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Banyan Gold Files Technical Report for Aurmac Property, 4 Million Ounce Updated Mineral Resource Estimate, Yukon, Canada
VANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Banyan Gold Corp . (the " Company " or " Banya...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Gold Files Technical Report for Aurmac Property, 4 Million Ounce Updated Mineral Resource Estimate, Yukon, CanadaVANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Banyan Gold Corp. (the \"Company\" or \"Banyan Gold\") (TSX-V:BYN) (OTCQB:BYAGF) announces the filing of the Technical Report to support the Updated Mineral Resource Estimate (\"Mineral Resource\") in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition ‎Standards incorporated by reference in National Instrument 43-101 (\"NI 43-101\") for the AurMac Property. The AurMac Property is ‎located in the Mayo Mining ‎district, approximately 40 kilometres northeast from the village of Mayo, Yukon and 356 ‎kilometres north of Whitehorse, Yukon (the \"AurMac Property\"). ‎ The Technical Report was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., Dino Pilotto, P.Eng. of JDS Energy & Mining Inc. and R. Nick Gow, PhD. of Forte Dynamics. The report has been filed on June 29, 2022 and is available on SEDAR.As announced on May 17, 2022, the Updated AurMac Mineral Resource comprises a total inferred mineral resource of 3,990,000 ounces of gold (Table 1) on the road accessible AurMac Property.This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. The Resource Estimate is summarized below in Table 1Table 1: Pit-Constrained Inferred Mineral Resources at a 0.2 g/t Au Cut-Off - AurMac PropertyDepositAu Cut-Offg/tTonnageM TonnesAverage Au Gradeg/tAu Contentk oz.Airstrip0.242.50.64874Powerline0.2152.00.592,898Aurex Hill0.312.50.53215Total Combined0.2 - 0.3207.00.603,990Notes to Table 1: ‎The effective date for the Resource Estimate is May 13, 2022. The updated Resource Estimate for the AurMac Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. Please see the news release of May 17, 2022.Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Resource Estimate may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.The definitions of i...