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Banyan Gold Corp.

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Summary

Project:

Aurex-McQuesten

Deposit:Aurex-McQuesten
Location:Canada
Commodities:Gold
Date:7/7/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-7-2020: Banyan Gold Corp. announces a Resource Estimation report for its Aurex-McQuesten deposit at the Aurex-McQuesten project. Initial Mineral Resource Estimate for Project. Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc. was contracted
Resources:(Resource, Inf.): 52.5Mt @ 0.535g/t Au (904koz Au)
CP/QP:[Resource] Marc Jutras (Ginto Consulting Inc.)
ABSTRACT:Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc. was contracted by Banyan Gold Corp. (“Banyan”) to complete a mineral resource estimate for the Airstrip Zone and Powerline Zone within the AurMac Project and to prepare a Technical Report written in support of the mineral resource estimate. The reporting of the mineral resource estimate is written in accordance with the disclosure guidelines for mineral resources set out in the NI 43-101 Standards of Disclosure for Mineral Projects (2016). The classification of the updated mineral resource is consistent with CIM Definition Standards - For Mineral Resources and Mineral Reserves (2014). Mr. Jutras is an independent Qualified Person as defined by NI 43-101. This Technical Report will be used by Banyan Gold in fulfillment of their continuing disclosure requirements under Canadian securities laws, including National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The Technical Report is written in support of the mineral resource estimate released by Banyan on May 25, 2020. Banyan reported that the Airstrip Zone contains an Inferred Mineral Resource of 46.0 Mt grading 0.52 g/t gold for 775,000 Au ounces and that Powerline Zone contains and Inferred Mineral Resource of 6.6 Mt grading 0.61 g/t gold for 129,000 Au ounces at a 0.20 g/t Au cut-off grade.

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