Welcome to Banks Island Gold Ltd.
Our vision at BANKS ISLAND GOLD is to become a premier precious metals producer by capitalizing on rigorous evaluation techniques, operating skills, and experience within our group.
The Yellow Giant Gold Property, located on Banks Island British Columbia, is moving into a bulk sample and pilot mining stage in 2013. Multiple mineralized zones on the Property are open at depth and strike. There is excellent exploration potential over the 12,000 hectare Property, which has numerous gold showings and mineralized zones but relatively little exploration to date.
The Red Mountain Gold Property, located in the Skeena Mining Division of British Columbia, 18km east of Stewart, B.C., has the potential of becoming a significant low-cost producing gold mine. A Preliminary Economic Assessment for 1,800tpd underground gold mine was recently completed and contemplates gold equivalent production of 114,000oz per year at a cost of $459/oz. The Red Mountain Gold Property also has excellent exploration potential with over 17,000 ha of property with significant mineralized zones open along strike and large porphyry intrusive not yet explored to depth beneath Red Mountain.
Banks Island Gold has talented, experienced, and respected managers and directors with experience ranging from designing 250tpd high grade silver mines to President and General Manager of Canada's largest open pit copper mine.
Banks Island Gold has potential as a near term producer. High grades and record gold prices may allow a lucrative near term mining operation.
Benjamin Mossman, P.Eng and CEO of Banks Island Gold is the qualified person responsible for the technical disclosure contained on this website.
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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.
