Calgary, Alberta (FSCwire) - BANYAN GOLD CORP. (“Banyan” or
the “Company”)
The Board of Directors of the Company announces the issuance of 700,000 stock options to purchase 700,000 shares at
an exercise price of $0.08 cents per share, expiring 5 years from the date of the grant.
The stock options are being issued to consultants, directors and officers of the Company in connection with the
Corporation’s annual compensation review process. The options were granted under and are subject to the terms and conditions of
the company's stock option plan.
Technical Information
The technical information in this news release has been reviewed and approved by Paul D. Gray, P.Geo., a Qualified
Person as defined by NI 43-101.
About Banyan Gold
Banyan is a Yukon focused gold exploration company, with two gold properties.
The Hyland Gold Project, is approximately 70km NE of Watson Lake, Yukon, along the southeast end of the Tintina
Gold Belt. The Hyland Main Zone Inferred Gold Resource Estimate, prepared in accordance with NI 43-101, at a 0.6g/t gold
equivalent cutoff, contains 12,503,994 tonnes with 361,692 ounces gold at 0.9g/t and 2,248,948 ounces silver at 5.59g/t for a
combined gold and silver 396,468 ounces gold equivalent at 0.99 g/t.
The Aurex-McQuesten Property, in close proximity to Victoria Gold's Eagle Project and Alexco Resource's Keno Hill
Silver District, is highly perspective for structurally controlled, intrusion related gold-silver mineralization.
Banyan trades on the TSX-Venture Exchange under the symbol “BYN”. For more information, please visit the corporate
website at www.BanyanGold.com or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of
this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein. This news release contains forward-looking information, which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward
looking information in this news release includes, but is not limited to, Banyan’s objectives, goals or future plans, statements
regarding exploration expectations, exploration or development plans and the timing of negotiating the definitive agreements.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited
to, uncertainties inherent to preparing a resource estimate within expected timeline, capital and operating costs varying
significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain
required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development
industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan’s public
documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as
of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at
all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law. Paul D. Gray of Banyan Gold Corp. is a
“qualified person” within the meaning of such term as set forth in National Instrument 43-101 of the Canadian Securities
Administrators, and has verified and supervised the preparation of all of the scientific and technical information contained in
this news release.
Statements in this news release regarding Banyan Gold which are not historical facts are “forward-looking
statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking
wording such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or
similar variations.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Banyan12282017.pdf
Source: Banyan Gold Corp. (TSX Venture:BYN)
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