Mining News: Northern Neighbors: Banyan readies for 2015 Hyland drilling

Banyan Gold Corp. April 16 announced plans to resume drilling at its Hyland Gold property in eastern Yukon Territory. Banyan has signed a contract with Whitehorse-based Kluane Drilling to complete at least 1,200 meters of core drilling at Hyland and has mobilized all required equipment and materials to site to support this program. A dozer and excavator delivered to the property will allow for access construction and trenching of the project’s Montrose Ridge zone. Montrose Ridge was discovered through a soil and rock sampling program on the South Hyland Property, located 6.5 kilometers south of the Hyland Main Zone, during 2013. During 2014, Banyan completed a soil-rock sampling and geologic mapping program to follow-up of the encouraging results received from the 2013 Hyland South and regional exploration programs. This work included focused sampling and mapping over the CUZ South and Montrose Ridge zones. In total, Banyan collected and shipped 452 soil and 39 rock samples from the program. Results indicate a 500- by 1,000-meter east-west trending gold-in-soils anomaly focused around the Montrose Ridge zone. A parallel soils anomaly is located near CUZ South, and together these anomalies define a 2,000-meter-long cohesive arsenic-in-soils anomaly that remains open, particularly to the east and north. Additionally, Banyan said it has received a payment of C$49,650 from the Yukon Mineral Exploration Program – a program designed to promote and enhance mineral prospecting and exploration activities in Yukon – representing half of the 2014 exploration expenditures at Hyland.

—Shane Lasley