Banyan Gold Financing Raises up to $16.5 Million

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.  […]   Continue reading

Banyan Gold Announces 4 million Oz Gold Resource

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.  […]   Continue reading

Ascot Resources to “Seek New Financing Options”

Ascot Resources Ltd.(TSX: AOT)

Provides an update on construction financing and development plans for its Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.

Ascot and Sprott Private Resource Lending have failed to come to agreement regarding the conditions for the continuation of their funding arrangement, and as a result, Ascot are seeking alternative sources of funding for the remaining C$60 million of project finance.  […]  Continue reading

Banyan Gold Reports Aurex Hill Zone Drill Results

Banyan Gold Corp. (TSX.V: BYN)

Present the complete set of results from the diamond drill exploration campaign on the Aurex Hill zone at the Company’s rapidly developing AurMac Property, Yukon.

These results demonstrate this zone has the potential to host widespread, consistent and near-surface gold mineralization over meaningful extents. Continue reading