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Banyan Gold Corp. reports developments tied to its AurMac Project in Canada's Yukon Territory, where the company advances gold exploration and resource definition across deposits including Powerline and Airstrip. Recurring updates include drill results for gold and silver mineralization, mineral resource and technical-study work, and project infrastructure context for the 303-square-kilometre property near Mayo.
Company news also covers capital actions such as private placements and flow-through share financings, management and corporate-development appointments, shareholder voting matters, and other capital-structure disclosures for the TSX Venture- and OTCQB-quoted issuer.
Banyan Gold Corp. announced positive assay results from its 2022 drilling program at the Powerline deposit on the AurMac Property. Highlights include:
- 32.1 metres of 0.78 g/t Au in DDH AX-22-205
- 34.8 metres of 1.07 g/t Au in DDH AX-22-206
- 33.9 metres of 0.74 g/t Au in DDH AX-22-207
- 22.5 metres of 1.07 g/t Au in DDH AX-22-208
Over 17,000 metres of drilling have been completed, expanding mineralization at Powerline. The company expects ongoing results throughout 2022.
Banyan Gold Corp. announced the final analytical results from its 2021 exploration program at the Powerline Deposit, AurMac Property. The results show significant gold mineralization, with highlights including:
- 15.5 m of 1.31 g/t Au in DDH AX-21-181
- 34.5 m of 1.29 g/t Au in DDH AX-21-186
- 21.2 m of 3.02 g/t Au from surface in DDH AX-21-198
The results have prompted a large step-out drill program for 2022, enhancing the project's economic potential. Additionally, an option agreement amendment with Victoria Gold allows for increased flexibility in project timelines.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) announced the successful outcome of its 2022 annual general meeting held on March 31, 2022. All proposed resolutions, including the re-election of directors and the reappointment of auditors, were approved. A total of 56,152,197 shares were represented, showcasing significant shareholder involvement. Mark Ayranto did not seek re-election and is no longer the Chairman. Additionally, the company provided an update on its ongoing exploration program and safety measures against COVID-19. Banyan continues to focus on advancing its AurMac and Hyland projects in Yukon.
Banyan Gold Corp. has released promising assay results from 21 diamond drill holes in its 2021 exploration program at the Powerline Deposit on the AurMac Property. Key findings include:
- 48.6 m of 0.51 g/t Au from 36.7 m in DDH AX-21-166
- 69.4 m of 0.63 g/t Au from 125.9 m in DDH AX-21-170
- 96.7 m of 0.86 g/t Au from 73.4 m in DDH AX-21-197
The results suggest extensive gold mineralization, contributing to updates in the AurMac Gold Resource estimations planned for Q2 2022.
Banyan Gold Corp has appointed Marc Blythe as a director. With over 29 years in the mining sector, Blythe previously held senior roles at Nevsun Resources and Tarsis Resources. His expertise in project development and corporate strategy is expected to enhance Banyan's board as the company progresses with its Resource update and Preliminary Economic Assessment (PEA) for the AurMac and Hyland Projects. The company has also issued 400,000 stock options at $0.395 per share.
Banyan Gold Corp. (BYAGF) released results from 21 diamond drill holes from its 2021 exploration at the Powerline Deposit on the AurMac Property. Highlights include:
- 59.5 m of 0.71 g/t Au from surface (DDH AX-21-140)
- 55.2 m of 1.02 g/t Au from 88.1 m (DDH AX-21-142)
- Next phase involves enhanced drill spacing and 100 m step-out drilling.
The results confirm the extensive gold mineralization over 1.2 km of strike length, indicating growth potential for upcoming resource estimation.
Banyan Gold Corp (TSXV:BYN, OTCQB:BYAGF) announced the start of its 2022 exploration program at the AurMac Property in Yukon, aiming for a 30,000 metre drill program. The focus will be on expanding the Powerline Deposit and exploring the Aurex Hill Zone. The company reported positive findings from the previous year, indicating gold mineralization continuity over 1.2 km. The initiative is set to enhance the existing resource of 903,945 oz Au at AurMac, leveraging existing infrastructure for potential future development.
Banyan Gold Corp has announced that its common shares are now listed on the OTCQB Venture Market under the symbol BYAGF, while continuing to trade on the TSX Venture Exchange as BYN. The company completed a $16 million financing in 2021 and plans to drill an additional 30,000 meters at its AurMac Property in 2022, which has an inferred resource of 903,945 ounces of gold. This listing aims to enhance access for U.S. investors and supports the ongoing exploration and expansion activities at AurMac.