Extends Mineralisation By Over 500m
Banyan Gold Corp. (TSXV:BYN) has highlighted the potential of the Powerline Zone at its AurMac Property in the Yukon with the receipt of diamond drilling analytical results from the first holes from its2020 exploration programme.
President and CEO, Tara Christie, said these holes successfully demonstrate the Powerline Mineralisation Model applies beyond the 2020 Powerline Resource extent and importantly, the expansion potential of Powerline in all directions and at depth.
Highlights of the first five 2020 Powerline drill results include:
- 0.72 g/t Au over 128.5, from 82.0m, Including 1.07 g/t Au over 68.5 m;
- 0.80 g/t Au over 29.8mfrom 129.5;
- 0.47 g/t Au over 30.5mfrom 43.0;
- 0.76 g/t Au over 13.0mfrom 135m; and
- 0.46 g/t Au over 27.0m from 12.0m.
“These results demonstrate that the gold mineralisation at the Powerline Zone is part of a much larger gold system than captured in the 2020 Powerline Deposit Resource model”, Christie said.
“AX-20-41 through to AX-20-45 are 100 metre step-outs south of the 2020 Resource, respectively, and together add over 500 metres of mineralized footprint south of the Powerline deposit.
“The near surface Powerline Deposit grades 0.61 g/t Au, comparable to the resource grade of 0.63 g/t of Victoria Gold’s producing Eagle Gold Mine, which is just 40 km away. Powerline was a 2019 discovery and reinforces the near-surface gold potential of the larger AurMac Property.”
Powerline is approximately one kilometre south of the Airstrip Deposit of the AurMac Property and shares all the infrastructure of Airstrip. Importantly, Powerline is open to expansion in all directions and at depth and represents another near surface bulk tonnage minable target at AurMac. At a 0.20 g/t Au cut-off, the pit-constrained, inferred mineral resources are 6.6 million tonnes at an average gold grade of 0.61 g/t for a total of 129,019 ounces of gold.
The primary objective of the 2020 Powerline Zone drilling was to test the expansion potential of gold mineralization to the south of the known deposit. Not only was the mineralixation model validated through this season’s efforts, but mineralization also remains open to drilling in all directions.
Aurex Hill Zone
Upon completion of the first pass Powerline drill holes, drilling commenced at the Aurex-Hill Zone; this programme included 1,800 metres of diamond drill core from 10 holes. Aurex Hill Zone objectives included the first ever test of a Banyan defined coincident gold+arsenic-in-soils anomaly, within an area on strike and between the Aurex Hill soil anomaly and the Powerline Zone – a prime candidate for the discovery of additional near-surface gold resources.
Diamond drilling activities continue at AurMac and are planned to continue into mid-December. Drilling is currently focussed on the Airstrip Zone and will be followed by follow-up drilling on the Powerline Zone based on the strength of the 2020 Powerline assays received to date. 2020 drilling at AurMac has thus far achieved over 8,900 metres of drilling from 45 drill holes.
