Business
Banyan Reports Change in Directors
CALGARY, ALBERTA / ACCESSWIRE / October 26, 2018 / BANYAN GOLD CORP. ("Banyan" or "The Compan...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Reports Change in DirectorsCALGARY, ALBERTA / ACCESSWIRE / October 26, 2018 / BANYAN GOLD CORP. (\"Banyan\" or \"The Company\"), announces that Jay Collins has resigned from the Board of Directors. The Company wishes to thank him for his service and wishes him well.Upcoming Events:Banyan Gold will be presenting at the following events:-November, 17th , 2018 Yukon Investment Forum, Whitehorse, Yukon, Junior explorers roundtable 3 pm, Coast High Country Inn-November 20th, 2018 Yukon Geoscience Forum, Whitehorse, Yukon, 3:10 pm, Coast High Country InnTechnical InformationThe technical information in this news release has been reviewed and approved by Paul D. Gray, P.Geo., a Qualified Person as defined by NI 43-101.About Banyan GoldBanyan is a growth stage gold exploration company whose flagship property, the Hyland Gold Project, is approximately 70km NE of Watson Lake, Yukon, along the southeast end of the Tintina Gold Belt. The Hyland Main Zone Indicated Gold Resource Estimate, prepared in accordance with NI 43-101, at a 0.3 g/t gold equivalent cutoff, contains 8.6 million tonnes grading 0.85 g/t AuEq for 236,000 AuEq ounces with an Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces. Cut-off Grade (AuEq g/t) In situ Tonnes Au Ag AuEq Grade (g/t) Ozs Grade (g/t) Ozs Grade (g/t) Ozs Indicated 0.3 8,637,000 0.78 216,000 7.04 1,954,000 0.85 236,000 Inferred 0.3 10,784,000 0.77 266,000 5.32 1,845,000 0.83 288,000 (1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. (2) Mineral resources are reported at a cut-off grade of 0.3 g/t AuEq. AuEq grade is based on $1,350.00/oz Au, $17.00/oz Ag and assumes a 100% recovery. The AuEq calculation does not apply any adjustment factors for difference in metallurgical recoveries of gold and silver. This information can only be derived from definitive metallurgical testing which has yet to be completed.The 9,230 ha Aurex-McQuesten Property, in close proximity to Victoria Gold's Eagle Project and Alexco Resource's Keno Hill Silver District, is highly prospective for structurally controlled, intrusion related gold-silver mineralization in relation to quartz monzonite dykes of the Tombstone intrusive suite.Banyan trades on the TSX-Ventu...