Business
Banyan Gold 2020 Year End Review
VANCOUVER, BC / ACCESSWIRE / January 6, 2021 / Banyan Gold Corp. (the " Company " or " Ban...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Gold 2020 Year End ReviewVANCOUVER, BC / ACCESSWIRE / January 6, 2021 / Banyan Gold Corp. (the \"Company\" or \"Banyan\")(TSXV:BYN) a growth‐focused gold exploration company, provides a summary of the Company's key 2020 accomplishments advancing the Company and the Company's AurMac and Nitra Properties near Mayo, Yukon.2020 AurMac Project Highlights:Announced Maiden Inferred Resource - 903,945 ‎ounces of gold contained in two near/on-surface, road accessible deposits: The Airstrip and Powerline deposits. (Table 1 below) in May 2020;Executed Successful Exploration programs June - December:Completed 10,632 metres (\"m\") of diamond drilling in 57 holes focused on at the Airstrip, Powerline and Aurex Hill Zones - AurMac Property;Collected 4,289 soil samples with coverage of over 12 km2 on the Nitra property - multiple strong NNW mineralized trends identified;Released Phase 1 drill hole results from Airstrip Zone, expansion of the Airstrip Mineralization by 200 m to the West and 125 m to the South, with the deposit remaining open to the East, West and down dip;Released Phase 1 drill hole results from Powerline Zone, expansion of the Powerline Zone by over 500 m to the South of the existing Resource - the Resource is open in all directions and at depth;Initiated Airstrip Deposit Metallurgical Testing and AurMac Property Baseline Environmental Work; and,Results pending from 30 holes - expected in Q1 2021Airstrip - 10 holesPowerline - 14 holesAurex Hill - 6 holes2020 Corporate Highlights:Company Financings raised over $7.3M with significant participation from our major shareholders, including the adjacent active developers and miners Victoria Gold Corp. and Alexco Resource Corp.;Significant Increase in Market cap and share price, with a 52 week share price low of 0.03 and high of 0.39;Planned 2021 Exploration Program of over 15,000 m - beginning in Q1 2021; andStrong Treasury going into 2021 with over $5.8M.\"Despite difficult operating conditions through our 2020 season, Banyan Gold's team is to be commended for delivering our planned 10,000 m program on time and on budget and growing our AurMac project. Initial results demonstrate the potential to build on the AurMac Gold Resources and position Banyan for an exciting 2021 exploration season,\" said President and CEO, Tara Christie. \"The outlook for gold is favou...