Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold, Airstrip Deposit, AurMac Project, Yukon, Canada
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced results from sixteen diamond drillholes at its AurMac Project's Airstrip Deposit in Yukon Territory. Notable intersections include 15.9 metres of 9.32 g/t gold, including 3.7 metres of 33.43 g/t gold from hole AX-24-590.
The drilling program revealed several significant gold intersections, including 105.8 metres of 0.60 g/t Au, 43.1 metres of 0.71 g/t Au, and 90.0 metres of 0.44 g/t Au. The Airstrip Deposit is part of the larger AurMac Project, which has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold (effective February 6, 2024).
The company plans to complete a Preliminary Economic Assessment in 2025. The 173 square kilometer AurMac Project is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power supply.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) ha annunciato i risultati di sedici perforazioni diamantate presso il Deposito Airstrip del progetto AurMac nel Territorio dello Yukon. Tra le intersezioni degne di nota ci sono 15,9 metri di 9,32 g/t di oro, inclusi 3,7 metri di 33,43 g/t di oro dal foro AX-24-590.
Il programma di perforazione ha rivelato diverse intersezioni significative di oro, tra cui 105,8 metri di 0,60 g/t Au, 43,1 metri di 0,71 g/t Au e 90,0 metri di 0,44 g/t Au. Il Deposito Airstrip fa parte del più ampio progetto AurMac, che ha una stima attuale delle risorse minerali inferite di 7,0 milioni di once d'oro (efficace dal 6 febbraio 2024).
L'azienda prevede di completare una Valutazione Economica Preliminare nel 2025. Il progetto AurMac, che si estende per 173 chilometri quadrati, si trova a 40 km da Mayo, Yukon, con infrastrutture esistenti che includono accesso stradale e fornitura di energia.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) ha anunciado resultados de dieciséis perforaciones diamantadas en el Depósito Airstrip del Proyecto AurMac en el Territorio de Yukon. Entre las intersecciones notables se encuentran 15,9 metros de 9,32 g/t de oro, incluyendo 3,7 metros de 33,43 g/t de oro del agujero AX-24-590.
El programa de perforación reveló varias intersecciones significativas de oro, incluyendo 105,8 metros de 0,60 g/t Au, 43,1 metros de 0,71 g/t Au y 90,0 metros de 0,44 g/t Au. El Depósito Airstrip es parte del proyecto más grande AurMac, que tiene una estimación actual de recursos minerales inferidos de 7,0 millones de onzas de oro (efectiva a partir del 6 de febrero de 2024).
La empresa planea completar una Evaluación Económica Preliminar en 2025. El Proyecto AurMac abarca 173 kilómetros cuadrados y se encuentra a 40 km de Mayo, Yukon, con infraestructura existente que incluye acceso a carretera y suministro de energía.
바니안 골드 코프 (TSXV:BYN)(OTCQB:BYAGF)는 유콘 준주에 있는 오르맥 프로젝트의 에어스트립 매장지에서 16개의 다이아몬드 시추공 결과를 발표했습니다. 주목할 만한 교차점으로는 15.9미터에서 9.32 g/t의 금이 포함되어 있으며, AX-24-590 시추공에서 3.7미터의 33.43 g/t 금이 포함되어 있습니다.
시추 프로그램은 105.8미터에서 0.60 g/t Au, 43.1미터에서 0.71 g/t Au, 90.0미터에서 0.44 g/t Au와 같은 여러 중요한 금 교차점을 밝혀냈습니다. 에어스트립 매장지는 더 큰 오르맥 프로젝트의 일부로, 현재 7.0백만 온스의 추정 광물 자원이 있습니다 (2024년 2월 6일 기준).
