19 Aug Banyan Gold reports impressive drill results from Canadian gold project
TSXV-listed Banyan Gold has announced a new set of diamond drilling results from a 2020 exploration programme at its Aurex-McQuesten (AurMac) Gold Project in Canada’s Yukon territory.
Highlights from the drilling on the Airstrip Zone included 0.63 g/t gold over 46 metres from 88.1 metres in MQ-20-66 and 0.75 g/t gold over 116.4 metres from 20.2 metres in MQ-20-71.
Banyan said the near-surface deposit represents an open-pit mineable bulk tonnage target with existing transportation infrastructure, including the main Yukon government highway system and an all-season road to Victoria Gold Corp’s adjacent Eagle mine.
The AurMac project has resources open in all directions and at depth, and has the potential to host a multi-million-ounce deposit, according to the company. The Airstrip Zone contains an Inferred mineral resource of 46 million tonnes at an average grade of 0.524 g/t gold for a total of 774,926 ounces.
“These results not only demonstrate the continuity of the AurMac gold deposit, but the long intervals will add meaningfully to the resource. Grades of up to 19.5 g/t gold have been reported to date as well as multiple intercepts over 3 g/t gold,’’ said Banyan’s president and CEO Tara Christie.
“We continue to methodically execute the AurMac exploration programme based on the application of our geological and resource models. We plan to drill late in the fall,” she said.