The results suck? Horse Hockey!You are whacked to believe these results do not solidify BYN as a Tier One asset.
I'm not a member of where this post comes from though I read the board continually. This poster from the CEOs of the world says it well.
Goldfinger Banyan Demonstrates Mineralization Continuity for Powerline and Aurex Hill for the AurMac Property, Yukon, Canada @accesswire/banyan-demonstrates-mineralization-continuity-for-powerline
It's been more than four months since Banyan Gold began drilling at its AurMac Project in the #Yukon. During that time Banyan released a resource update totaling 6.2 million ounces (in all categories) at an average grade of .61 grams/ tonne gold.
Recently investors had been getting anxious about the lack of drill results from the current program and I believe one large seller likely contributed to much of the recent share price weakness.
The good news is that yesterday may have marked a capitulation turning points for $BYN shares, and today Banyan released the results of 25 holes from 2023 drilling.
The main takeaway from this morning's news is that Banyan has confirmed continuity of gold mineralization between the Powerline Deposit and Aurex Hill. It seems that AurMac is one big east-west trending gold mineralized zone, with the Powerline and Airstrip Deposits hosting some of the highest grades on the property.
I expect regular news flow from Banyan for the next several months, and I also expect the 2023 drill program to be expanded due to the company being under budget for 1H 2023.
THE RESULTS SUCK? I'd say whoever opines that thought sucks.