Banyan Gold
Financials:
Primary ticker: TSXV:BYN
Stage of development: Exploration
Primary minerals: Gold
Project to promote: AurMac
Project location: Yukon, Canada
Website: www.banyangold.com
Corporate presentation: Click here
Corporate video: Click here
Fact sheet: Click here
Banyan’s primary asset AurMac is adjacent to Victoria Gold’s Eagle Gold Mine, in Canada’s Yukon Territory, which announced commercial production on July 1, 2020. The AurMac initial resource of 903,945 oz Au was announced in May 2020. Our major strategic shareholders include Alexco Resource Corp., Franklin Gold and Precious Metals Fund, Osisko Development Corp., and Victoria Gold Corp.
Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that is advantageous for a mineral project to have potential to become a mine. Our Yukon based projects both fit this model and our objective is to gain shareholder value by advancing projects in our pipeline.
The 173 sq km AurMac Property lies 30km from Victoria Gold’s Eagle Project and adjacent to Alexco’s Keno Hill Silver District and is highly prospective for structurally controlled, intrusion related gold-silver mineralization. The property is located adjacent to the main Yukon highway and just off the main access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage. Banyan has optioned the properties from Victoria Gold and Alexco respectively with a right to earn up to a 100% subject to royalties.
Cash: CAD$8.6M
Debt: NIL
Major shareholders:
Victoria Gold Corp – 13%
Franklin Gold and Precious Metals Fund – 8%
Osisko Developments – 5%
Other Institution – 11%
Insiders – 9%
Management Profile
Tara Christie – President & CEO
Ms. Christie has over 20 years’ experience in the exploration and mining business. She became the President and CEO of Banyan in 2016. Prior to that, she was the President of privately owned Gimlex Gold Mines Ltd. (2006-2016), one the Yukon’s largest placer mining operations and was involved in consulting for exploration, mining, environmental assessment, government, community and First Nation relations, including working with First Nation development corporations. She currently serves on the Board of Constantine Metal Resources Ltd (since 2006), Klondike Gold Corp., and Western Copper and Gold. Ms. Christie has been a board member of PDAC, AMEBC and other industry associations and was a founding board member of the Yukon Environmental and Socio-Economic Assessment Board (2004-2016). She is active in non-profits and charities, including being President of a charity “Every Student, Every Day” that works to improve attendance in Yukon schools. Ms. Christie has B.Sc. and M.Sc. degrees from the University of British Columbia and is a registered professional engineer in BC and Yukon.
What is your rationale for taking part 121 Mining Investment?
We are looking to raise awareness of the AurMac property among investors.
What recent news would you like to highlight to investors attending?
September 8, 2021 – Bnayan Gold reports 144.8m of 0.74g/t at the Powerline deposit, AurMac Project, Yukon.
August 23, 2021 – Banyan announced the assay results from the next five drill holes drilled at Powerline Deposit, AurMac Property, Yukon. It reported 110.7m of 0.62g/t Au, and continuing to expand the Powerline mineralisation in all directions.
August 12, 2021 – Banyan announced the closing of the second and final tranche of the $16 million private placement, previously announced on July 19, 2021.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Drilling programmes at AurMac
12 Months:
The 2021-22 Exploration Programs at AurMac are intended to include additional diamond drilling, geotechnical drilling, metallurgical test work, resource update, environmental baseline data collection and the commencement of a Preliminary Economic Assessment Study.