on Banyan Gold Corp. (isin : CA06683K1066)
Banyan Completes 75% Earn-In on the Aurex Property, Yukon
Banyan Gold Corp., based in Vancouver, has successfully completed a 75% earn-in on the Aurex Property in Yukon, fulfilling all exploration expenditure requirements. The Aurex Property comprises 433 claims and is a significant part of the Powerline Deposit at the AurMac Project.
Tara Christie, Banyan's President and CEO, highlighted that finalizing this 75% ownership is a critical milestone. As of February 6, 2024, the AurMac Resource increased to 7.0 million gold ounces, following positive metallurgical test results. The company is financially robust, which supports ongoing drilling and technical work necessary for completing a Preliminary Economic Assessment (PEA) by December 2025.
The company already owns 75% of the McQuesten Property, containing the Airstrip Deposit, and aims to achieve 100% ownership by December 2025.
Qualified Person Paul D. Gray, P.Geo., verified the release's content.
R. E.
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