Banyan Gold - President and CEO, Tara Christie.
President and CEO, Tara Christie.
Source: Banyan Gold.
  • Banyan Gold (BYN) has released results from 37 drill holes from its Yukon-based AurMac Property
  • Highlights include 34.8 m of 1.02 g/t Au from 153.9 m, and 42.9 m of 0.80 g/t Au from 100 m
  • Results continue to expand near/on-surface gold mineralization at the Powerline and Aurex Hill deposits
  • The 2023 exploration program at AurMac will feature a phase 1 program of 25,000 m beginning in March
  • Banyan Gold is a mineral exploration company advancing gold properties in Yukon
  • Banyan Gold (BYN) opened unchanged, trading at $0.42 per share

Banyan Gold (BYN) has released results from 37 drill holes from its Yukon-based AurMac Property.

The results stem from the 2022 exploration, which included over 50,000 m drilled at the Powerline and Aurex Hill deposits.

Highlights:

  • 62.2 m of 0.59 g/t Au from 269.5 m in DDH AX-22-306
  • 32.5 m of 0.69 g/t Au from 52.4 m in DDH AX-22-312
  • 45.4 m of 0.57 g/t Au from 115.8 m in DDH AX-22-321
  • 47.7 m of 0.70 g/t Au from 47.7 m in DDH AX-22-323
  • 46.9 m of 0.65 g/t Au from 149.4 m in DDH AX-22-333
  • 66.5 m of 0.36 g/t Au from surface (4.6 m) in DDH AX-22-341
  • 34.8 m of 1.02 g/t Au from 153.9 m in DDH AX-22-346
  • 42.9 m of 0.80 g/t Au from 100 m in DDH AX-22-354
  • 63.8 m of 0.69 g/t Au from 160.2 m in DDH AX-22-357
  • 55.5 m of 0.45 g/t Au from 121.9 m in DDH AX-22-358
  • 144.8 m of 0.30 g/t Au from 12.2 m in DDH AX-22-360
  • 143.2 m of 0.31 g/t Au from 18.3 m in DDH AX-22-362

“2022 drill results continue to expand the extent of near/on-surface gold mineralization at the Powerline and Aurex Hill deposits,” stated Tara Christie, Banyan’s President and CEO. “Both deposits remain open, and these most recent results received have demonstrated two notable mineralized trends in Aurex Hill.”

Results are consistent with previous exploration drill results.

Gold mineralization at Powerline and Aurex Hill appears to be associated with a large intrusion-related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.

Banyan is using a strong bismuth-gold association at AurMac to establish additional exploration vectors.

The 2023 exploration program at AurMac will feature a phase 1 program of 25,000 m beginning in March, as well as expanded metallurgical, geotechnical and baseline environmental programs.

Potential investors can learn more about the company at the Vancouver Resource Investment Conference (January 29-30, 2023) and PDAC (March 5-8, 2023), among other upcoming appearances.

Banyan Gold is a mineral exploration company advancing gold properties in Yukon. Its primary asset, The AurMac Gold Property, houses an inferred mineral resource of 3,990,000 ounces gold.

Banyan Gold (BYN) opened unchanged, trading at $0.42 per share.


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