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Banyan Intercepts Extensive Mineralized Zone at Aurex-Mcquesten Gold Project, Yukon
CALGARY, AB / ACCESSWIRE / November 19, 2018 / BANYAN GOLD CORP. ("Banyan" or the "Company"),...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Intercepts Extensive Mineralized Zone at Aurex-Mcquesten Gold Project, YukonCALGARY, AB / ACCESSWIRE / November 19, 2018 / BANYAN GOLD CORP. (\"Banyan\" or the \"Company\"), is pleased to announce analytical results from three additional diamond drill holes from the recently completed twelve-hole, 2018 exploration campaign on the Aurex-McQuesten Property, Central Yukon, which is located where two highly mineralized belts conjoin: Alexco Resource Corp's High grade silver deposits and Victoria Gold Eagle project, which is currently being constructed and scheduled to produce over 200,000 ounces of gold starting in second quarter 2019.\"The results from these three additional infill drill holes from the McQuesten Zone of the Aurex-McQuesten Gold Project continue to demonstrate the potential for a recently recognized near-surface gold mineralized target with economic potential\" stated Tara Christie, President and CEO. \"It was postulated, before this season's drill program began, that the target area contained near surface gold mineralization. Thus far, the broad zones of mineralization intersected with Banyan's drilling have averaged 0.57 g/t Au; validating the newly developed geologic model. The McQuesten Zone has existing infrastructure located just 100 m West of the main Yukon Government highway between Mayo and Keno and just 50m north of the all season road to Victoria Gold. This access combined with adjacent existing power lines, and the Victoria Gold heap leach mine being constructed less than 40 km away, gives this property significant advantages in economics. The average grade of the mineral reserve at Victoria Gold's eagle project is 0.67 g/t, full information on the Victoria gold reserve can be found in this release\"(1)Assays from the three additional holes received are presented in the summary table below, with highlights including: 113.0 metres of 0.74 g/t Au from 63.5 metres in DDH MQ-18-34 Including 7.1 metres of 1.28 g/t Au from 75.5 metres 94.9 metres of 0.64 g/t Au from 8.9 metres in DDH MQ-18-37 Including 10.5 metres of 1.09 g/t Au from 23.0 metres And including 3.6 metres of 5.40 g/ Au from 100.2 metres These three holes along with the four holes released (see News Release dated October 24th 2018) and hole MQ-18-36 (assays for which remain pending), were designed to test and infill a 500 metre wide zone o...