Banyan Gold (TSXV:BYN) Reports Results From Powerline and Aurex Hill Deposits, Intersecting 1.02 g/t gold over 34.8 Metres

Banyan Gold (TSXV:BYN) has announced new analytical results from 37 diamond drill holes collared during the 2022 exploration program for the Aurex Hill and Powerline deposits at its AurMac Property in Yukon.

Figure 1: Aurex Hill Drill Hole Locations, showing historic and Banyan completed diamond drill holes. Source: Banyan Gold

The results are consistent with the previous drill results at both deposits and confirm and expand the areal extent of the interpreted gold mineralization. Power and Aurex hill are contained in a metasedimentary package that consists mainly of schists, quartzites, and limestones from the late Proterozoic to Cambrian Hylan Group. The company chiefly associates the gold mineralization with low-angle quartz-sulfosalt-arsenopyrite veins, which crosscut all lithologies. This has been interpreted to be associated with a large intrusion-related gold system that has been typical of the Selwyn Basin and Tombstone Gold Belt deposits. Banyan has also identified a strong bismuth-gold association at AurMac, which is being used to establish possible new exploration vectors.

Tara Christie, President & CEO of Banyan Gold, commented in a press release: “2022 drill results continue to expand the extent of near/on-surface gold mineralization at the Powerline and Aurex Hill Deposits. Both deposits remain open and these most recent results received have demonstrated two notable mineralized trends in Aurex Hill.”

Figure 2: West Powerline Drill Hole Locations, showing historic and Banyan completed diamond drill holes. Source: Banyan Gold

Highlights from the results are as follows:

62.2 metres (“m”) of 0.59 g/t Au from 269.5 m in DDH AX-22-306
32.5 m of 0.69 g/t Au from 52.4 m in DDH AX-22-312
45.4 m of 0.57 g/t Au from 115.8 m in DDH AX-22-321
47.7 m of 0.70 g/t Au from 47.7 m in DDH AX-22-323
46.9 m of 0.65 g/t Au from 149.4 m in DDH AX-22-333
66.5 m of 0.36 g/t Au from surface (4.6 m) in DDH AX-22-341
34.8 m of 1.02 g/t Au from 153.9 m in DDH AX-22-346
42.9 m of 0.80 g/t Au from 100.0 m in DDH AX-22-354
63.8 m of 0.69 g/t Au from 160.2 m in DDH AX-22-357
55.5 m of 0.45 g/t Au from 121.9 m in DDH AX-22-358
144.8 m of 0.30 g/t Au from 12.2 m in DDH AX-22-360
143.2 m of 0.31 g/t Au from 18.3 m in DDH AX-22-362

Table 1: Highlighted Powerline and Aurex Hill Diamond Drill Analytical Results. (Maps, sections and full assay results will be made available on Banyan’s website).

Hole ID	From (m)	To (m)	*Interval (m)**	Au (g/t)
AX-22-287	117.4	239.8	122.4	0.20

AX-22-297	60.8	68.6	7.8	0.36
and	120.4	124.9	4.5	0.41
and	154.8	191.8	37.0	0.33

AX-22-300	89.4	98.5	9.1	0.23
and	167.4	176.2	8.8	0.30
and	200.0	202.9	2.9	0.79
and	224.8	268.6	43.8	0.30

AX-22-306	174.9	202.0	27.1	0.40
and	269.5	331.7	62.2	0.59

AX-22-307	142.5	159.5	17.0	0.24

AX-22-309	91.4	96.0	4.6	0.23
and	106.7	154.8	48.1	0.23
and	192.3	230.1	37.8	0.24

AX-22-312	52.4	84.9	32.5	0.69
and	166.6	193.3	26.7	0.25

AX-22-318	166.1	191.3	25.2	0.50

AX-22-321	39.6	54.9	15.3	0.41
and	115.8	161.2	45.4	0.57
and	214.3	227.1	12.8	0.22
and	241.6	257.3	15.7	0.20

AX-22-323	46.2	53.3	7.1	0.22
and	83.8	131.5	47.7	0.70
and	260.3	263.7	3.4	0.58

AX-22-324	48.5	73.8	25.3	0.27
and	180.1	195.1	15.0	0.23

AX-22-325	8.5	29.4	20.9	0.27
and	43.3	52.1	8.8	0.56

AX-22-330	84.9	94.1	9.2	0.43
and	177.7	185.9	8.2	0.27
and	198.1	211.8	13.7	0.33

AX-22-332	40.0	49.0	9.0	0.45
and	142.5	150.8	8.3	0.64
and	202.6	220.4	17.8	0.32
and	263.7	332.2	68.5	0.24

AX-22-333	54.0	90.9	36.9	0.36
and	121.9	135.0	13.1	0.38
and	149.4	196.3	46.9	0.65

AX-22-334	20.7	24.6	3.9	0.57
and	146.3	152.4	6.1	0.26
and	167.9	172.9	5.0	0.39

AX-22-335	9.5	44.2	34.7	0.27
and	55.5	61.5	6.0	0.33
and	74.5	80.8	6.3	0.22

AX-22-340	39.6	54.9	15.3	0.37
and	67.1	95.3	28.2	0.31
and	102.8	137.2	34.4	0.33
and	149.4	180.7	31.3	0.27

