VANCOUVER, BC / ACCESSWIRE / June 21, 2021 / Banyan Gold Corp.
“Banyan continues to execute a successful exploration season, which began in February 2021, after drilling into December 2020.” states Tara Christie, President and CEO, “The planned Phase 1 diamond drilling at the Powerline Deposit comprised 10,476 m from 50 holes; this robust program confirmed Banyan’s Powerline Geologic Model and greatly expanded the mineralized footprint outside of the original bounds of the 2020 deposit.
Tables of complete results with collar locations are located on the Company website and will be updated regularly to include new results as they become available.
Banyan Gold continues to take proactive measures to protect the health and safety of our Yukon communities, our contractors and our employees from COVID 19 and exploration activities in 2021 will have additional safety measures in place, following and exceeding all the recommendations of Yukon’s Chief Medical Officer.
Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that is advantageous for a mineral project to have potential to become a mine.
The 173 sq km AurMac Property lies 30 km from Victoria Gold’s Eagle Project and adjacent to Alexco’s Keno Hill Silver District and is highly prospective for structurally controlled, intrusion related gold-silver mineralization.
The 2020 Initial Mineral Resource Estimate prepared in accordance with National Instrument 43-101 guidelines for the AurMac Property is 903,945 ‎ounces of gold.
The Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt is a sediment hosted, structurally controlled, intrusion related gold deposit, with a large land package daylighting at surface and numerous other known surface gold targets.
Table 3 shows the Hyland Main Zone Indicated Gold Resource Estimate, prepared in accordance with NI 43-101, at a 0.3 g/t gold equivalent cutoff, contains 8.6 million tonnes grading 0.85 g/t AuEq for 236,000 AuEq ounces with an Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent in resource estimates , 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, delays in the development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan’s public documents filed on SEDAR.
Statements in this news release regarding Banyan which are not historical facts are “forward-looking statements” that involve risks and uncertainties.