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Banyan Gold Commences Drilling at Aurex Hill, Aurmac Property, Yukon



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VANCOUVER, BC / ACCESSWIRE / June 14, 2021 / Banyan Gold Corp. (the “ Company ” or “ Banyan “) (TSX-V:BYN) is pleased to announce drilling has begun at the Aurex Hill Target, situated approximately one kilometre east of the Powerline Deposit on the AurMac Property, Yukon.

“Banyan is excited to return to Aurex Hill and follow-up on the near-surface gold mineralization identified in our 2020 drill program.” stated Tara Christie, President and CEO . “Phase 1 drilling on the Aurex Hill target should unlock the potential to develop another near-surface resource.”

Aurex Hill includes a roughly 10 sq km area defined by a large, coincident gold and arsenic-in-soil geochemical anomaly (Figure 1). Over 12,500 metres (“m”) of historic RAB drilling from 442 shallow (less than 50 m) holes, along with 15 diamond drill holes have been collared over Aurex Hill historically (Figure 2), prior to the development of the Banyan Geological Model which was tested and validated with the 2020 drilling.

A summary of highlights from the RAB drilling are presented in Table 1 – and indicate the mineralization potential of this area.

Table 1: Highlights* from historic RAB Aurex Hill results

Hole ID

From (m)

To (m)

Interval* (m)

Au (g/t)

93-147

9.2

48.8

39.6

1.18

93-151

18.3

45.7

27.4

0.73

93-153

9.2

30.5

21.3

0.75

93-158

15.2

36.6

21.4

0.93

94-80

3.1

24.4

21.3

0.71

94-114

9.2

27.4

18.2

0.70

94-121

6.1

21.3

15.2

0.97

94-129

12.2

30.5

18.3

0.74

94-133

6.1

30.5

24.4

0.73

94-161

9.2

18.3

9.1

1.54

94-167

6.1

18.3

12.2

0.88

94-174

15.2

27.4

12.2

0.79

94-184

9.2

24.4

15.2

0.78

94-193

3.1

18.3

15.2

1.44

96-67

3.1

30.5

27.4

0.74

* Historic drill results were reported by a previous operator, Yukon Revenue Mines Ltd., and utilized an Atlas Copco BRE 57-01 top hammer rotary percussion drill, in 1993, 1994 and 1996 exploration campaigns. Analytical results were reported to have been received from NAL lab in Whitehorse (gold – fire assay with gravimetric finish; antimony, bismuth and arsenic – atomic absorption spectroscopy); check assays were performed at Chemex Labs. Banyan has not verified the results and, therefore, they should not be relied upon. Banyan intends to verify a portion of these historically reported results as a part of this season’s exploration programs.

Figure 1: Phase 1 Drilling Plan showing Au-in-soil anomaly and historic diamond drill and RAB holes

Figure 2: Cross section showing historic RAB results and planned 2021 Aurex Hill holes

Diamond drilling at the Aurex Hill Zone in 2020 was comprised of seven (7), exploration holes designed to test a small portion of the highly prospective co-incident Au-As-in-soil anomalies previously defined by Banyan to be covering the majority of Aurex Hill. Drilling occurred in an untested area, over 300 m northwest of historic Aurex Hill diamond drill holes and hosts the same lithological package as at the Powerline Zone, over 1.25 km to the west.

The first holes in this area (see January 11, 2021 & February 8, 2021 news releases), intersected a well developed and pervasive oxidized footprint to depths of over 40 m associated with discordant sheeted auriferous quartz-arsenopyrite veining (Figure 3) and included the following highlights:

  • 1.11 g/t Au over 17.9 metres from surface in AX-20-57
  • 0.91 g/t Au over 20.5 metres from surface in AX-20-54

Figure 3: North-south cross section showing 2020 Aurex Hill results

The Phase 1, 5,000 m drill program at Aurex Hill is designed to build upon the success of the 2020 drilling in this newly recognized zone and endeavor to connect this mineralized portion of the Aurex Hill system with the historically RAB drilled zones.

Video version of this news release can be found on the Banyan Gold’s website.

2021 Drilling Update

Banyan has completed Phase 1 Powerline drilling with 10,476 m in a systematic, 100 m centered, drill grid designed to expand the Powerline Deposit. To date only 16 of 50 holes have received final assay results.

Qualified Person

Paul D. Gray, P.Geo., Vice President of Exploration for the Company, is a “qualified person” as defined under NI 43-101 and has reviewed and approved the content of this news release.

Upcoming Catalysts

Results from Phase One Powerline Drilling – 34 of 50 holes pending
Whistler Capital Events, July 9-11, 2021
Precious Metals Beaver Creek, September 8-11, 2021

COVID-19 Update

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. Over 90% of Banyan Gold employees and contractors on site are fully vaccinated.

About Banyan

Banyan’s primary asset AurMac is adjacent to Victoria…



Read More: Banyan Gold Commences Drilling at Aurex Hill, Aurmac Property, Yukon

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