Banyan Demonstrates Mineralization Continuity for Powerline and Aurex Hill for the AurMac Property, Yukon, Canada
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Banyan Demonstrates Mineralization Continuity for Powerline and Aurex Hill
for the AurMac Property, Yukon, Canada
July 19, 2023 TSX-V: BYN
VANCOUVER, B C, July 19, 2023 - Banyan Gold Corp. (the “Company” or “Banyan”) (TSX-V:
BYN) (OTCQB: BYAGF) is pleased to release the results from twenty-five (25) diamond drill holes
from the Company’s ongoing 2023 exploration campaign. These drill holes establish that the gold
mineralization is continuous between Powerline and Aurex Hill deposits located on the Company’s
AurMac Property (the “Property”), Yukon Territory.
Assay highlights include:
• AX-23-415: 37.4 metres (“m”) of 0.82 g/t Au from 103.4 m
• AX-23-429: 28.0 m of 0.81 g/t Au from 80.5 m
• AX-23-429: 18.5 m of 2.22 g/t Au from 182.0 m
• AX-23-436: 53.8 m of 0.81 g/t Au from 194.5 m
• AX-23-451: 17.7 m of 1.44 g/t Au from 141.1 m
“Confirmation that AurMac gold mineralization is continuous between Powerline and Aurex H ill
was an important goal of our Phase 1 drill program,” stated Tara Chris tie, President and CEO,
“All these reported drill holes are post the 2023 6.2 Million Ounce Gold Resource update and are
additive to the overall mineral resource of the Property validating management’s position there
remains room to grow this on and near surface deposit. The areal extent of AurMac’s interpreted
gold mineralization continues to be expanded with each batch of assay results received.”
Highlighted results from this set of drill holes are presented in Figures 1-2 and Tables 1-2.
The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package
consisting of predominately schists, quartzites and limestones of the Late Proterozoic to
Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz -
sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated
with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin
gold deposits. A strong bismuth-gold association has been identified at AurMac and is being
utilized to establish exploration vectors over the property.
Highlighted instances of visible gold identified from these holes is shown in Image 1.
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Image 1: Photographs of visible gold from:
A) AX-23-415: 136.4 m to 136.8 m – 51.6 g/t Au
over 0.4 m
B) AX-23-436: 244.0 m to 244.6 m – 3.35 g/t Au
over 0.6 m
C) AX-23-444: 75.8 m to 76.2 m – 1.15 g/t Au
over 0.4 m
D) AX-23-445: 113.1 m to 113.7 m – 50.5 g/t Au
over 0.6 m
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Figure 1: AurMac Drill Hole Locations, showing the location of historic and Banyan completed
diamond drill holes used in MRE (grey, black and blue dots) and collar locations of 2023 drilling
(red and yellow dots).
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Figure 2: AurMac Drill Hole Locations, showing the location of historic and Banyan completed
diamond drill holes used in MRE (grey, black and blue dots) and collar locations of 2023 drilling
(red and yellow dots).
Table 1: Highlighted Powerline and Aurex Hill Diamond Drill Analytical Results. (Maps,
sections and full assay results will be made available on Banyan’s website).
Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-23-412 21.3 41.5 20.2 0.22
And 61.0 77.0 16.0 0.40
And 103.6 110.0 6.4 0.29
And 169.3 174.5 5.2 0.94
And 228.6 233.2 4.6 0.32
AX-23-413 38.3 45.6 7.3 0.64
And 71.9 105.5 33.6 0.33
And 125.1 142.0 16.9 0.75
And 172.0 184.0 12.0 0.33
AX-23-414 9.1 19.8 10.7 0.42
And 50.3 71.0 20.7 0.50
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-23-415 22.9 50.3 27.4 0.24
And 64.3 80.3 16.0 0.38
And 103.4 140.8 37.4 0.82
Including 136.4 136.8 0.4 51.60
And 198.1 207.8 9.7 1.00
And 238.5 246.5 8.0 0.24
AX-23-416
And 36.1 38.7 2.6 0.60
And 88.0 102.8 14.8 0.21
AX-23-417 18.3 21.2 2.9 0.49
