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Banyan Gold Corp.
Summary
| Project: | Hyland | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 1/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2018: Banyan Gold Corp. announces an Exploration/Drilling Update report for its Main Zone deposit at the Hyland project. Drilling results incl. 70m @ 0.8g/t Au, 6.6g/t Ag from 0m. BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce ad | |
| 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 additional results from the exploration drill holes of its 2017 Program at its 100% owned Hyland Gold Project (the “Property”) in the Yukon’s preeminent Selwyn Basin District. The results from holes HY17-070 to HY17-075 continue on the successful process of testing for and building out gold ounces within the Main Zone gold+silver target while extending the known Main Zone mineralization north of the existing Resource* Tara Christie, President & CEO, stated “Diamond drill hole HY17-072 was the most northerly hole from the 2017 campaign and succeeded in demonstrating gold+silver mineralization continues more than 300m north of the 2012 Main Zone resource. The Company believes these results, when combined with the 2016 and 2017 drill data, will add to a meaningful updated Hyland Main Zone Resource, which is currently underway.” These drill holes of the 2017 program targeted anomalous gold+silver mineralization uncovered by early program surface trenches, north of the Main Zone. Drill holes HY17-070 and HY17-071 defined mineralization to the north following the upper limb of the interpreted antiform. HY17-072 was a 150m step-out hole north from other 2017 drilling and approximately 300m north from the historic Main Zone Resource* and has established Main Zone like grades including 0.4g/t Au and 0.1g/t Ag over 13.9m. All holes intercepted anomalous gold-silver mineralization in the interpreted upper and lower limbs of the hosting antiformal structure related to sulphide-bearing, siliceous altered rocks, typical of mineralization observed in the Main Zone. | |
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