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2024 season drills are turning for Banyan

North of 60 Mining News - June 7, 2024

Drills are already cutting visible gold at Yukon project; company welcomes Henry Marsden as technical advisor.

Banyan Gold Corp. June 3 announced that drills are already turning as part of the company's planned 5,000-meter exploration program at its AurMac project in Yukon, Canada.

After establishing an impressive 7-million-ounce gold resource for AurMac in February, drilling this year aims to demonstrate high-grade mineralization and grade continuity in potential starter pits at the 6.2-million-oz Powerline deposit; test mineralized structures and lithological horizons that control the east-west grade-continuity with Powerline; target holes to demonstrate the scale of and continued expansion of mineral resources at both the Powerline and the Airstrip deposits; and test areas identified for potential infrastructure.

"Drilling underway is focused on demonstrating the economic potential of the project and, in part, the resource's potential to grow in grade and scale – with all deposits open," said Banyan Gold President and CEO Tara Christie. "Drilling is guided by our internal scoping work with mining development experts and updated geological and structural models."

Banyan also plans to conduct metallurgical work to continue to optimize the three conventional mining process flowsheets identified from a successful phase-one metallurgy program, including carbon-in-pulp, carbon-in-leach, flotation, and heap leaching.

Furthermore, the company intends to continue scoping-level engineering for AurMac to lay the groundwork for future economic studies, as well as additional environmental studies.

"AurMac is well positioned in this current gold price environment with a 7-million-ounce gold resource, with near surface mineralization and with existing road and hydro power infrastructure on the property," said Christie. "In 2024, Banyan will continue to add value through drilling, metallurgy, and engineering to prepare to demonstrate project economics and for the project to be advanced rapidly and efficiently"

In addition to the planned exploration activities, Banyan has also welcomed the expertise of Henry Marsden as a technical advisor.

With more than 40 years of experience, including executive exploration roles and mine advancement positions, Marsden is an exploration geologist whose work has taken him throughout most of the Americas and in the Far East.

Most recently, Marsden was senior vice president of exploration for Yamana Gold, until the company was acquired by Pan American Silver and Agnico Eagle in March 2023.

"The strategic advice we have received from the expertise of our mining development shareholders and advisors such as Henry Marsden, has positioned us for our most focused drill program to date," said Christie. "We are excited for how transformational this year will be for Banyan."

With drilling already underway, with the first of the season returning visible gold to boot, Banyan is ready to continue growing confidence in its multi-million-oz project until the day first gold is poured.


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