The stock options are being issued in connection with Banyan's annual compensation review process and are granted under and are subject to the terms and conditions of the Company's stock option plan. All of the options granted are exercisable at
2021 Drilling Program Update
The AurMac drill program for 2021 has now concluded, having expanded to four (4) drills and completing 30,091 metres ('m') of drilling in 135 diamond drill holes. Assay results from 63 holes are pending in the coming months.
Diamond drilling at AurMac since the Q1 2020 maiden resource announcement is now over 40,000 m to date - which has all targeted resource expansion of the Airstrip Deposit; the Powerline Deposit and the Aurex Hill zone.
The 2022 drill season will start early in the new year and the first 15,000 m of 30,000 m has been planned. Additional drill locations will be determined after reviewing analytical results.
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About Banyan
Banyan's primary asset AurMac is adjacent to Victoria
The 173 sq km AurMac Property lies 30 km from Victoria
Contact:
Tel: 778 928 0556
Email: tchristie@banyangold.com
FORWARD LOOKING INFORMATION
This news release contains forward-looking information, which is not comprised of historical facts. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend', 'believe' 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 Banyan's objectives, goals or future plans; statements regarding exploration expectations, exploration or development plans and mineral resource estimates. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent in resource estimates , 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, delays in the development of projects 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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