Banyan Gold jumps on step out drilling results
Banyan Gold traded up after announcing yesterday that it confirmed district scale mineralization trend of over five kilometres on the AurMac Property in the Yukon.
Hole AX-22-365 intersected a broad zone of gold mineralization from surface in a two km step-out east of the Aurex Hill deposit, stated the company adding that the results fit within the current interpretation of the mineralization controls on the property Banyan is up 12.5% for the week at 45 cents a share. Banyan's property is near Victoria Gold, a gold producer in the Yukon.
“Gold mineralization at AurMac is now demonstrated to exist in over five km of East-West strike and remains open,” stated Tara Christie, President & CEO of Banyan. “This two km step out east of the defined Aurex Hill deposit shows there is considerable potential to continue to add ounces at AurMac, particularly to the East as this deposit appears to have excellent continuity across the length of the Property.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold to leave behind its $1,700-$2,000 range, eyes on gold-copper ratio as Fed pivots
Read more »
Barrick tables Q4 results as gold price jumps – Canadian InvestorBarrick tables Q4 results as gold price jumps CanadiansInvest
Read more »
Gold price jumps to new daily highs above $1,920 as U.S. retail sales disappoint in December
Read more »
Gold is a 'mainstay' asset for the next 3 years - BofA
Read more »
Yamana exceeds annual guidance with 1,005,770 gold equivalent ounces produced in 2022A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Fortuna Silver reports record production of 401,878 gold equivalent ounces in 2022A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »