from Banyan Gold Corp. (isin : CA06683K1066)
Banyan Intersects 0.95 g/t Gold Over 35.7 Metres, Aurex Hill Deposit, AurMac Project, Yukon, Canada
VANCOUVER, BC / ACCESSWIRE / January 15, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from the remaining drillholes of the 2023 drill program which consisted of 24,700 metres ("m") of diamond drilling from 107 holes on the Company's AurMac Project ("AurMac"), Yukon Territory.
Assay highlights from these results include:
- AX-23-449: 41.3 m of 0.51 g/t gold from 118.6 m
- AX-23-454: 25.6 m of 0.82 g/t gold from 21.6 m
- AX-23-465: 54.3 m of 0.56 g/t gold from 33.5 m
- AX-23-478: 70.4 m of 0.41 g/t gold from 124.1 m
- AX-23-481: 37.3 m of 0.71 g/t gold from 168.0 m
- AX-23-495: 57.3 m of 0.49 g/t gold from 81.5 m
- AX-23-500: 95.7 m of 0.29 g/t gold from 145.8 m
- AX-23-501: 114.0 m of 0.34 g/t gold from 117.7 m
- AX-23-506: 152.1 m of 0.31 g/t gold from 47.1 m
- AX-23-507: 35.7 m of 0.95 g/t gold from 24.4 m
- AX-23-508: 127.1 m of 0.37 g/t gold from 49.1 m
- AX-23-511: 98.0 m of 0.29 g/t gold from 90.1 m
- AX-23-517: 106.3 m of 0.35 g/t gold from 43.1 m
Drill results continue to be consistent with previous exploration at the Powerline and Aurex Hill Deposits (see Table 1 and Figure 1) and the deposits remain open to gold mineralization expansion in all directions and to depth. The program was also designed to begin to test potential mineralization bounds to identify locations for infrastructure as the Project is advancing.
"With three drill seasons since our initial Resource in 2020, Banyan has taken the resource at AurMac to 6.2 million ("M") ounces ("oz") demonstrating the strength and size of the mineralized gold system," stated Tara Christie, President and CEO. "This year's drilling post the 2023 Resource update, continues to expand the mineralized footprint and importantly has confirmed that Powerline and Aurex Hill deposits are connected and will be combined in subsequent Resources as the Powerline Deposit"
The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package which consists predominately of schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization is primarily associated with low angle quartz-sulfosalt-arsenopyrite veins which crosscut all lithologies and is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.
Highlighted results from drillholes that targeted newly defined gold mineralization are presented in Table 1, collar locations of all drillholes in Table 2, and Figure 1 details drillhole locations.
The images below illustrate selected instances of visible gold identified from assays summarized in this release.
Photographs of selected visible gold occurrences
Figure 1: AurMac Drillhole Locations
Table 1: Highlighted Powerline and Aurex Hill Diamond Drill Analytical Results
Hole ID | From (m) | To (m) | Interval (m*) | Gold (g/t) |
|---|---|---|---|---|
| AX-23-423 | 29.9 | 30.7 | 0.8 | 6.04 |
| And | 62.4 | 63.5 | 1.1 | 0.98 |
| AX-23-434 | 19.5 | 21.0 | 1.5 | 3.37 |
| AX-23-437 | 20.0 | 33.0 | 13.0 | 0.19 |
| And | 68.3 | 87.0 | 18.7 | 0.36 |
| And | 135.5 | 159.0 | 23.5 | 0.45 |
| AX-23-439 | 13.9 | 20.8 | 6.9 | 0.26 |
| And | 39.3 | 52.9 | 13.6 | 0.50 |
| AX-23-447 | 36.7 | 67.6 | 30.9 | 0.58 |
| AX-23-449 | 13.4 | 27.0 | 13.6 | 0.35 |
| And | 36.8 | 55.5 | 18.7 | 0.66 |
| And | 60.1 | 70.4 | 10.3 | 0.45 |
| And | 81.5 | 94.8 | 13.3 | 0.42 |
| And | 104.1 | 106.8 | 2.7 | 1.12 |
| And | 118.6 | 159.9 | 41.3 | 0.51 |
| And | 247.0 | 253.4 | 6.4 | 0.35 |
| AX-23-454 | 21.6 | 47.2 | 25.6 | 0.82 |
| And | 114.3 | 116.7 | 2.4 | 2.18 |
| And | 146.9 | 157.2 | 10.3 | 0.33 |
| And | 212.5 | 213.6 | 1.1 | 2.01 |
| And | 240.7 | 243.3 | 2.6 | 0.64 |
| AX-23-456 | 92.8 | 105.0 | 12.2 | 0.30 |
| And | 188.9 | 251.5 | 62.6 | 0.27 |
| And | 265.2 | 283.5 | 18.3 | 0.20 |
| And | 334.1 | 353.6 | 19.4 | 0.21 |
| And | 384.8 | 389.1 | 4.3 | 0.59 |
| And | 407.3 | 427.2 | 19.9 | 0.63 |
| And | 434.3 | 445.2 | 10.9 | 0.29 |
| And | 466.6 | 486.8 | 20.2 | 0.6 |
| And | 515.9 | 536.2 | 20.3 | 0.21 |
| And | 564.5 | 575.4 | 10.9 | 0.73 |
| AX-23-465 | 33.5 | 87.8 | 54.3 | 0.56 |
| And | 144.8 | 146.7 | 1.9 | 0.87 |
| And | 200.1 | 209.0 | 8.9 | 0.3 |
| AX-23-468 | 179.2 | 196.6 | 17.4 | 0.93 |
| And | 208.0 | 211.8 | 3.8 | 0.59 |
| AX-23-470 | 56.4 | 78.7 | 22.3 | 0.85 |
| And | 170.5 | 179.6 | 9.1 | 0.57 |
| AX-23-471 | 15.6 | 42.5 | 26.9 | 0.32 |
| And | 115.8 | 123.0 | 7.2 | 0.34 |
| AX-23-473 | 50.3 | 59.0 | 8.7 | 1.04 |
| And | 102.8 | 116.3 | 13.5 | 0.26 |
| And | 134.4 | 138.5 | 4.1 | 0.79 |
| And | 173.5 | 178.0 | 4.5 | 0.60 |
| And | 213.0 | 217.0 | 4.0 | 0.48 |
| AX-23-478 | 83.8 | 102.1 | 18.3 | 0.46 |
| And | 124.1 | 194.5 | 70.4 |