Banyan GOLD Announces Commencement of 2017 Field Exploration Program ON Aurex-Mcquesten Banyan GOLD Corp.
BANYAN GOLD ANNOUNCES COMMENCEMENT OF 2017 FIELD EXPLORATION
PROGRAM ON AUREX-MCQUESTEN
BANYAN GOLD CORP.
June 7, 2017 TSX-V: BYN
BANYAN GOLD CORP. (“Banyan” or the “Company”) has commenced a $450,000
exploration program on the recently optioned Aurex-McQuesten Property located 25 km north of
Mayo, Yukon (See Company news release dated May 25, 2017) . Heavy equipment for trench
construction and diamond drill support have already been mobilized to the Property where
excavation, sampling and mapping of historic trenches has been completed . Additionally, an
initial property-wide geochemical soil sampling survey has begun.
A 1,200 metre (m) drill program focused on the McQuesten showing area will begin this week .
The McQuesten showing, is a 1,000m x 400m wide zone where p revious exploration results
include drill intercepts of up to 120 m grading 1.36 g/t Au with intervals of up to 1.5 m grading
8.89 g/t Au (See Company news release dated May 25, 2017).
“With the Aurex and McQuesten properties now combined under single ownership for the first
time, coupled with a wealth of valuable historic exploration data, our geology team is well
positioned to advance th e Property in a prolifically mineralized District of the Yukon ”, stated
Tara Christie, President and CEO. ”This year’s exploration program will be the first systematic,
modern exploration on this combined property.”
Additional targets fo r trenching and potentially drilling include Aurex Hill, Corkery Creek,
Powerline and Snowfield showings.
The exploration target at the Aurex-McQuesten is near surface gold mineralization in meta -
sedimentary host rocks related to interpreted buried intrusive stocks. Structural traps are known
to control intrusion-related gold-silver mineralization in the area and known gold m ineralization
on the property occurs in sheeted quartz veins, silicified skarn horizons , and quartz-monzonite
dykes similar to mineralization at Victoria Gold’s Eagle project, as well as silver mineralization
related to faults similar to those found at Alexco Resource Corp, Keno Hill District.
Technical Information
The technical information in this news release has been reviewed and approved by Paul D.
Gray, P.Geo., a Qualified Person as defined by NI 43-101.
About Banyan Gold
Banyan is well financed 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 Main Zone gold Inferred Resource, at a 0.6 g/t gold equivalent
cutoff, hosts a NI 43-101 resource of 12,503,994 tonnes containing 361,692 ounces gold at 0.9
g/t and 2,248,948 ounces silver at 5.59 g/t for a combined gold and silver 396,468 ounces gold
equivalent.
The newly acquired 9,230 ha Aurex-McQuesten Property, in close proxim ity to Victoria Gold's
Eagle project and Alexco Resource's Keno Hill Silver District, is highly perspective 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]
CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein. This news release contains forward-looking information, which is not comprised of historical facts. Forward-
looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, Banyan’s objectives, goals or future plans, statements regarding
exploration expectations, exploration or development plans and the timing of negotiating the definitive agreements. Factors that
could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties
inherent to preparing a resource estimate within expected timeline, capital and operating costs varying significantly from
estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in
the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the
development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks
inherent to conducting business in any jurisdiction, and those risks set out in Banyan’s public documents filed on SEDAR.
Although Banyan believes that the assumptions and factors used in preparing the forward -looking information in this news
release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any
intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, other than as required by law. Paul D.Gray of Banyan Gold Corp. is a “qualified person” within the meaning of
such term as set forth in National Instrument 43-101 of the Canadian Securities Administrators, and has verified and supervised
the preparation of all of the scientific and technical information contained in this news release.
Statements in this news release regarding Banyan Gold which are not historical facts are “forward-looking statements” that
involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as
“may”, “will”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar
variations.