A resource update for Banyan Gold’s (TSXV: BYN) AurMac project makes it the second largest resource on the Tombstone Gold belt in Yukon. Shares rose.
The update adds 112.5 million indicated tonnes grading 0.63 gram gold for 2.27 million oz. Banyan reported Tuesday. It includes 280.6 million inferred tonnes at 0.6 gram gold for 5.45 million contained ounces. The road-accessible AurMac is about 360 km north of Whitehorse.
“This update achieved the primary objectives of last year’s program, which were to convert over 2 million oz. into indicated mineral resources with a refined geological model and importantly identify near surface, high-grade areas,” Banyan president and CEO Tara Christie said in a release.
Contained ounces
The update now puts AurMac behind Snowline Gold’s (TSXV: SGD) Valley deposit as the second biggest resource by contained ounces in Yukon. The previous estimate from…
