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Banyan Gold Corp.

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Summary

Project:

Hyland

Deposit:Hyland
Location:Canada
Commodities:Gold-Silver
Date:10/24/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:24-10-2018: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling results incl. 70.7m @ 1.06g/t Au from 10.1m. BANYAN GOLD CORP. (“Banyan” or “The Company”), is pleased to announce analyti
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 analytical results from the first four holes of the recently completed twelve-hole diamond drill campaign on the Aurex-McQuesten Property, Central Yukon. Assays from the first four of twelve diamond drill holes, all of which targeted the down dip extension of the McQuesten Gold Zone on the Aurex-McQuesten Property are presented in the summary table below. The McQuesten Gold Zone represents the surface expression of an approximately 90 metre thick calcareous package that transects the area and is interpreted to host to gold mineralization preferentially within retrograde skarn altered horizons. “The primary goal of the 2018 Aurex-McQuesten Exploration program was to drill test the newly developed geologic model created from detailed review of all historic Aurex-McQuesten drill data combined with results from last season’s inaugural Banyan drill holes on the Property”, stated Tara Christie, President and CEO. “Banyan’s geological model interpreted a 900 metre long by 100 metre calcareous package with the potential to host gold mineralization averaging close to 0.5 g/t Au and the 2018 drill program was designed to test this theory. The results from the first four drill holes from this program achieved this goal and have demonstrated the potential for a near-surface gold mineralized target with economic potential.

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