Banyan Gold (TSXV:BYN) has announced new analytical results from 37 diamond drill holes collared during the 2022 exploration program for the Aurex Hill and Powerline deposits at its AurMac Property in Yukon.

Figure 1: Aurex Hill Drill Hole Locations, showing historic and Banyan completed diamond drill holes. Source: Banyan Gold

The results are consistent with the previous drill results at both deposits and confirm and expand the areal extent of the interpreted gold mineralization. Power and Aurex hill are contained in a metasedimentary package that consists mainly of schists, quartzites, and limestones from the late Proterozoic to Cambrian Hylan Group. The company chiefly associates the gold mineralization with low-angle quartz-sulfosalt-arsenopyrite veins, which crosscut all lithologies. This has been interpreted to be associated with a large intrusion-related gold system that has been typical of the Selwyn Basin and Tombstone Gold Belt deposits. Banyan has also identified a strong bismuth-gold association at AurMac, which is being used to establish possible new exploration vectors.

Tara Christie, President & CEO of Banyan Gold, commented in a press release: “2022 drill results continue to expand the extent of near/on-surface gold mineralization at the Powerline and Aurex Hill Deposits. Both deposits remain open and these most recent results received have demonstrated two notable mineralized trends in Aurex Hill.”

Figure 2: West Powerline Drill Hole Locations, showing historic and Banyan completed diamond drill holes. Source: Banyan Gold

Highlights from the results are as follows:

  • 62.2 metres (“m”) of 0.59 g/t Au from 269.5 m in DDH AX-22-306
  • 32.5 m of 0.69 g/t Au from 52.4 m in DDH AX-22-312
  • 45.4 m of 0.57 g/t Au from 115.8 m in DDH AX-22-321
  • 47.7 m of 0.70 g/t Au from 47.7 m in DDH AX-22-323
  • 46.9 m of 0.65 g/t Au from 149.4 m in DDH AX-22-333
  • 66.5 m of 0.36 g/t Au from surface (4.6 m) in DDH AX-22-341
  • 34.8 m of 1.02 g/t Au from 153.9 m in DDH AX-22-346
  • 42.9 m of 0.80 g/t Au from 100.0 m in DDH AX-22-354
  • 63.8 m of 0.69 g/t Au from 160.2 m in DDH AX-22-357
  • 55.5 m of 0.45 g/t Au from 121.9 m in DDH AX-22-358
  • 144.8 m of 0.30 g/t Au from 12.2 m in DDH AX-22-360
  • 143.2 m of 0.31 g/t Au from 18.3 m in DDH AX-22-362

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*) Au (g/t)
AX-22-287 117.4 239.8 122.4 0.20
         
AX-22-297 60.8 68.6 7.8 0.36
and 120.4 124.9 4.5 0.41
and 154.8 191.8 37.0 0.33
         
AX-22-300 89.4 98.5 9.1 0.23
and 167.4 176.2 8.8 0.30
and 200.0 202.9 2.9 0.79
and 224.8 268.6 43.8 0.30
         
AX-22-306 174.9 202.0 27.1 0.40
and 269.5 331.7 62.2 0.59
         
AX-22-307 142.5 159.5 17.0 0.24
         
AX-22-309 91.4 96.0 4.6 0.23
and 106.7 154.8 48.1 0.23
and 192.3 230.1 37.8 0.24
         
AX-22-312 52.4 84.9 32.5 0.69
and 166.6 193.3 26.7 0.25
         
AX-22-318 166.1 191.3 25.2 0.50
         
AX-22-321 39.6 54.9 15.3 0.41
and 115.8 161.2 45.4 0.57
and 214.3 227.1 12.8 0.22
and 241.6 257.3 15.7 0.20
         
AX-22-323 46.2 53.3 7.1 0.22
and 83.8 131.5 47.7 0.70
and 260.3 263.7 3.4 0.58
         
AX-22-324 48.5 73.8 25.3 0.27
and 180.1 195.1 15.0 0.23
         
AX-22-325 8.5 29.4 20.9 0.27
and 43.3 52.1 8.8 0.56
         
AX-22-330 84.9 94.1 9.2 0.43
and 177.7 185.9 8.2 0.27
and 198.1 211.8 13.7 0.33
         
AX-22-332 40.0 49.0 9.0 0.45
and 142.5 150.8 8.3 0.64
and 202.6 220.4 17.8 0.32
and 263.7 332.2 68.5 0.24
         
AX-22-333 54.0 90.9 36.9 0.36
and 121.9 135.0 13.1 0.38
and 149.4 196.3 46.9 0.65
         
AX-22-334 20.7 24.6 3.9 0.57
and 146.3 152.4 6.1 0.26
and 167.9 172.9 5.0 0.39
         
AX-22-335 9.5 44.2 34.7 0.27
and 55.5 61.5 6.0 0.33
and 74.5 80.8 6.3 0.22
         
AX-22-340 39.6 54.9 15.3 0.37
and 67.1 95.3 28.2 0.31
and 102.8 137.2 34.4 0.33
and 149.4 180.7 31.3 0.27
         
