Assay highlights from the latest batch of assays received from the 2021 exploration campaign at the Powerline Deposit include: 84.5 metres ('m') of 1.32 g/t Au from surface (10 m) in DDH AX-21-151 o Including 72.5 m of 1.53 g/t Au from 22 m o Including 3.1 m of 19.5 g/t Au from 76.2 m
79.7 m of 0.43 g/t Au from 43.3 m in DDH AX-21-136
51.8 m of 0.60 g/t Au from surface (4.2 m) in DDH AX-21-159
'Assays from these 100 m centered drill holes continue to demonstrate the on-surface and near-surface gold mineralization potential of the Powerline Deposit, as well as the continuity of the mineralization across this growing zone.' stated
Results from the latest five (5) drill holes reported herein are consistent with previous exploration drill campaigns at the Powerline Deposit. The areal extent of interpreted gold mineralization from surface continues to expand with every new drill hole; from the initial 250 m by 250 m of the Powerline Resource, to now well over 2 km x 2 km.
Analytical Method
All drill core splits reported in this news release were analysed at SGS Canada in
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About Banyan
Banyan's primary asset, the AurMac Property is comprised of the Aurex and McQuesten properties, as well as claims staked and owned 100% by
The 173 sq km AurMac Property lies 30 km from Victoria
The 2020 Initial Mineral Resource Estimate for the AurMac Property prepared in accordance with the requirements of NI 43-101 is 903,945 ounces of gold. It is a near surface, road accessible pit constrained Mineral Resource contained in two near/on-surface deposits: the Airstrip and Powerline deposits.
Contact:
Tel: 778 928 0556
Email: tchristie@banyangold.com
FORWARD LOOKING INFORMATION
This news release contains forward-looking information, which is not comprised of historical facts. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the potential for the Powerline Deposit to host on-surface and near-surface gold mineralization; the future expansion of the mineralized footprint at the Powerline Deposit; the expected timing of the remaining assay results from the 2021 exploration program; future drilling at the AurMac Property and the expected timing thereof; the timing and expected scope of the planned 2022 AurMac Property exploration program; Banyan's objectives, goals or future plans; statements regarding exploration expectations, exploration or development plans and mineral resource estimates. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent in resource estimates, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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