Lots of things are happening in the world around us recently, as the Israel-Hamas conflict intensifies to a degree that the rest of the world gets increasingly worried to see Israel crossing some lines regarding the use of proportional violence. Besides this, the Russian invasion isn’t done yet after Ukraine failed to break through Russian lines and conquer Crimea, the BRICS nations intending to move away from the US Dollar as a reserve currency, Argentina just elected a president that makes Trump look like a sophisticated bookkeeper, and lots of areas around the world are recovering from numerous wildfires, although now it is Brazil’s turn.

After experiencing an online version in 2021 because of COVID-19, and an in-person conference in June last year attracting a modest 17,445 attendees, the Prospectors & Developers Association of Canada (PDAC) was happy to go back to normal again,  scheduling in early March, and gathering a more average figure of 23,819 attendees to Toronto, enjoying beautiful sunny and dry weather, with comfortable temperatures all week, as opposed to freezing -10 to -30C ordeals in the not too distant past.

As 2022 has come to an end, it might be appropriate to not only discuss the latest, successful raise by Banyan Gold, but also reflect on their many successes in 2022 , the potential for the price of gold in 2023, something that is material to Banyan Gold of course, and macro economics and the sector as a whole.

It was good to see Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) intercepting economic mineralization at almost all of their step-out drill holes again at their flagship AurMac gold project in the Yukon. This clearly is testament to the great caontinuity of the deposits, and makes life easy for management as they are expanding on a 3.99Moz @ 0.60g/t Au Inferred resource.

As the Yukon as a mining and exploration jurisdiction is becoming more and more attractive, it is also home to one of the, if not the, hottest gold exploration story at the moment (Snowline Gold, SGD.CSE), which certainly helps numerous other explorers in the region.

1. Introduction

In a time where sizable gold deposits are becoming increasingly rare, and Tier I deposits not in the hands of majors are almost unheard of, Banyan Gold (TSXV:BYN)(OTCQB:BYAGF) is quietly expanding an already delineated 4Moz Inferred gold deposit at their Aurmac project in the Yukon.