- Banyan Gold (OTCQB:BYAGF) announces its first Indicated Mineral Resources at the AurMac Project, Yukon, Canada.
- The updated Mineral Resource Estimate includes 2.274 million ounces of gold in Indicated Resources and 5.453 million ounces in Inferred Resources.
- High-grade zones were identified, with 1.42 million ounces of Indicated Resources at 0.95 g/t and 3.13 million ounces of Inferred Resources at 0.98 g/t gold.
Banyan Gold Corp. (OTCQB:BYAGF) has revealed its first Indicated Mineral Resources following the updated Mineral Resource Estimate at the AurMac Project in Yukon Territory. The report, meeting National Instrument 43-101 standards, indicates 2.274 million ounces of gold in Indicated Resources and 5.453 million ounces in Inferred Resources.
The two deposits, Airstrip and Powerline, host the resources near the surface. Notable high-grade zones include 1.42 million ounces of Indicated Resources at 0.95 g/t and 3.13 million ounces of Inferred Resources at 0.98 g/t gold, established at a 0.55 g/t cut-off.
This milestone update, achieved through additional drilling including 21,000 meters from 118 diamond drill holes in 2024, is expected to significantly bolster the project's potential by refining the geological model and identifying high-grade, near-surface areas.
Benefitting from existing infrastructure, the AurMac Project features road access and connection to Yukon's power grid. This advancement marks a critical step towards enhancing the project's economic viability, utilizing an estimated gold price of US$2,050/oz.
However, with the majority of resources still in the Inferred category, further drilling is anticipated to upgrade these resources confidently. As Banyan Gold continues to develop the AurMac Project, these findings support its strategic objectives, signaling promising growth potential.
