President & CEO of Banyan Gold Corp, Tara Christie speaks on the company’s two top tier projects with high potential to host multi million ounces.
“Banyan Gold is a Yukon focused gold exploration company. We have two top tier projects in the Yukon. Both of these have high potential to host multi million ounces. Our Hyland project has a maiden inferred resource of 400000 ounces at 1 gram. That resource is open in all directions including a depth and there’s additional targets on the property. It has a 186 square kilometer land package, so a very large land package. Lots of prospectivity, having a road into the property is a huge asset in the Yukon. We’re only 40 kilometers from the nearest Yukon government maintained road which makes it quite unique. To have a resource, a road and a project that’s permitted for 10 years. In just over a year we’ve really progressed Banyan, we’ve done several financings, we have added a strong property to our portfolio and we’ve advanced our main asset the Highland Gold Project via an extensive drill program this last year. We’ve seen a recent influx of interest from the majors like Nikko, Gold Corp. buying out Kaminak, Newmont, Barrick. They’ve all taken stakes in juniors and are investing in the Yukon because of its geological potential and that’s what makes it such a great place to explore. Particularly for Banyan, we have two high quality projects in the Yukon which we believe have multi-million ounce potential, great infrastructure, we have a great management team so we think we’re really well positioned with this influx of new investment interest in the Yukon.” – Tara Christie, President & CEO of Banyan Gold Corp.
At Banyan Gold Corp., our purpose is simple: Build a reputable mining company through value driven acquisition, discovery and development.
Banyan is focused on advancing two Yukon gold properties, the Hyland Gold Project and the Aurex-McQuesten Gold Project.
The Hyland Gold Project has an indicated mineral resource of 8.6 million tonnes grading 0.85 gram per tonne 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.
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