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Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

Metals & Mining Gold
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

Banyan Gold Corp > What's going on now?
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Comment by givemeabreak1on Aug 02, 2024 1:01pm
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Post# 36161273

RE:What's going on now?

RE:What's going on now?Rost lots of things happening that affect Banyan.  The big one of course is what the FN is saying.  If you read the letter they posted yesterday they do not mention a ban on mining rather a ban on the type of mining ie Heap Leach.  Banyan's deposit is a low grade bulk tonnage ammenable to Heap Leach.  It is possible but doubtful the deposit can be mined economically as anything other than Heap Leach.   

I believe that is the big elephant in the room.  
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