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Banyan Gold Corp
Symbol BYN
Shares Issued 46,890,560
Close 2016-09-28 C$ 0.11
Market Cap C$ 5,157,962
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Banyan Gold drills 475 m at Hyland

2016-09-29 10:06 ET - News Release

Ms. Tara Christie reports

BANYAN PROVIDES UPDATE ON 2016 FIELD PROGRAM

Banyan Gold Corp. has provided an update on its 2016 exploration program on the 100-per-cent-owned Hyland gold property. To date, 475 m of diamond drilling have been completed; three holes proximal to the Main zone gold-silver deposit with one hole designed to provide material for metallurgical test work. Trenches were completed at the Camp zone and Montrose Ridge zone, following up on arsenic plus gold-in-soils geochemical anomalies.

Banyan identified five targets along the Quartz Lake lineament in previous year's work programs, with 14 kilometres of the 18 km long trend yet to be systematically explored. The 2016 soil sampling program was designed to explore a large section of the southern part of the property along the Quartz Lake lineament. The soil sampling will assist the identification of additional high-priority targets for drill testing in 2017. Initial results from the 2016 Hyland program are expected in late October.

"The rethink of Hyland's regional setting and mineralization style shows similarity with certain Carlin-type deposits. This has greatly increased management's confidence that a large structurally controlled mineralized system exists along the Quartz Lake corridor," stated Tara Christie, president and chief executive officer. "The company continues to focus on demonstrating the district potential of gold and silver mineralization within the Hyland gold property."

In his conclusion of the Hyland technical report released in August, 2016, Rob Carne noted: "The major zones of mineralization on the Hyland Gold Property are aligned along the Quartz Lake Lineament, a greater than 18 km 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 2016 exploration program has been assisted by prepositioned fuel, supplies and exploration equipment including a D-6 Cat, PCS200 excavator and a KD1000 diamond drill. In addition, the 2016 Hyland exploration program was approved for funding by the Yukon Mineral Exploration Program (YMEP) with up to $40,000 of the program funded by the Yukon government.

This news release has been reviewed and approved by Paul D. Gray, PGeo, a qualified person as defined by NI 43-101.

About Banyan Gold

Banyan is a gold exploration and development company whose flagship property, the Hyland gold project, is approximately 70 km northeast of Watson Lake, Yukon, along the southeast end of the Tintina gold belt. The Main zone gold inferred resource, at a 0.6-gram-per-tonne gold-equivalent (AuEq) cut-off, hosts an NI 43-101-compliant resource of 12,503,994 tonnes containing 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t for a combined gold and silver 396,468 ounces gold equivalent.

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