회사는 2025년에 초기 경제 평가를 완료할 계획입니다. 173 평방킬로미터 규모의 오르맥 프로젝트는 유콘의 마요에서 40km 떨어진 곳에 위치하고 있으며, 도로 접근과 전력 공급 등 기존 인프라가 갖추어져 있습니다.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) a annoncé les résultats de seize forages diamantés sur le dépôt Airstrip de son projet AurMac dans le territoire du Yukon. Parmi les intersections notables, on trouve 15,9 mètres à 9,32 g/t d'or, y compris 3,7 mètres à 33,43 g/t d'or provenant du forage AX-24-590.
Le programme de forage a révélé plusieurs intersections significatives d'or, y compris 105,8 mètres à 0,60 g/t Au, 43,1 mètres à 0,71 g/t Au et 90,0 mètres à 0,44 g/t Au. Le dépôt Airstrip fait partie du plus grand projet AurMac, qui a une estimation actuelle des ressources minérales inférées de 7,0 millions d'onces d'or (effective au 6 février 2024).
L'entreprise prévoit de réaliser une évaluation économique préliminaire en 2025. Le projet AurMac s'étend sur 173 kilomètres carrés et est situé à 40 km de Mayo, Yukon, avec des infrastructures existantes comprenant un accès routier et une alimentation électrique.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) hat die Ergebnisse von sechzehn Diamantbohrungen im Airstrip-Vorkommen des AurMac-Projekts im Yukon-Territorium bekannt gegeben. Bemerkenswerte Schnittstellen sind 15,9 Meter mit 9,32 g/t Gold, einschließlich 3,7 Meter mit 33,43 g/t Gold aus Bohrloch AX-24-590.
Das Bohrprogramm offenbarte mehrere signifikante Goldschnittstellen, darunter 105,8 Meter mit 0,60 g/t Au, 43,1 Meter mit 0,71 g/t Au und 90,0 Meter mit 0,44 g/t Au. Das Airstrip-Vorkommen ist Teil des größeren AurMac-Projekts, das derzeit eine geschätzte Mineralressource von 7,0 Millionen Unzen Gold hat (gültig ab dem 6. Februar 2024).
Das Unternehmen plant, 2025 eine vorläufige Wirtschaftlichkeitsbewertung abzuschließen. Das 173 Quadratkilometer große AurMac-Projekt befindet sich 40 km von Mayo, Yukon, entfernt und verfügt über bestehende Infrastrukturen, darunter Straßenanbindung und Energieversorgung.
- High-grade gold intersections with 15.9m of 9.32 g/t Au, including 3.7m of 33.43 g/t Au
- Large inferred resource of 7.0 million ounces of gold
- Project benefits from existing infrastructure (highway, power station, cell coverage)
- Multiple significant gold intersections across drilling program
- Resource remains in inferred category, requiring additional work to upgrade
- Economic assessment still pending, with PEA planned for 2025
VANCOUVER, BC / ACCESS Newswire / February 19, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from sixteen (16) diamond drillholes collared within the Airstrip Deposit located on the Company's AurMac Project, Yukon Territory. This set of holes targeted the eastern portion of the Airstrip Deposit (Figure 2) as part of the 2024 AurMac definition drilling program.
Highlights from these most recent analytical results include:
AX-24-558: 7.2 metres ("m") of 2.93 g/t Au from 205.7 m
AX-24-569: 4.5 m of 4.49 g/t Au from 240.5 m
AX-24-573: 34.1 m of 0.66 g/t Au from 55.7 m
AX-24-577: 105.8 m of 0.60 g/t Au from 39.5 m
AX-24-581: 43.1 m of 0.71 g/t Au from 62.4 m
AX-24-586: 34.9 m of 0.70 g/t Au from 6.1 m
AX-24-586: 29.9 m of 0.78 g/t Au from 66.1 m
AX-24-588 17.1 m of 1.29 g/t Au from 65.9 m
AX-24-590: 15.9 m of 9.32 g/t Au from 65.7 m
Including AX-24-590: 3.7 m of 33.43 g/t Au from 77.9 m
AX-24-593: 13.8 m of 3.81 g/t Au from 67.6 m
AX-24-636: 90.0 m of 0.44 g/t Au from 68.5 m
"With intercepts such as 15.9 m of 9.32 g/t, including 3.7 m of 33.43 g/t,we continue to delineate notable high-grade zones within the AurMac gold deposits," stated Tara Christie, President and CEO. "These new results, combined with previous high grades and tenor from our 2024 drill program, have significantly enhanced the profile of the AurMac deposits. Not only do these results reaffirm the potential of the AurMac Project, but also highlight the strategic value of our 2024 drilling campaign to the understanding of the deposits. Banyan is well positioned for continued exploration and poised to take the next major step with our Preliminary Economic Assessment in 2025.