And 38.0 40.4 2.4 0.37
And 74.7 78.7 4.0 1.67
And 118.1 126.5 8.4 0.37
And 144.5 154.8 10.3 0.26
And 172.2 183.1 10.9 0.60
AX-23-420 31.1 46.6 15.5 0.20
And 79.3 88.4 9.1 0.27
And 108.3 146.7 38.4 0.24
AX-23-421 92.1 95.7 3.6 0.32
And 113.5 123.0 9.5 0.24
And 134.5 162.3 27.8 0.29
And 181.6 189.1 7.5 0.21
AX-23-422 13.7 25.9 12.2 0.55
And 55.3 67.0 11.7 0.23
And 144.8 158.2 13.4 0.32
AX-23-424 16.1 32.0 15.9 0.22
And 39.6 46.9 7.3 0.36
And 82.8 110.6 27.8 0.31
And 138.6 155.5 16.9 0.21
And 166.1 240.9 74.8 0.25
AX-23-426 18.0 86.9 68.9 0.25
And 109.3 121.9 12.6 0.28
And 133.1 142.0 8.9 0.72
And 167.7 172.2 4.5 0.97
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-23-427 37.5 78.8 41.3 0.21
And 86.8 99.0 12.2 0.21
And 120.4 128.4 8.0 0.52
And 146.6 221.1 74.5 0.38
AX-23-429 36.0 49.5 13.5 0.25
And 80.5 108.5 28.0 0.81
And 126.5 134.5 8.0 0.31
And 151.1 153.8 2.7 0.55
And 182.0 200.5 18.5 2.22
And 240.0 245.0 5.0 0.28
AX-23-431 25.5 31.5 6.0 0.77
And 48.0 60.5 12.5 0.34
And 76.0 129.0 53.0 0.35
And 159.5 163.0 3.5 0.23
And 170.7 173.5 2.8 0.41
And 222.8 228.5 5.7 0.50
AX-23-432 23.9 50.4 26.5 0.26
And 93.4 105.8 12.4 0.83
And 115.3 122.2 6.9 0.21
And 151.4 173.9 22.5 0.53
And 207.7 222.9 15.2 0.29
AX-23-435 63.0 83.3 20.3 0.47
And 139.0 142.0 3.0 1.57
AX-23-436 5.0 11.2 6.2 0.20
And 27.2 39.1 11.9 0.74
And 69.0 71.3 2.3 0.39
And 194.5 248.3 53.8 0.81
AX-23-438 8.4 16.7 8.3 0.34
And 49.0 62.5 13.5 0.14
And 76.2 90.8 14.6 0.70
And 103.2 129.1 25.9 0.35
And 143.3 152.4 9.1 0.47
And 180.8 189.3 8.5 0.25
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-23-440 10.7 49.5 38.8 0.50
And 66.5 77.0 10.5 1.07
And 100.6 108.5 7.9 1.12
And 139.5 144.0 4.5 0.43
And 177.0 185.5 8.5 0.62
And 199.0 205.0 6.0 0.39
AX-23-441 23.5 56.5 33.0 0.20
And 79.5 87.8 8.3 0.82
And 104.0 128.0 24.0 0.72
And 149.4 153.5 4.1 0.26
AX-23-442 7.3 16.8 9.5 0.31
And 29.0 32.5 3.5 0.29
And 44.9 46.0 1.1 0.32
And 73.0 76.0 3.0 1.05
And 98.6 109.5 10.9 0.57
And 123.5 137.0 13.5 0.91
And 148.5 152.4 3.9 0.89
And 161.5 163.0 1.5 2.18
And 186.0 204.2 18.2 0.34
AX-23-445 18.0 19.5 1.5 1.46
And 39.0 40.5 1.5 0.94
And 50.0 52.0 2.0 0.79
And 71.7 81.8 10.1 0.42
And 113.1 115.1 2.0 15.30
And 138.5 140.7 2.2 1.01
And 164.6 175.3 10.7 0.20
AX-23-448 115.0 129.5 14.5 0.32
And 138.6 167.8 29.2 0.27
And 206.1 207.6 1.5 0.29
And 230.1 231.7 1.6 0.43
And 242.1 243.5 1.4 0.65
And 251.0 257.0 6.0 0.32
And 269.1 273.3 4.2 0.22
AX-23-450
And 21.3 22.9 1.6 1.12
And 97.5 99.0 1.5 1.01
And 151.0 161.5 10.5 1.12
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
And 177.7 181.7 4.0 0.59
AX-23-451
And 96.6 128.5 31.9 0.27
And 141.1 158.8 17.7 1.44
And 177.4 188.5 11.1 0.20
*True widths are estimated to be approximately 90% of drilled intervals.
Table 2: Drill Collar Location for Released Results
Collar ID
East
NAD83_Z8
North
NAD83_Z8 Elev. (m) Azimuth Dip (°) Depth (m)
AX-23-412 468600 7082803 892 348 -59 235
AX-23-413 468600 7082803 892 292 -60 235
AX-23-414 468498 7082503 893 008 -61 233
AX-23-415 468600 7082803 892 095 -53 313
AX-23-416 468498 7082503 893 089 -59 312
AX-23-417 468703 7082806 899 091 -58 305
AX-23-420 468429 7082502 893 089 -60 205
AX-23-421 468703 7082806 899 003 -55 191
AX-23-422 468429 7082502 893 001 -58 226
AX-23-424 468503 7082809 877 359 -58 244
AX-23-426 468497 7082578 892 001 -60 219
AX-23-427 468399 7082804 866 007 -56 250
AX-23-429 468573 7082615 895 358 -62 323
AX-23-431 468403 7082892 865 003 -56 296
AX-23-432 468604 7082701 896 002 -60 259
AX-23-435 468400 7082703 868 001 -59 213
AX-23-436 468402 7082992 857 004 -55 311
AX-23-438 468501 7082698 884 359 -63 255
AX-23-440 468510 7082897 878 357 -54 209
AX-23-441 468397 7082602 877 004 -60 215
AX-23-442 468604 7082905 885 012 -61 204
AX-23-445 468517 7082993 876 357 -57 206
AX-23-448 468301 7082113 890 001 -60 274
AX-23-450 468293 7082289 881 360 -59 206
AX-23-451 468394 7082102 909 355 -58 223