Banyan Gold Completes Exploration Program at Hyland Gold Project

Banyan Gold (TSXV:BYN) announced the completion of the 2015 exploration program at the Hyland Gold Project in the Yukon, Canada. The program validated the theory that a deep-seated, replacement style mineralization model exists.
As quoted in the press release:

The 2015 Hyland diamond drilling targeted the “Camp Zone” an under-explored area approximately 500 metres north of the Main Zone, which hosts Hyland’s maiden resource of approximately 400,000 AuEq ounces. This lower elevation target has been interpreted to host replacement style, precious and base-metal mineralization, which would reaffirm the Hyland Gold Project represents a District-Scale mineralized system, akin to Atac’s Rackla Belt both of which are hosted within the prolific Selwyn Basin. Analytical results remain pending, but highlights of the 2015 drilling include massive sulphide, pervasive aresenopytie and native copper with galena mineralization intersections from the Camp Zone.
The 2015 exploration program was designed to drill test a deep-seated, limestone-replacement style and listric fault related gold mineralization model theorized to exist on the Hyland Gold Project. Drill testing of this mineralization concept was designed to 1) intercept the lower limestone unit of the Hyland Group Formation metasedimentary package and 2) to drill through a postulated fault splay within the north-south oriented Quartz Lake Corridor which is interpreted to represent a large-scale, structural control to gold-silver mineralization. By testing these targets, Banyan anticipates highlighting the under-tested regional mineralization potential of the Hyland Gold Project and highlights the fact that substantive mineral potential exists beyond the Main Zone. The Hyland Gold Project 2015 Mineral exploration program was completed during August 2015 and consisted of 739.85 metres of HQ and ND diamond drilling over three (3) drillholes in the rapidly developing Camp Zone.
Co-incident with the diamond drilling program, Banyan’s 2013/2014 Montrose Ridge discovery, 6.5 km south of the Main Zone, was the focus of a systematic surface sampling and trenching program designed to define drill targets to continue to test the District-Scale mineral potential of the Hyland Gold Project. Over 3.5 km of access trail construction was completed during the 2015 Montrose Ridge Zone program culminating in approximately 1 km of surface trench construction and sampling. This trenching operation is the first time heavy machinery and vehicular access to Montrose Ridge has been possible, and afforded an exceptional opportunity to expose bedrock and sub-crop within the broad Au-As-in-soils-anomaly previously defined at Montrose Ridge. Trenching of the Montrose Ridge Zone was highly encouraging, with heavily alteration and sulphide (arsenopyrite, bismuithinite and pyrite) mineralization identified from a fault-hosted structural zone within a previously un-mapped member of the hosting Hyland Group, the Yusezyu Conglomerate, on the Hyland Gold Property.

Banyan Gold Chairman, Mark Ayranto, said:

“The speed, efficiency and low cost in which the Banyan team was able to conduct the 2015 exploration program was very impressive. Since acquiring the Hyland Project, Banyan has postulated a replacement style mineralization model which we have now confirmed. More recently, through 2014, Banyan realized the potential for regional-scale mineralization along the Quartz Lake Corridor and the 2015 exploration program lends significant credibility to this model. ”

Connect with Banyan Gold (TSXV:BYN) to get your Investor Kit