from Banyan Gold Corp. (isin : CA06683K1066)
Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold, Airstrip Deposit, AurMac Project, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / February 19, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from sixteen (16) diamond drillholes collared within the Airstrip Deposit located on the Company's AurMac Project, Yukon Territory. This set of holes targeted the eastern portion of the Airstrip Deposit (Figure 2) as part of the 2024 AurMac definition drilling program.
Highlights from these most recent analytical results include:
AX-24-558: 7.2 metres ("m") of 2.93 g/t Au from 205.7 m
AX-24-569: 4.5 m of 4.49 g/t Au from 240.5 m
AX-24-573: 34.1 m of 0.66 g/t Au from 55.7 m
AX-24-577: 105.8 m of 0.60 g/t Au from 39.5 m
AX-24-581: 43.1 m of 0.71 g/t Au from 62.4 m
AX-24-586: 34.9 m of 0.70 g/t Au from 6.1 m
AX-24-586: 29.9 m of 0.78 g/t Au from 66.1 m
AX-24-588 17.1 m of 1.29 g/t Au from 65.9 m
AX-24-590: 15.9 m of 9.32 g/t Au from 65.7 m
Including AX-24-590: 3.7 m of 33.43 g/t Au from 77.9 m
AX-24-593: 13.8 m of 3.81 g/t Au from 67.6 m
AX-24-636: 90.0 m of 0.44 g/t Au from 68.5 m
"With intercepts such as 15.9 m of 9.32 g/t, including 3.7 m of 33.43 g/t,we continue to delineate notable high-grade zones within the AurMac gold deposits," stated Tara Christie, President and CEO. "These new results, combined with previous high grades and tenor from our 2024 drill program, have significantly enhanced the profile of the AurMac deposits. Not only do these results reaffirm the potential of the AurMac Project, but also highlight the strategic value of our 2024 drilling campaign to the understanding of the deposits. Banyan is well positioned for continued exploration and poised to take the next major step with our Preliminary Economic Assessment in 2025.
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.
Figure 1: AurMac Diamond Drill Grade Thickness Interval 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. Map B: presents an update of all analytical results through this February 19, 2025 News Release.
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-24-558 | 2.8 | 8.6 | 5.8 | 0.47 |
and | 66.6 | 86.9 | 20.3 | 0.61 |
and | 110.5 | 124.0 | 13.5 | 0.50 |
and | 152.2 | 159.5 | 7.3 | 0.59 |
and | 205.7 | 212.9 | 7.2 | 2.93 |
AX-24-563 | 33.2 | 52.2 | 19.0 | 0.33 |
and | 70.2 | 127.6 | 57.4 | 0.31 |
and | 135.6 | 147.3 | 11.7 | 0.48 |
and | 158.5 | 168.7 | 10.2 | 0.81 |
and | 201.0 | 203.8 | 2.8 | 0.28 |
AX-24-566 | 13.7 | 19.8 | 6.1 | 0.74 |
and | 49.9 | 56.4 | 6.5 | 0.36 |
and | 69.5 | 76.8 | 7.3 | 0.54 |
and | 108.0 | 120.4 | 12.4 | 0.41 |
and | 130.0 | 140.9 | 10.9 | 0.63 |
and | 148.9 | 165.4 | 16.5 | 0.40 |
and | 179.7 | 187.0 | 7.3 | 0.32 |
and | 212.7 | 220.1 | 7.4 | 0.63 |
and | 242.6 | 246.5 | 3.9 | 2.26 |
AX-24-569 | 7.6 | 27.2 | 19.6 | 0.71 |
and | 49.0 | 51.5 | 2.5 | 4.52 |
and | 98.5 | 113.4 | 14.9 | 0.35 |
and | 106.2 | 113.4 | 7.2 | 0.54 |
and | 176.5 | 216.1 | 39.6 | 0.34 |
and | 240.5 | 245.0 | 4.5 | 4.49 |
AX-24-573 | 55.7 | 89.8 | 34.1 | 0.66 |
and | 114.3 | 145.8 | 31.5 | 0.66 |
and | 175.3 | 186.0 | 10.7 | 0.37 |
and | 201.1 | 215.8 | 14.7 | 0.81 |
AX-24-577 | 39.5 | 145.3 | 105.8 | 0.60 |
and | 164.2 | 169.8 | 5.6 | 2.87 |
and | 201.3 | 206.4 | 5.1 | 0.39 |
AX-24-581 | 16.1 | 19.0 | 2.9 | 1.32 |
and | 40.5 | 49.3 | 8.8 | 0.29 |
and | 62.4 | 105.5 | 43.1 | 0.71 |
and | 136.2 | 140.7 | 4.5 | 0.35 |
AX-24-583 | 9.0 | 22.9 | 13.9 | 0.29 |
and | 45.1 | 55.9 | 10.8 | 0.22 |
AX-24-584 | 12.1 | 31.6 | 19.5 | 0.58 |
AX-24-586 | 6.1 | 41.0 | 34.9 | 0.70 |
and | 66.1 | 96.0 | 29.9 | 0.78 |
AX-24-588 | 14.2 | 49.8 | 35.6 | 0.40 |
and | 65.9 | 83.0 | 17.1 | 1.29 |
AX-24-590 | 12.9 |