Precious metals explorer Banyan Gold has released the drill results from its Aurex-McQuesten gold project in the Yukon.
Banyan Gold (TSXV:BYN) has released the drill results from its Aurex-McQuesten gold project in the Yukon.
As quoted from the press release:
Banyan is pleased to announce assay results from the seven diamond drill-holes collared in the Phase 2, 2019 exploration campaign at the Powerline Zone on the Company’s Aurex-McQuesten Gold Project near Mayo, Yukon. These seven (7) holes totaled 871 metres as step-out drill fences from the Powerline Discovery holes (See company News Release of September 3, 2019); and defined broad intervals of near- and on-surface gold mineralization akin to the Airstrip Zone located just over 1 kilometer north of Powerline.
Powerline Zone mineralization has been shown to be similar to the Airstrip Zone with broad sub-gram gold intervals; however, within these near-surface intervals, higher grade horizons are evident and provide compelling targets for exploration follow-up.
“Gold mineralization at the newly discovered Powerline Zone is extensive, starting from surface and is open in all directions from the limited 250 meter by 250 metre area drill tested to date. The gold grade increasing to the north, in hole AX-19-39, is highly encouraging”, stated Tara Christie, President and CEO of Banyan. “These latest results have greatly aided interpretation of lithology, structure and gold mineralization controls in this new zone. The goal of the 2019 program was to build potentially open-pit extractable gold ounces at both the Powerline and Airstrip Zones, located only one kilometre from each other; and that has been successfully achieved.”