Sep 5, 2012
Banks Island Gold TSX-V:BOZ is working on two very rich deposits in British Columbia Canada; Yellow Giant and Red Mountain. Ben Mossman, President & CEO has come up with a very ingenious strategy for bringing them to production. Yellow Giant is an extremely high high grade deposit and qualifies as a small mine under Canadian law. Banks won't need lengthy environmental approvals and can rush it into production. The resulting cash flow will help fund the larger Red Mountain project. Thus financing complications are held to a minimum and it will help reduce the need for issuing more shares. This creates a win-win for the shareholders and management alike.
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