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Banyan Gold Corp.: Banyan Gold Powerline Mineralization Expansion Continues, Including 0.75 G/T Gold Over 45.2 Metres, Aurmac Property, Yukon
Banyan Gold Corp. (the
Banyan ) (
TSXV:BYN) is pleased to announce the results from the next four diamond drill holes received from the 2021 exploration program on the AurMac Property, Yukon. These drill holes represent part of the larger, systematic 100 metre ( m ) spaced step-out grid drilling designed to expand the Powerline Deposit.
Assay highlights from these four 2021 Powerline Zone drill holes results include:
0.75 g/t Au over 46.6 metres from 52.5 m in AX-21-70
0.55 g/t Au over 51.9 metres from surface 115.8 m in AX-21-71
Banyan Gold Corp.: Banyan Gold Issues Incentive Stock Options
Banyan Gold Corp. (the
Banyan ) (
TSXV:BYN) is pleased to announce that the Board of Directors of the Company have granted 3,600,000 stock options to purchase 3,600,000 shares at an exercise price of $0.24 per share, expiring 5 years from the date of the grant. The options have a vesting period of up 18 months.
The stock options are being issued to field employees, consultants, Directors and Officers of the company. The options were granted under and are subject to the terms and conditions of the Company s stock option plan.
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Qualified Person
Paul D. Gray, P.Geo., Vice President of Exploration for the Company, is a qualified person as defined under NI 43-101 and has reviewed and approved the content of this news release.