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Hyland drilling confirms Banyan hypothesis

 

Last updated 9/27/2015 at Noon



Banyan Gold Corp. Sept. 17 said results from drilling at its Hyland Gold project in eastern Yukon Territory confirm its hypothesis that the property hosts carbonate replacement-style gold and base-metals mineralization akin to Atac Resources' Rau Trend to the north.

Highlights from the three holes drilled at Hyland include: 31.08 meters of 0.4 grams per metric ton gold in hole HY-15-45; 76.34 meters of 0.32 g/t gold in hole HY-15-46; and 88.7 meters of 0.24 g/t gold in hole Hy-15-47.

Banyan said the drilling intercepted a mineralized lower limestone unit of the Hyland Group Formation metasedimentary package and elevated base metal values were encountered at depth.

Banyan said the indications of carbonate replacement style mineralization intersected in the 2015 drilling have become a new focus for exploration at Hyland.

The 2015 program also included trenching at the Montrose Ridge zone.

Highlights include six meters of 4.4 g/t gold and 24 meters of 0.47 g/t gold in Trench MT-15-01.

 

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