GOLD: Banks Island makes marketable concentrate at Yellow Giant

BRITISH COLUMBIA – Banks Island Gold of Vancouver has produced the first marketable gold concentrate from the Yellow Giant mine and mill near Prince Rupert. A minimum of 100 tonnes of gold concentrate is to be shipped on Friday, Jan. 24, headed overseas to Metallica Commodities Corp.

The plant relies on dense media separation to concentrate the gold. The first 55.4 tonnes averaged 66.7 g/t Au, 286 g/t Ag and 6.7% Cu. The offtake agreement requires that the gold content be at least 50 g/t.

Banks Island Gold president and CEO Benjamin Mossman stated, "A significant milestone has been achieved with the first revenue generation in the company imminent. This achievement allows the company to move forward with confidence in expanding production of DMS concentrates at Yellow Giant and provide the means to improve the project with the addition of the grinding and flotation sections over the coming months."

The company has posted a professional photo gallery of last year's activities at BanksIslandGold.com.