Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Banyan Gold Corp.
Project name: Aurex-McQuesten
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 21.2m @ 3.02g/t Au from 4.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, May 3, 2022 – Banyan Gold Corp. (the “Company” or “Banyan”) (TSXV: BYN) (OTCQB: BYAGF) is pleased to announce the last of the analytical results from the diamond drill holes completed during the Company’s 2021 exploration program at the Powerline deposit (the “Powerline Deposit”) located on the Company’s AurMac Property Results from the final sixteen (16) 2021 drill holes are consistent with previous exploration drill results at the Powerline Deposit (see Tables 1 and 2 and Figure 1) and the areal extent of interpreted gold mineralization from near/on-surface continues to expand with each batch of assay results received (see Figure 1). Visible gold from these holes is shown in Image 1. A video to accompany this news release and additional information is located on our website. The Aurmac Property is comprised of the Aurex and McQuesten properties, as well as claims staked and owned 100% by Banyan Gold. Banyan currently holds 51% of the underlying Aurex and McQuesten Properties with original agreements where Banyan can earn 100% of each property, subject to an NSR, from Victoria Gold Corp. and Alexco Resource Corporation, respectively (See Company news release, May 25, 2017).
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