Banyan Gold: 2 Projects with Multi-Million oz Potential
Developing gold resources in Canada’s Yukon
Banyan Gold is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that is advantageous for a mineral project to have potential to become a mine. Their Yukon based projects both fit this model. The Company’s objective is to gain shareholder value by advancing projects in its pipeline. Further, Banyan Gold is focusing on advancing two Yukon gold properties, the Hyland Gold Project and the Aurex-McQuesten Gold Project.
Hyland Gold Project
The Hyland Gold Project has a National Instrument 43-101 Technical Report (NI-43-101) 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.
The 9,230 ha Aurex-McQuesten Property lies in close proximity to both Victoria Gold’s Eagle Project and Alexco Resource’s Keno Hill Silver District. It’s also highly prospective for structurally controlled, intrusion related gold-silver mineralization in relation to the Tombstone intrusive suite. The property hosts numerous known gold targets. In addition, Banyan has developed a mineralization model at the McQuesten “Airstrip” Gold target. This is located adjacent to the main Yukon highway. It’s also just off the main access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage.
“We’re uniquely positioned with two high potential projects which we believe have the potential to host multi-million ounces, and that’s important because that’s what you need to actually take a project from exploration to developing a mine.” says President and CEO, Tara Christie.
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