Banks Island Gold Ltd. announced that it has received assay results from the Yellow Giant Gold Project located near Prince Rupert, BC. Reported results include diamond drilling completed at the Tel Zone. Drilling at the Tel Zone is focused on testing the down dip continuity of the currently modeled resource and following up on encouraging intercepts from 2011 and 2012 drilling.

Drillhole BIG-14-59 intersected a sequence of stacked mineralized quartz veins 130 m below the current resource at the Tel Zone. The mineralization consists of up to 20% coarse-grained pyrite aggregates and trace sphalerite-chalcopyrite within quartz veins. Drillhole BIG-14-59 is the deepest completed at the Tel Zone to date and the Company is encouraged by the width of mineralization encountered.

Further drilling is planned in this area to determine the extent of mineralization at the Tel Zone to depth.