BANYAN INTERSECTS GOLD AND SILVER AT THE HYLAND GOLD PROJECT

BANYAN INTERSECTS 30.7M OF 1.3 G/T GOLD AND 8.0 G/T SILVER AT THE HYLAND GOLD PROJECT, YUKON

These guys raised $1.2m earlier this year, redid the 43-101 resource estimate using old data, then drilled 3 holes.

The Main Zone gold Inferred Resource, at a 0.6 g/t gold equivalent (“AuEq”) cutoff, hosts a 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.

Personally, I don’t think there is any such thing as an equivalent to gold….  only gold is gold. Silver is also nice, but is not gold.

Also, if you have a gold deposit that is too small, and only have enough money to drill 3 holes, maybe you should drill all 3 holes as stepouts. Not infill. But I suppose one must get at least one decent hit or you will be in trouble. One of the 3 holes was infill, 2 were stepouts, though it is not quite clear which is which from the news release.

Luckily all 3 holes provided good hits!

Each of the three holes drilled in 2016 returned long intervals of Main Zone mineralization including: 30.7 metres of 1.30g/t Au and 8.0 g/t Ag from 18.3 to 49.0 metres (drill hole HY-16-48); 27.1 metres of 1.02 g/t Au and 16 g/t Ag from 24.4 to 51.5 metres (drillhole HY-16-49); and 35.7 metres of 1.00 g/t Au and 2.5 g/t Ag from 76.0 to 111.6 metres (drill hole HY-16-10).

Note that Banyan bought the Hyland project in 2012 from Argus Metals Corp. for $25k and 4m shares…  they have been chipping away at the property each year, sometimes with YMIP grants. They discovered a new zone, but it seems to be lower grade so far and is not included in the resource estimate.

CANTEX DRILLING UNDERWAY! In November!

Kelowna, Canada – October 31, 2016 – Cantex Mine Development Corp. (CD: TSXV) (the
“Company”) The Company is pleased to announce that drilling is underway on its North Rackla Project
in the Yukon.
Drilling is currently testing the newly discovered eastern silver-lead-zinc-copper massive sulphide zone.
Specifically, the southwestern extension of the massive sulphide zone is presently being tested. Though
this zone has not been trenched, composite gossan samples collected from sub-outcrop gossan samples
returned grades of up to 314 g/t silver, 13.85% lead, 18.7% zinc and 1.97% copper.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol.,
a Qualified Person under National Instrument 43-101, who is responsible for the technical content of
this release.
Signed,
Charles Fipke

cantex-scene

Just a word to the wise – diamond drilling above treeline 100km northwest of Keno Hill in November just might not be the best idea. Every day gets shorter and darker and colder. Maybe very, very cold. Lucky for them they have the great Al Doherty along to help!

THEY LIVE!!!

Some Yukon explorers have recently started or completed private placements. Hooray! If the PP is for greater than $1million it means they can actually do some real work, not just stay alive.

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Arcus Development Closes Private Placements with Goldcorp 

$1,398,851 from Goldcorp as part of the deal for claims adjacent to Coffee project.

Precipitate Receives $1,200,000 Through Warrant Exercise by Strategic Metals Ltd.

Although Precipitate has some Yukon claims, this money will be spent in Dominican Republic. Strategic Metals works mostly in Yukon, so I see this as money leaving the territory. Not so good…

Northern Freegold Announces Private Placement and Closes First Tranche

$1,585,125 already closed, and probably more to come. Plus warrants.

Cariboo Rose Completes Casino “B” Option with Western Copper and Gold and Sells Back Nine Claims

OK, so no money changed hands in this one. But the Casino pit can now expand a bit. The pit edge of the current design at Casino terminates against the property boundary with Cariboo, not a geology or grade cutoff boundary. So expect them to add a few tonnes. Of course lack of tonnage is not really a problem at Casino…

BMC Minerals – Kudz Ze Kayah project open houses – Attend!

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Nov 14 – Ross River Hope Centre                6:30 – 8:30pm Presentation and Open House

Nov 15 – Faro Rec. Centre                             6:30 – 8:30pm Presentation and Open House

Nov 16 – Whitehorse High Country Inn    6:30 – 8:30pm Presentation and Open House

Nov 17 – Watson Lake Rec. Centre            6:30 – 8:30pm Presentation and Open House

Note that the company recently released a new mineral resource estimate.  The release is 40 pages long, and contains plans and sections. Of note, they include the newly discovered Krakatoa zone, adding about 4 million tonnes to the project at lower Cu grade but higher Pb, Zn, Ag & Au grades. JORC compliant, in-house.

Indicated and Inferred: 19.2m Tonnes @ .9% Cu, 1.9% Pb, 6.3% Zn, 1.4 g/t Au, 148 g/t Ag. Not bad! And there is also the GP4F deposit of 1.7m T at lower grades, still open.

Hey, they also recently bought the Wolf deposit in the same neighbourhood.

Rumour:  They are currently drilling 1000m+ holes (or trying to), with some very difficult drilling conditions.

News on these guys is not as prominent as for publicly traded companies. They have two websites, one corporate  http://bmcminerals.com  and one community-oriented  http://kudzzekayah.com/  .

UPDATE: Just so you know, BMC is controlled by Barclays Bank,  UK banking behemoth. And they must agree that Zinc will be a great commodity next year.

Bearing Resources Provides Update Of Yukon Hy-Jay Gold Property

Here is a wonderful news release…  they dig up some prospecting assays from 2011. Not a bad “new” zone, discovered only a km or so from a couple of known gold zones, and never drilled. Up to 47 g/t Au and 230 g/t Ag.  It is surprising what you can find if you know what you are looking for!

