Banyan Gold Begins 30,000 Metre Drill Program At AurMac
Banyan Gold (TSXV: BYN) has begun its drill program for the 2022 season. Drilling is to commence at its flagship AurMac property, located in Yukon, Canada.
The planned drill program is to consist of 30,000 metres in aggregate that will look to expand the current Powerline Deposit, before the program shifts to the Aurex Hill target in the late summer.
Drilling at Powerline will focus on extending mineralization discovered last year beyond the current resource at the deposit. A gold trend extending 1.2 kilometres was found last year, with this year’s program to focus on the continued drilling of this zone to the east and west of the current deposit.
Three diamond drills are currently contracted to carry out the program at the property, while the company has indicated it is also still awaiting results from the prior program that finished in late December.
Banyan Gold last traded at $0.34 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
