Banyan Gold Corp. is focused on advancing and de-risking its 7.0 million ounce (Table 1 below) AurMac Gold Project (the “AurMac Project”) in the Yukon, Canada’s newest and rapidly growing mining district.
The AurMac Project hosts structurally controlled, intrusion related gold mineralization. It is located in the Mayo Mining District of central Yukon, approximately 40 km north of the community of Mayo, Yukon, approximately 25 km to Victoria Gold Corp’s open-pit heap leach Eagle Gold mine and adjacent to the Keno Hill Silver District operated by Hecla Mining Company (previously Alexco Resource Corp.). The AurMac Project consists of 988 claims totaling approximately 173 km2 and contains three (3) Deposits: the Airstrip, Powerline and the Aurex Hill Zones. It benefits from exceptional infrastructure with the main Yukon highway just off the main access road, a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage.
On February 7, 2024, a new Mineral Resource Estimate (“MRE” or “Mineral Resource”) was issued in accordance with National Instrument 43-101, Standards for Disclosure for Mineral Projects (“NI 43-101”) for the AurMac Property comprised of a total inferred mineral resource of 7,003,000 ounces of gold at 0.63 g/t Au on the road accessible AurMac Property (refer to News Release of February 7, 2024). A NI 43-101 Technical Report supporting the Mineral Resource Estimate was filed on SEDAR on March 18, 2024.
Table 1: Pit-Constrained Inferred Mineral Resources – AurMac Project(1)(2)(3)(4)(5)
Deposit |
Gold Cut-Off g/t |
Tonnage Tonnes |
Average Gold Grade g/t |
Gold Content oz. |
Inferred |
||||
Airstrip |
0.30 |
35,243,000 |
0.75 |
845,000 |
Powerline1 |
0.30 |
312,243,000 |
0.61 |
6,158,000 |
Combined Inferred |
0.30 |
347,486,000 |
0.63 |
7,003,000 |
|
Notes to Table 1:
To view the interactive 3D map and tour of the of the AurMac Project, please go to: https://banyangold.com/projects/aurmac/
In addition, Banyan also holds the Hyland Project, located in the Watson Lake Mining District in the southeast Yukon, approximately 74 km northeast from the town of Watson Lake within the traditional territory of the Kaska Dena Nation (Liard First Nation). The Hyland Project consists of 927 active Yukon registered quartz mineral claims totalling over 18,620 hectares in area that is road accessible from Watson Lake.
The Hyland Project technical report was filed in May 2018 pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The report indicated mineral resource of 8.6 million tonnes grading 0.85 gram per tonne gold equivalent (AuEq) for 236,000 AuEq ounces with an inferred mineral resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces at a 0.3 g/t AuEq cut-off. This resource is located in its entirety on what is known as the “Main Zone”, is open in all directions and at depth, and has the potential to host a multi-million ounce deposit. Please see Hyland Project for further details.
*The technical reports can be viewed under Banyan’s profile on the SEDAR website at www.sedar.com or Banyan’s website at www.banyangold.com.