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Banyan Gold Corp.
Summary
| Project: | Aurex-McQuesten | |
|---|---|---|
| Deposit: | Powerline Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-9-2019: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Powerline Zone deposit at the Aurex-McQuesten project. Drilling results incl. 85.8m @ 0.48g/t Au from 11.7m. BANYAN GOLD CORP. (“Banyan” or “The Company”), is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Gray (Not stated) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan” or “The Company”), is pleased to announce results from the first four diamond drill holes from the recently completed drill campaign on the Powerline Zone on the Aurex-McQuesten property, Yukon. The first four holes of the eight-hole, two trench program across the Aurex-McQuesten property targeted the Powerline Zone, an undrilled area one kilometer south of the main McQuesten Gold Zone, on the Aurex Claim block. Highlights from the Powerline discovery drillholes include consistent, long intervals of approximately 0.5 g/t Au from surface (as at the McQuesten Showing) punctuated by higher-grade intervals. “The successful drill testing of this area now greatly increases the mineralized tonnage potential of the Aurex-McQuesten claim block” stated Christie, President and CEO. “The results from the four Powerline drill holes demonstrate the geological model developed by Banyan can be used to identify new targets that have the potential to host near-surface gold mineralization with economic potential. The Powerline target is immediately adjacent to the year-round accessible Silver Trail Highway, a three-phase power line and a Yukon Energy Corporation switching station that delivers power to the Eagle Gold Mine. The long intercepts from surface are similar to what we see at Victoria Gold’s Eagle project” | |
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