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Banyan Drills 1.07 g/t Over 68.5m and Extends Powerline Mineralization by Over 500m, Aurmac Property, Yukon
VANCOUVER, BC / ACCESSWIRE / November 16, 2020 / Banyan Gold Corp . (the "Company" or "Bany...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Drills 1.07 g/t Over 68.5m and Extends Powerline Mineralization by Over 500m, Aurmac Property, YukonVANCOUVER, BC / ACCESSWIRE / November 16, 2020 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN) is pleased to announce, diamond drilling analytical results from the first five (5) diamond drillholes received from the 2020 exploration program at the Powerline Zone, AurMac Property, Yukon. These holes successfully demonstrate the Powerline Mineralization Model applies beyond the 2020 Powerline Resource extent and importantly, the expansion potential of Powerline in all directions and at depth.Highlights of the first five 2020 Powerline drill results include:0.72 g/t Au over 128.5 metres from 82.0 metres in AX-20-43Including 1.07 g/t Au over 68.5 metres0.80 g/t Au over 29.8 metres from 129.5 metres in AX-20-420.47 g/t Au over 30.5 metres from 43.0 metres in AX-20-410.76 g/t Au over 13.0 metres from 135.0 metres in AX-20-440.46 g/t Au over 27.0 metres from 12.0 metres in AX-20-45High grade intervals within these above intervals include:3.74 g/t Au over 1.5 metres in AX-20-412.56 g/t Au over 1.5 metres in AX-20-4211.5 g/t Au over 0.6 metres in AX-20-426.38 g/t Au over 1.5 metres in AX-20-433.54 g/t Au over 3.0 metres in AX-20-433.04 g/t Au over 3.0 metres in AX-20-435.50 g/t Au over 3.4 metres in AX-20-433.79 g/t Au over 1.5 metres in AX-20-435.15 g/t Au over 1.5 metres in AX-20-45\"These results demonstrate that the gold mineralization at the Powerline Zone is part of a much larger gold system than captured in the 2020 Powerline Deposit Resource model\", stated Tara Christie, President and CEO, \"AX-20-41 through to AX-20-45 are 100 metre step-outs south of the 2020 Resource, respectively, and together add over 500 metres of mineralized footprint south of the Powerline deposit. The near surface Powerline Deposit grades 0.61 g/t Au, comparable to the resource grade of 0.63 g/t of Victoria Gold's producing Eagle Gold Mine, which is just 40 km away. Powerline was a 2019 discovery and reinforces the near-surface gold potential of the larger AurMac Property.\"Powerline is approximately one (1) kilometre south of the Airstrip Deposit of the AurMac Property and shares all the infrastructure of Airstrip. Importantly, Powerline is open to expansion in all directions and at depth and represents another near surface bulk ton...