VANCOUVER - Banyan Gold Corp. (the 'Company' or 'Banyan') (TSXV: BYN) (OTCQB: BYAGF) is pleased to announce the commencement of the 2024 exploration program at it's AurMac Project ('AurMac'), located in the Mayo Mining District, Yukon, and the addition of Henry Marsden as a Technical Advisor.
'Drilling underway is focused on demonstrating the economic potential of the project and, in part, the Resource's potential to grow in grade and scale - with all deposits open. Drilling is guided by our internal scoping work with mining development experts and updated geological and structural models,' stated Tara Christie, President & CEO of Banyan. 'The strategic advice we have received from the expertise of our mining development shareholders and advisors such as Henry Marsden, has positioned us for our most focused drill program to date. We are excited for how transformational this year will be for Banyan.'
Drilling at AurMac has commenced with immediate targets on the Powerline Deposit, as part of the currently planned 5,000 metre ('m') drill program, which will guide potential additional drilling this year.
In conjunction with the above, Banyan continues to progress metallurgy, engineering, community engagement and environmental baseline programs at AurMac. Highlights of ongoing technical work include structural re-interpretation, 3D geophysical inversion integrated with the three-dimensional geological model and utilising the advice of experts in specific areas, including Henry Marsden on the strategically planned drill program for 2024.
Community engagement this year has included participating in career fairs, education, diversity-based projects and First Nation-led initiatives in Mayo. Banyan has also partnered with Yukon Seed and Restoration, a Na-cho Nyak Dun Development Corporation majority-owned business, by providing training space, accommodation and food for a drone training workshop.
Henry Marsden, BSc., MSc.
Henry Marsden is an exploration geologist with more than 40 years of experience including executive exploration roles and mine advancement positions. Most recently, Mr. Marsden was Senior Vice President of Exploration for Yamana Gold, until the company was acquired by Pan American Silver and Agnico Eagle in March 2023. He previously served as Chief Geologist for Yamana, beginning in 2014.
Mr. Marsden began his mining career in British Columbia in 1982 with Esso Minerals and Homestake Mining, in a wide variety of settings including Eskay Creek and southern Chile, until 1991. He has worked as a consultant throughout North, Central and South America, Turkey and China for numerous companies including Newcrest Mining, Meridian Gold, Gold Fields Exploration and Lake Shore Gold. Mr. Marsden has played a key role in the discovery and advancement of several deposits including Rio Blanco and Pico Machay in Peru and the Timmins West gold deposit in Timmins, Ontario. Mr. Marsden holds a B.Sc. in Geology from University of British Columbia and a Master of Science in Geology from Carleton University.
Exploration
Banyan Gold commenced drilling this weekend and is pleased to announce the first drill hole yielded significant visible gold. 'Congratulations to our geologists who have already identified several instances of visible gold starting from 12 m to 100m in the first drill hole of the year,' stated Tara Christie, Banyan President & CEO. 'This increases our confidence in the continuity of near-surface (
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