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Banyan Gold - Accelerating to 100% Ownership at AurMac and Advancing High-Grade Drill Targets
In this KE Report company update, Tara Christie, President and CEO of Banyan Gold, outlines a major strategic milestone for the company - the acceleration to 100% ownership of the AurMac Gold Project in Yukon.
Key takeaway: Banyan is simplifying its ownership structure, eliminating legacy royalty entanglements, and gaining greater control over project development - all while preserving cash.
Highlights from the Interview:
Banyan has entered an agreement with PricewaterhouseCoopers, receiver of Victoria Gold's assets, to acquire the remaining interest and eliminate multiple royalties and rights.
• $2M cash due on closing, plus $1.6M in cash or shares within 75 days.
• Expected to close by August 25th.
• No further PEA requirement post-close, giving Banyan flexibility to include this year’s drilling.
• Simplifies ownership and reduces legal/financial overhang for potential investors or partners.
• Eliminates constraints tied to Victoria Gold, enhancing independence and optionality.
• Over 100 holes drilled (~20,000m) toward a 30,000m program, running through October.
• High-grade zones (e.g. 16m of 9 g/t Au) are being further defined — potential game-changers for a future PEA and starter pit economics.
• ~$17M in cash post-spring financing, giving flexibility without near-term need for dilution or royalty sales.
• Multiple site visits ongoing into September.
• Infrastructure advantages and visible high-grade core make AurMac an attractive project.
If you have any follow up questions for Tara please email me at [email protected].
Click here to visit the Banyan Gold website.
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By KE Report
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In this KE Report company update, Tara Christie, President and CEO of Banyan Gold, outlines a major strategic milestone for the company - the acceleration to 100% ownership of the AurMac Gold Project in Yukon.
Key takeaway: Banyan is simplifying its ownership structure, eliminating legacy royalty entanglements, and gaining greater control over project development - all while preserving cash.
Highlights from the Interview:
Banyan has entered an agreement with PricewaterhouseCoopers, receiver of Victoria Gold's assets, to acquire the remaining interest and eliminate multiple royalties and rights.
• $2M cash due on closing, plus $1.6M in cash or shares within 75 days.
• Expected to close by August 25th.
• No further PEA requirement post-close, giving Banyan flexibility to include this year’s drilling.
• Simplifies ownership and reduces legal/financial overhang for potential investors or partners.
• Eliminates constraints tied to Victoria Gold, enhancing independence and optionality.
• Over 100 holes drilled (~20,000m) toward a 30,000m program, running through October.
• High-grade zones (e.g. 16m of 9 g/t Au) are being further defined — potential game-changers for a future PEA and starter pit economics.
• ~$17M in cash post-spring financing, giving flexibility without near-term need for dilution or royalty sales.
• Multiple site visits ongoing into September.
• Infrastructure advantages and visible high-grade core make AurMac an attractive project.
If you have any follow up questions for Tara please email me at [email protected].
Click here to visit the Banyan Gold website.
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