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Banyan Gold Announces Results from Annual General and Special Meeting of Shareholders
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0 KommentareVANCOUVER, BC / ACCESSWIRE / June 16, 2023 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN) (OTCQB:BYAGF) announces that all resolutions set out in the management proxy circular for Banyan's 2023 annual general and special meeting of …
VANCOUVER, BC / ACCESSWIRE / June 16, 2023 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN) (OTCQB:BYAGF) announces that all resolutions set out in the management proxy circular for Banyan's 2023 annual general and special meeting of shareholders held on June 15, 2023 (the "Meeting") were passed.
All director nominees (Marc Blythe, Steve Burleton, Tara Christie and David Reid) have been re-elected to serve for the coming year. The following resolutions were also approved and adopted:
- Fixing the number of directors to four;
- Re-appointment of Geib & Company Chartered Accountants as auditor; and
- The Company's rolling 10% share option plan
A total of 144,203,201 common shares representing 50.7% of the outstanding common shares were represented in person or by proxy at the Meeting.
Further details on the matters considered at the Meeting can be found in Banyan's management proxy circular, which is available on the Company website at www.banyangold.com or on SEDAR at www.sedar.com.
2023 Exploration Update
Banyan initiated its 2023 exploration program on March 1, 2023 and has had up to three (3) drills operating on the Property. Fifty-nine (59) drill holes and over 15,000 metres ("m") of drilling has been completed to date which together closed the gap between the Powerline Zone and Aurex Hill Zone and extended the Aurex Hill Zone further to the east. The 2023 program will include approximately 80% of exploration drilling focused on Powerline and Aurex Hill deposits, as well as expanding the mineralization at Aurex Hill Zone to the east, and a commiserate ~20% on new targets.
Upcoming Events
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Banyan will be participating in the upcoming events:
- Invest Yukon Investment Conference & Property Tours - July 17 to 20
- CEM - TSX Venture Growth Capital Event Kelowna - July 21 to 23
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 Gold's Eagle Gold Mine, in Canada's Yukon Territory. The updated resource for the AurMac Property of 6.2 million ounces (see Table 1 below) was announced on May 24, 2023.
The 173 square kilometres ("sq km") AurMac Property lies 30 km from Victoria Gold's Eagle Project and adjacent to Hecla Mining's high grade Keno Hill Silver mine. The property is transected by the main Yukon highway and access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has a right to earn up to a 100% interest, in both the Aurex and McQuesten Properties, subject to certain royalties.
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