CEO Clips - Banyan Gold: Uncovering New Grade Potential in the Yukon
Banyan Gold is focused on expanding and enhancing the economics of its 7-million-ounce gold resource in the Yukon, with exploration and economic studies underway in 2024 and beyond.
Advancing one of Canada’s largest inferred gold resources with key infrastructure in place
With an inferred gold resource totaling 7 million ounces, Banyan Gold is establishing itself as a key player in Yukon’s gold exploration scene. What sets the company apart is the location of its project—flat topography, existing road access, and power infrastructure help position it for cost-efficient advancement. The mineralization starts at surface, and while the overall grade currently averages 0.63 g/t, 2024 drilling has identified multiple higher-grade trends that may reshape the project's economic profile.
Looking ahead, Banyan is focused on updating its resource estimate and preparing for a Preliminary Economic Assessment (PEA) in Q4 2024. With financing lined up for further drilling in 2025, the company continues to explore the full potential of its large-scale project. In a year when gold is back in focus, Banyan Gold is advancing with a strategy grounded in infrastructure, scale, and promising new data.
Key Points:
- 7M oz inferred gold resource in Yukon
- Drilling has identified higher-grade gold zones
- Strong infrastructure: roads, power, and surface-accessible mineralization
- Updated resource and PEA expected in Q4 2024
- Fully financed exploration plans for 2025
To learn more about Banyan Gold (TSX.V: BYN, OTCQB: BYAGF), please click the request investor info button.
Disclaimer:
Reference News Release February 7, 2024, Marc Jutras, P.Eng, M.A.Sc., Ginto Consulting Inc. 0.30 g/tcut-off grade, US$/CAN$ exchange rate of 0.75 and constrained within an open-pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources.
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