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Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

Banyan Gold Corp. is a Canada-based company, which is engaged in the business of exploration and development of mineral property. The Company holds three main projects in the mining friendly Yukon Territory: AurMac Project, Nitra Claims and Hyland Gold Project. The Company’s flagship asset is AurMac Gold Project located in the Mayo Mining District. It has earned a 51% and 75% interest in and has the right to earn a 100% interest in each of the Aurex Property and McQuesten Property subject to certain royalties. The AurMac Project covers over 173 square kilometers (km2). The Nitra Gold Project is located in the Mayo Mining district, approximately 10 kilometers west of the AurMac Gold property, within the traditional territory of the First Nation of Na-Cho Nyak Dun. The Nitra Gold Project has around 1,442 claims (296 km2). The Hyland Gold Project consists of 927 active Yukon registered quartz mineral claims totaling over 18,620 hectares in an area that is road accessible from Watson Lake.


TSXV:BYN - Post by User

Comment by fasttrack5on May 29, 2021 2:34pm
169 Views
Post# 33292817

RE:RE:RE:RE:RE:RE:And your selling for pennies ?

RE:RE:RE:RE:RE:RE:And your selling for pennies ?
powerman wrote: Tara has published the May 2020 resource at 903,945 oz @ .535 inferred. Inferred being the lowest standard of measurement. With more investigation it may be able to be moved to probable, it is not considered measured or proven so a lot more work is needed. The focus right now seems to be on expanding the footprint of the inferred resource.

The total resource is to be defined in 2022 after all the 2021 drilling results are in hand. Some published drill results not in the May 2020 resource are similar so one could speculate that the resourse is significantly increasing, But a lot more work is required before declaring an open pit minable resource. Still very speculative but well worth holding IMHO. DF   


Actually I believe the CEO of Banyan (Tara) did mention during an interview recently that they may 
produce a FB. Report later this year.
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