 | 7084011 | 749 | 358 | -58 | 114.3 |
AX-24-609 | 466715 | 7083901 | 749 | 008 | -55 | 175.3 |
AX-24-612 | 466774 | 7083743 | 759 | 005 | -59 | 248.7 |
AX-24-615 | 466459 | 7083765 | 724 | 357 | -61 | 243.8 |
Upcoming Events
Yukon Mining Alliance Vancouver Investor Day, February 19, 2025
BMO 33rd Global Metals, Mining & Critical Minerals Conference, February 23 - 26, 2025
Tombstone Gold Rush Breakfast - Fireside Chat - Toronto, March 3, 2025
7AM to 9 AM EST
PDAC, Toronto, March 2 - 5, 2025
Exhibitor Booth No. 2213, March 2 - 3
SMI Conference, Zurich, March 18 - 19, 2025
Analytical Method and Quality Assurance/Quality Control Measures
All drill core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the aqua regia digestion ICP-MS 36-element AQ-200 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. All core samples were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and