High Grade Gold Demonstrated in Main Zone Surface Trench Results at Hyland Gold Project, Yukon
High Grade Gold Demonstrated in Main Zone Surface Trench Results at Hyland
Gold Project, Yukon
October 16, 2017 TSX-V: BYN
BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce results from
the initial surface trench construction and sampling campaign conducted in advance on the
2017 drilling on the Main Zone of the 100% owned, the Hyland Gold Project (the “Property”) in
the Yukon’s emerging Selwyn Basin District.
The 2017 Main Zone trench program consisted of 6 new ly excavated and sampled trenches
(TR17-03, 04, 06A, 06B, 06C and 07) in conjunction with the re-opening, extending and
sampling of 3 historic Main Zone trenches (TR17-01, 02, 05). The assay results from these
trenches establish mineralization extending over 150 metres beyond the currently defined
resource*, with multi-gram gold and silver values over intervals of up to 116 metres. Highlighted
results from the trenches include:
• 116 metres of 1.19 g/t Au and 13.16g/t Ag from 6.0 to 122.0 metres in TR17-04
• 56 metres of 1.42 g/t Au and 3.94g/t Ag from 14.0 to 70.0 metres in TR17-02
• 22 metres of 1.47gt/ Au and 49.98g/t Ag from 0 to 22 meters in TR17-07
• 6 metres of 1.15 gt/ Au and 16.23g/t Ag from 18 to 24 meters in TR17-06B
These long, continuously mi neralized intersections of gold and si lver mineralization were
punctuated by high -grade intervals such as 12 metres of 5.53g/t Au and 64.65g/t Ag and 4
metres of 11.88g/t Au and 54.65g/t Ag in TR17-04.
Tara Christie, President & CEO, stated “This season’s trench program targeted the on -surface
portion of the Main Zone and was successful in extending the known mineralization to the north.
These trenches were established early in the 2017 program and played an important role in the
guidance of the 2017 Main Zone drill program. Not only are these analytical results significant
in proving the grade and continuity of near -surface mineralization, but underpin management’s
conviction that this daylighting gold-silver deposit is consistently enriched in >1g/t gold material .
”
Trenches TR17- 01, 02 and 05 were re-opened and sampled to verify historically reported
results, map structure and to gain a better understanding of the grade in that part of the zone
where recovery of drill-core proved challenging during the drilling due to the nature of the rock.
In all these aspects the 2017 Main Zone trench program was exceedingly effective.
The Hyland M ain Zone Inferred Gold Resource, prepared in accordance with NI 43-101, at a 0.6g/t gold equivalent
("AuEq") cutoff, contains 12,503,994 tonnes with 361,692 ounces gold at 0.9g/t and 2,248,948 ounces silver at
5.59g/t for a combined gold and silver of 396,468 ounces gold equivalent at 0.99g/t.
The full results from the 2017 trenching program are provided in the following table and a map
with trench locations, intersections and grade can be found on the company website
(http://www.banyangold.com/projects/hyland/).
Trench ID Comment From To Interval Gold Silver
TR17-01 14.0 24.0 10.0 0.74 4.65
incl. 20.0 24.0 4.0 1.5 6.5
TR17-02 14.0 70.0 56.0 1.40 3.94
TR17-03 0.0 8.0 8.0 0.81 8.10
58.0 92.0 34.0 0.37 5.0
TR17-04 6.0 122.0 116.0 1.19 13.2
incl. 66.0 122.0 56.0 1.98 26.6
and incl. 80.0 120.0 40.0 2.64 35.5
and incl. 108.0 120.0 12.0 5.53 64.65
and incl. 116.0 120.0 4.0 11.88 54.65
TR17-05 64.0 116.0 52.0 1.06 10.72
incl. 74.0 104.0 30.0 1.49 15.26
and incl. 84.0 94.0 10.0 2.52 30.82
TR17-06a 0.0 6.0 6.0 0.67 3.13
TR17-06b 8.0 24.0 16.0 0.69 15.08
incl. 18.0 24.0 6.0 1.15 16.23
TR17-06c 8.0 32.0 24.0 0.19 1.53
TR17-07 0.0 22.0 22.0 1.47 49.98
Technical Information
The technical information in this news release has been reviewed and approved by Paul D.
