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Banyan Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 1000 – 1050 W. Pender St.
Vancouver, BC
Canada V6E 3S7
Tel No.: 1-888-629-0444
Fax No.: (604) 648-8450
Web Site: www.banyangold.com
E-mail: info@banyangold.com
Contact Person: Tara Christie
Position: CEO


Company Data

Traded Market: TSX-V
Traded Symbol: BYN
Outstanding Shares: 161.9M
Public Float: 100,000,000
52 Week High: $ 0.39
52 Week Low: $ 0.03
Present Price: Click Here


Introduction

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Banyan's primary asset, AurMac, is adjacent to Victoria Gold Corp.'s new Eagle gold mine in Canada's Yukon, which announced commercial production on July 1, 2020. The AurMac initial resource of 903,945 ounces Au was announced in May, 2020. Banyan's major strategic shareholders include Osisko Gold Royalties, Sprott Funds, Alexco Resource Corp. and Victoria Gold. Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that are advantageous for a mineral project to have potential to become a mine. Its Yukon-based projects both fit this model and its objective is to gain shareholder value by advancing projects in its pipeline.

Investment Highlights

  • Yukon Focused Gold Projects
  • District-Scale Mineralization – Adjacent to Victoria Gold’s new Eagle Mine
  • Over 1.1 million ounces of Gold in Inferred and 200k Indicated Yukon Resources
  • Multi-million ounce potential
  • Strong management team and Shareholders
  • Jurisdiction – stable and mines get permitted
  • Infrastructure – year-round roads, power etc.
  • Financed and Drilling to build ounces and grade through 2021
  • News flow through 2021 – Regular webinars and Communications
  • Valuation ~ $40/ounce – peer average $45-90/oz
  • Positioned for a Re-Rate in strong gold market and with attention on the area with Victoria Gold
    • Victoria Gold’s Eagle Gold Mine (a new producer adjacent to Banyan and major shareholder) – annual gold production of 220,000 ounces


Projects in Hand

(1) AurMac Gold Project, Yukon

The Aurex ‎and McQuesten properties (together, the “AurMac Property”)‎located in the prolific Mayo Mining ‎district, approximately 56 kilometres northeast from the village of Mayo, Yukon and 356 ‎kilometres north of Whitehorse, Yukon. ‎The AurMac Property, in close proximity to Victoria Gold's Eagle Project and Alexco Resource's Keno Hill Silver District. The District, is highly prospective for structurally controlled, intrusion related gold-silver mineralization.

Project highlights

  • District-Scale Mineralization
  • AurMac Expansion from 92 to 156 sq. km
  • Adjacent to existing Mines
    • Victoria Gold – over 6 million ounces of Au
    • Alexco – over 300 million ounces of Ag
  • Year round access
  • Infrastructure: Roads, Power etc.
  • Safe jurisdiction – stable and mines get permitted
  • Discovery cost less than $2/ounce
  • News Flow – Over 5,000 metres drilled in 2020 – target 10,000 metres
    • Drill Program underway – continue through 2021

May 2020 AurMac initial NI 43-101 Inferred Pit Constrained Resource: 903,945 ounces of gold grading 0.535 g/t Au at a 0.2 g/t Au cutoff. This pit constrained Mineral Resource is contained in two near/on-surface deposits: The Airstrip and Powerline deposits.

  • Airstrip: 774,926 oz Au at 0.52 g/t Au
  • Powerline: 129,019 oz Au at 0.60 g/t Au

AurMac Property – Pit-Constrained Inferred Mineral Resources

at a 0.2 g/t Au Cutoff

Deposit

Classification

Tonnage

Tonnes

Average Au Grade

g/t

Au Content

oz

Airstrip

Inferred

45,997,911

0.524

774,926

Powerline

Inferred

6,578,609

0.610

129,019

Total Combined

Inferred

52,576,520

0.535

903,945

(2) Hyland Gold Project, Yukon

The 100% owned Hyland Gold Project is located in the Watson Lake Mining District in southeast Yukon, approximately 70 kilometres northeast of Watson Lake, along the southeast end of the Tintina Gold Belt. The Project covers over 186 sq. km in area that is currently accessible by vehicles on a winter road from Watson Lake. The Hyland Gold project is interpreted as sediment-hosted, structurally-controlled, Carlin-style gold mineralization. The Hyland Gold project consists of the Main Zone, Camp Zone, Cuz Zone, and Montrose Ridge Zone that extends over 11 kilometres.

