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Banyan Gold jumps on step out drilling results

Kitco News

Kitco News

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 (2) 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.”

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