'We want to get this project to tier-one status' - Banyan Gold's Tara Christie
(Kitco News) - Next year Banyan Gold will push their Aurmac project into a status that will get the attention of major gold miners , said Banyan Gold President and CEO Tara Christie.
On Wednesday Christie spoke to Kitco at the Vancouver Resource Investment Conference.
Banyan Gold is an exploration and development company based in the Yukon. It's Aurmac property is situated near mine operators Victoria Gold and Alexco Resources.
In May the company announced an updated resource estimate comprised of a total inferred mineral resource of 3,990,000 ounces of gold on road-accessible AurMac. This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. The company said that all three deposits are open, with mineralization known to extend beyond the current block model boundaries.
Christie said the results have caught people's attention.
"Quite a few people have been quite surprised by it," said Christie. "We're doing a very robust metallurgy program, and that all culminates in 2023 in a preliminary assessment, which really will demonstrate the value of this project to our shareholders.
"[We] want to get this project to that tier-one status that majors look for—over five million ounces, because I think that's important, and also find that high-grade starter pit which will give us a compelling early payback."