Categories: Precious Metals
Topics: Gold Stocks

Banyan Gold's Seven Million Ounces (and growing)

Banyan Gold (TSX-V: BYN)(OTC: BYAGF) is advancing the AurMac Gold Project in Canada’s Yukon Territory.

It is more than an explorer and less than a developer.

On the Lassonde Curve, it is still in the “discovery phase” with room for the already-robust deposit to grow. It is moving closer to that dreaded orphan period of feasibility, but at present there will be more drilling and resource growth than developmental work.

AurMac is a district-scale 42,000 acre project that is next door to Hecla Mining’s Keno Hill Silver District and 18 miles from Victoria Gold’s (TSX: VGCX)(OTC: VITFF) operating Eagle Gold Mine.

AurMac shows similarities to Victoria’s project, which is currently fetching a C$400 million market cap. Victoria’s Eagle deposit has a grade of 0.63 gram per tonne and will produce ~170,000 ounces of gold this year.

Banyan’s AurMac has a 7 million ounce inferred gold resource

Tara Christie has clearly shown leadership, competence, and the ability to raise capital as President and CEO. She has taken this project from an option in 2017 to 900,000 ounces in 2020 to four million ounces in 2022 and then to 7 million ounces this year, while raising tens of millions along the way.

In the video below, she presentst the Banyan Gold story at the Metals Investor Forum in early 2024.