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Banyan Gold Corp.
Summary
| Project: | Aurex-McQuesten | |
|---|---|---|
| Deposit: | Aurex-McQuesten | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-9-2017: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Aurex-McQuesten deposit at the Aurex-McQuesten project. Drilling results incl. 157.0m @ 0.6g/t Au, 1.1g/t Ag from 0m. BANYAN GOLD CORP. (“Banyan” or the “Company”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul D. Gray (Internal) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to release additional results from the next two holes on the recently completed Phase I ten-hole diamond drill campaign on the Aurex-McQuesten Property. Of particular note was drillhole MQ17-026 which returned 157 m of 0.6 g/t gold over the entire length of the hole, from zero to 157 metres, confirming that broad gold mineralization with a surface expression exists at the McQuesten Zone. Within that hole an intercept of 22.1 metres of 1.4 g/t gold was returned from 56.4 to 78.5 metres. Additional notable intervals from hole MQ17-026 include 1.3 meters of 6.8 g/t gold from 26.9 to 28.2 metres and 1.9 metres of 5.1 g/t gold from 126.2 to 128.1 metres. Results from these two additional diamond drill holes that targeted the main McQuesten showing area are presented in the summary table below. “We are extremely pleased with these initial results returning anomalous, near-surface gold values in every hole on the first ever mineral exploration project on the combined Aurex-McQuesten Property. Now that we are armed with more geological information on the structural and lithological controls we look forward to planning and executing the next exploration programs for these properties which will focus on expansion of the mineralized zone.” stated Tara Christie, President and CEO. The McQuesten showing area is an approximately 1,000 metre x 400 metre wide zone of known near-surface gold and silver mineralization, where previous exploration results include drill intercepts of up to 120 m grading 1.36 g/t Au with intervals of up to 1.5 m grading 8.89 g/t Au (see Company news release dated May 25, 2017) and also more recent results of 2.62 g/t Gold over 3.1 metres, including 9.98 g/t Gold over 0.6 m from hole MQ17-024 (see Company press release dated August 28, 2017). | |
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