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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 givemeabreak1on Jan 21, 2024 7:57pm
125 Views
Post# 35838290

RE:World class Project

RE:World class ProjectBlessing 
The title sounds great but it is a bit of a pump
It is far from de-risked even Tara says it is not de-risked rather they are working on de-risking the play.  Heck it is still an inferred resource they probably will need another 100 plus infill holes to move the ounces into the measured and indicated category!  Also need to complete mettalurgy, permitting etc 

Still a ways to go but it is looking good as to being a mine some day.  That said, it is very low-grade.  What you need among other things is low strip ratio's and high recoveries when mining these grades.  Both seem to be positive.  However, as I recall strip ratio was less than 1:1 but I do not see that in the most recent holes which a few scribbles appear to be 2-3 to 1 and also on the low side of the grade.

A nice position to be in having 6 plus million ounces of gold but there are alot of multi million ounce deposits that are not worth much at the moment.....
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