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Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Hyland | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2016: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling results incl. 143m @ 0.5g/t Au, 12.2g/t Ag from 0.0m. BANYAN GOLD CORP. (“Banyan”) is pleased to announce results from the | |
| Resources: | (Resource, Inf.): 12.5Mt @ 0.9g/t Au, 5.59g/t Ag (0.6g/t AuEq cut-off) | |
| CP/QP: | [Overall Report]: Paul D. Gray (Internal) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan”) is pleased to announce results from the 2016 Hyland Gold Project diamond drill program. The drill program targeted in-fill and extension of the Main Zone gold-silver deposit. Each of the three holes drilled in 2016 returned long intervals of Main Zone mineralization including: 30.7 metres of 1.30g/t Au and 8.0 g/t Ag from 18.3 to 49.0 metres (drill hole HY-16-48); 27.1 metres of 1.02 g/t Au and 16 g/t Ag from 24.4 to 51.5 metres (drillhole HY-16-49); and 35.7 metres of 1.00 g/t Au and 2.5 g/t Ag from 76.0 to 111.6 metres (drill hole HY-16-10). The 2016 drill results have further confirmed the structure and continuity of the Main Zone gold-silver Resource* and highlight the grade potential at Hyland’s Main Zone. The Main Zone Deposit remains open for expansion to the east, north and to depth. In addition, oxide and sulphide gold-silver mineralization was collected to be utilized for metallurgical recovery test work. “Banyan is excited to report on the first drill holes the Company has drilled in the Hyland Gold Main Zone deposit.” commented Tara Christie, President and CEO. “The exploration focus on Banyan’s flag ship Hyland Gold Project is to continue to demonstrate the property hosts a large, District-Scale mineralized system while also communicating that the 400,000 ounce gold-silver Resource defined on the Property remains expandable. Metallurgical recovery test work on the Main Zone is the next step in the on-going deposit appraisal and these results are expected in the near term.” | |
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