Banyan will benefit from
'Banyan is pleased to welcome Jason's expertise to our team.'
Grant of Options
The Board of Directors of the Company have granted 425,000 stock options to purchase 425,000 shares at an exercise price of
The stock options are being issued to consultants, advisors and exploration staff of the Company, including
Corporate and Exploration Update
Banyan commenced exploration diamond drilling on the AurMac Property in
Drilling is currently focused on Aurex Hill and West Powerline with 4 drills on site and 2 drills currently drilling. One drill has been mobilized to East AurMac, located 5 km South-west of
On the Nitra property, west of AurMac, over 5000 soil samples have been collected and approximately 420 m of trenching has been completed. Preliminary drill targets have been identified and drills will be mobilized in mid-September. In addition, Lidar and airborne geophysics, including Mag, VLF and radiometrics have been completed over the portion of the Nitra Property with priority exploration target areas.
Upcoming Events
Banyan will be attending:
All events are subject to change.
About Banyan
Banyan's primary asset, the AurMac Property is comprised of the Aurex and McQuesten properties, as well as claims staked and owned 100% by
The 173 sq km AurMac Property lies 30 kilometres from Victoria
The Updated Mineral Resource Estimate for the AurMac Property was prepared
Contact:
T: 778 928 0556
E: tchristie@banyangold.com
Jasmine Sangria
T: 604 312 5610
E: jsangria@banyangold.com
CAUTIONARY STATEMENT
Neither the
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend', 'believe', 'potential' and 'continue' or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's plans for drilling this year; and statements regarding exploration expectations, exploration or development plans; and mineral resource estimates. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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