2020 AurMac Project Highlights
Announced Maiden Inferred Resource - 903,945 ounces of gold contained in two near/on-surface, road accessible deposits: The Airstrip and Powerline deposits. in
Airstrip - 10 holes
Powerline - 14 holes
Aurex Hill - 6 holes
AurMac 2020 Exploration Program Review
Exploration on the AurMac project consisted of a two-phase diamond drill program focused on the expansion of areas with known mineralization: the Airstrip, Powerline and Aurex Hill Zones. The program ran June to mid-December and culminated with 10,632 m from 57 holes.
At Airstrip, twenty-two (22) diamond drill holes totalling 4,554 m targeted step-out drilling along strike and down dip, eight (8) diamond drill holes totalling 1,178 m tested previously un-drilled areas within the conceptual pit of the resource and two (2) diamond drill holes totalling 355 m represented dedicated metallurgical test holes.
Phase 1 drilling at Airstrip included drill holes MQ-20-65 through to MQ-20-83. Results for this phase of drilling, released on
Phase 2 drilling at Airstrip included drill holes MQ-20-84 through to MQ-20-93. This phase of drilling followed-up on impressive results returned from Phase 1 efforts to the West while also testing with step-out drilling along strike to the East. Results for these holes are pending and are expected to be received in Q1 2021.
Drilling at Powerline consisted of nineteen (19) diamond drill holes totalling 3,657 m - all step-out exploration drilling from the Powerline Deposit
Phase 1 drilling at Powerline included drill holes AX-20-41 through to AX-20-52. Results for this phase of drilling, released on
Phase 2 drilling at Powerline consisted of drill holes AX-20-58 through to AX-20-65. This phase of drilling tested for gold grade continuity along a 500 m North-South section at 100 m drill spacing, East of the Powerline Deposit. Results for this phase of drilling remain pending and are expected to be received in Q1 2021.
Drilling at the Aurex Hill consisted of five (5) diamond drill holes totalling 888 m and were designed to test a strong and previously un-tested Au-in-soil anomaly of approximately 1,000 m by 400 m areal extent. Results for all Aurex Hill drill holes are pending and are expected to be received in Q1 2021.
Analytical Method
All drill core splits collected from the 2020 AurMac drill program were analysed at
All soil samples were collected from a well-developed B-horizon at depths between 10 cm and 40 cm. Samples were placed in a Kraft paper bag and labeled with their UTM grid position. Samples were dried and then analysed using a Niton XL5 portable XRF. A subset of soil samples selected, using a portable XRF, from the 2020 Nitra exploration were analysed at
COVID-19 Update
Banyan has taken proactive measures to protect the health and safety of our employees and communities from COVID 19 and exploration activities in 2021 will have additional safety measures in place, following and exceeding all the recommendations made by the
About Banyan
Banyan's primary asset AurMac is adjacent to
The 173 km2 AurMac Property lies 30 km from Victoria
Contact:
Tel: (888) 629-0444
Email: tchristie@banyangold.com
CAUTIONARY STATEMENT
This news release contains forward-looking information, which is not comprised of historical facts. 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, 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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