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Bullboard - Stock Discussion Forum 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... see more

TSXV:BYN - Post Discussion

Banyan Gold Corp > The results suck? Horse Hockey!
View:
Post by CaptnBalz on Jul 19, 2023 10:27am

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.



Comment by givemeabreak1 on Jul 19, 2023 2:33pm
Cappy the only good thing about this batch of holes is the continuity which is why the heading is worded the way it was!  The holes themselves as far as grades and widths blew chunks!
Comment by givemeabreak1 on Jul 19, 2023 10:13pm
Cappy Simple math run the average grade and strip ratio of the holes!  Definately, blows chunks compared to their existing resource.  It is one thing to run low grade with very low strip ratio another to run them with much higher strip ratio's.  
Comment by BIGBEN20 on Jul 20, 2023 4:55am
LOL what a post LOL "It is one thing to run low grade with very low strip ratio another to run them with much higher strip ratio's. "
Comment by givemeabreak1 on Jul 20, 2023 8:10am
BigBun Nice to see you trolling around again!  Always a pleasure to hear your nugatory opinion!
Comment by BIGBEN20 on Jul 20, 2023 8:41am
So Many stocks you are posting and always pumping or bashing!  So be carefully when Givemebreak1 is posting.
Comment by givemeabreak1 on Jul 20, 2023 9:12am
Thankyou BigBun for those kind words!  Please let us know which shares you currently own as we know you are such a studious investor.  As I recall, your total portfolio consists of one yes one company which you have lost your life time tip jar money!