The diamond drillholes reported here intersected new high-grade domains extending Powerline mineralization to a new area southwest of the main deposit and demonstrating the continuity of high-grade in the central Powerline deposit and between the Airstrip Deposit.
Highlights
AX-25-690 - 1.15 g/t Au over 10.5m within 0.74 g/t Au over 45.5m, including high-grade intervals of 6.82 g/t Au over 1.9m and 9.75 g/t Au over 1.0m
AX-25-694 - 4.27 g/t Au over 2.0m within 0.62 g/t Au over 28.6m
AX-25-724 - 4.60 g/t Au over 5.9m within 0.64 g/t Au over 55.4m; including high-grade interval of 14.90 g/t Au over 1.5m
AX-25-728 - 0.86 g/t au over 16.5m and 1.03 g/t au over 6.8m
AX-25-741 - 1.97 g/t Au over 3.3m within 0.29 g/t Au over 78.2m
AX-25-746 - 1.70 g/t Au over 5.7 m within 0.92 g/t Au over 18.8 m
AX-25-748 - 3.41 g/t Au over 0.5m and 0.65 g/t Au over 12.2m within 0.30 g/t Au over 89.1m
'We have successfully intersected high-grade intervals at the Resource pit edge with additional sheeted veins hosting coarse sulphosalts, sulphides and visible gold in follow-up step outs 100 and 400 m from known mineralisation, with assay results pending,' said
Analytical Method and Quality Assurance/Quality Control Measures
All diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the
Core splits reported in this news release were analysed by
About Banyan
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Contact:
Tel: 778 928 0556
Email: tchristie@banyangold.com
Jasmine Sangria
Tel: 604 312 5610
Email: jsangria@banyangold.com
FORWARD LOOKING INFORMATION
This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend(s)', 'believe', 'potential' and 'continue' or the negative thereof or similar variations, Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the potential for resource expansion; the potential to convert waste into high grade resources, mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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