Significantly Expands Known Mineralisation At AurMac
Banyan Gold Corp. (TSXV: BYN) has received further promising assay results from the final 15 drill holes of the Phase 1 programme at the Powerline Deposit, AurMac Property, Yukon.
Fifty holes, totalling 10,476m, were drilled in a systematic 100m centred grid completed in July 2021.
CEO, Tara Christie, said Banyan is pleased that the results have increased the area of known gold mineralisation by more than 650% (from 0.16 sq. km to 1.22 sq. km) and demonstrated potential for additional growth of the deposit in all directions.
Phase 2 drilling at Powerline is ongoing.
Assay highlights from this series of drill results include:
- 144.8 metres of 0.74 g/t Au from 7.6m in DDH AX-21-101
- Including 47.5 m of 1.43 g/t Au from 7.6m
- 60.9 metres of 0.41 g/t Au from 10.7m in DDH AX-21-103
- 89.6 metres of 0.50 g/t Au from 6.4 m in DDH AX-21-111
- 78.1 metres of 0.43 g/t Au from 129.5 m in DDH AX-21-112
- 28.2 metres of 1.28 g/t Au from 8.8 m in DDH AX-21-113
“Results continue to demonstrate growth potential of the Powerline Deposit, with continuity of near-surface gold distributed in mineralised horizons concordant with the sub-horizontal mineralisation model.” Christie said.
“Banyan is well positioned to continue to rapidly advance our AurMac Project with our recent financing which will enable us to ramp up to three drills and plan to complete a total of 30,000 m drilling in 2021.
“Projects with the potential to host three to five million ounces, that are near-surface adjacent to an existing highway, communications and power infrastructure are extremely rare and will be in demand.”
2021 Drilling at Powerline to date consists of ninety-five (95) diamond drill holes totalling 18,738m. The May 25, 2020 Powerline resource was based on 15 drill holes totalling 2,269m.
Gold mineralisation is interpreted to be associated with swaths of quartz veins dipping shallowly to the north, and within pyrrhotitic horizons with a dip to the south. The combination of the two controls of gold mineralisation equate to sub-horizontal mineralization envelopes at the current drill hole spacing.
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