The AX-22-365 crater intersects with extensive surface gold mineralization on a bench two (2) km east of the Aurex Hill mine (Figure 2). The average hole is 0.48 g/t gold at 45.0 meters (“m”) from the surface; this highlights AurMac Property’s rich mineralization system. These results from DDH AX-22-365, combined with drilling results from this year’s Powerline and Aurex Hill drills, indicate the presence of a large mineralization system with a strike length of more than five (5) kilometers (Figure 1). This latest result is consistent with the current interpretation of property mineralization control and is supported by known geological and geophysical explanations.
Banyan President and CEO Tara Christie said: “The gold mineralization at AurMac has now been shown to survive an east-west attack more than five (5) kilometers long and still remains. left open”. significant potential for continued growth in ounces at AurMac, particularly in the east, as deposits appear to have excellent continuity throughout the length of the asset.”
The gold mine is contained in a metasedimentary package consisting mainly of shale, quartzite and limestone from the Late Proterozoic to the Cambrian Hyland Group. The gold mineralization here is mainly associated with low-angle quartz-sulphite-arsenopyrene veins that cross all lithology and have been interpreted to be related to classical large intrusive-associated gold systems. The shape of the Tombstone gold belt and the Selwyn Basin gold mine. A strong bismuth-gold assemblage was discovered at AurMac and is currently being used to set the direction of exploration for the asset.
Discovery Program 2022
Banyan began its 2022 exploration program on January 26 and closed the camp in early December with a total of two hundred and one (211) holes culminating in more than 50,000 meters drilled to expand mineral exploration. around Powerline and Aurex.Seoul mines.
Exploration and development plan in 2023
Banyan’s engineering and management team is developing an exploration and development plan through 2023. Drilling at AurMac will include a 25,000m drilling program Phase 1 will begin in March with three (3) drill runs. The 2023 program will be supported by a site preparation lab, which will reduce analysis time and help with targeting and improving drilling operations during the season.
The 2023 plan will include expanded basic metallurgy, geoengineering and environmental programs.
Analytical methods and quality assurance/quality control measures
All drill core lobes reported in this release have been analyzed by Bureau Veritas in Vancouver, BC using the FA450 aqua regia and fire test gold ICP-MS 36 analyzer AQ200 decomposer. 50g, all models are AAS polished. All core samples were isolated in situ at Banyan’s core processing facility. After separation, half of the sample was returned to the core box and the other half of the separated sample was sealed in a plastic bag partially labeled with a three-part sample label. Samples are transported by Banyan staff or a dedicated carrier to Bureau Veritas’ White Horse Preparation Laboratory, where they are prepared and transported to Bureau Veritas’ Analytical Laboratory in Vancouver, British Columbia for processing. perform the final crushing and chemical analysis. Standard sound system,
The 173 square kilometers (“square kilometer”) AurMac Property is located 30 kilometers from the Victoria Gold’s Eagle project and is adjacent to Hecla Mining’s Keno Hill luxury silver mine. The site is intersected by major highways in the Yukon Territory and the roads leading to the Eagle gold mine filter the exposed piles of Victoria Gold. AurMac Property benefits from three-phase power lines, existing substations and mobile phone coverage. Banyan reserves the right to earn up to interest on Aurex and McQuesten Properties, subject to certain royalties.
The most recent Mineral Resources Estimate for the AurMac property was prepared May 13, 2022, consisting of 3,990,000 ounces of gold (see Table 3), in a tracked, Near Surface Mineral Resource. restricted access, contained in three near-surface deposits/surface deposits Between: Runway, Mount Aurex and power line deposition.
Mineral resources are not economically unviable mineral reserves. Resource estimates may be significantly affected by environmental, licensing, legal, ownership, tax, sociopolitical, marketing, changes in the global gold market or related matters is different.
The Inferential Mineral Resource definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum’s Standard of Definitions (“CIM Definition Standard”) are incorporated by reference to NI 43-101, then followed by NI 43-101. Classification of Mineral Resources in resource estimation. The number and grade of Inferred Mineral Resources reported in this estimate are inherently different from