Announcement Date: 2022-06-29
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Banyan Gold Corp.
Project name: Aurex-McQuesten
Location: Canada
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, B.C., May 17, 2022, Banyan Gold Corp. (the “Company” or “Banyan”) (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce an updated mineral resource estimate (the “Resource Estimate”) prepared for the Company’s AurMac Property located in the Mayo Mining district, approximately 56 kilometres (‘kms”) northeast from Mayo, Yukon and 356 kms north of Whitehorse, Yukon (the “AurMac Property”). The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ounces of gold (Table 1) on the road accessible AurMac Property. This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. The Resource Estimate is summarized below in Table 1 and shown on Figure 1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Resource Estimate may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
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