Gray, P. Geo., Banyan Gold’s V.P. Exploration and a Qualified Person as defined by NI 43-101.
Analytical Method
Trench lines were flagged in the field, then initially cleared with a Cat D6 dozer and then dug to
an average depth of 1.5m with a Komatsu 200 excavator, in some cases there was thick
overburden and bedrock was not reached. Trenches were sampled continuously along their
lengths using a standard 2m sample interval except in areas of deep overburden. Sample
intervals were marked in the field with spray paint to indicate beginning -end of sample intervals
and the meter mark to indicate the location along the trench line. Samples were collect by
chipping and chiseling exposed bedrock into poly ore bags, a sample tag was inserted for
identification and then then the sample bag was sealed in preparation for shipment to the assay
lab. For QA/QC a system of blanks and standards were inserted into the sample sequence
every 20th sample and checked for accuracy upon receipt of assay res ults. Trenches were
mapped and photographed and the locations of the trenches were recorded utilizing a handheld
GPS.
All trench samples collected from the 2017 Hyland Exploration Program were analyzed at
Bureau Veritas Minerals of Burnaby, B.C. utilizing the four acid digestion ICP -MS 35-element
MA300 analytical package with FA450 50- gram Fire Assay with AAS finish for gold on all
samples. All samples were collected and channel samples from within the constructed trenches
and placed into numbered and marked sample bags with appropriate sample tags inserted. All
these samples were delivered by Bany an personnel or a dedicated expediter to the Bureau
Veritas, Whitehorse preparatory laboratory where samples were crushed and shipped to Bureau
Veritas’s Analytical laboratory in Burnaby, B.C. for pulverization and final chemical analysis. A
robust system of standards w as implemented in the 2017 exploration trench program and was
monitored as chemical assay data became available.
About Banyan Gold
Banyan is a 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 Hyland Main Zone Inferred Gold Resource Estimate, prepared in accordance with NI 43-
101, at a 0.6g/t gold equivalent cutoff, contains 12,503,994 tonnes with 361,692 ounces gold at
0.9g/t and 2,248,948 ounces silver at 5.59g/t for a combined gold and silver 396,468 ounces
gold equivalent at 0.99 g/t.
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 perspective for structurally controlled,
intrusion related gold- silver mineralization i n 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 t o
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 general ly 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.
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562800
562800
563000
563000
6708200
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6708400
6708400
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6708800
0 15075
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¹
0 250125
Meters
Main Zone, Hyland Gold Project
NAD83/UTM Zone 9 Author: N.Kovacs
TR17-01
TR17-02
TR17-06A
TR17-07
TR17-05
TR17-04
TR17-03
TR17-06B
TR17-06C
2017 expansion
Current
LEGEND
Road
TR87-P13
TR88-P36
TR88-P23
TR87-P12
TR88-P25
TR87-P06TR88-P28
TR87-P05
Historic trench assays
2017 trench assays
0-0.5 g/t Au
0.5-1.0 g/t Au
1.0-5.0 g/t Au
5.0-15.0 g/t Au
0-0.5 g/t Au
0.5-1.0 g/t Au
1.0-5.0 g/t Au
5.0-15.0 g/t Au
0.67 g/t Au and 3.13 g/t Ag
over 6 m
0.81 g/t Au and 8.1 g/t Ag
over 8 m
1.50 g/t Au and 4.65 g/t Ag
over 4 m
1.40 g/t Au and 3.94 g/t Ag
over 56 m
2.64 g/t Au and 35.5 g/t Ag
over 40 m
1.19 g/t Au and 13.16 g/t Ag
over 116 m
1.98 g/t Au and 26.6 g/t Ag
over 56 m
1.06 g/t Au and 10.72 g/t Ag
over 52 m
1.49 g/t Au and 15.26 g/t Ag
over 30 m
2.52 g/t Au and 30.82 g/t Ag
over 10 m
1.15 g/t Au and 16.23 g/t Ag
over 6 m
0.19 g/t Au and 1.53 g/t Ag
over 24 m
1.47 g/t Au and 49.98 g/t Ag
over 22 m