Banyan Gold Files Technical Report for AurMac Property, 6.2 Million Ounce Updated Mineral Resource Estimate, Yukon, Canada
VANCOUVER, BC / ACCESSWIRE / July 7, 2023 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) announces the filing of the Technical Report to support the Updated Mineral Resource Estimate ("Mineral Resource") in accordance with …
VANCOUVER, BC / ACCESSWIRE / July 7, 2023 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) announces the filing of the Technical Report to support the Updated Mineral Resource Estimate ("Mineral Resource") in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") for the AurMac Property. The AurMac Property is located in the Mayo Mining district, approximately 40 kilometres ("km") northeast from the village of Mayo, Yukon and 356 km north of Whitehorse, Yukon (the "AurMac Property"). The Technical Report was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., Tawnya Thornton, P.Eng., of JDS Energy & Mining Inc. and Deepak Malhotra, PhD., of Forte Dynamics. The Technical Report is available for review on SEDAR at www.sedar.com and on the Company's website at www.banyangold.com.
As announced on May 24, 2023, the Updated AurMac Mineral Resource comprises a total inferred mineral resource of 6,181,000 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
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Table 1: Pit-Constrained Inferred Mineral Resources - AurMac Property
Deposit |
Gold Cut-Off (g/t) |
Tonnage |
Average Gold Grade (g/t) |
Contained Gold (koz) |
Airstrip |
0.25 |
41.2 |
0.68 |
897 |
Powerline |
0.25 |
197.4 |
0.61 |
3,840 |
Aurex Hill |
0.30 |