Due to the proximity of wildfires, the Yukon Government recommended evacuation of Victoria
Out of caution, and for the health and safety of our personnel, we have suspended prospecting and soil sampling activities on our Nitra property and have decided to wrap up our Phase I program drilling program at AurMac with 24,556 metres drilled. Core logging and cutting, regional exploration in areas currently not proximal to wildfires and the onsite prep lab continue to be operational.
Banyan has opened its excess space in camp to evacuated workers from the
The Company is well financed with over
'The safety of our employees, contractors, our neighbours and the community is our top priority. All our employees and infrastructure are currently safe. With the infrastructure at Banyan, we have the ability to execute drill programs through December so we can constructively use this time to continue to plan our Phase II drill and exploration programs with the benefit of additional results from our Phase I program,' said
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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 Banyan, and adjacent to Victoria
The 173 square kilometres ('sq km') AurMac Property lies 30 kilometres ('km') from Victoria
The Updated Mineral Resource Estimate for the AurMac Property was prepared on
In addition to the AurMac Property, the Company holds the
Contact:
Tel: 778 928 0556
Email: tchristie@banyangold.com
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 and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend(s)', '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 exploration and statements regarding exploration expectations, exploration or development plans and timelines; mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include 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, 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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