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 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.