British Columbia's most recent new Gold producer is now shut down. The company operated during 2014 and 2015 and produced over 20,000 ounces of payable gold equivalent during 17 months of operations. The company ceased operations in late July 2015, and became insolvent Dec 31, 2015.
The vision at BANKS ISLAND GOLD was to become a premier precious metals producer through capitalizing on the prolific resources at Yellow Giant, using the group's demonstrated operting experience and disciplined growth with a competitive edge for evaluation and M&A.
The Yellow Giant Gold Property is located on Banks Island British Columbia. Multiple mineralized zones on the Property are open at depth and strike. There is excellent exploration potential over the ~16,000 hectare Property, which has numerous gold showings and mineralized zones but relatively little exploration to date.
This website includes certain "forward-looking statements" such as estimates and statements that describe Banks Island Gold's property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.