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Banyan Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 250 – 2237 2nd Avenue
Whitehorse, YT
Canada Y1A 0K7
Tel No.: 1-888-629-0444
Toll Free No.: 1-888-629-0444
Web Site: www.banyangold.com
E-mail: info@banyangold.com
Contact Person: Tanuja Skerlec
Position: Corporate Development & IR


Company Data

Traded Market: TSX-V
Traded Symbol: BYN
Outstanding Shares: 77,704,193
Public Float: 35,000,000
52 Week High: $ 0.15
52 Week Low: $ 0.055
Present Price: Click Here


Introduction

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Banyan Gold Corp. is a well-financed growth stage gold exploration company, focused on advancing two Yukon gold properties, the flagship Hyland Gold Project and the Aurex-McQuesten Gold Project.

The Hyland Gold Project has a current NI 43-101 Indicated Mineral Resource of 8.6 million tonnes grading 0.85 g/t gold equivalent (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 at a 0.3 g/t AuEq cut-off. This resource is located in its entirety on what is known as the “Main Zone”, is open in all directions and at depth, and has the potential to host a multi-million ounce deposit.

Investment Highlights

  • Yukon Focused Gold Projects
  • Hyland Gold Project
    • Opportunity to increase gold mineralization (inferred resource) along strike and at depth
    • Multi-million ounce potential
  • Aurex-McQuesten Project
    • Intrusion related gold project – proximal to Victoria Gold's Eagle Project
    • Strategic Partnership with Alexco Resource Corp. and Victoria Gold Corp.
  • Experienced Management and Board
  • Fully Funded into 2018
  • Potential Project Acquisitions
    • Management has proven track record for finding quality properties
  • Uniquely Positioned for Strong Shareholder Returns


Projects in Hand

(1) Hyland Gold Project, Yukon

The 100% owned flagship Hyland Gold Project is located in the Watson Lake Mining District in southeast Yukon, approximately 70 kilometres northeast of Watson Lake, along the southeast end of the Tintina Gold Belt. The Project covers over 18,620 hectares in area that is currently accessible by vehicles on a winter road from Watson Lake. The Hyland Gold project consists of the Main Zone, Camp Zone, Cuz Zone, and Montrose Ridge Zone that extends over 11 kilometres.

The Hyland Main Zone has a current NI 43-101 Indicated Mineral Resource of 8.6 million tonnes grading 0.85 g/t gold equivalent (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 at a 0.3 g/t AuEq cut-off (effective date March 22, 2018).

Hyland 2017 Trench Results

  • 2017 Trenching has extended the Main Zone by more than 150 metres to the north
  • Results include:
    • 116 metres of 1.19 grams per tonne gold and 13.16 g/t silver in TR17-04;
    • 56 metres of 1.42 g/t Au and 3.94 g/t Ag in TR17-02;
    • 22 metres of 1.47 g/t Au and 49.98 g/t Ag in TR17-07;
    • 6 metres of 1.15 g/t Au and 16.23 g/t Ag in TR17-06B.
  • Proves high grade near‐surface gold mineralization

Project highlights

  • Property covers over 18,620 hectares
  • NI 43-101 Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces on the Main Zone
  • Large regional resource potential
  • Deposit upgradable to +1M gold ounces
  • Sediment hosted, structurally-controlled, Carlin-style mineralization
  • Low development cost due to existing infrastructure – existing seasonal road access
  • Existing camp and equipment on-site
  • 10 year Class III mining Land Use Permit (April 2017)

Strategy for 2018

  • Updated Inferred Resource (Updated on March 22, 2018)
  • Find Feeder System and develop multi-million ounce resource
    • Similar to the Marigold Mine “string of pearls”
    • Drill test Camp Zone
    • 2.5 km of strike between Main Zone and Camp Zone
  • Drill test Montrose Ridge and Cuz zones
  • Progress structural and geochemical anomalies on rest of property to drill ready
  • Continue to expand geochemistry on rest of property

(2) Aurex-McQuesten Gold Project, Yukon

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. Additionally, both Victoria Gold Corp. and Alexco Resource Corp. are strategic partners on this project, providing camp, geological and financial support.

