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Banyan Gold ( (TSE:BYN) ) has shared an update.
Banyan Gold Corp. announced the successful completion of its 2024 diamond drill program at the AurMac Project, which included 21,000 meters of drilling across 118 drill holes in the Airstrip and Powerline Deposits. The program revealed high-grade gold mineralization, enhancing confidence in the project’s mineral resources and indicating potential for further growth in size and grade. An updated Mineral Resource estimate is expected in Q2 of 2025, and the company is optimistic about the project’s development prospects.
More about Banyan Gold
Banyan Gold Corp. operates in the mining industry, focusing on the exploration and development of gold deposits. The company is primarily engaged in advancing its AurMac Project located in the Tombstone Gold Belt in Yukon, Canada.
YTD Price Performance: 23.68%
Average Trading Volume: 288,252
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$77.51M
For detailed information about BYN stock, go to TipRanks’ Stock Analysis page.