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Banyan Gold Corp. reports developments tied to its AurMac Project in Canada's Yukon Territory, where the company advances gold exploration and resource definition across deposits including Powerline and Airstrip. Recurring updates include drill results for gold and silver mineralization, mineral resource and technical-study work, and project infrastructure context for the 303-square-kilometre property near Mayo.
Company news also covers capital actions such as private placements and flow-through share financings, management and corporate-development appointments, shareholder voting matters, and other capital-structure disclosures for the TSX Venture- and OTCQB-quoted issuer.
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Banyan Gold Corp has announced the launch of its 2023 exploration program at the AurMac Property in the Yukon, supported by the addition of Brad Thrall as a technical advisor. The program will initiate drilling with three rigs, targeting a total of 25,000 meters aimed at resource expansion. Significant results from 2022 include gold intercepts of 1.13 g/t and 1.48 g/t, highlighting the potential for further discoveries. The AurMac Property contains an updated resource estimate of 3,990,000 ounces of gold. Banyan is also set to participate in industry events to enhance its visibility.
Banyan Gold Corp. announced the results from 57 diamond drill holes from its 2022 exploration program at the Powerline and Aurex Hill deposits on the AurMac Property in Yukon. Key assay results include:
- 31.2 m of 0.84 g/t Au from DDH-22-350
- 30.5 m of 1.48 g/t Au from DDH-22-364
- 78.3 m of 0.48 g/t Au from DDH-22-371
The successful exploration program positions Banyan to advance the AurMac deposit into a potential district-scale resource. The company plans a 25,000 m drilling program in 2023 with the aim to expand gold resources.
Banyan Gold Corp has identified a substantial mineralization trend exceeding five kilometers at its AurMac Property in Yukon Territory. Recent drilling results from hole AX-22-365 revealed an average gold grade of 0.48 g/t Au over 45 meters, indicating significant potential for gold expansion. The company plans a Phase 1 drilling program of 25,000 meters set to commence in March 2023 to further explore this promising area. Additionally, the updated resource estimate for the AurMac Property stands at 3,990,000 ounces. Banyan continues to strengthen its position in the gold market, leveraging its strategic location near existing gold mining operations.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) announced the results from 37 diamond drill holes completed during its 2022 exploration program at the Powerline and Aurex Hill deposits in Yukon. Highlights include:
- 62.2 m of 0.59 g/t Au in DDH AX-22-306
- 32.5 m of 0.69 g/t Au in DDH AX-22-312
- 147.7 m of 0.70 g/t Au in DDH AX-22-323
The results confirm and expand the extent of gold mineralization at both deposits, which remain open for further exploration. The updated resource estimate for the AurMac Property stands at 3,990,000 ounces of gold.
Banyan Gold Corp (OTCQB:BYAGF) has successfully closed a non-brokered private placement financing of $12.2 million to enhance its treasury, aimed at advancing the AurMac Property in 2023. The placement included approximately 12.98 million premium flow-through shares at $0.568 each and 12.02 million common shares at $0.40. Proceeds will fund exploration activities, including over 25,000 metres of diamond drilling. The company also granted 7.75 million stock options to its team, establishing a solid foundation for future growth.