Friday, May 30, 2025

Latest

Banyan Gold Intersects 1.39 G/T Gold Over 41.7 Metres At AurMac

Banyan Gold Corp. (TSXV: BYN) announced today the diamond drill results from the 2020 exploration program on the AurMac Property in the Yukon, highlighting an intersection of 1.39 g/t gold over 41.7 metres. The program was designed by the company to expand the Powerline deposit zone.

Highlights of the drill results announced today include:

  • AX-20-59: 1.39 g/t gold over 41.7 metres from 6.8 metres
  • AX-20-63: 0.77 g/t gold over 122.0 metres from 12.0 metres
  • AX-20-64: 6.81 g/t gold over 7.0 metres from 139.4 metres

The company reports that these final 2020 step-out diamond drill holes have all intersected gold and demonstrated mineralization potential, painting an optimistic outlook for the expansion of the Powerline deposit. Drill holes 58 through 64 were located 125 metres east of any previous drilling conducted at the deposit.

The 2020 Initial Mineral Resource Estimate previously released for the AurMac Property contains an inferred 903,945 ‎ounces of gold, of which 129,019 ounces is located within the Powerline deposit. A total of 3,800 metres of drilling has been completed at the Powerline Zone in the current drill season, with 15,000 metres slated to be drilled across Powerline and the Aurex Hill zones as part of the 2021 Phase 1 program.

Full details of the drill results can be accessed here.

Banyan Gold Corp. last traded at $0.205 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Exploits Discovery Initiates Massive Soil Sampling Program At Dog Bay And True Grit Properties

Exploits Discovery Corp (CSE: NFLD) this morning announced that it has begun what it refers...

Thursday, November 12, 2020, 09:10:07 AM

Are There Any 50 Million Oz Gold Discoveries Left? – The Daily Dive feat Michael Dehn of Temas Resources

For our final episode of the Daily Dive during this short holiday week, host Cassandra...

Thursday, December 31, 2020, 01:30:00 PM

Newlox Gold Sees Mining Commence At Boston Mine

Newlox Gold Ventures (CSE: LUX) is evidently nearing the completion of its second processing facility,...

Tuesday, October 26, 2021, 09:17:04 AM

Pistol Bay Mining Commences Field Work At Icefield Gold Project

Pistol Bay Mining (TSXV: PST) this morning announced that it has mobilized a field crew...

Tuesday, September 15, 2020, 09:01:22 AM

Gold Rallies Amid Russian-Ukraine Tensions

Gold has been relishing a strong rally as of recent, as global markets continue to...

Thursday, February 17, 2022, 03:40:00 PM