Last C$0.48 CAD
Change Today -0.01 / -2.04%
Volume 49.0K
BOZ On Other Exchanges
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As of 2:36 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

banks island gold ltd (BOZ) Snapshot

Open
C$0.48
Previous Close
C$0.49
Day High
C$0.52
Day Low
C$0.48
52 Week High
09/6/13 - C$0.82
52 Week Low
03/3/14 - C$0.43
Market Cap
25.9M
Average Volume 10 Days
47.3K
EPS TTM
C$-0.15
Shares Outstanding
53.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BANKS ISLAND GOLD LTD (BOZ)

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banks island gold ltd (BOZ) Details

Banks Island Gold Ltd., an exploration stage company, acquires, explores, and develops mineral properties in Canada. It holds interests in Red Mountain gold and Yellow Giant gold properties located in British Columbia. Banks Island Gold Ltd. was incorporated in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

banks island gold ltd (BOZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$139.2K
Chief Financial officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

banks island gold ltd (BOZ) Key Developments

Banks Island Gold Ltd. Discovers New Mineralized Gold Zone at Yellow Giant

Banks Island Gold Ltd. announced the discovery of a new mineralized gold zone near the Quartz Hill area at the Yellow Giant Gold Property, located on Banks Island, British Columbia. The company is diamond drilling near Quartz Hill in an area with a significant Au-Ag-As soil geochemistry anomaly which measures over 600m in length. Company crews succeeded in locating significant mineralization near Quartz Hill with the first drill hole in this area at a depth of 150m below surface. Company geologists believe this new discovery has the potential to develop into a mineralized zone of significance at Yellow Giant. Plans are being developed to aggressively explore the Quartz Hill area. The mineralization appears associated with a previously unknown dragfold or fault related block of hornblende diorite. Company geologists believe this block acted as a significant fluid trap in the contact zone with the quartz monzonite to the north-east. Two further untested pyrite-pyrrhotite-gold showings are in close proximity which may be related to the same pyrite-pyrrhotite-gold fluid system. Two holes were drilled near Quartz Hill. Initial assays from QH-14-01 returned results of 14.0gpt Au over 2.3m inside a larger mineralized intercept of 2.5gpt Au over 14.5m. QH-14-02, was drilled to test the down-dip extension of this mineralization; assay results are pending. Mineralization in drill hole QH-14-01 consists of fine to medium grained disseminated sulphides in sericite altered, sheared quartz monzonite. Mineralization is zoned with a high grade core and a lower grade halo extending for 14.5 m.

Banks Island Gold Ltd. Reports Update on Underground Mining at Yellow Giant

Banks Island Gold Ltd. reported an update on progress at the Yellow Giant Gold Property, located on Banks Island, British Columbia. At present the company has 11,000 tones of broken mill feed stockpiled and will have a 25,000 tone stope ready for production mining at the Tel Zone by July 30, 2014. At a production rate of 200 tones per day, the company has approximately 6 months of mineralized material available for processing once the grinding and flotation circuits are commissioned and ready for production in early August. The company plans to continue mine development at the Tel Zone and other zones at Yellow Giant in order to maintain a healthy inventory of material available for processing. Mine development for initial production mining at Tel Zone near completion. 11,000 tones of mineralized material currently in surface stockpile. Production mining of 25,000 tones at Tel Zone to commence on July 30, 2014. 6 months of mill feed available (36,000t) at start of flotation concentrate production in early August.

Banks Island Gold Ltd. Reports Grinding and Flotation Circuits Nearing Completion at Yellow Giant

Banks Island Gold Ltd. reported an update on progress at the Yellow Giant Gold Property, located on Banks Island, British Columbia. The company has made significant progress towards completion and commissioning of the grinding and flotation sections of the mineral process plant. All major equipment is now in place and company crews are now completing piping, pumps, and electrical work. The company plans to begin commissioning of the grinding and flotation sections in late-July and begin production of flotation concentrate in early August 2014. Design and construction of additional improvements will continue after commissioning. A gold room is planned to be commissioned in late August for upgrading gravity recoverable gold into a direct smelting gold product. An onsite assay laboratory facility is planned to be constructed and commissioned in September. Design and construction of all facilities are being handled by Company employees. The company continues work towards completion of installation and commissioning of the grinding and flotation circuits of the process plant. The grinding and flotation modules are now installed, the thickeners are erected and mechanically complete, both filter presses have been erected, and the mill feed conveyor has been erected and commissioned. The diesel gensets, which include primary and backup power with a combined capacity of 3.2MVA, are installed and are due to be commissioned and tied into the site power system. The stock tanks and agitators are to be erected shortly and piping and electrical installations are in progress and nearing completion. The company plans to commence Cold Commissioning in the next week to be followed by Hot Commissioning. The running of ore through the plant is anticipated to start in late July with production of flotation concentrates expected to commence in early August.

 

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