New drilling resultsBanyan Gold Drills 1.03 g/t over 81.4 Metres, Continuing to Expand Powerline Minerlization Footprint, Aurmac Property, Yukon Accesswire VANCOUVER, BC / ACCESSWIRE / June 7, 2021 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN) is pleased to announce the results from five (5) diamond drill holes received from the ongoing 2021 exploration program on the AurMac Property, Yukon. Banyan has now released assays from 16 holes of the total 46 diamond drill holes drilled to date. This season's drilling efforts have thus far resulted in over 10,000 metres ("m") from a systematic, 100 m centered, drill grid designed to test the expansion potential of the Powerline Deposit.
Assay highlights from these latest five (5) 2021 Powerline Zone drill hole results include:
- 1.03 g/t Au over 81.4 metres from 32.0 metres in AX-21-88;
- 0.50 g/t Au over 76.2 metres from surface in AX-21-79;
- 0.50 g/t Au over 33.1 metres from 62.2 metres AX-21-83;
- 0.47 g/t Au over 13.1 metres from 175.3 m in AX-21-80
"The Powerline Deposit mineralization continues to expand; with the consistency and persistence being impressive." stated Tara Christie, President and CEO. "With these latest results, we have more than tripled the area tested from the maiden 2020 Powerline Deposit Resource and with 10,000 metres of diamond drilling in 46 holes having been completed, assay results are showing a continuation of this trend."
Image 1 shows a photograph of visible gold from hole AX-21-79, which assayed 4.0 g/t over 1.5 m from 88.4 m.
Figure 1 shows the current status of the 2021 drill program at Powerline as well as the proposed Aurex Hill drilling which is slated to begin shortly. The locations of drill holes presented in this news release are shown on Figure 2 and sections with results are shown in Figures 3 through 6. 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.
Image 1: Showing a photograph of visible gold from Hole AX-21-79, which assayed 4.0 g/t over 1.5 m from 88.4 m.
Figure 1: 2021 Drill program at Powerline and Aurex Hill, showing historic, completed (RC, Percussion, RAB and diamond drill holes) and planned diamond drill holes.
Figure 2: Plan map of Powerline Zone 2021 drill holes reported, planned and completed.
Figure 3: Section A to A' of Powerline (looking west)
Figure 4: Section B to B' of Powerline (looking west)
Figure 5: Section C to C' of Powerline (looking west)
Figure 6: Section D to D' of Powerline (looking west)
Table 1: 2021 Highlighted Powerline Diamond Drill Analytical Results
| Hole ID | From
(m) | To
(m) | Interval*
(m) | Au
(g/t) |
| AX-21-78 | 19.7 | 118.9 | 99.2 | 0.20 |
| Including | 19.7 | 20.0 | 0.3 | 5.00 |
| Including | 29.0 | 30.5 | 1.5 | 1.38 |
| Including | 38.6 | 40.2 | 1.6 | 1.10 |
| And | 185.4 | 203.3 | 17.9 | 0.20 |
| | | | | |
| AX-21-79 | 13.7 | 89.9 | 76.2 | 0.50 |
| Including | 47.3 | 48.3 | 1.0 | 4.18 |
| Including | 56.4 | 57.9 | 1.5 | 1.03 |
| Including | 59.4 | 60.1 | 0.7 | 2.24 |
| Including | 83.8 | 85.3 | 1.5 | 1.15 |
| Including | 88.4 | 89.9 | 1.5 | 4.00 |
| And | 108.7 | 163.0 | 54.3 | 0.42 |
| Including | 120.4 | 121.3 | 0.9 | 1.59 |
| Including | 123.7 | 124.2 | 0.5 | 3.94 |
| Including | 138.2 | 139.3 | 1.1 | 1.30 |
| Including | 142.5 | 144.3 | 1.8 | 1.27 |
| Including | 158.5 | 160.0 | 1.5 | 1.23 |
| | | | | |
| AX-21-80 | 9.1 | 111.1 | 102.0 | 0.20 |
| Including | 85.3 | 86.9 | 1.6 | 1.05 |
| And | 175.3 | 188.4 | 13.1 | 0.47 |
| | | | | |
| AX-21-81 | 15.8 | 76.2 | 60.4 | 0.50 |
| Including | 15.8 | 16.8 | 1.0 | 1.88 |
| Including | 18.3 | 19.8 | 1.5 | 1.27 |
| Including | 22.9 | 24.4 | 1.5 | 1.08 |
| Including | 31.7 | 32.9 | 1.2 | 2.00 |
| Including | 39.0 | 40.7 | 1.7 | 1.36 |
| Including | 70.8 | 71.6 | 0.8 | 1.21 |
| And | 88.3 | 108.1 | 19.8 | 0.22 |
| And | 168.0 | 193.4 | 25.4 | 0.43 |
| Including | 182.9 | 184.4 | 1.5 | 1.74 |
| Including | 188.1 | 190.5 | 2.4 | 1.40 |
| | | | | |
| AX-21-82 | 153.0 | 199.6 | 46.6 | 0.28 |
| Including | 191.1 | 192.6 | 1.5 | 3.77 |
| | | | | |
| AX-21-83 | 12.9 | 141.8 | 128.9 | 0.28 |
| Or | 12.9 | 38.5 | 25.6 | 0.29 |
| And | 44.4 | 51.8 | 7.4 | 0.32 |
| And | 62.2 | 95.3 | 33.1 | 0.50 |
| Including | 68.1 | 69.2 | 1.1 | 1.74 |
| Including | 73.2 | 74.6 | 1.4 | 1.34 |
| And | 109.8 | 141.8 | 32.0 | 0.21 |
| | | | | |
| AX-21-88 | 32.0 | 113.4 | 81.4 | 1.03 |
| Including | 68.4 | 69.0 | 0.6 | 4.57 |
| Including | 89.9 | 91.5 | 1.6 | 1.24 |
| Including | 108.2 | 109.8 | 1.6 | 40.9 |
| Including | 112.3 | 113.4 | 1.1 | 2.49 |
| And | 147.9 | 194.5 | 46.6 | 0.19 |
| Including | 160.0 | 161.5 | 1.5 | 1.77 |
* True widths are estimated to be greater than 90% of the reported intervals.
Analytical Method
All drill core splits reported in this news release were analyzed at SGS Canada in Vancouver, B.C. utilizing their GE_IMS21B20 analytical package which comprises a two-acid aqua regia digestion followed by a 36-element ICP-MS scan, in conjunction with the GE_FAA30V5 30g Fire Assay with AAS finish for gold on all samples. Samples with gold content exceeding the analytical thresholds of this package were reanalyzed utilizing an additional 30g Fire Assay Gravimetric Finish (SGS Package GO_FAG30V). 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 SGS Whitehorse preparatory laboratory where samples are prepared and then shipped to SGS laboratory in Vancouver, B.C. for pulverization and final chemical analysis. A robust system of standards, ¼ core duplicates and blanks was implemented in the 2021 exploration drilling program and was monitored as chemical assay data became available.
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.