Summarized analytical results of these drillhole assays are presented in Table 1, collar locations in Table 2 and Figure 2 identifies drill collar locations, respectively.
Figure 1: AurMac Diamond Drill Grade Thickness Interval Map. The calculation utilized for the presentation is Au Grade (g/t) x Interval (m). The grade thickness map was calculated using ESRI kernel density method. Where a drillhole has multiple intervals, the highest interval is used in the calculation. Map A: presents all analytical results to January 2024. Map B: presents an update of all analytical results through this February 19, 2025 News Release.
The Airstrip Deposit is contained within a metasedimentary package which consists of predominately schists, quartzites and limestones of the Mississippian age Sourdough Hill Member of the Keno Hill Formation. Gold mineralization here is chiefly associated with pyrrhotite-bearing skarn altered calcareous schists and with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies. Gold mineralization is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.
Figure 2: AurMac Drillhole Locations. Location of historic and Banyan completed diamond drillholes used in the Mineral Resource Estimate ("MRE")* (black and blue dots) and collar locations of 2024 drilling (yellow, red and green dots).
*MRE effective date of February 6, 2024, details in Table 3.
Table 1: Highlighted Airstrip Diamond Drill Analytical Results.
Hole ID | From (m) | To (m) | Interval (m*) | Au (g/t) |
|---|---|---|---|---|
AX-24-558 | 2.8 | 8.6 | 5.8 | 0.47 |
and | 66.6 | 86.9 | 20.3 | 0.61 |
and | 110.5 | 124.0 | 13.5 | 0.50 |
and | 152.2 | 159.5 | 7.3 | 0.59 |
and | 205.7 | 212.9 | 7.2 | 2.93 |
|
|
|
|
|
AX-24-563 | 33.2 | 52.2 | 19.0 | 0.33 |
and | 70.2 | 127.6 | 57.4 | 0.31 |
and | 135.6 | 147.3 | 11.7 | 0.48 |
and | 158.5 | 168.7 | 10.2 | 0.81 |
and | 201.0 | 203.8 | 2.8 | 0.28 |
|
|
|
|
|
AX-24-566 | 13.7 | 19.8 | 6.1 | 0.74 |
and | 49.9 | 56.4 | 6.5 | 0.36 |
and | 69.5 | 76.8 | 7.3 | 0.54 |
and | 108.0 | 120.4 | 12.4 | 0.41 |
and | 130.0 | 140.9 | 10.9 | 0.63 |
and | 148.9 | 165.4 | 16.5 | 0.40 |
and | 179.7 | 187.0 | 7.3 | 0.32 |
and | 212.7 | 220.1 | 7.4 | 0.63 |
and | 242.6 | 246.5 | 3.9 | 2.26 |
|
|
|
|
|
AX-24-569 | 7.6 | 27.2 | 19.6 | 0.71 |
and | 49.0 | 51.5 | 2.5 | 4.52 |
and | 98.5 | 113.4 | 14.9 | 0.35 |
and | 106.2 | 113.4 | 7.2 | 0.54 |
and | 176.5 | 216.1 | 39.6 | 0.34 |
and | 240.5 | 245.0 | 4.5 | 4.49 |
|
|
|
|
|
AX-24-573 | 55.7 | 89.8 | 34.1 | 0.66 |
and | 114.3 | 145.8 | 31.5 | 0.66 |
and | 175.3 | 186.0 | 10.7 | 0.37 |
and | 201.1 | 215.8 | 14.7 | 0.81 |
|
|
|
|
|
AX-24-577 | 39.5 | 145.3 | 105.8 | 0.60 |
and | 164.2 | 169.8 | 5.6 | 2.87 |
and | 201.3 | 206.4 | 5.1 | 0.39 |
|
|
|
|
|
AX-24-581 | 16.1 | 19.0 | 2.9 | 1.32 |
and | 40.5 | 49.3 | 8.8 | 0.29 |
and | 62.4 | 105.5 | 43.1 | 0.71 |
and | 136.2 | 140.7 | 4.5 | 0.35 |
|
|
|
|
|
AX-24-583 | 9.0 | 22.9 | 13.9 | 0.29 |
and | 45.1 | 55.9 | 10.8 | 0.22 |
|
|
|
|
|
AX-24-584 | 12.1 | 31.6 | 19.5 | 0.58 |
