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Banyan Gold Intersects 24.5 Metres of 1.34 G/T and Defines Widespread Gold Mineralization at Powerline Zone- Aurex-Mcquesten Gold Project, Yukon
VANCOUVER, BC / ACCESSWIRE / January 17, 2020 / Banyan Gold Corp . (the "Company" or "Banyan"...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Gold Intersects 24.5 Metres of 1.34 G/T and Defines Widespread Gold Mineralization at Powerline Zone– Aurex-Mcquesten Gold Project, YukonVANCOUVER, BC / ACCESSWIRE / January 17, 2020 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSX-V: BYN) is pleased to announce assay results from the seven (7) diamond drill-holes collared in the Phase 2, 2019 exploration campaign at the Powerline Zone on the Company's Aurex-McQuesten Gold Project near Mayo, Yukon. These seven (7) holes totaled 871 metres as step-out drill fences from the Powerline Discovery holes (See Company News Release of September 3, 2019); and defined broad intervals of near- and on-surface gold mineralization akin to the Airstrip Zone located just over 1 kilometer north of Powerline.Powerline Zone mineralization has been shown to be similar to the Airstrip Zone with broad sub-gram gold intervals; however, within these near-surface intervals, higher grade horizons are evident and provide compelling targets for exploration follow-up.Powerline Zone Phase II drillhole result highlights:97.9 metres of 0.49 g/t Au in AX-19-39Including 24.5 metres of 1.3478.5 metres of 0.35 g/t Au in AX-19-3645.5 metres of 0.47 g/t in AX-19-40Higher grade intervals of note include:13.4 metres of 0.78 g/t Au in AX 19-341.5 metres of 4.57 g/t Au in AX-19-354.3 metres of 2.05 g/t Au in AX-19-361.5 metres of 5.68 g/t Au in AX-19-39\"Gold mineralization at the newly discovered Powerline Zone is extensive, starting from surface and is open in all directions from the limited 250 meter by 250 metre area drill tested to date. The gold grade increasing to the north, in hole AX-19-39, is highly encouraging\", stated Tara Christie, President and CEO of Banyan. \"These latest results have greatly aided interpretation of lithology, structure and gold mineralization controls in this new zone. The goal of the 2019 program was to build potentially open-pit extractable gold ounces at both the Powerline and Airstrip Zones, located only one kilometre from each other; and that has been successfully achieved.\"Full results from 2019 Drilling at the Powerline Zone, are shown in Table 1 below. Phase 1 holes AX-19-30 through 34 have been included in this table and with re-interpreted mineralized intervals based on Phase 2 drilling results. The 2019 Phase 2 holes are AX 19-34 to AX 19-40 and cover a...