Assay highlights include: 32.1 metres ('m') of 0.78 g/t Au from surface (13.7 m) in DDH AX-22-205, 34.8 m of 1.07 g/t Au from surface (7.9 m) in DDH AX-22-206, 33.9 m of 0.74 g/t Au from 54.2 m in DDH AX-22-207, 22.5 m of 1.07 g/t Au from 22.5 m in DDH AX-22-208
'These initial results from 2022 diamond drilling on the AurMac Property have continued where 2021 drilling left off, definition of higher-grade zones within the expanding mineralization footprint of on/near surface gold mineralization at the Powerline.' stated
Results from these first nine (9) 2022 drill holes are consistent with previous exploration drill results at the Powerline Deposit and the areal extent of interpreted gold mineralization from near/on-surface continues to expand with each batch of assay results received.
2022 Exploration Program Update
Banyan initiated its 2022 exploration program on
Analytical Method and Quality Assurance/Quality Control Measures
All drill core splits reported in this news release were analysed by
COVID-19 Update
Banyan continues to take proactive measures to protect the health and safety of our
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 Initial Mineral Resource Estimate for the AurMac Property was prepared in 2020 and consisted of 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 deposit and the Powerline Deposit.
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', 'potential' 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 Company's plans for drilling this year and 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, continuity and extent of mineralization, 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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