Banyan Gold (BYN) - Live Conference Circuit Starts Again

Banyan Gold Corp. is an exploration company founded in 2010, headquartered in Calgary, Canada. The company is focused on value-driven acquisition, discovery, and development in the mining industry. The company is currently working on two major projects, based in Yukon, Canada, namely the Aurex-McQuesten Gold Project and the Hyland Gold Project.

Matt Gordon caught up with Tara Christie, President, and CEO, Banyan Gold. Tara has over two decades of experience in the mining and exploration industry, working with various industry giants. She has held the position of CEO at Banyan Gold since 2016. Her educational credentials include B.Sc. and M.Sc. degrees from the University of British Columbia. She is also a registered professional engineer in British Columbia and Yukon. She has been a founding member of the Yukon Environmental and Socio-Economic Assessment Board. She is a significant shareholder in Banyan Gold and dedicates her time to charities and non-profit organizations.

Company Overview

Banyan Gold is a well-funded Yukon-based mineral exploration company focused on advancing 2 gold projects, the Hyland Gold Project, and the AurMac Gold Project. This site neighbors Victoria Gold's mining and exploration operations. The company is actively seeking accretive acquisitions.

Metal Investor Forum

Banyan Gold's representatives recently attended the Metal Investor Forum in Vancouver. The conference is the first in-person event of its kind in 2021, and 300 people are expected to be in attendance.

The company is doubling down on its PR efforts demonstrating its science-driven exploration efforts along with efficient use of funds to deliver shareholder value. The company is looking at this conference as an opportunity to bring additional retail investors on board. As Banyan Gold's project is based in a tier-1 jurisdiction with a strong infrastructure, the company stands out among the competition.
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The Gold Market

The past few days have seen a jump in the market gold price. Following the announcement by the Federal Government around inflation, there was an increase in buying activity for gold. It is expected that gold will see further appreciation in the market by Christmas.

Drill Operations

Following the resource update, Banyan Gold has drilled over 36,000m, out of which 26,000m was drilled in 2021 alone. The company currently has 3 drills employed at the deposit. Banyan Gold has spent the past 3 years advancing the AurMac project. The company is looking to publish a resource update in Q2, 2022. This update will include the latest drill results.

Community Engagement

Banyan Gold is working closely with the First Nation communities. The company is focused on understanding the needs of the communities through open and continual communication. The company is collaborating with the Na-Cho Nyak Dun First Nation community. The company has also supported its exploration program by conducting business with the First Nation communities. These collaborations are a large part of the company's ESG (Environmental, Social, and Governance) initiatives. 

Compared to other parts of Canada, Yukon has its own environmental assessment and permitting process. The First Nations communities in the province are self-governing. The company understands the importance of compliance and partnerships with the First Nations communities. 

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Targets 2021 and Beyond

Banyan Gold is targeting a 3Moz resource in Yukon. The neighboring mines have demonstrated similar resource volumes. The company is looking to develop the operation into an open-pit heap-leach mine. 

Banyan Gold is currently awaiting assay results. The company has drilled 120 holes and plans to drill additional 90 holes this year. The additional drilling is scheduled for mid-December, where the company plans to drill between 5,000m-6,000m through 3 rigs. Following the resource update, the company is looking to publish its drill plans as well. 

The company has started its US OTC Market listing. The company is also looking to comply with the recent changes in listing requirements by US regulators. These changes have made listing for junior mining companies more challenging.  Additionally, the company is also working on the metallurgy and ESG community consultation for its Aurex Hill asset.

To find out more, go to the Banyan Gold Website