Banyan Gold (TSXV: BYN | OTCQB: BYAGF) has released results from 25 diamond drill holes from its ongoing 2023 exploration campaign, which establishes continuous gold mineralization between the Powerline and Aurex Hill deposits on the company’s AurMac property in Yukon, Canada.
“Confirmation that AurMac gold mineralization is continuous between Powerline and Aurex Hill was an important goal of our phase one drill programme,” said Tara Christie, Banyon Gold president and CEO.
“All these reported drill holes are post the 2023 6.2Moz gold resource update, and are additive to the overall mineral resource of the property, validating management’s position there remains room to grow this on and near surface deposit.”
Assay highlights included:
- AX-23-415: 37.4m of 0.82g/t Au from 103.4m
- AX-23-429: 28.0m of 0.81g/t Au from 80.5m
- AX-23-429: 18.5m of 2.22g/t Au from 182.0m
- AX-23-436: 53.8m of 0.81g/t Au from 194.5m
- AX-23-451: 17.7m of 1.44g/t Au from 141.1m
The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package consisting of predominately schists, quartzites, and limestones with gold mineralization chiefly associated with low angle quartz-sulfosalt-arsenopyrite veins.
These are interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits. A strong bismuth-gold association has been identified at AurMac and is being utilized to establish exploration vectors over the property.
Banyan began its 2023 exploration programme on 1 March. The company reports that 100 drill holes and more than 23,400m of drilling have been completed to date which together closed the gap between the Powerline and Aurex Hill deposits and extended the Aurex Hill zone further to the east. Phase two of the 2023 exploration programme is underway.
For further information, please visit: www.banyangold.com
