on Banyan Gold Corp. (CVE:BYN)
Banyan Gold Reports First Indicated Mineral Resources at AurMac Project
Banyan Gold Corp. has announced its first Indicated Mineral Resources for the AurMac Project in Yukon, following an updated Mineral Resource Estimate (MRE). The update includes additional drilling data comprising 21,000 meters from 118 diamond drill holes within the Airstrip and Powerline deposits.
President and CEO Tara Christie highlighted 1.42 Moz of Indicated Mineral Resources at a grade of 0.95 g/t and 3.13 Moz of Inferred Mineral Resources at 0.98 g/t, based on a 0.55 g/t gold cut-off. The updated MRE stands at 2.274 million ounces of gold as Indicated and 5.453 million ounces as Inferred.
The Powerline Deposit has undergone significant geological model updates, resulting from 1,043 drill holes, identifying continuous zones of mineralization near the surface. Additionally, a detailed analysis is ongoing to refine the geological model further.
R. P.
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