VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / Banyan Gold Corp . (the " Company " or " Banyan ") ( TSXV:BYN )( OTCQB:BYAGF ) is pleased to announce the analytical results from thirteen (13) diamond drill holes from the Powerline deposit located on the Company's AurMac Project , Yukon Territory. These holes were drilled in an area of the southern portion of the Powerline Deposit which had only been tested to approximately 100 metres (" m ") depth during previous exploration efforts. The 2023 drill holes averaged 235 m and were able to demonstrate additive gold mineralization within these previously untested areas.
Assay highlights include:
- AX-23-455: 39.9 m of 0.60 g/t gold from 61.6 m
- AX-23-458: 34.2 m of 0.95 g/t gold from 33.5 m
- AX-23-458: 16.1 m of 1.66 g/t gold from 85.8 m
- AX-23-460: 70.0 m of 0.31 g/t gold from 10.0 m
- AX-23-460: 37.4 m of 0.65 g/t gold from 165.7 m
- AX-23-461: 90.3 m of 0.52 g/t gold from 10.0 m
- AX-23-462: 61.5 m of 0.39 g/t gold from 72.1 m
- AX-23-463: 144.5 m of 0.38 g/t gold from 8.5 m
- AX-23-464: 115.0 m of 0.31 g/t gold from 27.0 m
- AX-23-466: 59.4 m of 0.53 g/t gold from 72.1 m
- AX-23-467: 73.7 m of 0.48 g/t gold from 90.1 m
- AX-23-469: 65.1 m of 0.50 g/t gold from 27.2 m
"These results confirm the consistency and tenor of the widespread on and near-surface gold mineralization of the Powerline Deposit, and importantly, have extended the zone of mineralization to depth," stated Tara Christie, President and CEO. "Not only will these assays serve to add gold ounces to the growing AurMac Project, but also successfully demonstrate the ease with which the confidence of AurMac ounces can be increased."
Highlighted results from these holes are shown in Table 1, collar locations in Table 2 and Figures 1 and 2 show the drill hole locations.
The Powerline gold deposit is contained within a metasedimentary package consisting of predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.
Highlighted instances of visible gold identified from these holes is shown in Image 1.
Image 1: Photographs of visible gold from:
Figure 1: AurMac Drill Hole Locations, showing the location of historic and Banyan completed diamond drill holes used in MRE (grey, black and blue dots) and collar locations of 2023 drilling (red and yellow dots).
Figure 2: AurMac Drill Hole Locations, showing the location of historic and Banyan completed diamond drill holes used in MRE (grey, black and blue dots) and collar locations of 2023 drilling (red and yellow dots).
Table 1: Highlighted Powerline and Aurex Hill Diamond Drill Analytical Results
. (Maps, sections and full assay results will be made available on Banyan's website ).Hole ID | From (m) | To (m) | Interval (m*) | Gold (g/t) |
|---|---|---|---|---|
| AX-23-453 | 19.1 | 24.8 | 5.7 | 0.59 |
| And | 46.0 | 49.8 | 3.8 | 1.41 |
| And | 57.9 | 59.4 | 1.5 | 0.73 |
| And | 71.4 | 95.4 | 24.0 | 0.67 |
| And | 114.5 | 116.1 | 1.6 | 0.39 |
| And | 125.9 | 127.2 | 1.3 | 0.41 |
| And | 135.6 | 137.1 | 1.5 | 2.15 |
| And | 160.0 | 173.2 | 13.2 | 0.30 |
| And | 227.7 | 229.4 | 1.7 | 0.35 |
| AX-23-455 | 27.3 | 27.7 | 0.4 | 0.40 |
| And | 35.0 | 36.6 | 1.6 | 0.37 |
| And | 61.6 | 101.5 | 39.9 | 0.60 |
| And | 124.9 | 126.5 | 1.6 | 0.51 |
| And | 148.4 | 156.5 | 8.1 | 0.71 |
| And | 216.4 | 219.4 | 3.0 | 0.74 |
| AX-23-457 | 10.7 | 24.5 | 13.8 | 0.49 |
| And | 41.8 | 77.7 | 35.9 | 0.55 |
| And | 99.8 | 112.5 | 12.7 | 0.35 |
| And | 131.4 | 144.1 | 12.7 | 0.56 |
| And | 152.5 | 162.4 | 9.9 | 0.38 |
| And | 192.9 | 208.9 | 16.0 | 0.27 |
| AX-23-458 | 7.6 | 20.0 | 12.4 | 0.28 |
| And | 33.5 | 67.7 | 34.2 | 0.95 |
| And | 85.8 | 101.9 | 16.1 | 1.66 |
| And | 211.9 | 218.2 | 6.3 | 0.21 |
| AX-23-459 | 16.8 | 123.1 | 106.3 | 0.48 |
| And | 183.1 | 197.0 | 13.9 | 0.24 |
| AX-23-460 | 10.0 | 80.0 | 70.0 | 0.31 |
| And | 95.6 | 124.4 | 28.8 | 0.52 |
| And | 165.7 | 203.1 | 37.4 | 0.65 |
| AX-23-461 | 10.0 | 100.3 | 90.3 | 0.52 |
| And | 152.5 | 175.5 | 23.0 | 0.21 |
| AX-23-462 | 7.0 | 30.4 | 23.4 | 0.59 |
| And | 47.5 | 53.6 | 6.1 | 0.70 |
| And | 72.1 | 133.6 | 61.5 | 0.39 |
| AX-23-463 | 8.5 | 153.0 | 144.5 | 0.38 |
| AX-23-464 | 27.0 | 142.0 | 115.0 | 0.31 |
| And | 223.0 | 243.0 | 20.0 | 0.52 |
| AX-23-466 | 8.9 | 13.5 | 4.6 | 0.40 |
| And | 29.9 | 49.9 | 20.0 | 0.41 |
| And | 72.1 | 131.5 | 59.4 | 0.53 |
| And | 244.5 | 252.2 | 7.7 | 0.27 |
| AX-23-467 | 90.1 | 163.8 | 73.7 | 0.48 |
| AX-23-469 | 27.2 | 92.3 | 65.1 | 0.50 |
| And | 98.5 | 100.0 | 1.5 | 0.32 |
| And | 105.9 | 107.3 | 1.4 | 0.64 |
| And | 123.5 | 125.0 | 1.5 | 3.21 |
| And | 154.3 | 157.4 | 3.1 | 1.19 |
| And | 166.5 | 168.0 | 1.5 | 0.39 |
| And | 190.4 | 191.1 | 0.7 | 0.53 |
*True widths are estimated to be approximately 90% of drilled intervals.
Table 2: Drill Collar Location for Released Results
Collar ID | East NAD83_Z8 | North NAD83_Z8 | Elev. (m) | Azimuth | Dip (°) | Depth (m) |
AX-23-453 | 467255 | 7082756 | 793 | 002 | -61 | 296.6 |
AX-23-455 | 467354 | 7082753 | 797 | 011 | -59 | 228.3 |
AX-23-457 | 467453 | 7082754 | 802 | 008 | -60 | 234.1 |
AX-23-458 | 467545 | 7082747 | 807 | 008 | -56 | 268.2 |
AX-23-459 | 467550 | 7082652 | 811 | 002 | -55 | 247.8 |
AX-23-460 | 467451 | 7082657 | 806 | 002 | -58 | 214.9 |
AX-23-461 | 467645 | 7082651 |
