Banyan Gold: Drilling Funded Through 2021
1.2 Million inferred and 200 thousand indicated ounces of gold
Banyan Gold’s primary asset is AurMac. The property is adjacent to Victoria Gold’s new Eagle Gold Mine, in Canada’s Yukon Territory, which announced commercial production on July 1, 2020. Further, Banyan’s operation has 1.2 million inferred and 200 thousand indicated ounces of gold. Additionally, drilling is funded through 2021.
Banyan is focusing on gold exploration projects. They like projects with 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. Moreover, their Yukon based projects both fit this model. Additionally, their objective is to gain shareholder value by advancing projects in its pipeline.
More on AurMac
The 173 sq km AurMac Property lies 30km from Victoria Gold’s Eagle Project. It’s also adjacent to Alexco ‘s Keno Hill Silver District. The property is highly prospective for structurally controlled, intrusion related gold-silver mineralization. It sits adjacent to the main Yukon highway and just off the main access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage. Banyan has optioned the properties from Victoria Gold and Alexco with a right to earn up to a 100% subject to royalties.
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