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Banyan Intersects 1.16 g/t gold over 68.9 metres at Powerline Deposit, Aurmac Property, Yukon
VANCOUVER, BC / ACCESSWIRE / March 30, 2022 / Banyan Gold Corp . (the " Company " or " Bany...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Intersects 1.16 g/t gold over 68.9 metres at Powerline Deposit, Aurmac Property, YukonVANCOUVER, BC / ACCESSWIRE / March 30, 2022 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from twenty-one (21) diamond drill holes completed during the Company's 2021 exploration program at the Powerline deposit (the \"Powerline Deposit\") located on the Company's AurMac Property.Assay highlights include:48.6 metres (\"m\") of 0.51 g/t Au from 36.7 m in DDH AX-21-16669.4 m of 0.63 g/t Au from 125.9 m in DDH AX-21-17047.2 m of 0.50 g/t Au from surface (10.7 m) in AX-21-19170.0 m of 0.65 g/t Au from surface (10.7 m) in AX-21-19496.7 m of 0.86 g/t Au from 73.4 m in AX-21-19781.9 m of 0.79 g/t Au from 32.5 m in AX-21-19968.9 m of 1.16 g/t Au from surface (10.7 m) in AX-21-202\"These latest assay results from our 2021 drill program continues to show the extensive nature of gold mineralization around the Powerline Deposit on the AurMac Property and importantly, continues to add to the interpreted geologic controls that will be used to update the AurMac Gold Resource estimations during the second quarter.\" Tara Christie, President & CEO of Banyan stated. \"We are looking forward to the remaining sixteen (16) holes from the 2021 program.\"Results from these twenty-one (21) drill holes are consistent with previous exploration drill results at the Powerline Deposit (see Tables 1 to 3 and Figures 1 and 2). The areal extent of interpreted gold mineralization from near/on-surface continues to expand with each batch of assay results received (see Figure 1).In 2021, step-out drilling to the east and west of the Powerline Deposit identified a near/on-surface gold trend that is interpreted to have grade continuity over 1.2 kilometres of strike length (see Banyan's news release dated January 10, 2022). A section of this zone has been drilled at 25 m centres, along cardinal and intercardinal directions, over a 200 m x 200 m area to test the continuity of mineralization along strike and down dip, which will be used to refine the geological/mineralization model of the Powerline Deposit in advance of an updated mineral resource estimate the Company is planning to complete in Q2- 2022. Results from the Powerline Deposit received to date are summarized separately in Table 2 and their l...