Project highlights

  • Aurex Project acquired from Victoria Gold Corp.
  • McQuesten acquired from Alexco Resource Corp.
  • Large land package of 9,230 hectares (506 claims)
  • First time property consolidation
    • First time datasets have been combined (~$7M historic exploration data) and geological model developed
    Located in prolific Mayo Mining District, prospective ground between 2 mine development stage projects (Eagle and Keno Hill)
  • Large regional resource potential
  • Highly prospective for intrusion related gold mineralization
  • Year round access

Aurex Exploration Highlights

  • Aurex exploration campaigns have predominantly focused on the Aurex Hill showings
  • Recent soil geochemical studies have identified a new target area to the East – in areas immediately up-slope of placer production creeks
  • Drill ready targets defined: step-out and definition drilling

McQuesten Exploration Highlights

  • Exploration focused on the main McQuesten Zone (a 1,500 m x 500 m zone within 1 km of former Aurex boundary)
  • Detailed geophysics including airborne EM-Mag
  • Drill ready targets defined: step-out and definition drilling

Exploration Strategy for 2018

  • Multiple drill ready target areas on property
  • Increase knowledge and step-out drilling on McQuesten and Aurex Hill
  • Find buried intrusive Feeder System


Management

Tara Christie, M.Sc., P.Eng., President & Chief Executive Officer, Director

Ms. Christie has over 20 years' experience in the exploration and mining business. She is the President of KECM Services, and was President of Gimlex Gold Mines Ltd. She has been a member of the Board of Directors of Constantine Metal Resources Ltd. since July 2006. Ms. Christie is also a board member of PDAC and was a founding board member of the Yukon Environmental and Socio-Economic Assessment Board.

David Rutt, CMA, CPA, Chief Financial Officer

Mr. Rutt has over 27 years financial industry experience. Mr. Rutt is Chief Financial Officer of Stratus Aeronautics. Mr. Rutt was the Secretary-Treasurer of Landis Energy, and was the Chief Financial Officer of Landis Energy.

Paul Gray, P.Geo., Vice President of Exploration

Mr. Gray has over 20 years mineral exploration experience. Mr. Gray has worked extensively as an exploration geologist in the Mineral Exploration Industry in Canada, the United States, Asia and Central and South America for the past 17 years. Mr. Gray has been working in the Yukon and North West Territories with advanced gold exploration projects since 2004.

Mark Aryanto, Chairman

Mr. Aryanto has over 15 years' project development experience including ten years' experience working in the Yukon.

David Reid, LL.B, Director

Steve Burleton, MBA, CFA, Director

Jay Collins, P.Eng., Director

Please refer to Banyan's website www.banyangold.com for complete biographies.


News Update

On June 18, 2018, Banyan Gold Corp. has commenced the 2018 field exploration season, with field-based trenching, diamond drilling and geochemical sampling programs planned for the Company's wholly owned, flagship Hyland gold project located in Yukon.

On May 02, 2018, Banyan Gold Corp. files N.I. 43-101 technical report on updated mineral resource estimate for the manin zone, Hyland gold property, Yukon Territory. The indicated gold resource estimate contains 8.6 million tonnes grading 0.85 gram per tonne gold equivalent for 236,000 gold equivalent ounces with an inferred mineral resource of 10.8 million tonnes grading 0.83 gram per tonne gold equivalent for 288,000 gold equivalent ounces at a 0.3-gram-per-tonne-gold-equivalent cut-off.

On April 18, 2018, Subject to regulatory approval, Banyan Gold Corp. has retained Independent Trading Group Inc. (ITG) to provide market maintenance services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

On March 22, 2018, Banyan Gold Corp. announced an updated NI 43-101 mineral resource estimate on the Main Zone at its Hyland gold project. Hyland's Indicated Mineral Resource has increased to 8.6 million tonnes grading 0.85 g/t gold equivalent (“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 at a 0.3 g/t AuEq cut-off.

On March 13, 2018, Banyan Gold Corp. reported 86% average gold recoveries from finalized Hyland Gold Project Main Zone column leach tests. The test work also demonstrated strong leaching kinetics with a range of 73-87%, demonstrate the main zone is potentially amenable to an open-pit, heap-leach-style processing method.


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