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Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Hyland | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2017: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling Results incl. 66.6m @ 0.73g/t Au, 61 g/t Ag from 0m. BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce r | |
| Resources: | (Resource, Inf.): 12.5Mt @ 0.9g/t Au, 5.59g/t Ag for 361koz Au contained at project | |
| CP/QP: | [Overall Report]: Paul D. Gray (Internal) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce results from the next four holes of its 2017 Exploration Program at its 100% owned Hyland Gold Project (the “Property”) in the Yukon’s preeminent Selwyn Basin District. The 2017 Hyland exploration program was completed at the end of September and culminated with a total of 3,847 metres of diamond drilling from 25 drill holes focused on in-fill, step-out exploration and dedicated metallurgical drilling concentrated on the Hyland Gold Main Zone gold-silver deposit. This year’s exploration efforts were focused on increasing confidence in the Main Zone Resource* model as well as targeting resource expansion via testing the northern portion of the Main Zone, a previously under-tested zone prospective for the continuation of the Main Zone gold-silver mineralization. Tara Christie, President & CEO, stated “HY17-068 is 100 metres north from the last drill section utilized in the 2012 Hyland Main Zone resource model and bolsters the results previously reported on this section from hole HY17-065. More importantly, this year’s results demonstrate continuation of onsurface, oxide mineralization to the north and to depth; both of which correlate well with our understanding of this predicable and continuously mineralized near-surface Main Zone gold-silver deposit.” These results are from a largely untested drill area to the north of the Main Zone targeting previous trench and soil results and demonstrate the extent of the known mineralization. Interpretation of drill holes assays on sections indicate the continuation of the antiformal control of the mineralization observed in the Main Zone with HY17-069 and HY17-068 intersecting the western limb and hinge zone, respectively. | |
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