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With large gold miners looking for projects with a 500,000 ounces scale of annual production, Canada’s Yukon territory could have a double-play to consider in the shape of Victoria Gold’s Eagle open pit heap leach mine and Banyan Gold’s nearby Aurmac exploration project, which is adding ounces at a rate of knots, and could potentially sustain a 200,000oz/y operation.
Victoria Gold's Eagle heap leach pad in Yukon, Canada
Banyan published a 4 million ounce resource update in May and with 60,000m in its drilling plan for this year, management believes the resource will number 6-8Moz by the fall, the next time it is
Rapid resource growth getting noticed
Banyan Gold to raise $13 million
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