For thousands of other reports visit RSC's Mineral Intellingence Map
Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Hyland | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2018: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling results incl. 85.0m @ 0.73g/t Au, 5.61g/t Ag from 0.0m. BANYAN GOLD CORP. (“Banyan” or “The Company”), is pleased to announ | |
| Resources: | (Resource): 8.637Mt @ 0.78g/t Au, 7.04g/t Ag (Ind.) + 10.784Mt @ 0.77g/t Au, 5.32g/t Ag (Inf.) | |
| CP/QP: | [Overall Report]: Paul Gray (Internal) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan” or “The Company”), is pleased to announce the results from the 2018 eleven (11) diamond drill hole program at its 100% owned Hyland Gold Project (the “Property”) in the Yukon’s emerging Selwyn Basin District. Highlighted results from, HY18-076 to HY18-077, both located approximately 50 metres from the northern limit of the Hyland Main Zone Resource include. In total, 1.25 km of previously untested, strike extent of the Main Zone was the target of the diamond drill hole program. The exploration campaign consisted of 1,360 metres of HQTW sized diamond drilling completed from 10 drill pads. The diamond drilling was conducted in unison with a surface trench program (results announced in a News Release dated September 17, 2018) and together targeted the projected near surface extension of the shallowly dipping upper limb of the Main Zone Resource* towards delineation of the hinge location for targeting resource expansion in future drilling programs. “The 2018 Hyland Gold exploration program successfully demonstrated continuity of gold-silver mineralization between the existing Main Zone Resource and Banyan’s Camp Zone discovery”, stated Tara Christie, President and CEO. “The program resulted in the highest grade gold intersection discovered to date from the Property (14.5 g/t over 1.52 m, only 50 metres from the limit of the 2017 Main Zone Resource), and the results demonstrate the Quartz Lake Corridor is consistently mineralized and validate the near surface strike extent model the program was designed to test.” The 2018 Hyland program ran from June 18 through July 17, 2018 and was focused on the establishment of mineralization continuity between the current N.I. 43-101 resource* at the Main Zone and the recently discovered Camp Zone. The drill results have served to confirm the extension of mineralization for a full 1,250 m north of the current resource at the Main Zone along the Quartz Lake Corridor. The style of gold-silver mineralization encountered in this campaign has been noted within the Main Zone and furthermore exhibits a similar ~1:4 Au:Ag ratio; indicating persistent Main Zone style mineralization towards the Camp Zone. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report