The Hyland Gold Project has a 2018 NI 43-101 Indicated Mineral Resource of 8.6 million tonnes grading 0.85 g/t gold equivalent (AuEq) for 236,000 AuEq ounces with an Inferred Mineral Resource of 10.8 million tonnes grading 0.83 g/t AuEq for 288,000 AuEq ounces at a 0.3 g/t AuEq cut-off. This resource is located in its entirety on the Main Zone, is open in all directions and at depth, and has the potential to host a multi-million ounce deposit.


Management

Tara Christie, M.Sc., P.Eng., President & Chief Executive Officer, Director

Director: Constantine Metals, Klondike Gold & Western Copper and Gold

Former board member of YESAB (Yukon’s environmental assessment board) and industry associations PDAC, KPMA, AMEBC

Over 20 years mining, exploration, permitting, community relations, working with First Nations, field exploration and operational experience (N. Canada, Ont., Africa)

Experience as CEO of successful private mining and exploration Co.

Paul Gray, P.Geo., Vice President of Exploration

Geologist: Victoria Gold Corp.

Bluerock Resources, Dawson Gold Corp., and others.

Over 25 years mineral exploration experience

David Rutt, CMA, CPA, Chief Financial Officer & Corporate Secretary

Over 27 years financial industry experience

Landis Energy Corp., Alton Natural Gas LP, Winslow Gold Corp., Greyhound Canada, Nortel Networks

Operations

James Thom, M.Sc., Senior Geologist & Field Manager

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

Directors

Mark Aryanto, Chairman

Mining Executive: Victoria Gold, StrataGold

Over 20 years project development experience

Steve Burleton, MBA, CFA, Director

David Reid, LL.B, Director

Independent Advisors

Sean Harvey, MBA, LL.B

Clynton Nauman

Rob Carne, P.Geo.

Please refer to Banyan's website www.banyangold.com for complete biographies.


News Update

On December 9, 2020, Banyan Gold Corp. announced that it has issued shares to Alexco Resource Corp. (400,000 shares) and Victoria Gold Corp. (750,000 shares). With these issuances, the Company has now completed the expenditures and share issuance to earn 51% of both the underlying McQuesten and Aurex properties, which form the core of the AurMac property.

On November 16, 2020, Banyan Gold Corp. has released diamond drilling analytical results from the first five diamond drill holes received from the 2020 exploration program at the Powerline zone, AurMac property, Yukon. These holes successfully demonstrate the Powerline mineralization model applies beyond the 2020 Powerline resource extent and, importantly, the expansion potential of Powerline in all directions and at depth.

Highlights include:

  • 0.72 grams per tonne gold over 128.5 metres in AX-20-43:
  • Including 1.07 g/t Au over 68.5 metres;
  • 0.80 g/t Au over 29.8 metres in AX-20-42;
  • 0.47 g/t Au over 30.5 metres in AX-20-41;
  • 0.76 g/t Au over 13.0 metres in AX-20-44;
  • 0.46 g/t Au over 27.0 metres in AX-20-45.

Diamond drilling activities continue at AurMa. 2020 drilling at AurMac has thus far achieved over 8,900 metres of drilling from 45 drill holes.

On September 21, 2020, Banyan Gold Corp. has released additional diamond drilling results received from the 2020 exploration program at the Airstrip zone, AurMac property, Yukon. These results demonstrate the continuity of gold grade in the projected mineralized zone of the Airstrip deposit, on strike and downdip.

Highlights include:

  • 1.02 grams per tonne gold over 47.7 metres in hole MQ-20-67;
  • 0.53 g/t Au over 16.5 metres in hole MQ-20-79;
  • 0.55 g/t Au over 12.0 metres in hole MQ-20-79;
  • 0.51 g/t Au over 49.5 metres in hole MQ-20-80;
  • 0.59 g/t Au over 114.8 metres in hole MQ-20-82.


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