Assay highlights from these results include: AX-23-449: 41.3 m of 0.51 g/t gold from 118.6 m
AX-23-454: 25.6 m of 0.82 g/t gold from 21.6 m
AX-23-465: 54.3 m of 0.56 g/t gold from 33.5 m
AX-23-478: 70.4 m of 0.41 g/t gold from 124.1 m
AX-23-481: 37.3 m of 0.71 g/t gold from 168.0 m
AX-23-495: 57.3 m of 0.49 g/t gold from 81.5 m
AX-23-500: 95.7 m of 0.29 g/t gold from 145.8 m
AX-23-501: 114.0 m of 0.34 g/t gold from 117.7 m
AX-23-506: 152.1 m of 0.31 g/t gold from 47.1 m
AX-23-507: 35.7 m of 0.95 g/t gold from 24.4 m
AX-23-508: 127.1 m of 0.37 g/t gold from 49.1 m
AX-23-511: 98.0 m of 0.29 g/t gold from 90.1 m
AX-23-517: 106.3 m of 0.35 g/t gold from 43.1 m
Drill results continue to be consistent with previous exploration at the Powerline and Aurex Hill Deposits and the deposits remain open to gold mineralization expansion in all directions and to depth. The program was also designed to begin to test potential mineralization bounds to identify locations for infrastructure as the Project is advancing.
'With three drill seasons since our initial Resource in 2020, Banyan has taken the resource at AurMac to 6.2 million ('M') ounces ('oz') demonstrating the strength and size of the mineralized gold system,' stated
The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package which consists predominately of schists, quartzites and limestones of the Late Proterozoic to
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Analytical Method and Quality Assurance/Quality Control Measures
All core samples were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples were sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to either the
Eighteen (18) drill hole core splits reported in this news release (AX-23-437, -449, -454, -456, -465, -468, -471, -473, -478 to -480, -482, -486, -500, -501, -506, -508, -518) were analysed by MSALABS of
About Banyan
Banyan's primary asset, the
The 173 square kilometres ('sq km')
The Updated MRE for the
In addition to the
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Email: tchristie@banyangold.com
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend(s)', '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 exploration and statements regarding exploration expectations, ease and confidence in increasing ounces, exploration or development plans and timelines; mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include 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, 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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