|
|
|
|
|
AX-24-586 | 6.1 | 41.0 | 34.9 | 0.70 |
and | 66.1 | 96.0 | 29.9 | 0.78 |
|
|
|
|
|
AX-24-588 | 14.2 | 49.8 | 35.6 | 0.40 |
and | 65.9 | 83.0 | 17.1 | 1.29 |
|
|
|
|
|
AX-24-590 | 12.9 | 46.1 | 33.2 | 0.44 |
and | 65.7 | 81.6 | 15.9 | 9.32 |
including | 77.9 | 81.6 | 3.7 | 33.43 |
and | 102.6 | 107.0 | 4.4 | 6.97 |
|
|
|
|
|
AX-24-593 | 9.1 | 43.5 | 34.4 | 0.53 |
and | 67.6 | 81.4 | 13.8 | 3.81 |
|
|
|
|
|
AX-24-594 | 8.1 | 36.5 | 28.4 | 0.46 |
and | 71.0 | 83.0 | 12.0 | 1.22 |
|
|
|
|
|
AX-24-619 | 83.2 | 99.5 | 16.3 | 0.33 |
and | 165.0 | 260.5 | 95.5 | 0.32 |
|
|
|
|
|
AX-24-636 | 45.7 | 50.5 | 4.8 | 1.66 |
and | 68.5 | 158.5 | 90.0 | 0.44 |
*True widths are estimated to be approximately
Table 2: Drill Collar Location for Released Results
Collar ID | East NAD83_Z8 | North NAD83_Z8 | Elev. (m) | Azimuth | Dip (°) | Depth (m) |
|---|---|---|---|---|---|---|
AX-24-558 | 467187 | 7083816 | 781.6 | 354 | -61 | 227.0 |
AX-24-563 | 467223 | 7083823 | 782.8 | 349 | -58 | 224.0 |
AX-24-566 | 467152 | 7083759 | 784.3 | 350 | -60 | 263.6 |
AX-24-569 | 467116 | 7083757 | 782.5 | 357 | -55 | 266.7 |
AX-24-573 | 467116 | 7083813 | 778.8 | 351 | -61 | 225.5 |
AX-24-577 | 467127 | 7083866 | 780.1 | 352 | -59 | 212.7 |
AX-24-581 | 467082 | 7083908 | 781.5 | 358 | -58 | 172.2 |
AX-24-583 | 467079 | 7083964 | 782.7 | 007 | -60 | 128.6 |
AX-24-584 | 467082 | 7084012 | 783.8 | 359 | -61 | 111.2 |
AX-24-586 | 467048 | 7084015 | 781.5 | 359 | -59 | 111.2 |
AX-24-588 | 467013 | 7084006 | 780.1 | 357 | -58 | 121.9 |
AX-24-590 | 466979 | 7084009 | 778.6 | 002 | -60 | 122.8 |
AX-24-593 | 466954 | 7084011 | 778.1 | 005 | -61 | 124.9 |
AX-24-594 | 466926 | 7084008 | 776.8 | 356 | -60 | 132.5 |
AX-24-619 | 467111 | 7083688 | 786.1 | 358 | -63 | 316.9 |
AX-24-636 | 467046 | 7083911 | 779.5 | 243 | -87 | 198.4 |
Upcoming Events
Invest Yukon Investor Day, Vancouver, February 19, 2025
BMO 33rd Global Metals, Mining & Critical Minerals Conference, February 23 - 26, 2025
Tombstone Gold Rush Breakfast - Fireside Chat - Toronto, March 3, 2025
7AM to 9 AM EST
PDAC, Toronto, March 2 - 5, 2025
Exhibitor Booth No. 2213, March 2 - 3
SMI Conference, Zurich, March 18 - 19, 2025
Analytical Method and Quality Assurance/Quality Control Measures
All drill core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the aqua regia digestion ICP-MS 36-element AQ-200 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. All core samples were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C., for pulverization and final chemical analysis. A robust system of standards, ½ core duplicates and blanks was implemented in the 2024 exploration drilling program and was monitored as chemical assay data became available.
Qualified Persons
Paul D. Gray, P.Geo., is a "qualified person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"), and has reviewed and approved the content of this news release. Mr. Gray is a consultant to Banyan and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information.
