Banyan Gold (TSXV: BYN; US-OTC: BYAGF) is advancing its AurMac gold project in Yukon as a conventional milling story and pointing drills at silver upside, president and CEO Tara Christie said.
The project, about 356 km north of Whitehorse, hosts a large resource of about 113 million indicated tonnes grading 0.6 gram gold per tonne for 2.3 million oz. of metal, and 281 million inferred tonnes grading 0.6 gram per tonne for 5.5 million ounces. Banyan drilled 43,000 metres last year and has more than 100 holes still to report through March, while early metallurgical testing is proving to be promising.
“It is a big deposit – a standard carbon-in-leach with gravity mill gives us 93% recovery on a fairly coarse grind and 50% gravity recovery,” Christie told The Northern Miner’s Western Editor, Henry Lazenby, during a recent industry event.
Christie also highlighted silver potential at the site, with drills cutting a later silver overprint across the Airstrip and Powerline deposits showing “Keno Hill-style” veins. Assays returned grades as high as 13,000 grams silver per tonne over 2.3 metres. Banyan plans to restart field operations this month with at least 40,000 metres of drilling. A preliminary economic assessment is targeted for the second half.
Watch below the interview in full:
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