Banyan GOLD Receives 10 Year Class Three Mining Land Use Permit FOR the Hyland GOLD Project Banyan GOLD Corp.
BANYAN GOLD RECEIVES 10 YEAR CLASS THREE MINING LAND USE PERMIT FOR THE
HYLAND GOLD PROJECT
BANYAN GOLD CORP.
May 1, 2017 TSX-V: BYN
BANYAN GOLD CORP. (“Banyan” or the “Company”) reports that a Class 3 Land Use Permit
for the Hyland Gold Project has been granted to the Company by the Yukon Government. This
permit will allow for continued development of the Hyland Gold Project through advanced mineral
exploration activities including diamond drilling, trenching geophysics and o n-tenure camp support
thereon. The 2017 Hyland Gold Project exploration plan being developed , is guided by the LiDAR
assisted structural analysis and data compilation done over the winter of 2016/2017 to identify
priority exploration areas and drill targets
Company President and CEO Tara Christie commented, “With a newly granted 10 -year Class 3
Land Use Pe rmit to operate, Banyan is well positioned to continue to build out our Hyland Gold
Project through advanced and systematic exploration programs . Banyan looks forward to an active
exploration season at Hyland this year.”
About Banyan Gold
Banyan is a gold exploration and development company whose flagship property, the Hyland Gold
Project, is approximately 70km NE of Watson Lake, Yukon, along the southe ast 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.
Banyan also has options to earn up to 100% in the Aurex and McQuesten properties, subject to
work commitments, payments and a residual NSR to Alexco Resource Corp and Victoria Gold
Corp.
Banyan trades on t he 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 THE BANYAN BOARD OF DIRECTORS
(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 explor ation
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.