Additionally, Banyan has also commenced further metallurgical work, engineering and environmental baseline programs to advance the Project to support future economic studies and permit applications.
Highlights: Diamond drilling up to 5,000 meters ('m') strategically focused on potential economic drivers including:
Demonstration of higher-grade mineralization and grade continuity in potential starter pits on the Powerline Deposit, Testing mineralized structures and lithological horizons that control the east-west grade-continuity within the Powerline deposit
Targeted holes to demonstrate scale of and continued expansion of mineral resources at Powerline and Airstrip Deposits
Test areas identified for potential infrastructure
Metallurgical work to continue to optimize the three conventional mining process flowsheets identified from successful Phase 1 metallurgy program, including
Continuation of internal scoping level engineering for
Environmental baseline studies
'AurMac is well positioned in this current gold price environment with a 7 million ounce gold Resource, with near surface mineralization and with existing road and hydro power infrastructure on the Property,' stated
2024 Exploration Update
Banyan plans to initiate its 2024 exploration program in
Metallurgy Program Update
Banyan has commenced additional follow-up metallurgical studies with
Internal Project Scoping and Engineering
Banyan has been working with engineering consultants to initiate internal scoping and engineering investigations to support the evaluation of the three conventional mining processes including CIP/CIL, flotation, and heap leaching, identified in the
Environmental Baseline Update
Banyan has been conducting environmental baseline studies for the
Upcoming Events
Eastern US Roadshow -
About Banyan
Banyan's primary asset, the
The 173 square kilometres ('sq km')
The inferred MRE for the
Contact:
Tel: 778 928 0556
Email: tchristie@banyangold.com
CAUTIONARY STATEMENT:
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend(s)', 'believe', 'potential' and 'continue' or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's plans for exploration and future economic studies, and statements regarding exploration expectations, prospectivity of the Company's property interests, potential mining processes, pricing assumptions and costs ease and confidence in increasing ounces, exploration or development plans and timelines; mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the estimation of mineral resources and the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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