Banyan Extends GOLD Mineralization 450 Metres at Hyland GOLD Project, Yukon
BANYAN EXTENDS GOLD MINERALIZATION 450 METRES AT HYLAND GOLD
PROJECT, YUKON
September 17, 2018 TSX-V: BYN
BANYAN GOLD CORP. (“Banyan” or “the Company”), is pleased to announce analytical
results from the surface trench program conducted in conjunction with the 2018 diamond drilling
focused on the area north of the Main Zone of the 100% owned Hyland Gold Project (the
“Property”) in the Yukon’s emerging Selwyn Basin District.
The 2018 exploration program at Hyland was focused on the establishment of mineralization
continuity between the current NI 43 -101 resource* at the Hyland Gold Project Main Zone and
the recently discovered Camp Zone to the North. To this end, eight (8) trenches totaling 1, 184
metres and eleven ( 11) d iamond drill holes totaling 1,29 4 metres were completed . These
collective exploration initiatives combined to successfully extend gold mineralization signatures
between the Main and Camp Zone s and emphasized the importance of brittle deformation to
tenor and extent of gold mineralization.
*The Hyland Main Zone Indicated Gold Resource Estimate, prepared in accordance with NI 43 -101, at a 0.3
g/t gold equivalent cutoff, contains 8.6 million tonnes grading 0.85 g/t 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.
“Surface trenches are an important tool to establish gold mineralization at the Hyland Project,
and the 2018 Hyland Exploration project focused on trenches to demonstrate continuity of
mineralization between the existing Main Zone Resource and Banyan’s Camp Zone discovery”,
stated Tara Christie, President and CEO. “The eight tr enches constructed and sampled this
season have added over 450 metres of prospective ground to the existing Main Zone Resource,
and have clearly demonstrated the Quartz Lake Corridor persists in this area . Banyan is
confident the forthcoming results from t he diamond drill holes that were collared based on the
strength of these trenched exposures of anomalous mineralization will underpin the strength of
these trench assays.”
Of particular note from this season’s trenches are TR-18-03 and TR-18-08, which together have
added over 150 metres of Hyland Main Zone tenor surface gold mineralization immediately
north of the current NI 43 -101 resource* at the Main Zone . Highlighted results from these two
trenches include:
152 metres of 0.64 g/t Au and 4.93 g/t Ag in TR-18-03
42 metres of 0.90 g/t Au and 6.31 g/t Ag in TR-18-08
These trenches are punctuated by multiple two-metre channel samples ranging in grade from
1.0 g/t to 4.0 g/t, and it was noted from trench mapping and sampling that this higher-grade gold
mineralization increases with the intensity and widths of fault breccias and gouge zones. This
gold-silver mineralization association has been noted within Main Zone and furthermore exhibit
a similar ~1:4 Au:Ag ratio; indicating persistent Main Zone style mineralization towards the
Camp Zone.
Assays from TR-18-01, TR -18-02 and TR -18-07 have extended anomalous s urface gold
mineralization an additional 300 metres north of trenches TR-18-03 and TR-18-08 to correspond
with the overall gold -silver grades of historic (more easily accessible) trench results f rom 1987
and 1988 in the vicinity. This season’s efforts were focused on areas previously inaccessible by
historic operators due to challenging topography.
Additional highlighted results from this season’s trenches include:
76.0 metres of 0.32 g/t Au and 0.18 g/t Ag in TR-18-01
58.0 metres of 0.15 g/t Au and 0.19 g/t Ag in TR-18-02
18.0 metres of 0.65 g/t Au and 0.27 g/t Ag in TR-18-07
10.0 metres of 0.48 g/t Au and 1.22 g/t Ag in TR-18-07
20.0 metres of 0.21 g/t Au and 1.02 g/t Ag in TR-18-07
The full results from the 2018 trenching are provided in the following table and a map with
trench locations and assays will be made available on the Company’s Website:
**NB
:
Tren
ches
TR-
18-
04,
TR-
18-
05,
and
TR-
18-
06
were
not
sam
pled
as the depth of overburden exceeds the excavator capacity and bedrock was not reached.
