Exciting Updates from Banyan Gold: AurMac Project Drilling Commences
Exciting news from Banyan Gold as drilling at AurMac has officially begun, with a focus on the Powerline Deposit. This marks the start of a planned 5,000-meter drill program that will shape future drilling initiatives throughout the year.
Alongside the drilling, Banyan Gold is making strides in metallurgy, engineering, community engagement, and environmental programs at AurMac. Key highlights include a re-interpretation of the project’s structure, the integration of 3D geophysical inversion with geological modeling, and expert advice from industry veteran Henry Marsden on the 2024 drill program.
Community engagement efforts have also been ongoing, with Banyan Gold participating in various initiatives in Mayo, such as career fairs, education projects, and partnerships with local businesses like Yukon Seed and Restoration.
Introducing Henry Marsden, BSc., MSc.
Henry Marsden brings over 40 years of experience in exploration geology to Banyan Gold. His extensive background includes executive roles in exploration and mine advancement. Recently, Marsden served as Senior Vice President of Exploration at Yamana Gold before its acquisition by Pan American Silver and Agnico Eagle. He has been instrumental in the discovery and development of numerous deposits around the world.
Exciting Exploration Results
The first drill hole at AurMac has already shown promising signs, with significant visible gold detected. Banyan President & CEO, Tara Christie, expressed confidence in the continuity of near-surface mineralization based on these early findings.
Stock Options Grant
The Board of Directors has granted 1,250,000 stock options with an exercise price of $0.31 per share and a vesting period of up to 18 months. These options will be distributed to officers, consultants, advisors, and exploration staff of the company.
Meet the Qualified Persons
Paul D. Gray, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the content of this news release. Mr. Gray serves as Banyan Gold’s geological consultant and has verified the data presented.
Upcoming Events
- Invest Yukon Investment Conference & Property Tours – June 21 – 26
- Precious Metals Summit Beaver Creek – September 10 – 13
- Denver Gold Forum Americas – September 15 – 18
About Banyan Gold
Banyan Gold’s primary asset, the AurMac Project, is strategically located adjacent to Victoria Gold’s Eagle Gold Mine in Canada’s Yukon Territory. With an inferred mineral resource estimate of 7.0 million ounces, the project shows great potential for future development.
In addition to AurMac, Banyan Gold also holds the Hyland Gold Project, a promising gold deposit in the Tintina Gold Belt. The company is traded on the TSX-Venture Exchange under the symbol “BYN” and the OTCQB Venture Market under the symbol “BYAGF.”
For more information, visit Banyan Gold’s website or contact the company directly.
Disclaimer:
Neither the TSX Venture Exchange, its Regulation Services Provider, nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information, which is based on the company’s current expectations and may differ from actual results due to various factors.
Source: Banyan Gold Corp.
View the original press release on accesswire.com