Slide 1: Yukon Focused Gold Explorer: Hyland Gold Project Technical Presentation
Yukon Focused Gold Explorer Hyland Gold Project Technical Presentation CIM - May 2018
Slide 2: Cautionary Note Regarding Forward-Looking Information
Cautionary Note Regarding Forward-Looking Information: Information set forth in this document may contain forward-looking statements under applicable securities law. Forward-looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often
Slide 3: Why Yukon?
Why Yukon? Prospective Gold Belt New Yukon Gold Rush Development Stage Projects • Over 32 million ounces produced Recent investments by • Victoria Gold is building the • 60 million ounces in reserves and • Goldcorp (Coffee - $520M) Eagle Gold Mine (200,000 oz resources in these projects Au/year) • N
Slide 4: Two High Quality Projects
Two High Quality Projects HYLAND GOLD PROJECT • ~240K Indicated and 290K Inferred oz at 0.84 g/t AuEq (NI-43-101) • Large regional resource potential (186km2 land package) • Deposit upgradable to +1M gold ounces • Sediment-hosted, structurally controlled Gold + Silver mineralization • Low developmen
Slide 5: Tombstone Gold Belt
Tombstone Gold Belt Selwyn Basin - Late Precambrian to Mid-Devonian Tectonic Element Characterized by Deposition of Deep Water Marine Calcareous Sediments
Slide 6: Hyland Gold Project- Geology Overview
Hyland Gold Project- Geology Overview • Sediment-hosted and structurally controlled gold deposit • Similar style mineralization as • Marigold Mine in Nevada (SSR) • Barrick/ATAC.- Rackla Trend, Yukon • Similar tectonic setting to Nevada’s Carlin- trend • Paleozoic, silty shelf- carbonates and clasti
Slide 7: Regional Mineralization Hyland Gold Belt
Regional Mineralization Hyland Gold Belt HORN FER HY HIT 3 ACES SPROGGE SUN Cretaceous plutonism included calc-alkaline Hyland intrusions into the sedimentary package
Slide 8: Hyland Gold Project Access
Hyland Gold Project Access ACCESS & INFRASTRUCTURE • Easily supported from Watson Lake 70 km away with population of 1,200 • 40 km of access road from public Coal River Road (used in winter) • Access is by float plane in the summer and by road in winter • 4 hour drive from Whitehorse to Watson • Reg
Slide 9: Hyland Gold Project Regional Setting
Hyland Gold Project Regional Setting • Property is 186 Km2 • Largely Unexplored >18km long well defined structural trend • Major N-S structural feature “Quartz Lake Corridor” • Systematic exploration strategy • High potential at N-NW cross- cutting structures • Work from N to S, extending infrastruc
Slide 10: Hyland Airborne Geophysics
Hyland Airborne Geophysics • Geophysics (Magnetics) suggests large regional mineralizing system • Main Zone lies at Core of magnetic anomaly – reflects demagnetization of sedimentary rocks and defines large area of intense silicification Camp Zone • Buried Cretaceous Intrusion driving heat and fluid
Slide 11: Hyland Geology / Structure
Hyland Geology / Structure Quartz Lake Lineament Corridor Major N-S Structural Feature Cross-Cutting Structures Current Exploration Focus Precambrian to Paleozoic mixed calcareous metasedimentary package
Slide 12: Regional Mineralization Model
Regional Mineralization Model
Slide 13: Hyland Mineralization Model
Hyland Mineralization Model
Slide 14: Hyland Mineralization
Hyland Mineralization • Mineralization: • Occurs at intersection of N and NNW- trending faults • Is in quartz veins, quartzite breccia, and silicified phyllites • Stratabound and structurally controlled • Pyrite-arsenopyrite, chalcopyrite ± sphalerite - tetrahedrite-pyrrhotite – bismuthinite • Gold
Slide 15: Petrological Work
Petrological Work • Gold associated pyrite and tourmaline • Gold grain • Tourmaline • Petrographic work is ongoing 15
Slide 16: Hyland Main Zone Location
Hyland Main Zone Location Camp Zone Main Zone Cuz Zone Montrose Ridge
Slide 17: Hyland Main Zone Resource
Hyland Main Zone Resource • Resource Located entirely at the Main Zone (900 x 600 m area) • Mineralization preferentially in quartzite units, open in all directions and at depth • Bulk of resource is oxide within ~75 m of surface • Mining method: Surface open pit • Based on 71 drill holes (10,564 me
Slide 18: Hyland Main Zone Resource
Hyland Main Zone Resource HYLAND MAIN ZONE Cut-off Grade Au Ag AuEq In situ Tonnes (AuEq g/t) Grade (g/t) Ozs Grade (g/t) Ozs Grade (g/t) Ozs Indicated 0.2 9,620,000 0.72 224,000 6.59 2,039,000 0.79 244,000 0.3* 8,637,000 0.78 216,000 7.04 1,954,000 0.85 236,000 0.4 7,326,000 0.86 203,000 7.71 1,816
Slide 19: Gold in Soils Geochemistry
Gold in Soils Geochemistry Multiple structural zones controlling Gold mineralization Main Zone exists at Intersection of 2 major Structural trends ~240K Indicated Oz ~290K Inferred Oz Structural targets (as defined by @ 0.84 g/t AuEq Gold/Arsenic-in-soils) Level 1 Exploration Targets Interpretation
