- Banyan Gold (BYN) has announced an updated mineral resource estimate for the AurMac Property located in Yukon
- The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ounces of gold on the property
- Tara Christie, President and CEO of Banyan Gold, sat down with Folake Ekwubiri to discuss the news
- Banyan Gold Corp is a Canadian mining company
- Banyan Gold Corp. (BYN) opened trading at C$0.435 per share
Banyan Gold (BYN) has announced an updated mineral resource estimate for the company’s AurMac Property located in Yukon.
The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ounces of gold on the property.
Tara Christie, President and CEO of Banyan Gold, sat down with Folake Ekwubiri to discuss the news.
“This resource estimate demonstrates the value generated by Banyan with 40,000 metres of drilling adding over 3 million ounces of inferred mineral resources. All three deposits are open, with mineralization known to extend beyond the current block model boundaries.”
“Examining the Airstrip and Powerline Mineral Resource model highlights their robust nature; when the cut-off grades are increased by 50 per cent, to 0.3g/t, just 10 per cent of the ounces are reduced; while the grade increases by 20 per cent to an average of 0.72 g/t. We are confident the 30,000 metres that the company plans to drill in 2022 will meaningfully continue to build upon this resource estimate.”
Banyan Gold Corp is a Canadian mining company. The company holds an interest in Hyland Gold Project and the Aurex-McQuesten Gold Project located in southeast Yukon.
Banyan Gold Corp. (BYN) opened trading at C$0.435 per share.