In addition to trenching, 11 diamond drill holes (totaling 1,294 metres) were completed in the
same target area and, in conjunction with these important surface trench samples , were located
so as to establish gold-silver mineralization continuity along the projected shallow dipping upper
Trench Comment From (m) To (m) Width (m) Au (ppm) Ag (ppm)
TR-18-01 2.0 78.0 76.0 0.32 0.18
Incl. 24.0 32.0 8.0 0.88 0.18
TR-18-02 54.0 112.0 58.0 0.15 0.19
TR-18-03 0.0 152.0 152.0 0.64 4.93
Incl. 0.0 8.0 8.0 1.14 2.78
Incl. 26.0 34.0 8.0 1.06 2.60
Incl. 46.0 80.0 34.0 1.01 14.51
Incl. 86.0 110.0 24.0 1.04 2.25
TR-18-04 Overburden - Failed to Reach Bedrock**
TR-18-05 Overburden - Failed to Reach Bedrock**
TR-18-06 Overburden - Failed to Reach Bedrock**
TR-18-07 102.0 120.0 18.0 0.65 0.27
and 156.0 166.0 10.0 0.48 1.22
and 184.0 204.0 20.0 0.21 1.02
TR-18-08 92.0 142.0 42.0 0.90 6.31
limb of the Main Zone over the target 1.25km of previously limited tested strike length between
the Main and Camp Zones . Diamond drill assay results are expected shor tly and will be
released when they become available.
Analytical Method
All trench channel samples collected from the Hyland Gold program were analyzed at Bureau
Veritas Minerals of Burnaby, B.C. utilizing the aqua regia digestion ICP-MS 36-element AQ200
analytical package with FA450 50 -gram Fire Assay with AAS finish for gold on all samples.
Samples were sealed in poly bags with one part of a three -part sample tag inserted within.
Samples were delivered by Banyan personnel or a dedicated expediter to t he Bureau Veritas,
Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau
Veritas’s Analytical laboratory in Burnaby, B.C. for pulverization and final chemical analysis. A
robust system of standards , field duplicates and bl anks was implemented in the 201 8
exploration trenching program and was monitored as chemical assay data became available.
Technical Information
The technical information in this news release has been reviewed and approved by Paul D.
Gray, P.Geo., the Company’s Vice President, Exploration and a Qualified Person as defined by
NI 43-101.
About Banyan Gold
Banyan is a growth stage gold exploration company whose flagship property, the Hyland Gold
Project, is approximately 70km NE of Watson Lake, Yukon, along the southeast end of the
Tintina Gold Belt.
*The Hyland Main Zone Indicated Gold Resource Estimate, p repared in accordance with NI 43 -
101, at a 0.3 g/t gold equivalent cutoff, contains 8.6 million tonnes grading 0.85 g/t 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.
Cut-off Grade
(AuEq g/t) In situ Tonnes
Au Ag AuEq
Grade
(g/t) Ozs Grade
(g/t) Ozs Grade
(g/t) Ozs
Indicated
0.3 8,637,000 0.78 216,000 7.04 1,954,000 0.85 236,000
Inferred
0.3 10,784,000 0.77 266,000 5.32 1,845,000 0.83 288,000
(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. All figures are
rounded to reflect the relative accuracy of the estimate.
(2) Mineral resources are reported at a cut -off grade of 0.3 g/t AuEq. AuEq grade is based on $1,350.00/oz Au,
$17.00/oz Ag and assumes a 100% recovery. The AuEq calculation does not apply any adjustment factors for
difference in metallurgical recoveries of gold and silver. This information can only be derived from definitive
metallurgical testing which has yet to be completed.
The 9,230 ha Aurex-McQuesten Property, in close proximity to Victoria Gold's Eagle Project and
Alexco Resource's Keno Hill Silver District, is highly prospective for structurally controlled,
intrusion related gold -silver mineralization in relation to quartz monzonite dykes of the
Tombstone intrusive suite.
Banyan trades on the TSX Venture Exchange under the symbol “BYN”. For more information,
please visit the corporate website at www.BanyanGold.com or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie David Rutt
Tel: (888) 629-0444 Tel: (888) 629-0444
Email: [email protected] Email: [email protected]
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