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HY JAY HERO SHOT

But this company has done virtually nothing constructive this year. And they have basically gotten out of the mining game – none of the remaining directors have an exploration background. And they disposed of some of their best mining properties for some shares and lunch money. Commander Resources Ltd. now has the Flume property, probably the best Yukon property that Bearing had. One of the properties that Bearing still shows on their website is the BIG claims. However, what is left of BIG are a few peripheral claims that will expire soon that were part of a decent sized block that lay adjacent to the Clear Creek property (now owned by Victoria Gold). The best part of the BIG block lapsed and was restaked a couple years ago by some genius. (Ask me how I know… )

Here is the kicker:

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Yes, you could have bought some BEARING shares for 2 or 4 cents and sold them for 46 cents in the past year.

 

TODAY IS THE DAY!!!

US, world holds its breath with uncertain Yukon election results

WHITEHORSE – With the outcome far from certain in the Yukon territorial election on November 7th, other nations across the globe have been increasingly anxious about who will become Premier.

The upcoming vote for the second-most populous territory in Canada has been closely watched by US media outlets for the past two years.

Last week, world markets were sent into a tailspin when a recent poll showed the governing Yukon Party virtually tied with the Yukon Liberal Party, and the Yukon NDP close behind.

According to Sean Trende of RealClearPolitics, hourly polling of Yukon residents have demonstrated that it could come down to a single vote to determine the next government. “Our website has crashed repeatedly from millions of viewers trying to see the latest likeability poll between Premier Darrell Pasloski, Liberal Leader Sandy Silver and NDP Leader Liz Hanson. Americans are also concerned about fourth party candidates such as Green Party Leader Frank de Jong splitting the vote.”

US Presidential candidates Hillary Clinton and Donald Trump have both said they will be biting their nails as the first results trickle in on Monday night. “Whatever the outcome is, I am calling for calm in the Yukon,” announced Clinton in a campaign stop in Florida.

“The swing riding of Vuntut Gwitchin will be key to a Liberal victory,” explained Fox News commentator Charles Krauthammer. “If all 165 voters show up to the polls, Silver may pull off an upset, unless [Yukon Party] Darius Elias crosses the floor again back to the Grits.”

Russia has made an effort to influence the outcome of the election by conducting two military drills in near Herschel Island in response the NDP’s proposal to improve Yukon College.

According to CNN, the race has been very divisive. Wolf Blitzer explained “Locals who support opposing parties will only say ‘Hello, how are you?’ to each other rather than sharing long anecdotes about recent hunting or hiking trips. Whoever is declared Premier at the end of this will have to do a lot a reuniting the territory, if it’s not already too late.”

Klondike Gold Corp hits at Lone Star!

The first hole drilled at the Lone Star project hits good! One of the best ever from this area.

The first hole at Lone Star, LS16-58, intersected a broad zone of disseminated gold mineralization with two quartz vein arrays which assayed 2.4 g/t Au over 37.0 meters

But wait – this is hole 58 of 2016. The first 57 didn’t do so well. A couple of 22cm super high grade hits. Probably veins of the category known as Short, High-grade, Inconsistent Type

I also like this quote:  “The Company’s geological team are congratulated for their diverse contributions that led to identification and upgrading of a Klondike-era prospect to a significant drillable target.

Makes it sound like nobody has found anything worth drilling there since the 1898 gold rush. But here is work conducted in the modern era before the current team took over – from the KG website. Including 25km+ of drilling in the area:

  • 1979-1985: Dawson Eldorado Gold Exploration / Klondike Ken Ventures explored the property with geochemical sampling, a resistivity survey and trenching in 1980-81, geological mapping in 1983 and 1984 and geochemical sampling and rock sampling of old workings in 1984. In 1985, Dawson Eldorado drilled 6 percussion holes (183 m).
  • 1986-1994: Arbor Resources then Kennecott Canada Inc. as part of an option agreement with Arbor conducted exploration on the property. This included multiple geophysics grids and 196 drill holes consisting of 13,075 m of RC and percussion drilling and 8094 m of diamond drilling. In addition approximately 220 trenches were dug and over 4000 trench samples assayed as well as over 5000 soil samples across the property. The majority of the work was concentrated around the Boulder Lode and the Nugget to Buckland Zone between Gay Gulch and 27 Pup which accounted for 68 and 63 drill holes respectively.
  • 1995: Kennecott terminated its option agreement with Arbor Resources who changed their name to Klondike Gold Corp. in 1996.
  • 1996: Newmont performed bulk sampling and amenability to milling tests as an evaluation of the property.
  • 2004: Klondike Gold Corp. enters into a joint venture with Klondike Star Mineral Corp.
  • 2004- 2008: Klondike Star drilled 66 diamond holes and 6 percussion holes totalling 9291 m. Approximately 35 trenches were dug and numerous historic trenches were cleaned out and re-assayed with over 1600 samples collected as well as over 2500 soil samples. A bulk sampling program was also conducted on selected targets between 2005 and 2007 in areas identified by geologists as having anomalous mineralization.
  • 2011: Klondike Gold conducted a limited exploration program including trenching and soil and rock sampling along the Lone Star ridge road. In addition select trenches and the historic Boulder Lode were examined to investigate the relationship of structure to gold grade. The relationship between mineralization and the complicated structure of the area was also examined and a structural model was developed that may be used to guide future work in the Lone Star area.
  • 2012: Klondike Gold completed four diamond drill holes at Lone Star totalling 1,381.1 meters of core.

 

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Lots and lots of drilling already done here, folks, nothing new!