With Memorial Day taking the spotlight off stocks in the U.S., Canadian issues took advantage of all the attention, particularly those in the gold sector.
Vancouver-based Banyan Gold Corp. (TSX-Venture:BYN) enthused to investors about an impressive Initial Mineral Resource Estimate for the Aurex ?and McQuesten properties (together, the "AurMac Property")? ? in Yukon’s Mayo Mining ?district, about 360 ?kilometres north of Whitehorse.
The Initial Mineral Resource Estimate comprises a total Inferred Mineral Resource of 903,945 ?ounces of gold on the near surface, road accessible AurMac Property.
One mine displayed a capacity of 45,997,911 tonnes, with average grade of 0.524 grams gold per ton g/t), and gold content topping 774,000. Another contained 6.5 million tonnes, with 0.61 g/t, and gold content of 129,000.
BYN shares climbed 2.5 cents, or 31.3%, to 10.5 cents by noon EDT on Monday, on volume surpassing two million shares.
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