By A.J. Roan
Mining News
21 assay results returned for Banyan Gold
Company intersects 1.02 g/t gold over 55.1m at Powerline North of 60 Mining News – February 25, 2022
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Last updated 2/24/2022 at 2:20pm
Banyan Gold Corp.
Powerline drill hole locations and drill plan map showing historic, completed, and proposed diamond drill holes.
Banyan Gold Corp. Feb. 21 announced the results from 21 diamond holes drilled during the company's 2021 exploration program at the Powerline deposit located on its AurMac gold property in the Yukon.
"This latest batch of assay results from our 2021 drill program continues to showcase the extensive nature of gold mineralization around the Powerline deposit on the AurMac property," said Banyan Gold President and CEO Tara Christie.
Highlights from the latest batch include:
• 59.5 meters of 0.71 grams per metric ton gold from surface in hole DDH AX-21-140.
• 55.2 meters of 1.02 g/t gold from 88.1 meters in hole AX-21-142.
• 38.9 meters of 0.51 g/t gold from 41.8 meters in hole AX-21-148.
• 25.3 meters of 1.4 g/t gold from 94.9 meters in hole AX-21-152.
• 45.7 meters of 0.47 g/t gold from surface in hole AX-21-153.
• 70.4 meters of 0.69 g/t gold from 28.9 meters in hole AX-21-154.
• 45.2 meters of 0.62 g/t gold from surface in hole AX-21-156.
• 42.7 meters of 0.81 g/t gold from surface in hole AX-21-160.
• 39.1 meters of 0.54 g/t gold from surface in hole AX-21-162.
• 31.6 meters of 0.68 g/t gold from surface in hole AX-21-164.
• 105.4 meters of 0.47 g/t gold from surface in hole AX-21-175.
Last year, step-out drilling to the east and west of the Powerline deposit identified near and on-surface gold trends that are interpreted to have grade continuity over 1,200 meters of strike length.
A section of this zone has been drilled at 25-meter centers, along cardinal and intercardinal directions, over a 200- by 200-meter area to test the continuity of mineralization along strike and down dip, which will be used to refine the geological and mineralization model of the deposit in advance of an updated mineral resource planned for completion this year.
"The next phase of exploration at the AurMac property is well underway, with three diamond drills now turning," said Christie. "With the denser drill spacing to refine mineralization continuity in the northeast of the Powerline deposit wrapping up, we are excited to get back to 100-meter step-out drilling designed to demonstrate the size potential of the near/on-surface Powerline deposit mineralization to the east and west."
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