HOME PAGE SUBSCRIPTIONS, Print Editions, News Bulletin PRODUCTS READ MINING NEWS ARCHIVE ADVERTISING EVENT READ THE PETROLEUM NEWS, EXTENSIVE ARCHIVES!

Providing coverage of Alaska and Northwest Canada's mineral industry
November 2016

Vol. 21, No. 47 Week of November 20, 2016

Mining News: Northern Neighbors: Banyan re-affirms gold- silver deposit at Hyland

Banyan Gold Corp. Nov. 14 provided results from a 475-meter drill program at its Hyland gold-silver project in southeastern Yukon. Each of the three holes drilled this year cut long intervals of mineralization in the project’s Main zone, including: 30.7 meters of 1.3 grams per metric ton gold and 8 g/t silver from a depth of 18.3 meters in hole HY-16-48; 27.1 meters of 1.02 g/t gold and 16 g/t silver from 24.4 meters of HY-16-49; and 35.7 meters of 1 g/t gold and 2.5 g/t silver from 76 meters in hole HY-16-10. Banyan said this year’s drilling has confirmed the structure and continuity of the Main zone gold-silver resource. According to an August technical report, the Main zone at Hyland hosts 12.5 million metric tons of inferred resource averaging 0.9 g/t (361,692 ounces) gold and 5.59 g/t (2.25 million oz) silver and remains open to expansion. “The exploration focus on Banyan’s flagship Hyland Gold project is to continue to demonstrate the property hosts a large, district-scale mineralized system while also communicating that the 400,000-ounce gold-silver resource defined on the property remains expandable,” explained Banyan President and CEO Tara Christie. “Metallurgical recovery test work on the Main zone is the next step in the on-going deposit appraisal and these results are expected in the near term.”

-Shane Lasley






Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.