“The updated resource estimate comprises a total inferred mineral resource of 3.99 million oz. gold grading 0.6 grams per tonne, held in 207 million tonnes”.
The pit-constrained resource draws from three near/on-surface deposits, including the Airstrip, Powerline and Aurex Hill deposits.
“This is just a stepping stone,” said Christie. “We’ve since drilled 17,000 meters here in 2022, targeting higher grade on-surface ounces.”
The strategy is to continue expanding the resource base while looking for higher-grade starter pit areas. “We think we can get this up to tier-one status, which for the majors is plus five million oz. by the fall,” she said.
Located in the Mayo Mining District, about 56 km northeast of the town of Mayo, the project has good access to infrastructure, including a powerline with ample capacity.
“This resource estimate demonstrates the value generated by Banyan with 40,000 m of drilling…
