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so You'll Thrive and Profit, In Spite of It... "

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Banyan Gold: A Girl with Grit, and Gold, gold, gold.

Banyan Gold: A Girl with Grit and Gold, gold, gold.

Banyan Gold (TSX.V: BYN, OTCQB: BYAGF)

September 22, 2022

Banyan_Gold_Title


Tara Christie, CEO of Banyan Gold, seems like the kind of woman who’s sweet enough to offer you home-baked cookies on a tour of her next exploration site. Then again, if an angry mob were to somehow come knocking at one of her drill sites claiming this land was now “their’s”, she’d be the first person standing in their way with a loaded shotgun.

You could say she has grit. Perhaps I will have time to ask how she obtained such grit, but I’ll give it a go. If not from the earth, then from her bloodlines. She is a third generation miner. I’m told her 81 year-old father, God bless him, still drives his pick-up out to a friend’s mining project three days a week to make sure the team isn’t tripping over any puppies.

I met Tara at the September Metal Investors Forum 2022 in Vancouver, Canada. She was standing at her booth grabbing bits of lunch while potential investors interrupted. I was one of the last to ask questions before the next session.

Thinking I was smart, I challenged her about the low-grade 0.6 g/T gold she was cheering about in the prior session (2.0 g/T is prime-time grade). Turns out she knows what she’s doing. You don’t need perfect grade, or even amazingly high-grade gold when you have volume. And does she have volume…

 

4 Million Ounces of Gold and Counting…

Aurmac_Mineral_Resource

In May 2020, the Yukon-based AurMac project had about 900,000 gold ounces. That’s when Bob Moriarty wrote about Banyan. Then Banyan finished up their 10,000 meters of drilling for the year, but lab results were too long. It would seem, as I’m sometimes told in this industry, that slow can sometimes mean sticky. Sticky like a cinnamon bun being savored by a child taking advantage of Ma and Pa’s absence. 

I’m not saying anything about the lab, or what could have happened but, stolen bread doesn’t seem sweet for Tara. Since then, she brought a lab to her. She planted one on site and hired the staff to git-r-done. Quite the feat in an industry too often scarce of labor and resources. 

Two years later, the bounty grew. Banyan announced a discovery of 4 million gold ounces at the AurMac site. She tells me 6-7 million gold ounces is the new goal for Banyan. Then there are options…

Here are a few that could continue to drive stock price up. Banyan could start digging for themselves to become a producer. The powerline area is a designated 2 km strike zone of open pit excavation. They can use what’s called “heap leaching”. It’s a chemical process miners use to draw out gold. With all the infrastructure in the area – roads, power, water, communication. It’d be “the lazy miner’s” way to riches. Someone else could do that though… for a penny. 🙂 

 

What’s Next? Advancing Resource Value


What's Next? Advancing Resource Value

The AurMac property is 30 km from Victoria Gold’s Eagle Gold Mine and is adjacent to Hecla Mining Company’s Keno Hill Silver District. To put this into perspective, Hecla is the second largest silver producer in the United States. That helps. Now, if you want more proof that there’s gold in the area, Victoria Gold’s Eagle Gold Mine is on track to produce 200,000 ounces of gold per year. With another 2.7 million ounces of gold at the same 0.6 g/T grade level. 

Banyan is fully funded for another 60,000 meters of drilling to reach their goal of 6-7 million ounces (inferred), resting on $18M cash in bank (as of September 2022).

Please be advised that this is not investment advice. Make sure to do your own due diligence.

Shareholder Breakdown:

Insiders 7.2 %

Victoria Gold Corp 12.4 % 

Franklin Gold & Precious Metals 9.8 %

Osisko Development 4.4 % 

Other Institutions 17.9 % 

Retail Investors 42.8%

 

Banyan Gold – TSX.V: BYN, 0.38 CAD, as of September 22, 2022. 

Investor Relations

Jasmine Sangria, MBA 

VP, Corporate Communications 

E: jsangria@banyangold.com 

P: +1 (604) 312-5610


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