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Banyan Gold Corp. (TSXV: BYN, OTCQB: BYAGF)

Summary

Banyan Gold Corp. is focused on generating shareholder value by de-risking its AurMac project that has multi-million-ounce gold potential, infrastructure, year-round exploration and a management team with a track record for success.

Banyan Gold’s primary asset, the AurMac Project, has a 7 million ounce Resource (updated February 2024*) Canada’s Yukon Territory. AurMac is 173 sq km; lies 30 km from Victoria Gold’s Eagle Gold Mine and is adjacent to Hecla Mining Company’s high-gradesilver mine. AurMac’s upside potential and exceptional infrastructure – roads, power, cell phone service – places it at an attractive stage for investment. Major strategic shareholders include Fidelity, Franklin Gold and Precious Metals Fund, Osisko Development, Victoria Gold Corporation and significant insider ownership.

* Prepared in accordance with NI 43-101 standards. Reference News Release: February 7, 2024. Marc Justras, P.Eng, M.A.Sc., Ginto Consulting Inc. Technical report to be filed on SEDAR within 45 days.

 

Stock Chart

Share Structure

As of Jan 2024
Shares Outstanding 285.9 M

Warrants

 0
Options

27.2 M
Fully Diluted 313.5 M

Investment Highlights

  • 7 million ounce Resource (updated Feb 2024) Advancing Towards a Tier 1 Asset (AurMac)
    • Near-surface / Open in all directions
  • Management – track record of success
  • Adjacent to producing Mines – New Mining District
    • Victoria Gold – Au > 6M oz – 220,000 oz/year
    • Hecla – Ag >300 M oz Ag
  • Infrastructure: Roads, Power, Communications, Airport
  • Tier 1 Jurisdiction
  • First Nation Partnerships
  • Well Capitalized
  • Year-Round Exploration

Projects:

AurMac

Banyan Gold’s primary asset, the AurMac Project, has a 7 million ounce Resource (updated February 2024*) Canada’s Yukon Territory. AurMac is 173 sq km; lies 30 km from Victoria Gold’s Eagle Gold Mine and is adjacent to Hecla Mining Company’s high-gradesilver mine. AurMac’s upside potential and exceptional infrastructure – roads, power, cell phone service – places it at an attractive stage for investment. Major strategic shareholders include Fidelity, Franklin Gold and Precious Metals Fund, Osisko Development, Victoria Gold Corporation and significant insider ownership.

* Prepared in accordance with NI 43-101 standards. Reference News Release: February 7, 2024. Marc Justras, P.Eng, M.A.Sc., Ginto Consulting Inc. Technical report to be filed on SEDAR within 45 days.

Hyland

The Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt is a sediment hosted, structurally controlled, intrusion related gold deposit, with a large land package (over 125 sq km), with the resource contained in the Main Zone area (900 m x 600 m) daylighting at surface and numerous other known surface gold targets.  The Main Zone oxide zone is amenable to heap leach open pit mining, with column leach recoveries of 86%.  The project has an existing gravel access road.

Management Profiles

Tara Christie, M.A.Sc., P.Eng President & CEO, Director

• +25 years mining, exploration, permitting, community relations, working with First Nations, field exploration and operational experience
• Strong financial/corporate management, +25 private mining and exploration company experience
• Former board member of YESAB (Yukon’s environmental assessment board) and industry associations PDAC, KPMA, AMEBC

David Rutt, CMA, CPA CFO & Corporate Secretary

• +27 years financial industry experience
• Landis Energy Corp., Alton Natural Gas LP, Winslow Gold Corp., Greyhound Canada, Nortel Networks

Jasmine Sangria, MBA VP, Corporate Communications

• +20 years marketing, communications and public relations experience
• Award-winning marketing and brand strategist
• Former CEO Tourism Lethbridge (Southern Alberta)

James Thom, M.Sc. Sr Geologist & Field Mgr.

• Geologist with extensive field, project management & geochemical experience in Yukon, BC, Mexico, Peru and Dominican Republic