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Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Hyland | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2017: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling results incl. 121.2m @ 0.41g/t Au, 2.41g/t Ag from 20.5m. BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to annou | |
| 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” or the “Company”) is pleased to announce results from the first four holes of its 2017 Exploration Program at its wholly owned, the Hyland Gold Project (the “Property”) in the Yukon’s emerging Carlin-style district. Tara Christie, President & CEO, states “This year’s $1 million exploration program on the Property is affording Banyan the opportunity to expand the known Inferred Resource of the Main Zone Deposit, and also to further explore the regional scale potential of this very large land package. Rob Carne, P.Geo., who was instrumental in the discovery of the Main Zone in the 1980’s has been involved with the Hyland Gold Project this season and with his guidance we are greatly expanding our understanding of the structure and geological model of the Property and putting that knowledge to use at the end of the drill-bit.” The on-going 2017 diamond drill program is focused on critical in-fill drill holes as well as stepout drilling concentrated on the Hyland Gold Main Zone gold-silver deposit. This year’s exploration efforts are focused on the northern portion of the Main Zone which has experienced only limited testing to date. Challenging topography and a lack of heavy equipment suitable to construct access to this portion of the Main Zone precluded conducting any drilling in this area during previous years. The combination of excavator and bulldozer, which were mobilized to Hyland in 2015 along with the diamond drill and fuel on the Company’s fully permitted winter access road, are the first equipment to be on the Hyland Gold Project capable of opening this area for resource definition drill holes. | |
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