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Banyan Gold ( (TSE:BYN) ) has issued an update.
Banyan Gold reported exceptionally high-grade silver drill results from the Ag-1 vein at the Powerline deposit on its AurMac Project in Yukon, including an interval of 10,734 grams per tonne silver over 1.7 metres within 10.4 metres grading 1,841 grams per tonne. The new intercepts in hole AX-25-803, located roughly 90 metres from and 20 metres below a 2021 high-grade hole, confirm the continuity and orientation of a steeply dipping, late brittle silver-bearing structure and suggest the presence of parallel veins (Ag-2 and Ag-3), underscoring the scale and exploration upside of Keno-style silver mineralization at Powerline and potentially enhancing the project’s overall resource and strategic importance.
The most recent analyst rating on (TSE:BYN) stock is a Buy with a C$2.25 price target. To see the full list of analyst forecasts on Banyan Gold stock, see the TSE:BYN Stock Forecast page.
Spark’s Take on TSE:BYN Stock
According to Spark, TipRanks’ AI Analyst, TSE:BYN is a Neutral.
Banyan Gold’s score reflects its exploratory nature with no current revenue, sustained by a strong equity position and recent positive exploration and funding news. While financial performance is weak due to ongoing losses, technicals show some positive momentum. Valuation remains challenging given the lack of earnings. However, recent corporate events suggest potential for future growth.
To see Spark’s full report on TSE:BYN stock, click here.
More about Banyan Gold
Banyan Gold Corp. is a Canadian mineral exploration company focused on advancing its AurMac Project in the Yukon, targeting gold and now high-grade, Keno-style silver mineralization within the Powerline deposit. The company operates in the precious metals exploration sector, seeking to delineate economically viable gold and silver resources in a district-scale project area with significant expansion potential.
Average Trading Volume: 785,156
Technical Sentiment Signal: Buy
Current Market Cap: C$547M
See more data about BYN stock on TipRanks’ Stock Analysis page.