Banyan Gold Corp. has provided results from the exploration drill holes of its 2017 programme at its 100% owned Hyland Gold project in the Selwyn Basin District of Yukon.
According to the company, the results from holes HY17-070 to HY17-075 continue to demonstrate the success of its process of testing for and building out gold oz within the Main Zone gold and silver target, while extending the known Main Zone mineralisation north of the existing resource.Highlighted results from these drill holes include: 70.0 m of 0.8 g/t Au and 6.6 g/t Ag from surface in HY17-075, including 12.2 m of 3.1 g/t Au and 3.9 g/t Ag from 38.1 m.
President & CEO of Banyan Gold Corp, Tara Christie, explained: “Diamond drill hole HY17-072 was the most northerly hole from the 2017 campaign and succeeded in demonstrating gold and silver mineralisation continues more than 300 m north of the 2012 Main Zone resource. The company believes these results, when combined with the 2016 and 2017 drill data, will add to a meaningful updated Hyland Main Zone Resource, which is currently underway.”The selected drill holes for the 2017 programme targeted anomalous gold and silver mineralisation uncovered by early programme surface trenches, north of the Main Zone. Drill holes HY17-070 and HY17-071 defined mineralisation to the north following the upper limb of the interpreted antiform. HY17-072 was a 150-m step-out hole north from other 2017 drilling and approximately 300 m north from the historic Main Zone Resource and has established Main Zone-like grades including 0.4g/t Au and 0.1g/t Ag over 13.9 m. All holes intercepted anomalous gold-silver mineralisation in the interpreted upper and lower limbs of the hosting antiformal structure related to sulfide-bearing, siliceous altered rocks, typical of mineralisation observed in the Main Zone.
HY17-075 was the last hole of the 2017 season and drilled from the same location as HY17-074 but with an azimuth of 355° to intersect interpreted mineralised structures. The new orientation proved successful and provided additional mineralisation control information with respect to surface trench results as evidenced by the presence of anomalous gold and silver mineralisation over 70 m of the core length, with higher-grade intervals at the top and bottom indicative of the mineralised limbs of the antifoam.
The 2017 Hyland exploration programme was completed at the end of September and culminated with a total of 3 850 m of diamond drilling from 25 drill holes focused on in-fill, step-out exploration and dedicated metallurgical drilling concentrated on the Main Zone gold-silver mineralisation. This year’s exploration efforts were focussed on increasing confidence in the Main Zone Resource model as well as targeting resource expansion via testing the northern portion of the Main Zone, a previously under-tested zone prospective for the continuation of the Main Zone gold-silver mineralisation.
Camp Zone Trench Results
In addition to the Main Zone Exploration programme, two trenches of 44 m and 180 m, respectively were completed in an area 1.2 km north of the northern most drill hole at the Main Zone following up on Trench CZ-16-01 from the 2016 exploration programme that returned 96 m of 0.64g/t Au from 0 – 96 m, including 56 m of 1.03g/t Au from 0 – 56 m. This area, termed the ‘Camp Zone’, lies along a northerly trending gold-arsenic anomaly that extends 2.5km from the southern end of the Main Zone and past the Camp Zone to the north. This trend contains scattered anomalous gold geochemical results, and recent trenching was successful including 5.2g/t Au and 1.2g/t Ag over 2 m in Trench CZ17-04 which is similar to results from 2016 Camp Zone trenching, and along with results from Trench CZ17-03 indicates a strike length of at least 200 m.