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Banyan Gold Corp.

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Summary

Project:

Hyland

Deposit:Hyland
Location:Canada
Commodities:Gold-Silver
Date:8/10/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:10-8-2016: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Summary of recently completed exploration work on property. This report summarizes exploration work performed on the Hyland Gold Pro
Resources:(Resource, Inf.): 12.5Mt @ 0.90g/t Au, 5.59g/t Ag at Hyland (2012 estimate)
CP/QP:[Resources]: Allan E. Armitage (GeoVector Management Inc.)
ABSTRACT:This report summarizes exploration work performed on the Hyland Gold Project in southeast Yukon. It is an update of an independent National Instrument 43-101 Technical Report written for Banyan Coast Capital Corp., now Banyan Gold Corp., by Armitage and Gray (2012b) dated November 2, 2012 and filed on SEDAR. It incorporates a previously reported mineral resource estimate from the 2012 Technical Report, a revised and updated summary of geochemical, geological, geophysical exploration and drilling conducted on the property, an updated review of the exploration history, a discussion of the Deposit Model and its significance for exploration potential of the Project, and Recommendations for further work. Hyland Gold Project is an advanced gold prospect located in the Watson Lake Mining District of southeast Yukon, approximately 74 kilometres northeast of the community of Watson Lake. It consists of 927 claims totaling 18,620 hectares and contains two areas of noteworthy gold mineralization, the Main Zone and the Cuz Zone as well as two other areas of significant exploration interest termed the Camp Zone and the Montrose Ridge Zone. Banyan Gold Corp. has earned a 100% interest in the property subject to various NSR agreements in favour of previous operators.

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