02:06:49 EDT Sat 20 Apr 2024
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Banyan Gold Corp
Symbol BYN
Shares Issued 28,384,000
Close 2016-08-04 C$ 0.065
Market Cap C$ 1,844,960
Recent Sedar Documents

Banyan Gold appoints Christie as president, CEO

2016-08-05 09:08 ET - News Release

Mr. Mark Ayranto reports

BANYAN GOLD APPOINTS NEW CEO AND RELEASES UPDATED HYLAND GOLD PROPERTY 43-101 TECHNICAL REPORT

Banyan Gold Corp. has appointed Tara Christie as president and chief executive officer of the company. It has also released a new, updated National Instrument 43-101 technical report on the Hyland gold property authored by Rob Carne, PGeo, and Allan Armitage, PGeo.

Ms. Christie is an accomplished mining executive with more than 20 years of operational experience. She has managed a number of private and publicly listed mineral resource companies and served as a member of the Yukon Environmental and Socioeconomic Assessment Board. Ms. Christie completed her bachelor's degree and master's degree in geotechnical engineering and has spent most of her career working in Yukon and on resource exploration and development projects in Northern Canada.

"Tara brings with her a unique blend of mining experience spanning from the pit face to the boardroom," commented Mark Ayranto, chairman of Banyan Gold. "As a Yukon resident and long-time director of Banyan, Tara is well suited to advance Banyan's Hyland gold project and create real shareholder value."

Ms. Christie stated, "Banyan's Hyland gold project represents an exciting opportunity for shareholders and the company is poised to begin a 2016 field program following recommendations of the first phase of the newly released updated technical report."

In his conclusion of the Hyland technical report, Mr. Carne noted: "The major zones of mineralization on the Hyland gold property are aligned along the Quartz Lake lineament, a greater-than-18-kilometre-long zone of faulting, folding and brecciation that has been the locus of a variety of styles of gold mineralization. The vertically and horizontally extensive areas of known gold mineralization, in conjunction with other less-well-explored areas of strongly anomalous gold and pathfinder element response, are testament to a strong causative hydrothermal system that gave rise to a district-scale area with high exploration potential for a variety of sediment-hosted gold exploration targets types such as the Marigold mine in the Battle Mountain-Eureka trend of north-central Nevada and the Rau trend of central Yukon."

The technical report will be filed on SEDAR, as well as made available on the company's website.

The company also has proposed to issue 700,000 shares for services completed subject to TSX Venture Exchange approval and customary hold periods and has issued 500,000 stock options at 6.5 cents per share to an officer of the company. They are exercisable for a period of five years.

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

We seek Safe Harbor.

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