About Banyan
Banyan's primary asset, the AurMac Project is located in Canada's Yukon Territory. The current inferred Mineral Resource Estimate ("MRE") for the AurMac Project of 7.0 million ounces has an effective date of February 6, 2024.
The 173 square kilometres ("sq km") AurMac Project lies 40 km from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has the right to earn up to a
The inferred MRE for the AurMac Project was prepared on February 6, 2024, and consisted of 7,003,000 ounces of gold (see Table 3) hosted within near surface, road accessible pit constrained Mineral Resources contained in two near/on-surface deposits: the Airstrip and Powerline Deposits.
Table 3: Pit-Constrained Inferred Mineral Resources - AurMac Project
Deposit | Gold Cut-Off (g/t) | Tonnage | Average Gold Grade (g/t) | Contained Gold (oz.) |
Inferred | ||||
Airstrip | 0.30 | 35,243,000 | 0.75 | 845,000 |
Powerline | 0.30 | 312,243,000 | 0.61 | 6,158,000 |
Total Combined | 0.30 | 347,486,00 | 0.63 | 7,003,000 |
Notes :
The effective date for the MRE is February 6, 2024, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI43-101. The technical report supporting the Resource Estimate entitled "AurMac Property, Mayo Mining District, Yukon Territory, Canada" (the "Technical Report") has been filed on SEDAR at www.sedarplus.ca on March 18, 2024.
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.75 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US
$1,800 /ounce, US$2.50 /t mining cost, US$5.50 /t processing cost, US$2.00 /t G+A,80% gold recoveries, and 45° pit slopes.The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.
In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the "Hyland Project"). The Hyland Project represents a sediment hosted, structurally controlled, intrusion related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads.
Banyan trades on the TSX-Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market under the symbol "BYAGF". For more information, please visit the corporate website at or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD-LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend(s)", "believe", "potential" and "continue" or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's plans for exploration; and statements regarding exploration expectations, ease and confidence in increasing ounces, exploration or development plans and timelines; mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, timing and risk of earning the final
SOURCE: Banyan Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What were the highest-grade gold intersections reported by BYAGF in the February 2024 drilling results?
What is the current inferred resource estimate for BYAGF's AurMac Project?
When is BYAGF planning to complete the Preliminary Economic Assessment for AurMac?
What infrastructure advantages does BYAGF's AurMac Project have?
What is the total size of BYAGF's AurMac Project in Yukon?
