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Banyan Drills 1.09 G/T Gold Over 40 Metres and Links Powerline and Aurex Hill Zones, Aurmac Property, Yukon
VANCOUVER, BC / ACCESSWIRE / January 11, 2021 / Banyan Gold Corp . (the " Company " or " Ba...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Drills 1.09 G/T Gold Over 40 Metres and Links Powerline and Aurex Hill Zones, Aurmac Property, YukonVANCOUVER, BC / ACCESSWIRE / January 11, 2021 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN) is pleased to announce, diamond drill assay results from the next eight (8) diamond drillholes received from the 2020 exploration program at Powerline and Aurex Hill, AurMac Property, Yukon.Highlights from these new analytical drill results include:0.69 g/t Au over 38.3 metres from 65.1 metres in AX-20-461.09 g/t Au over 40.0 metres from 52.5 metres in AX-20-470.91 g/t Au over 20.5 metres from 7.0 metres in AX-20-54\"These results, along with our previous and historical results demonstrate that the AurMac mineralized system extends over 2.5 km including Powerline and Aurex Hill.\" stated Tara Christie, President and CEO. \"Our team is now positioned to target interpreted higher grade areas within this rapidly developing portion of the Property - yet another target to allow Banyan to build additional near surface resources and confirm our belief in the multi-million ounce potential of the AurMac property.\" Figure 1: Plan map showing 2020 Drill holes and 2.5km of mineralization between the Powerline Zone and Aurex Hill. Holes AX-20-46 to 54 were drilled along the route of the access trail.Powerline ZoneThe Powerline deposit lies approximately one 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 represents another near surface bulk tonnage minable target at AurMac. At a 0.20 g/t Au cut-off, the pit-constrained, inferred mineral resources are 6.6 million tonnes at an average gold grade of 0.61 g/t for a total of 129,019 ounces of gold. (See Table 2).Phase 1 2020 drilling at Powerline includes drill holes AX-20-41 through to AX-20-51, with highlighted results from holes AX-20-46 through to AX-20-51 in table 1 below and shown on Figures 1 and 2. These holes were drilled along the access trail constructed into the Aurex Hill Zone. Results for this phase of drilling demonstrated that gold mineralization at the Powerline is part of a much larger gold system than captured in the 2020 Powerline Deposit Resource Model. As the 2020 drilling progressed South and East from the Powerline Deposit there was a...