Powerline gold deposit growth continues
Reports 72.4 meters of 1.73 g/t gold in latest batch of assays North of 60 Mining News – December 17, 2021
Last updated 12/30/2021 at 2:27pm
Banyan Gold Corp. Dec. 14 announced the latest round of assay results from eight diamond drill holes of the phase 2 exploration campaign at the company's rapidly developing Powerline deposit on its AurMac project in the Yukon.
"These latest assay results continue to expand the interpreted gold mineralization footprint at Powerline with 100-meter step out drill holes," said Banyan Gold President and CEO Tara Christie. "The continuity of mineralization across the two kilometers of strike drilled is impressive."
AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 ounces) gold in two deposits – Powerline and Airstrip.
Airstrip hosts 46 million metric tons of the inferred resource category averaging 0.52 g/t (774,926 oz) gold, while Powerline hosts 6.58 million metric tons of the same category averaging 0.61 g/t (129,019 oz) gold, according to the calculation completed July 2020.
This year's drilling, however, has substantially increased the footprint of gold mineralization at Powerline.
Highlights from this latest batch of assays received from the 2021 Powerline drilling campaign include:
• 72.4 meters of 1.73 grams per metric tons gold from 8.2 meters in hole DDH AX-21-139.
• 72.9 meters of 0.51 g/t gold from 29 meters in hole DDH AX-21-134.
• 57.9 meters of 0.61 g/t gold from 35.1 meters in hole DDH AX-21-135.
• 118.4 meters of 0.44 g/t gold from 21.3 meters in hole DDH AX-21-137.
• 58 meters of 0.47 g/t gold from 15.2 meters in hole DDH AX-21-141.
• 41.7 meters of 0.66 g/t gold from 9.1 meters in hole DDH AX-21-150.
Banyan says these results continue to demonstrate that the Powerline deposit has the potential to host near-surface gold mineralization over at least 1,200 meters along strike in the east-west direction; the continuity of this growing trend remains open in both directions.
The company says it has concluded its AurMac drill program for 2021, ultimately having expanded to four drills to finally complete 30,091 meters of drilling in 135 holes.
"Field crews are beginning to wrap up after a long season of having achieved our target 30,000 meters of diamond drilling," said Christie. "Banyan will be back at drilling AurMac early in the new year."