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Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Hyland | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 10/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-10-2017: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Hyland deposit at the Hyland project. Drilling results incl. 46m @ 1.6g/t Au, 6.5g/t Ag from 138m. BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce re | |
| 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, the Hyland Gold Project (the “Property”) in the Yukon’s emerging Selwyn Basin District. The results from these next four sequential holes, HY17-055 to HY17-058, have begun the process of building gold ounces within the deposit. Highlighted results from these drill holes. These long, continuously mineralized intersections of gold+silver mineralization were punctuated by high-grade intervals such as 1.4 metres of 3.4 g/t Au and 48.5g/t Ag from 85.0 to 86.4 metres in HY17-055 and 2.6 metres of 5.0 g/t Au and 50.3gt Ag from 43.1 metres to 45.7 metres in drill hole HY17-056. The two and half month long 2017 Hyland exploration program has now been completed and culminated in ~4,000 metres from 25 drill holes focused on critical in-fill drilling as well as stepout 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 “These results are highly encouraging as they prove up and expand both the grade and resource model of this deposit. We look forward to continuing to receive additional assay results from this program which will allow for the completion of a new resource calculation in the New Year.” | |
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