Banyan Intersects 1.13 G/T GOLD over 84.4 Metres at Aurex Hill Deposit, Aurmac Property, Yukon
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BANYAN INTERSECTS 1.13 G/T GOLD OVER 84.4 METRES AT AUREX HILL
DEPOSIT, AURMAC PROPERTY, YUKON
November 7, 2022 TSX-V: BYN | OTCQB: BYAGF
VANCOUVER, BC, Nov ember 7, 2022 – Banyan Gold Corp. (the " Company" or " Banyan")
(TSXV: BYN) (OTCQB: BYAGF) is pleased to announce the analytical results from thirty-six (36)
diamond drill holes completed during the Company’s 2022 exploration program at the Powerline
and Aurex Hill deposits located on the Company’s AurMac Property, Yukon Territory.
Assay highlights from this most recent batch of assays received include:
● 56.6 metres (“m”) of 0.46 g/t Au from 35.1 m in DDH AX-22-283
● 34.5 m of 1.00 g/t Au from 67.1 m in DDH AX-22-284
● 19.2 m of 1.24 g/t Au from 121.9 m in DDH AX-22-284
● 49.6 m of 0.48 g/t Au from 28.1 m in DDH AX-22-291
● 30.9 m of 1.27 g/t Au from 50.3 m in DDH AX-22-293
● 58.2 m of 0.57 g/t Au from surface (9.1 m) in DDH AX-22-299
● 67.1 m of 0.69 g/t Au from surface (16.8 m) in DDH AX-22-301
● 71.0 m of 0.41 g/t Au from 48.7 m in DDH AX-22-303
● 48.0 m of 0.47 g/t Au from 249.7 m in DDH AX-22-310
● 64.4 m of 0.81 g/t Au from 53.0 m in DDH AX-22-313
● 84.4 m of 1.13 g/t Au from 22.8 m in DDH AX-22-320
● 70.6 m of 0.49 g/t Au from surface (5.4 m) in DDH AX-22-337
● 42.6 m of 0.85 g/t Au from 117.1 m in DDH AX-22-338
● 71.5 m of 0.92 g/t Au from 145.2 m in DDH AX-22-339
“2022 drill results continue to expand the extent of near/on-surface gold mineralization at the
Powerline and Aurex Hill Deposits,” stated Tara Christie, President & C EO of Banyan. “Both
deposits remain open, with impressive results from the furthest north-eastern hole drilled in
Powerline (AX-22-320) which returned an impressive 1.13 g/t gold over 84.4 m. The 2022 Drilling
programs have now been completed for the season - with over 50,000 m of core drilled.”
Results from this set of thirty-six (36) 2022 drill holes are consistent with previous exploration drill
results at the Powerline and Aurex Hill Deposits (see Tables 1, Figure 1, and Figure 2) and t he
areal extent of interpreted gold mineralization from near/on-surface continues to be confirmed
and expanded with each batch of assay results received.
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 currently
being utilized to establish exploration vectors over the Property.
Visible gold from these holes is shown in Image 1.
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Image 1: Photographs of visible gold from:
A) AX-22-303 161.0 m to 161.8 m 121.6 g/t Au
over 0.8 m
B) AX-22-337 61.6 m to 62.2 m 9.24 g/t Au over
0.6 m
C) AX-22-327 26.7 m to 27.5 m 9.22 g/t Au over
0.8 m
D) AX-22-293 70.1 m to 71.6 m 6.95 g/t Au over
1.53 m
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Figure 1: East Powerline and Aurex Hill Drill Hole Locations, showing historic and completed
diamond drill holes.
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Figure 2: West Powerline Drill Hole Locations, showing historic and completed diamond drill
holes.
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Table 1: 2022 Highlighted Powerline & Aurex Hill Diamond Drill Analytical Results. (Maps,
sections and full assay results will be available on Banyan’s website).
Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-22-281 100.0 152.40 52.4 0.22
AX-22-282 141.7 147.8 6.1 0.25
AX-22-283 35.0 91.6 56.6 0.46
and 123.9 147.8 23.9 0.57
and 225.0 273.1 48.1 0.27
AX-22-284 67.1 101.6 34.5 1.00
and 121.9 141.1 19.2 1.24
and 247.5 256.5 9.0 0.45
AX-22-286 86.7 156.0 69.3 0.29
and 201.4 203.8 2.4 0.45
and 244.5 251.9 7.4 0.29
AX-22-288 80.9 130.9 50.0 0.21
and 201.6 214.1 12.5 0.38
and 242.3 287.2 44.9 0.29
AX-22-289 285.7 314.1 28.4 0.63
And 102.8 123.4 20.6 0.37
AX-22-290 25.9 36.6 10.7 0.22
and 89.0 108.2 19.2 0.21
and 150.9 179.9 29.0 0.30
and 210.3 236.2 25.9 0.19
AX-22-291 28.1 77.7 49.6 0.48
and 91.7 105.2 13.5 0.39
and 140.1 151.3 11.2 0.29
and 218.8 238.5 19.7 0.45
and 279.8 293.5 13.7 0.28
AX-22-292 43.0 59.5 16.5 0.30
and 99.6 113.5 13.9 0.34
and 146.5 256.7 110.2 0.25
AX-22-293 50.3 81.2 30.9 1.27
and 91.4 154.7 63.3 0.39
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
and 170.7 193.0 22.3 0.32
and 210.3 220.9 10.6 0.41
AX-22-294 30.2 45.2 15.0 0.44
and 66.2 100.9 34.7 0.30
and 203.6 212.5 8.9 0.26
and 242.5 257.5 15.0 0.71
and 294.8 302.0 7.2 0.87
AX-22-295 18.7 31.5 12.8 0.22
and 74.1 84.3 10.2 0.35
and 105.2 117.5 12.3 0.34
and 177.6 200.0 22.4 0.41
and 219.7 251.6 31.9 0.28
AX-22-296 3.1 48.8 45.7 0.22
AX-22-298 47.2 61.8 14.6 0.46
and 245.1 270.4 25.3 0.25
and 292.7 319.1 26.4 0.30
AX-22-299 9.1 67.3 58.2 0.57
AX-22-301 16.8 83.8 67.0 0.69
AX-22-302 51.8 90.6 38.8 0.30
AX-22-303 48.7 119.7 71.0 0.41
and 161.0 161.8 0.8 121.6
AX-22-305 4.6 61.0 56.4 0.20
and 193.7 214.9 21.2 0.37
AX-22-308 35.0 41.6 6.6 0.44
and 185.5 233.5 48.0 0.26
AX-22-310 24.1 66.0 41.9 0.28
and 198.0 225.8 27.8 0.30
and 249.7 297.7 48.0 0.47
AX-22-311 59.3 66.4 7.1 0.44
and 106.1 119.3 13.2 0.25
and 225.4 227.1 1.68 0.55
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-22-313 12.2 18.3 6.10 0.34
and 53.0 117.4 64.4 0.81
and 157.3 164.6 7.3 1.30
and 186.8 189.4 2.6 0.50
AX-22-314 10.7 19.8 9.1 0.62
and 48.8 84.9 36.1 0.24
and 104.1 127.3 23.2 0.28
and 141.7 153.9 12.2 0.20
and 173.0 210.3 37.3 0.21
AX-22-315 15.2 100.4 85.2 0.33
and 133.6 172.2 38.6 0.20
AX-22-316 1.0 39.8 38.8 0.31
and 66.5 80.4 13.9 0.28
and 109.2 164.0 54.8 0.30
and 202.4 220.1 17.7 0.17
AX-22-317 75.2 81.3 6.1 0.42
and 104.9 193.7 88.8 0.33
and 256.3 264.0 7.7 0.42
AX-22-319 44.0 53.4 9.4 1.14
and 119.0 155.5 36.5 0.26
and 192.2 208.1 15.9 0.26
AX-22-320 22.8 107.2 84.4 1.13
AX-22-322 4.3 48.4 44.1 0.20
AX-22-327 7.7 105.2 97.5 0.35
AX-22-328 106.3 113.9 7.6 0.83
and 161.5 170.7 9.2 0.25
AX-22-337 5.4 76.0 70.6 0.49
and 117.1 159.7 42.6 0.85
AX-22-338 45.7 48.0 2.3 0.45
and 132.2 137.2 5.0 0.24
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-22-339 30.5 35.1 4.6 0.81
and 126.5 131.8 5.3 0.27
and 145.2 216.7 71.5 0.92
*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-22-281 466935 7082511 792 356 -60 245.36
AX-22-282 469414 7083990 835 011 -64 233.17
AX-22-283 466197 7083105 733 001 -59 295.05
AX-22-284 466970 7082681 788 009 -64 291.08
AX-22-286 466096 7083200 722 005 -63 298.7
AX-22-288 466201 7082992 735 352 -60 332.23
AX-22-289 466399 7083600 722 005 -59 342.6
AX-22-290 466200 7082900 736 004 -61 277.37
AX-22-291 466101 7083097 728 002 -61 303.27
AX-22-292 466200 7082825 737 359 -62 289.56
AX-22-293 467102 7082704 791 357 -62 255.44
AX-22-294 466100 7083002 731 003 -58 337.11
AX-22-295 466299 7082802 744 005 -61 300.74
AX-22-296 469239 7081801 963 359 -62 198.12
AX-22-298 466002 7083005 726 008 -57 354.48
AX-22-299 469236 7081898 972 359 -62 204.22
AX-22-301 469239 7082002 982 002 -64 211.84
AX-22-302 465896 7083003 721 009 -71 236.83
AX-22-303 469238 7082095 989 004 -62 192.02
AX-22-305 469244 7082306 994 003 -64 222.56
AX-22-308 469248 7082397 993 005 -64 240.79
AX-22-310 466003 7082696 730 354 -62 307.85
AX-22-311 469244 7082501 988 359 -66 227.08
AX-22-313 469250 7082602 984 006 -63 204.22
AX-22-314 469660 7082299 1005 359 -61 210.31
AX-22-315 469252 7082705 980 002 -65 203.91
AX-22-316 469659 7082407 1001 007 -64 220.07
AX-22-317 465995 7083202 716 355 -58 263.96
AX-22-319 469256 7082805 976 002 -63 233.63
AX-22-320 469677 7082613 988 002 -60 189.13
AX-22-322 469321 7081802 963 007 -53 220.98
AX-22-327 469329 7081999 980 359 -60 214.88
AX-22-328 465800 7083000 717 351 -58 228.6
AX-22-337 469103 7082700 969 360 -62 211.84