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Banyan Drills 18 Metres of 1.11 G/T AU From Surface at New Aurex Hill Target, Aurmac Property, Yukon
VANCOUVER, BC / ACCESSWIRE / February 8, 2021 / Banyan Gold Corp . (the " Company " or " Ba...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Drills 18 Metres of 1.11 G/T AU From Surface at New Aurex Hill Target, Aurmac Property, YukonVANCOUVER, BC / ACCESSWIRE / February 8, 2021 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN) is pleased to announce results of three (AX-20-55 to AX-20-57) additional diamond drillholes located in a previously untested area of the Aurex Hill Zone, AurMac Property, Yukon (Table 1 and Figure 1).Highlights from this new mineralized zone results include:1.11 g/t Au over 17.9 metres from surface in AX-20-570.91 g/t Au over 20.5 metres from surface in AX-20-54Diamond drilling at the Aurex Hill Zone in 2020 was comprised of seven (7), exploration holes designed to test a small portion of the highly prospective co-incident Au-As-in-soil anomalies previously defined by Banyan to be covering the majority of Aurex Hill. Drilling occurred in an untested area, over 300 m northwest of historic Aurex Hill diamond drillholes and hosts the same lithological package as at the Powerline Zone, over 1.25 km to the west.\"These results, along with the results released in our January 11, 2021 news release demonstrate that the Au-As-in-soil anomalies at Aurex Hill are the weathering expression of broad based, near surface gold mineralization.\" stated Tara Christie, President and CEO \"In particular, both AX-20-54 and AX-20-57 have identified 18 to 20 Metres of ~1 g/t Au from surface in a well-developed oxide zone. Banyan has again successfully applied the AurMac mineralization model to explore a highly prospective zone that has never before been tested. We believe these early holes may link the Powerline Zone to the Aurex Hill Zone.\"The first holes in this area, including those from the January 11, 2021 news release, in this newly recognized zone have intersected a well developed and pervasive oxidized footprint to depths of over 40 Metres and coincident with extensive discordant sheeted auriferous quartz-arsenopyrite veining.Figure 1: Cross Section showing near surface oxide gold mineralization from AX-20-54 to AX-20-57.Table 1: 2020 Highlighted Diamond Drill Analytical ResultsHole IDFrom(m)To(m)Interval*(m)Au(g/t)AX-20-55243.541.50.25Including33.535.01.51.00 AX-20-562.7115.0112.30.24including8.09.51.51.02including47.147.40.322.40and154.5224.069.50.31including181.9182.20.36.16including184.8185.20.42.60including200.0200.60.62.45includin...