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Banyan Gold Corp
Symbol BYN
Shares Issued 24,384,000
Close 2015-09-04 C$ 0.035
Market Cap C$ 853,440
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Banyan intersects massive sulphide at Hyland

2015-09-08 09:50 ET - News Release

Mr. Mark Ayranto reports

BANYAN GOLD COMPLETES 2015 EXPLORATION PROGRAM AT HYLAND, YUKON

Banyan Gold Corp.'s 2015 Hyland gold project exploration program has been successfully completed. Importantly, Banyan has validated the theory a deep-seated, replacement-style mineralization model exists on the growing Hyland gold project. The 2015 Hyland diamond drilling targeted the Camp zone an underexplored area approximately 500 metres north of the Main zone, which hosts Hyland's maiden resource of approximately 400,000 gold equivalent (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 arsenopyrite 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 intercept the lower limestone unit of the Hyland group formation metasedimentary package and 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 undertested 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 drill holes in the rapidly developing Camp zone.

Coincident 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 one 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 subcrop within the broad gold-arsenic-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 unmapped member of the hosting Hyland group, the Yusezyu conglomerate, on the Hyland gold property.

"The speed, efficiency and low cost in which the Banyan team was able to conduct the 2015 exploration program was very impressive," commented Mark Ayranto, chairman. "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."

The work conducted at the Montrose Ridge zone is supported in part by the Yukon mineral exploration program (YMEP), whereby the Yukon government will finance up to approximately $40,000 of the exploration program on the Hyland gold south project.

In total, 327 diamond drill samples and 193 trench samples were collected during the 2015 program and sent for chemical analyses at Bureau Veritas Commodities Canada Ltd. (formerly Acme Analytical Laboratories), results will be released as soon as they have been made available.

This news release has been reviewed and approved by Paul D. Gray, BSc, PGeo, vice-president, exploration, for Banyan Gold, is the qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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