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Banyan Intersects 3.02 G/T Gold Over 21.2 Metres at Powerline Deposit, Aurmac Property, Yukon And Signs Ammendments To Mcquesten Option Agreement
VANCOUVER, BC / ACCESSWIURE / May 3, 2022 / - Banyan Gold Corp . (the " Company " or " Bany...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Intersects 3.02 G/T Gold Over 21.2 Metres at Powerline Deposit, Aurmac Property, Yukon And Signs Ammendments To Mcquesten Option AgreementVANCOUVER, BC / ACCESSWIURE / May 3, 2022 / - Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN) (OTCQB:BYAGF) is pleased to announce the last of the analytical results from the 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:15.5 metres (\"m\") of 1.31 g/t Au from 186.9 m in DDH AX-21-18134.5 m of 1.29 g/t Au from 133.1 m in DDH AX-21-18653.3 m of 0.76 g/t Au from 61.0 m in DDH AX-21-18836.5 m of 0.56 g/t Au from 169.2 m in DDH AX-21-18815.5 m of 2.18 g/t Au from 35.0 m in DDH AX-21-18938.2 m of 0.60 g/t Au from 76.1 m in DDH AX-21-19050.3 m of 0.46 g/t Au from 50.3 m in DDH AX-21-192100.8 m of 0.37 g/t Au from 47.0 m in DDH AX-21-19621.2 m of 3.02 g/t Au from surface (4.6m) in DDH AX-21-19848.9 m of 0.53 g/t Au from 62.4m in DDH AX-21-203\"The 2021 drill program has demonstrated the extensive nature of gold mineralization around the Powerline Deposit on the AurMac Property and importantly, defined zones of higher grade near surface gold mineralization.\" Tara Christie, President & CEO of Banyan stated. \"The 2021 results have guided the initial drill program in 2022 allowing us to take large step outs to showcase the regional potential of the mineralization on the AurMac Property. We are also pleased that the purchase of Alexco's underlying interest in the McQuesten option agreement by Victoria Gold, has allowed Banyan to secure amendments providing additional flexibility in timing for the Preliminary Economic Assessment (\"PEA\") and removes the hard deadline for the Pre-Feasibility Study. This provides us the optionality to design the optimal project plan for our economic studies as we continue to grow our resource base.\"Results from the final sixteen (16) 2021 drill holes are consistent with previous exploration drill results at the Powerline Deposit (see Tables 1 and 2 and Figure 1) and the areal extent of interpreted gold mineralization from near/on-surface continues to expand with each batch of assay results received (see Figure 1).Visible gold from these holes is shown in Image 1. A video to accompany this news release...