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.