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About Banyan Gold Corp (BYAGF)
Banyan Gold Corp is a Canadian mineral exploration company dedicated to the discovery and development of gold resources in the Yukon Territory, a region renowned for its mining-friendly policies and rich mineral endowment. The company’s flagship asset, the AurMac Project, boasts an inferred mineral resource estimate of 7.0 million ounces of gold, making it one of the largest potentially open-pit mineable gold resources in North America. Banyan Gold is listed on the TSX Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market as "BYAGF."
Core Business and Value Proposition
Banyan Gold focuses on advancing its gold exploration projects to unlock value for shareholders and stakeholders. The company’s strategy emphasizes the development of near-surface, road-accessible deposits that offer lower exploration and development costs. With a strong commitment to environmental stewardship and community engagement, Banyan Gold aligns its operations with industry-best practices and regulatory standards, including compliance with National Instrument 43-101 (NI 43-101) guidelines for mineral resource reporting.
Flagship Project: AurMac
The AurMac Project is located in the Mayo Mining District of Yukon, approximately 40 kilometers northeast of the village of Mayo and adjacent to two producing mines: Victoria Gold's Eagle Gold Mine and Hecla Mining's Keno Hill Silver Mine. Spanning 173 square kilometers, AurMac benefits from existing infrastructure, including all-season road access, a 3-phase powerline, and proximity to hydroelectric power stations. The project comprises two primary deposits, the Airstrip and Powerline Deposits, both characterized by near-surface mineralization, which supports cost-effective open-pit mining.
Recent exploration programs at AurMac have focused on resource expansion, infill drilling, and metallurgical studies. The company has demonstrated robust gold recoveries through conventional processing methods, including Carbon-in-Leach (CIL) and flotation, further enhancing the project's economic viability. The ongoing exploration and technical work aim to support a Preliminary Economic Assessment (PEA) by 2025.
Additional Assets
In addition to AurMac, Banyan Gold holds the Hyland Gold Project, located in the southeastern Yukon. This sediment-hosted, structurally controlled gold deposit covers over 125 square kilometers and is accessible via existing gravel roads. The Hyland Project provides Banyan with additional exploration upside and diversification within the prolific Tintina Gold Belt.
Competitive Advantages
- Strategic Location: Proximity to operational mines and existing infrastructure reduces exploration and development costs.
- Significant Resource Base: The 7.0 million-ounce inferred gold resource positions AurMac as a major asset in the North American gold sector.
- Mining-Friendly Jurisdiction: Operating in Yukon provides regulatory stability and access to skilled labor.
- Experienced Leadership: Banyan Gold’s management team combines technical expertise with a track record of successful mineral exploration and development.
Industry Context
Banyan Gold operates within the gold exploration and mining industry, which is influenced by factors such as gold price trends, geopolitical stability, and advancements in mining technology. The company’s focus on near-surface, road-accessible deposits aligns with industry demand for cost-effective and environmentally responsible mining solutions. By leveraging its strategic location and robust resource base, Banyan Gold is well-positioned to capitalize on the growing demand for gold as both an investment and industrial commodity.
Commitment to Sustainability
Banyan Gold is committed to sustainable development practices, including minimizing its environmental footprint and fostering strong relationships with local communities and First Nations. The company’s environmental baseline studies and community engagement initiatives underscore its dedication to responsible resource development.
Conclusion
Banyan Gold Corp represents a compelling opportunity in the gold exploration sector, combining a significant resource base, strategic location, and a clear path to project advancement. With its flagship AurMac Project and additional exploration upside from the Hyland Gold Project, Banyan Gold is poised to deliver long-term value to its shareholders while contributing to the sustainable development of Canada’s Yukon Territory.
