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.