The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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."
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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