Banyan Gold Corp has announced the launch of its 2023 exploration program at the AurMac Property in the Yukon, supported by the addition of Brad Thrall as a technical advisor. The program will initiate drilling with three rigs, targeting a total of 25,000 meters aimed at resource expansion. Significant results from 2022 include gold intercepts of 1.13 g/t and 1.48 g/t, highlighting the potential for further discoveries. The AurMac Property contains an updated resource estimate of 3,990,000 ounces of gold. Banyan is also set to participate in industry events to enhance its visibility.
Banyan Gold Corp. announced the results from 57 diamond drill holes from its 2022 exploration program at the Powerline and Aurex Hill deposits on the AurMac Property in Yukon. Key assay results include:
- 31.2 m of 0.84 g/t Au from DDH-22-350
- 30.5 m of 1.48 g/t Au from DDH-22-364
- 78.3 m of 0.48 g/t Au from DDH-22-371
The successful exploration program positions Banyan to advance the AurMac deposit into a potential district-scale resource. The company plans a 25,000 m drilling program in 2023 with the aim to expand gold resources.
Banyan Gold Corp has identified a substantial mineralization trend exceeding five kilometers at its AurMac Property in Yukon Territory. Recent drilling results from hole AX-22-365 revealed an average gold grade of 0.48 g/t Au over 45 meters, indicating significant potential for gold expansion. The company plans a Phase 1 drilling program of 25,000 meters set to commence in March 2023 to further explore this promising area. Additionally, the updated resource estimate for the AurMac Property stands at 3,990,000 ounces. Banyan continues to strengthen its position in the gold market, leveraging its strategic location near existing gold mining operations.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) announced the results from 37 diamond drill holes completed during its 2022 exploration program at the Powerline and Aurex Hill deposits in Yukon. Highlights include:
- 62.2 m of 0.59 g/t Au in DDH AX-22-306
- 32.5 m of 0.69 g/t Au in DDH AX-22-312
- 147.7 m of 0.70 g/t Au in DDH AX-22-323
The results confirm and expand the extent of gold mineralization at both deposits, which remain open for further exploration. The updated resource estimate for the AurMac Property stands at 3,990,000 ounces of gold.
Banyan Gold Corp (OTCQB:BYAGF) has successfully closed a non-brokered private placement financing of $12.2 million to enhance its treasury, aimed at advancing the AurMac Property in 2023. The placement included approximately 12.98 million premium flow-through shares at $0.568 each and 12.02 million common shares at $0.40. Proceeds will fund exploration activities, including over 25,000 metres of diamond drilling. The company also granted 7.75 million stock options to its team, establishing a solid foundation for future growth.
Banyan Gold Corp. (TSXV:BYN, OTCQB:BYAGF) has announced an increase in its non-brokered private placement to raise $12,180,391. This includes issuing up to 12,978,520 premium flow-through shares at $0.568 each and 12,021,480 common shares at $0.40 each, which are fully subscribed. Funds will be used for advancing the AurMac Property and general corporate purposes. Closing is expected around December 22, 2022, pending necessary approvals.
Banyan Gold Corp (OTCQB: BYAGF) plans to raise up to $11.5 million through a private placement of Premium Flow-Through shares priced at $0.568 and Hard Shares priced at $0.40. The offering aims to fund exploration at the AurMac Property and general corporate purposes. The proceeds from Premium FT Shares will be dedicated to Canadian exploration expenses and are expected to be completed by December 22, 2022. The AurMac Property has an updated resource of 3,990,000 ounces of gold.
Banyan Gold Corp. announced promising results from 36 diamond drill holes from its 2022 exploration program at the Powerline and Aurex Hill deposits in Yukon. Key highlights include:
- 56.6 m of 0.46 g/t Au in DDH AX-22-283
- 34.5 m of 1.00 g/t Au in DDH AX-22-284
- 19.2 m of 1.24 g/t Au in DDH AX-22-2844
- 70.6 m of 0.49 g/t Au in DDH AX-22-337
The drilling program totaled over 50,000 m, confirming and expanding gold mineralization. The findings support a strong understanding of the deposits’ potential, with ongoing exploration to enhance resource estimates.
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