For thousands of other reports visit RSC's Mineral Intellingence Map
Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2018: Banyan Gold Corp. announces a Resource Estimation report for its Main Zone deposit at the Hyland project. Mineral resource update for the Main Zone at the Hyland Gold project. BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce | |
| 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: | [Resources]: Allan Armitage (SGS Canada Inc.) | |
| ABSTRACT: | BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce an updated NI 43-101 Mineral Resource Estimate on the Main Zone, at its Hyland Gold Project (“Hyland” or the “Project”), located 74 km east of Watson Lake, Yukon. The compiled results of the 2016 – 2017 drill programs, a 2016 Property-wide LIDAR Survey and ground based drill-hole location/survey work have enabled the Company to increase and improve the Mineral Resource Estimate on the Main Zone. Concurrently, the work resulted in a new geological model based on combined structural and geological controls where gold+silver mineralization preferentially develops within the brittle quartzite units, opening potential mineralization continuity at the Main Zone on all sides and to depth. In addition, Banyan’s recently released impressive leaching kinetics (see news release dated March 13, 2018) demonstrate the Main Zone is potentially amenable to an open-pit, heap leach style processing method. Hyland’s Indicated Mineral Resource has increased to 8.6 million tonnes grading 0.85 g/t gold equivalent (“AuEq”) for 236,000 AuEq ounces with an Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces at a 0.3 g/t AuEq cut-off. “Banyan is delighted with the increase in both confidence and overall extent of gold ounces at the Hyland Main Zone from the previous Resource Model”, stated Tara Christie, President and CEO. Based on Banyan’s additional 2016/17 diamond drilling at the Main Zone, a 100% increase in tonnage in the indicated resource category was established as well as an increase of 15% in the Inferred resource. | |
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