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Banyan Commences 2023 Exploration Program and Expands Technical Team, Aurmac Property, Yukon
VANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Banyan Gold Corp . (the " Company " or " Banyan ")...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Commences 2023 Exploration Program and Expands Technical Team, Aurmac Property, YukonVANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the commencement of the 2023 exploration program at its AurMac Property, located in the Mayo Mining District, Yukon, and the addition of Brad Thrall as technical advisor.\"Banyan is on track for the planned Resource update to demonstrate our progress, and with the resumption of drilling, we feel the excitement of the early days of exploration poised for additional discoveries. Our geological and structural interpretations indicate that the deposits remain open with considerable growth potential,\" stated Tara Christie, President & CEO of Banyan. \"Additionally, as we advance towards development, we are building our team in key areas with Brad Thrall bringing advice and experience in metallurgy, permitting and building mines in the Yukon.\"Exploration at the AurMac Property has now resumed with three (3) diamond drill rigs working on an initial planned 25,000 metre (\"m\") drill program for 2023. The 2023 program will include expanded metallurgical, geotechnical and baseline environmental programs, and is now supported by an on-site prep lab.In 2022, step-out drilling to the east and west of the Powerline and Aurex Hill resources identified a near/on-surface zone of gold trend that is interpreted to have grade continuity over a total of five (5) kilometres (\"km\") of strike length. Structural interpretations have identified an important lineament that is coincident with a change in the orientation of gold mineralization trends between Powerline and Aurex Hill (Figure 1). The initial focus of the 25,000 m drill program will be to close the gap between Powerline Deposit and Aurex Hill deposit while also testing for a mineralized structure separating the two deposits. Continuing to drill test East Aurex Hill will also be a drilling priority following up on the trend outlined by DDH AX-22-320 and DDH AX-22-364 which returned 84.4 m of 1.13 g/t Au from 22.8 m (news release - November 7, 2022) and 30.5 m of 1.48 g/t Au from 28.3 m (news release - February 27, 2023), respectively.Additionally, two East-West oriented trends have been identified through both Powerline and Aurex Hill Deposits. The Powerli...