AX-22-341 4.6 71.1 66.5 0.36
         
AX-22-342 96.0 122.5 26.5 0.44
and 240.8 254.4 13.6 0.77
         
AX-22-343 1.5 25.9 24.4 0.42
and 35.1 65.6 30.5 0.37
and 99.0 146.3 47.3 0.31
and 185.9 197.5 11.6 0.40
         
AX-22-344 9.1 36.6 27.5 0.23
         
AX-22-345 93.9 101.8 7.9 0.32
and 150.8 165.0 14.2 0.87
         
AX-22-346 4.3 18.9 14.6 0.38
and 41.1 55.7 14.6 0.79
and 153.9 188.7 34.8 1.02
         
AX-22-347 156.3 190.5 34.2 0.35
         
AX-22-348 18.1 49.0 30.9 0.58
and 71.7 80.4 8.7 0.88
and 172.2 185.9 13.7 0.43
         
AX-22-349 100.6 120.1 19.5 0.26
         
AX-22-351 175.7 200.4 24.7 0.22
         
AX-22-352 14.9 44.2 29.3 0.31
and 71.3 82.4 11.0 0.25
and 123.9 185.2 61.3 0.24
         
AX-22-353 187.4 220.8 33.4 0.20
and 245.4 297.2 51.8 0.20
         
AX-22-354 4.6 36.6 32.0 0.22
and 100.0 142.9 42.9 0.80
         
AX-22-355 12.1 59.4 47.3 0.27
and 152.5 158.5 6.0 0.39
and 185.5 217.9 32.4 0.23
         
AX-22-357 0.5 7.6 7.1 0.24
and 15.3 29.0 13.7 0.20
and 50.3 88.4 38.1 0.20
and 160.2 224.0 63.8 0.69
         
AX-22-358 4.6 48.0 43.4 0.26
and 121.9 177.4 55.5 0.45
and 192.0 208.2 16.2 0.42
         
AX-22-360 12.2 157.0 144.8 0.29
         
AX-22-362 18.3 161.5 143.2 0.31
         
AX-22-369 3.1 132.1 129.0 0.24

*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-22-287 466396 7083706 729 003 -60 271.3
AX-22-297 466099 7082802 734 001 -60 296.7
AX-22-300 466105 7082898 733 004 -62 307.9
AX-22-306 466005 7082807 730 360 -58 350.5
AX-22-307 465898 7082903 726 007 -56 256.0
AX-22-309 465898 7082798 725 008 -60 277.4
AX-22-312 465998 7083095 722 357 -62 283.5
AX-22-318 469662 7082500 995 355 -58 210.3
AX-22-321 465899 7083099 717 355 -53 299.2
AX-22-323 465797 7083105 708 008 -62 289.6
AX-22-324 469270 7082902 972 357 -64 205.7
AX-22-325 469328 7081900 972 358 -59 233.2
AX-22-330 469102 7082402 984 004 -62 236.5
AX-22-332 465800 7082897 723 001 -57 345.9
AX-22-333 469095 7082516 980 359 -63 200.6
AX-22-334 469096 7082899 956 358 -60 193.9
AX-22-335 469099 7082596 976 001 -61 209.1
AX-22-340 468997 7082503 972 004 -60 192.0
AX-22-341 469003 7082605 965 357 -59 222.5
AX-22-342 465699 7083099 702 353 -58 286.5
AX-22-343 469006 7082701 957 002 -60 207.3
AX-22-344 469005 7082802 953 356 -60 213.4
AX-22-345 465698 7083203 700 003 -59 248.4
AX-22-346 468899 7082603 954 347 -59 210.3
AX-22-347 465601 7083203 697 011 -58 309.4
AX-22-348 468901 7082691 947 006 -60 202.7
AX-22-349 468903 7082798 941 003 -61 202.7
AX-22-351 469000 7082904 946 044 -59 243.8
AX-22-352 468800 7082703 933 348 -61 201.2
AX-22-353 465597 7083001 703 359 -57 303.3
AX-22-354 468697 7082606 926 006 -60 201.2
AX-22-355 468598 7082303 929 359 -60 220.1
AX-22-357 468603 7082190 934 002 -61 227.1
AX-22-358 468606 7082105 941 003 -58 253.2
AX-22-360 468602 7082006 944 005 -60 222.5
AX-22-362 468702 7082002 955 358 -61 233.2
AX-22-369 468803 7082004 965 359 -62 235.3

Table 3: Pit-Constrained Inferred Mineral Resources – AurMac Property

 

Deposit

 

Gold Cut-Off

g/t

 

Tonnage

M Tonnes

Average Gold Grade

g/t

 

Gold Content

k oz

Airstrip 0.2 42.5 0.64 874
Powerline 0.2 152.0 0.59 2,898
Aurex Hill 0.3 12.5 0.53 215
Total Combined 0.2 – 0.3 207.0 0.60 3,990

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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