AX-22-341	4.6	71.1	66.5	0.36

AX-22-342	96.0	122.5	26.5	0.44
and	240.8	254.4	13.6	0.77

AX-22-343	1.5	25.9	24.4	0.42
and	35.1	65.6	30.5	0.37
and	99.0	146.3	47.3	0.31
and	185.9	197.5	11.6	0.40

AX-22-344	9.1	36.6	27.5	0.23

AX-22-345	93.9	101.8	7.9	0.32
and	150.8	165.0	14.2	0.87

AX-22-346	4.3	18.9	14.6	0.38
and	41.1	55.7	14.6	0.79
and	153.9	188.7	34.8	1.02

AX-22-347	156.3	190.5	34.2	0.35

AX-22-348	18.1	49.0	30.9	0.58
and	71.7	80.4	8.7	0.88
and	172.2	185.9	13.7	0.43

AX-22-349	100.6	120.1	19.5	0.26

AX-22-351	175.7	200.4	24.7	0.22

AX-22-352	14.9	44.2	29.3	0.31
and	71.3	82.4	11.0	0.25
and	123.9	185.2	61.3	0.24

AX-22-353	187.4	220.8	33.4	0.20
and	245.4	297.2	51.8	0.20

AX-22-354	4.6	36.6	32.0	0.22
and	100.0	142.9	42.9	0.80

AX-22-355	12.1	59.4	47.3	0.27
and	152.5	158.5	6.0	0.39
and	185.5	217.9	32.4	0.23

AX-22-357	0.5	7.6	7.1	0.24
and	15.3	29.0	13.7	0.20
and	50.3	88.4	38.1	0.20
and	160.2	224.0	63.8	0.69

AX-22-358	4.6	48.0	43.4	0.26
and	121.9	177.4	55.5	0.45
and	192.0	208.2	16.2	0.42

AX-22-360	12.2	157.0	144.8	0.29

AX-22-362	18.3	161.5	143.2	0.31

AX-22-369	3.1	132.1	129.0	0.24

*True widths are estimated to be approximately 90% of drilled intervals.

Table 2: Drill Collar Location for Released Results

Collar ID	East NAD83_Z8	North NAD83_Z8	Elev. (m)	Azimuth	Dip (°)	Depth (m)
AX-22-287	466396	7083706	729	003	-60	271.3
AX-22-297	466099	7082802	734	001	-60	296.7
AX-22-300	466105	7082898	733	004	-62	307.9
AX-22-306	466005	7082807	730	360	-58	350.5
AX-22-307	465898	7082903	726	007	-56	256.0
AX-22-309	465898	7082798	725	008	-60	277.4
AX-22-312	465998	7083095	722	357	-62	283.5
AX-22-318	469662	7082500	995	355	-58	210.3
AX-22-321	465899	7083099	717	355	-53	299.2
AX-22-323	465797	7083105	708	008	-62	289.6
AX-22-324	469270	7082902	972	357	-64	205.7
AX-22-325	469328	7081900	972	358	-59	233.2
AX-22-330	469102	7082402	984	004	-62	236.5
AX-22-332	465800	7082897	723	001	-57	345.9
AX-22-333	469095	7082516	980	359	-63	200.6
AX-22-334	469096	7082899	956	358	-60	193.9
AX-22-335	469099	7082596	976	001	-61	209.1
AX-22-340	468997	7082503	972	004	-60	192.0
AX-22-341	469003	7082605	965	357	-59	222.5
AX-22-342	465699	7083099	702	353	-58	286.5
AX-22-343	469006	7082701	957	002	-60	207.3
AX-22-344	469005	7082802	953	356	-60	213.4
AX-22-345	465698	7083203	700	003	-59	248.4
AX-22-346	468899	7082603	954	347	-59	210.3
AX-22-347	465601	7083203	697	011	-58	309.4
AX-22-348	468901	7082691	947	006	-60	202.7
AX-22-349	468903	7082798	941	003	-61	202.7
AX-22-351	469000	7082904	946	044	-59	243.8
AX-22-352	468800	7082703	933	348	-61	201.2
AX-22-353	465597	7083001	703	359	-57	303.3
AX-22-354	468697	7082606	926	006	-60	201.2
AX-22-355	468598	7082303	929	359	-60	220.1
AX-22-357	468603	7082190	934	002	-61	227.1
AX-22-358	468606	7082105	941	003	-58	253.2
AX-22-360	468602	7082006	944	005	-60	222.5
AX-22-362	468702	7082002	955	358	-61	233.2
AX-22-369	468803	7082004	965	359	-62	235.3

Table 3: Pit-Constrained Inferred Mineral Resources – AurMac Property

Deposit	Gold Cut-Off g/t	Tonnage M Tonnes	Average Gold Grade g/t	Gold Content k oz
Airstrip	0.2	42.5	0.64	874
Powerline	0.2	152.0	0.59	2,898
Aurex Hill	0.3	12.5	0.53	215
Total Combined	0.2 – 0.3	207.0	0.60	3,990

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.


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