Banyan Gold: Well-Positioned in Yukon's New Mining District
Banyan is focused on advancing two Yukon gold properties, the Hyland Gold Project and the Aurex-McQuesten Gold Project. They have a multi-million-ounc …
Aggressively increasing its gold resource on its multimillion ounce potential project
Banyan is focused on advancing two Yukon gold properties, the Hyland Gold Project and the Aurex-McQuesten Gold Project. They have a multi-million-ounce gold potential with their AurMac project. Additionally, they have a management team with a track record of success.
The Hyland Gold Project
This project is located in the Watson Lake Mining District in southeast Yukon. What is known as their "Main Zone" has the potential to host a multi-million ounce deposit. Furthermore, the Hyland Gold Project has a National Instrument 43-101 Technical Report (NI-43-101) indicated mineral resource of 8.6 million tonnes grading 0.85 gram per tonne gold equivalent (AuEq) for 236,000 AuEq ounces with an inferred mineral resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces at a 0.3 g/t AuEq cut-off. Moreover, mineral exploration on the project dates back to the 1800s.
The Aurex-McQuesten Gold Project
The Aurex-McQuesten Gold Project dates back to the beginning of the 1900s. The 9,230 ha Aurex-McQuesten Property lies in close proximity to both Victoria Gold's Eagle Project and Alexco Resource's Keno Hill Silver District and is highly prospective for structurally controlled, intrusion-related gold-silver mineralization in relation to the Tombstone intrusive suite. The property hosts numerous known gold targets and Banyan has developed a mineralization model at the McQuesten “Airstrip” Gold target, located 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 Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage.
For more information on Banyan Gold Corp. (TSX.V: BYN, OTCQB: BYAGF) please click the investor request info button.
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