New Drill Results Boost AurMac Gold Project's Potential
Generado por agente de IATheodore Quinn
lunes, 24 de febrero de 2025, 7:30 am ET1 min de lectura
BYON--
The AurMac Gold Project in Yukon, operated by Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF), has received a significant boost following the release of new drill results from the Airstrip Deposit. The latest results, announced on February 19, 2025, have revealed high-grade gold intercepts, including 15.9 meters of 9.32 g/t Au, with visible gold occurrences. These findings have the potential to enhance the project's overall resource estimate and economic viability.
The 16 drillholes reported in the February 19 news release targeted the eastern portion of the Airstrip Deposit and are part of the 2024 AurMac definition drilling program. These results, combined with previous high grades and tenor from the 2024 drill program, have significantly enhanced the profile of the AurMac deposits. The company plans to complete a Preliminary Economic Assessment (PEA) in 2025, which will consider these new results and provide a more detailed evaluation of the project's economic viability.
Eagle Royalties Ltd. (CSE:ER), which holds a 2% royalty on the Airstrip resource area, has also reported encouraging drill hole intercepts from the Airstrip Deposit. These results, along with metallurgical tests showing promising recovery rates of 93% at Powerline and 90% at Airstrip, further support the potential economic viability of the AurMac project.
The latest drill results from the Airstrip Deposit at AurMac have the potential to enhance the project's overall resource estimate and economic viability. The high-grade zones and visible gold occurrences suggest that the deposit may have significant exploration potential and could lead to resource expansion. As Banyan continues to explore and define the deposit, the inferred resource estimate of 7.0 million ounces of gold (effective February 6, 2024) could potentially be increased.
In conclusion, the new drill results from the Airstrip Deposit at AurMac have the potential to significantly impact the project's overall resource estimate and economic viability. The high-grade zones and visible gold occurrences, along with the promising metallurgical test results, suggest that the AurMac deposit may have the potential for resource expansion. As Banyan continues to explore and define the deposit, investors should keep a close eye on the project's progress and the upcoming PEA in 2025.
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TSVT--
The AurMac Gold Project in Yukon, operated by Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF), has received a significant boost following the release of new drill results from the Airstrip Deposit. The latest results, announced on February 19, 2025, have revealed high-grade gold intercepts, including 15.9 meters of 9.32 g/t Au, with visible gold occurrences. These findings have the potential to enhance the project's overall resource estimate and economic viability.
The 16 drillholes reported in the February 19 news release targeted the eastern portion of the Airstrip Deposit and are part of the 2024 AurMac definition drilling program. These results, combined with previous high grades and tenor from the 2024 drill program, have significantly enhanced the profile of the AurMac deposits. The company plans to complete a Preliminary Economic Assessment (PEA) in 2025, which will consider these new results and provide a more detailed evaluation of the project's economic viability.
Eagle Royalties Ltd. (CSE:ER), which holds a 2% royalty on the Airstrip resource area, has also reported encouraging drill hole intercepts from the Airstrip Deposit. These results, along with metallurgical tests showing promising recovery rates of 93% at Powerline and 90% at Airstrip, further support the potential economic viability of the AurMac project.
The latest drill results from the Airstrip Deposit at AurMac have the potential to enhance the project's overall resource estimate and economic viability. The high-grade zones and visible gold occurrences suggest that the deposit may have significant exploration potential and could lead to resource expansion. As Banyan continues to explore and define the deposit, the inferred resource estimate of 7.0 million ounces of gold (effective February 6, 2024) could potentially be increased.
In conclusion, the new drill results from the Airstrip Deposit at AurMac have the potential to significantly impact the project's overall resource estimate and economic viability. The high-grade zones and visible gold occurrences, along with the promising metallurgical test results, suggest that the AurMac deposit may have the potential for resource expansion. As Banyan continues to explore and define the deposit, investors should keep a close eye on the project's progress and the upcoming PEA in 2025.
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