Banyan Gold Corp Stock Price, News & Analysis

Banyan Gold Corp. announced the results from 57 diamond drill holes from its 2022 exploration program at the Powerline and Aurex Hill deposits on the AurMac Property in Yukon. Key assay results include:

• 31.2 m of 0.84 g/t Au from DDH-22-350
• 30.5 m of 1.48 g/t Au from DDH-22-364
• 78.3 m of 0.48 g/t Au from DDH-22-371

The successful exploration program positions Banyan to advance the AurMac deposit into a potential district-scale resource. The company plans a 25,000 m drilling program in 2023 with the aim to expand gold resources.

Banyan Gold Corp has identified a substantial mineralization trend exceeding five kilometers at its AurMac Property in Yukon Territory. Recent drilling results from hole AX-22-365 revealed an average gold grade of 0.48 g/t Au over 45 meters, indicating significant potential for gold expansion. The company plans a Phase 1 drilling program of 25,000 meters set to commence in March 2023 to further explore this promising area. Additionally, the updated resource estimate for the AurMac Property stands at 3,990,000 ounces. Banyan continues to strengthen its position in the gold market, leveraging its strategic location near existing gold mining operations.

Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) announced the results from 37 diamond drill holes completed during its 2022 exploration program at the Powerline and Aurex Hill deposits in Yukon. Highlights include:

• 62.2 m of 0.59 g/t Au in DDH AX-22-306
• 32.5 m of 0.69 g/t Au in DDH AX-22-312
• 147.7 m of 0.70 g/t Au in DDH AX-22-323

The results confirm and expand the extent of gold mineralization at both deposits, which remain open for further exploration. The updated resource estimate for the AurMac Property stands at 3,990,000 ounces of gold.

Banyan Gold Corp (OTCQB:BYAGF) has successfully closed a non-brokered private placement financing of $12.2 million to enhance its treasury, aimed at advancing the AurMac Property in 2023. The placement included approximately 12.98 million premium flow-through shares at $0.568 each and 12.02 million common shares at $0.40. Proceeds will fund exploration activities, including over 25,000 metres of diamond drilling. The company also granted 7.75 million stock options to its team, establishing a solid foundation for future growth.

Banyan Gold Corp. (TSXV:BYN, OTCQB:BYAGF) has announced an increase in its non-brokered private placement to raise $12,180,391. This includes issuing up to 12,978,520 premium flow-through shares at $0.568 each and 12,021,480 common shares at $0.40 each, which are fully subscribed. Funds will be used for advancing the AurMac Property and general corporate purposes. Closing is expected around December 22, 2022, pending necessary approvals.

Banyan Gold Corp (OTCQB: BYAGF) plans to raise up to $11.5 million through a private placement of Premium Flow-Through shares priced at $0.568 and Hard Shares priced at $0.40. The offering aims to fund exploration at the AurMac Property and general corporate purposes. The proceeds from Premium FT Shares will be dedicated to Canadian exploration expenses and are expected to be completed by December 22, 2022. The AurMac Property has an updated resource of 3,990,000 ounces of gold.

Banyan Gold Corp. announced promising results from 36 diamond drill holes from its 2022 exploration program at the Powerline and Aurex Hill deposits in Yukon. Key highlights include:

• 56.6 m of 0.46 g/t Au in DDH AX-22-283
• 34.5 m of 1.00 g/t Au in DDH AX-22-284
• 19.2 m of 1.24 g/t Au in DDH AX-22-2844
• 70.6 m of 0.49 g/t Au in DDH AX-22-337

The drilling program totaled over 50,000 m, confirming and expanding gold mineralization. The findings support a strong understanding of the deposits’ potential, with ongoing exploration to enhance resource estimates.

Banyan Gold Corp. announced promising results from its 2022 diamond drilling program at the Powerline Deposit on the AurMac Property, with highlights including:

• 177.9 m of 0.47 g/t Au in DDH AX-22-251
• 114.1 m of 0.52 g/t Au in DDH AX-22-252
• 40.5 m of 0.86 g/t Au in DDH AX-22-257

These results indicate a consistent expansion of the mineralized footprint. The company, operating with four drills, aims to provide a resource update in 2023 after incorporating these assays into their geological model.

Banyan Gold Corp has appointed Jason Neal as an advisor, bringing his extensive experience in mining and investment banking. Neal's background includes leadership roles at G Mining Ventures and Kirkland Lake Gold. The company plans to enhance exploration efforts at its AurMac Property, which boasts an updated resource estimate of 3,990,000 ounces of gold. Additionally, Banyan has granted 425,000 stock options with an exercise price of $0.45 per share. The company remains focused on advancing its projects in the Yukon region.