Banyan Gold Corp.(TSX.V: BYN)

Announced a fully subscribed non-brokered private placement of up to $16,497,799.80 in gross proceeds.

The Private Placement will consist of 16,210,500 Charity Flow Through Shares priced at $0.63, 4,974,000 Flow Through Shares priced at $0.55, and 7,887,744 Shares priced at $0.45.  […]  

 

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Banyan Gold	TSX.V: BYN
Stage	Exploration
Metal	Gold
Market cap	C$106 m @ 46.5c
Location	Yukon, Canada

 

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VANCOUVER, B.C., June 8, 2022, Banyan Gold Corp. (the “Company” or “Banyan“) (TSX.V: BYN) (OTCQB: BYAGF) is pleased to announce a fully subscribed non-brokered private placement (the “Private Placement”) of up to $16,497,799.80 in gross proceeds.

The Private Placement will consist of 16,210,500 Charity Flow Through Shares priced at $0.63 per share for gross proceeds of $10,212,615.00, 4,974,000 Flow Through Shares priced at $0.55 per share for gross proceeds of $2,735,700.00; and 7,887,744 Shares priced at $0.45 for gross proceeds of $ 3,549,484.80.

The Company intends to use the net proceeds from the Private Placement to advance its mineral exploration and development projects and for general corporate purposes.  The 2022-23 Exploration Programs at the AurMac Property are intended to include in excess of 60,000 metres (“m”) of diamond drilling, geotechnical drilling, metallurgical test work, and environmental baseline data collection towards a resource update and commencement of a Preliminary Economic Assessment (“PEA”) Study for 2023.

The flow through gross proceeds component received from the sale to subscribers of the Charity Flow Through Shares and Flow Through Shares will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) (the “Tax Act”) on the Company’s properties in the Yukon Territory, and renounced to such subscribers effective not later than December 31, 2022.  Such Canadian exploration expenses will also qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Tax Act.

In connection with the Private Placement, the Company may pay a finder’s fee in cash on a portion of the funds to be raised, subject to all necessary regulatory approvals. 

The Company intends to close the Private Placement within 30 days, subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “TSX-V”).  All securities issued pursuant to the Private Placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable securities laws.

Certain insiders of the Company are expected to participate in the Private Placement.  Such participation represents a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid for, the transaction, insofar as it involves interested parties, exceed 25% of the Company’s market capitalization.

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Banyan Gold Corp. (TSX.V: BYN)

 Announce an updated mineral resource estimate prepared for the Company’s AurMac Property ‎located in the Mayo Mining ‎district, approximately 56 km northeast from Mayo, Yukon.

The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ‎ounces of gold.  […]  

 

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Banyan Gold	TSX.V: BYN
Stage	Exploration
Metal	Gold
Market cap	C$104 m @ 46c
Location	Yukon, Canada

 

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VANCOUVER, B.C., May 17, 2022, Banyan Gold Corp. (the “Company” or “Banyan“) (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce an updated mineral resource estimate (the “Resource Estimate”) prepared for the Company’s AurMac Property ‎located in the Mayo Mining ‎district, approximately 56 kilometres (‘kms”) northeast from Mayo, Yukon and 356 ‎kms north of Whitehorse, Yukon (the “AurMac Property”). ‎

The updated Resource Estimate comprises a total inferred mineral resource of 3,990,000 ‎ounces of gold on the road accessible AurMac Property.

This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. 

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Banyan Gold management comments

“This Resource Estimate demonstrates the value generated by Banyan with 40,000 metres of drilling adding over 3 million ounces of inferred mineral resources.

 

“All three deposits are open, with mineralization known to extend beyond the current block model boundaries.”

 

“Examining the Airstrip and Powerline Mineral Resource model highlights their robust nature; when the cut-off grades are increased by 50%, to 0.3g/t, just 10% of the ounces are reduced; while the grade increases by 20% to an average of 0.72 g/t.

 

“We are confident the 30,000 metres that the Company plans to drill in 2022 will meaningfully continue to build upon this Resource Estimate.”

 

Tara Christie, President and CEO, Banyan Gold

 

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions about Banyan Gold, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author owns shares in Banyan Gold, bought in the market at the prevailing price on the day of purchase.

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Banyan Gold Corp. (TSX.V: BYN)

Announced analytical results from 21 diamond drill holes drilled during the Company’s 2021 exploration program at the Powerline deposit located on the AurMac Property.

The highlight was 59.5 m of 0.71 g/t Au from Surface (14.8 m)  . […] 

 

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Banyan Gold	TSX.V: BYN
Stage	Exploration
Metal	Gold
Market cap	C$106m @ 43.5c
Location	Yukon, Canada

 

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VANCOUVER, BC, February 21, 2022 – Banyan Gold Corp. (the “Company” or “Banyan”) (TSXV: BYN) (OTCQB: BYAGF) is pleased to announce analytical results from twenty-one (21) diamond drill holes drilled during the Company’s 2021 exploration program at the Powerline deposit (the “Powerline Deposit”) located on the AurMac Property.

Assay highlights:

• 59.5 metres (“m”) of 0.71 g/t Au from Surface (14.8 m) in DDH AX-21-140
• 55.2 m of 1.02 g/t Au from 88.1 m in DDH AX-21-142
• 38.9 m of 0.51 g/t Au from 41.8 m in AX-21-148
• 25.3 m of 1.40 g/t Au from 94.9 m in AX-21-152
• 45.7 m of 0.47 g/t Au from Surface (13.7 m) in AX-21-153
• 70.4 m of 0.69 g/t Au from 28.9 m in AX-21-154
• 45.2 m of 0.62 g/t Au from Surface (10.4 m) in AX-21-156
• 42.7 m of 0.81 g/t Au from Surface (12.2 m) in AX-21-160
• 39.1 m of 0.54 g/t Au from Surface (7.5 m) in AX-21-162
• 31.6 m of 0.68 g/t Au from Surface (9.9 m) in AX-21-164
• 105.4 m of 0.47 g/t Au from Surface (9.1 m) in AX-21-175

 

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Banyan Gold management comments

“The next phase of exploration at the AurMac Property is well underway, with three diamond drills now turning.

 

“With the denser drill spacing to refine mineralization continuity in the northeast of the Powerline Deposit wrapping up, we are excited to get back to 100 m step-out drilling designed to demonstrate the size potential of the near/on-surface Powerline Deposit mineralization to the east and west.

 

 “This latest batch of assay results from our 2021 drill program continues to showcase the extensive nature of gold mineralization around the Powerline Deposit on the AurMac Property.”

Tara Christie, President & CEO of Banyan Gold

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A video to accompany this news release and additional information is located on the website.

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.