Banks Island announces results of an updated mineral resource estimate and results of metallurgical testing for the Yellow Giant Gold Property, located 120km south of Prince Rupert. Mineral Resource Estimate: Mr. Baldwin, P.Eng prepared an updated current Mineral Resource estimate for four mineral zones at Yellow Giant incorporating diamond [...]
Banks Island Gold is pleased to announce that, further to its news releases of September 12, 2012 and October 5, 2012, it has closed a non-brokered private placement offering of 1,822,738 units at a price of $0.81 per Unit for gross proceeds of $1,476,418. Each Unit consists of one common share and one share purchase warrant. Each warrant entitles [...]
Banks Island Gold announces that it has entered into an agreement to acquire two (2) floating camp facility barges for the aggregate sum of $525,000, plus applicable HST. The barges will be moored at Banks Island and will be used as accommodation, dining and recreation facilities for the Company's employees, consultants and other personnel while at [...]
Banks Island Gold is pleased to announce that, further to its news release dated September 20, 2012, it has closed a non-brokered private placement of 574,713 flow-through common shares at a price of $0.87 per share for gross proceeds of $500,000. In connection with the FT Offering, the Company paid a finder's fee, in cash, in the amount of 7% of [...]
Banks Island Gold announces it will undertake a non-brokered private placement to sell 617,284 flow-through common shares of the Company at a price of CAD$0.87 per share to raise gross proceeds of up to CAD$500,000. Finder's fees may be payable in connection with the Non-Brokered Offering in accordance with the policies of the TSX Venture Exchange [...]
Banks Island Gold announces a non-brokered private placement offering of up to 620,000 units at a price of $0.81 per Unit, to raise gross proceeds of $502,200. Each Unit consists of one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the Company for a [...]
Banks Island Gold announces the results of the Company's Annual General meeting of Shareholders held in Vancouver, British Columbia on July 12, 2012. The shareholders approved all motions put forth at the Meeting including the re-appointment of Wolrige Mahon LLP, Chartered Accountants, as the Company's independent auditors, and the confirmation of [...]
Banks Island Gold announces results of a Preliminary Economic Assessment (PEA) for significant underground gold mining operation at the Red Mountain Project, located 30km east of Stewart. The NI43-101 compliant PEA study, dated June 14th 2012, was prepared by independent consultants, Mr. Robert Baldwin, P.Eng and Mr. Lyn Jones, P.Eng. The study [...]
Banks Island Gold is pleased to announce that, further to its news release dated March 15, 2012, it has entered into an option agreement with Seabridge Gold to acquire a 100% interest in and to the mineral claims and other assets comprising Seabridge's Red Mountain Project located approximately 18 km east of the Port of Stewart, British Columbia.
Banks Island Gold wishes to announce a non-brokered private placement offering of up to 166,667 units at a price of $0.60 per Unit and an offering up to 381,000 flow-through common shares at a price of $0.66 per FT Share. Gross proceeds from the Unit Offering and FT Offering will total $351,460. Each Unit in the Unit Offering is comprised of one [...]
Banks Island Gold announces that it has received assay results for twelve diamond drill holes (1,059m) completed at the Discovery Zone in April 2012. Diamond drilling at the Discovery Zone was focused on definition drilling in the area of the current Inferred Resource. Highlights from the recent drilling include an intercept of 135.5gpt Au and [...]
