Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) is pleased to release additional results from the next two holes on the recently completed Phase I ten-hole diamond drill campaign on the Aurex-McQuesten Property. Of particular note was drillhole MQ17-026 which returned 157 m of 0.6 g/t gold over the entire length of the hole, from zero to 157 metres, confirming that broad [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) is pleased to provide an exploration program update on both of the Hyland Gold and Aurex-McQuesten Projects. Both these projects are undergoing active exploration this 2017 season with activities recently concluded at Aurex-McQuesten and the recent initiation of the program at the Hyland Gold Project. Hyland Gold Project The Company has commenced [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or “The Company”), announces that subject to TSX Venture Exchange approval, it has completed a Second Tranche non-brokered private placement for $204,000 in gross proceeds by issuing a total of 1,360,000 shares at $0.15 per share. This second tranche supplements a first tranche (see news release of June 22, 2017) of $600,000, bringing the total funds raised to [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or “The Company”), announces that subject to TSX Venture Exchange approval, it has completed a First Tranche non-brokered private placement for $600,000 in gross proceeds by issuing a total of 4,000,000 shares. The First Tranche Private Placement consists of 4,000,000 flow through shares (within the meaning of the Income Tax Act (Canada)), priced at $0.15 per share [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) announces a $1 million advanced exploration program budget for the Company's 100-per-cent-owned Hyland Gold Project. “This season’s drilling program at the 100% owned Hyland Gold Project will focus on the meaningfully advancement of the current N.I. 43-101 compliant ~400,000 ounce grading 0.99 g/t AuEq on-surface Main Zone inferred resource as well [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) has commenced a $450,000 exploration program on the recently optioned Aurex-McQuesten Property located 25 km north of Mayo, Yukon (See Company news release dated May 25, 2017). Heavy equipment for trench construction and diamond drill support have already been mobilized to the Property where excavation, sampling and mapping of historic trenches has [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (the “Company”) announces that the following matters were approved at the Company's Annual General and Special Meeting of Shareholders held on June 2, 2016 (the "Meeting") by a greater than 98% margin in all categories: Setting the number of directors at five; The proposed slate of five directors; The appointment of John J. Geib, Chartered Accountant, as the Company’s [...]
Banyan Goldis pleased to announce that further to its news releases of February 28, 2017 and April 28, 2017, it has signed definitive agreements for options to acquire up to 100% of the Aurex property, from Victoria Gold, and up to 100% of the McQuesten property, from Alexco Resource, respectively. The Aurex and McQuesten properties are contiguous properties that comprise approximately 8,230 hectares and 1,000 hectares [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) reports that a Class 3 Land Use Permit for the Hyland Gold Project has been granted to the Company by the Yukon Government. This permit will allow for continued development of the Hyland Gold Project through advanced mineral exploration activities including diamond drilling, trenching geophysics and on-tenure camp support [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) announces that, further to its news release dated February 28, 2017, relating to the signing of the letters of intent for option agreements with each of Victoria Gold Corp. (“Victoria”) and Alexco Resource Corp. (“Alexco”), the parties have agreed to extend the deadline for entering into definitive [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or the “Company”) announces that it has elected to accelerate the expiry date of the warrants (the “Warrants”) issued under its private placement financings completed on January 29, 2016. Pursuant to the terms of the Warrants, if the average volume weighted average trading price of Banyan’s shares on the TSX Venture Exchange [...]
Calgary, Alberta (FSCwire) - Banyan Gold Corp. (“Banyan” or “The Company”), announces that subject to final TSX Venture Exchange approval, it has closed its previously announced (March 3, 2017) non-brokered private placement for $800K in gross proceeds. The Private Placement consists 3,406,312 flow through shares prices at $0.095 per share and 5,955,004 units (“Units”) priced at $0.08 [...]