Slide 20: Property Wide Soils Geochemistry
Property Wide Soils Geochemistry As Au
Slide 21: Hyland Lineament + Geochemistry
Hyland Lineament + Geochemistry Mineralization is structurally controlled • NNW-trending lineament is mineralized (2nd order control) • Highest Au is in the intersection of N (1st order control) and NNW-trending faults • Gold and Arsenic coincident anomalies Bi strong pathfinder 1:1 Correlation NNW-
Slide 22: Main Zone
Regional bounding faults Regional thrust fault Main Zone N-S trending structural corridor N-S trending structural corridor
Slide 23: Main Zone Cuz Montrose
Main Zone Cuz Primary mineralizing Montrose structures N-NNW Secondary trending faul mineralizing structures E-W trending faults Deposit-scale faults
Slide 24: Main Zone Location
Main Zone Location Camp Zone Main Zone Cuz Zone Montrose Ridge
Slide 25: 2017 Exploration Program
2017 Exploration Program Strategy: Increase the Inferred Resource and Develop New Targets ✓LIDAR analysis (structure) ✓Geochemical soil survey : Hyland South & new targets ✓Diamond drilling (25 holes ~ 3,850m) highlights include: HY17-054: 36.24m of 1.3g/t Au and 2.54g/t Ag HY17-055: 57.4m of 0.9g/t
Slide 26: 2017 Drill Highlights
2017 Drill Highlights Hole From (m) To (m) Width (m) Gold (g/t) Silver (g/t) • Extending Main Zone HY17-051 33.5 141.7 108.2 0.44 2.5 mineralization incl. 69.0 82.3 15.3 0.99 4.3 HY17-055 83.6 141.0 57.4 0.85 3.3 • results indicate zone HY17-056 79.4 174.0 94.6 0.65 7.0 extends 300m north HY17-057 1
Slide 27: Section 6708850N
Section 6708850N Line of section From Width Au Ag Hole # Comment To m's m's m's (g/t) (g/t) HY17-066 16.76 17.88 1.12 0.57 <0.5 31.4 63.43 32.03 0.332 3.313 incl. 46.13 54.86 8.73 0.685 10.292 HY17-071 0 44.1 44.1 0.24 7.182 incl. 0 9.14 9.14 0.453 23.337 which incl. 4.57 6.1 1.53 1.556 34.6 TR17-06
Slide 28: HY17-071: near surface recovery and mineralization
k BanyanGold TSX.V: BYN HY17-071: near surface recovery and mineralization
Slide 29: Section 6708500N
Section 6708500N Line of section Width Au Ag Hole # Comment From m's To m's m's (g/t) (g/t) HY17-056 41.0 47.7 6.7 2.44 24.4 79.4 174.0 94.6 0.65 7.0 HY17-057 138.0 184.0 46.0 1.60 6.5 TR17-03 58.0 92.0 34.0 0.37 5.0
Slide 30: HY17-057: silicified zone
k BanyanGold TSX.V: BYN HY17-0S7: silicified zon es es e, a: « S38)
Slide 31: Main Zone Trenches
Main Zone Trenches • Main Zone Trench Results • including 116.0 m of 1.19 g/t gold and 13.16 g/t silver • 640m in seven trenches • Two angle trenches provided valuable orientation information • New trenches north of Main Zone show extension of mineralization 31
Slide 32: TR17-04: 116-120m 11.9g/t Au and 54.7g/t Ag
TR17-04: 116-120m 11.9g/t Au and 54.7g/t Ag
Slide 33: Main Zone Preliminary Metallurgical Work
Main Zone Preliminary Metallurgical Work Average column leach oxide gold recoveries 86% at 12.5 mm crush size after 58 Days from dedicated holes (HY17-073 and HY17-074) Crush Avg. Head % Au Extracted Size Assay Extracted Description % Au after Recovered (mm) (gms Au/MT) 58 Days after 7 days HY-17-07
Slide 34: Camp Zone Trenching
Camp Zone Trenching Follow up on Trench CZ-16-01 from the 2016 exploration program that returned 96 metres of 0.64 g/t Au from 0 to 96 metres, including 56 metres of 1.03 g/t Au from 0 to 56 metres From To Interval Gold Silver CZ17-03 4.0 12.0 8.0 0.39 <0.005 CZ17-04 8.0 14.0 6.0 0.39 0.5 104.0 106.
Slide 35: Camp Zone Drilling
Camp Zone Drilling Carbonate Replacement Style Gold, Lead, Zinc and Copper mineralization: Pyrite, Arsenopyrite, Pyrrhotite, Sphalerite, Galena, Bismuthinite and Native Cu
Slide 36: Montrose Ridge Location
Montrose Ridge Location Camp Zone Main Zone Cuz Zone Montrose Ridge
Slide 37: Montrose Ridge Results
Montrose Ridge Results Bi over Au Trench MT-15-01: 6m of 4.4 g/t Au from 0-6m in including 2m of 13.1 g/t Au from 4-6m and 24 m of 0.47 g/t Au from 18 to 42m, including 6m of 1.3 g/t Au from 36-42m Selected chip and channel samples: 2.25 g/t Au, 1.35 g/t Au, and 2.9 g/t Au.
Slide 38: Summary
Summary • Hyland is a large under-explored regional-scale gold mineralized system • Sediment-hosted, structurally controlled gold-silver mineralized system with stockwork/veining, silica flood with boxwork texture, and replacement styles of mineralization – Large Polymetallic Mineralized System • Ro
Slide 39: Value Driven Acquisition, Discovery & Development
Value Driven Acquisition, Discovery & Development Email: info@banyangold.com Head Office: Website: www.BanyanGold.com Suite 250 - 2237 2nd Avenue T: (888) 629-0444 Whitehorse, Yukon Canada, Y1A 0K7 F: (888) 629-0444 Twitter: BanyanGold LinkedIn: Banyan-Gold-Corp 39