Banyan Gold Corp. Reports 110.7 M of 0.62 G/T AU and Continued Growth At the Powerline Deposit, Aurmac Property, Yukon
August 23, 2021 at 04:36 pm IST
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Banyan Gold Corp. announced the results from the next five drill holes which have been received for the Powerline Deposit, AurMac Property, Yukon. Step-out grid-based drilling continues to identify significant intervals of consistent gold mineralization further expanding the mineralization footprint of this impressive and growing on and near-surface gold deposit. Gold mineralization remains open in all directions and current drilling activities are now focused on resource expansion to the east and west of Powerline Phase 1 drilling completed in July. Phase 1 Drilling at AurMac included drilling at both the Powerline and Aurex Hill targets. At Powerline, 10,476 m (50 holes) was drilled in a systematic, 100 m centered, drill grid designed to test the expansion potential of the Powerline Deposit. Drilling at Aurex Hill included 18 diamond drill holes totalling 4,386 m. Assay results from 35 of the 50 Powerline holes have been received and reported, with 12 holes from Powerline and the entirety of the18 holes from Aurex Hill pending. Phase 2 Drilling began in late July and is designed to expand the limits of the Powerline Deposit and is planned to continue until December 2021 and then planned to resume in February 2022.
Banyan Gold Corp. is a Canada-based exploration company. The Company is focused on two Yukon gold properties, the AurMac Gold Project and Hyland Gold Project. The Hyland Gold Project is located in the Watson Lake Mining District in the southeast Yukon, approximately 74 kilometers northeast from the town of Watson Lake within the traditional territory of the Kaska Dena Nation (Liard First Nation). It consists of approximately 927 active Yukon registered quartz mineral claims totaling over 18,620 hectares in area that is road accessible from Watson Lake. The AurMac Gold Project is located in the Mayo Mining district, approximately 56 kilometers northeast from the village of Mayo and 356 kilometers north of Whitehorse, within the traditional territory of the First Nation of Na-Cho Nyak Dun. The project consists of approximately 506 active Yukon registered quartz mineral claims totaling over 9,230 hectares.