Banyan Gold Corp. reports developments tied to its AurMac Project in Canada's Yukon Territory, where the company advances gold exploration and resource definition across deposits including Powerline and Airstrip. Recurring updates include drill results for gold and silver mineralization, mineral resource and technical-study work, and project infrastructure context for the 303-square-kilometre property near Mayo.
Company news also covers capital actions such as private placements and flow-through share financings, management and corporate-development appointments, shareholder voting matters, and other capital-structure disclosures for the TSX Venture- and OTCQB-quoted issuer.
Banyan Gold (BYAGF) reported six Airstrip drillhole results extending gold mineralization into the gap between the Airstrip and Powerline deposits at AurMac.
Hole AX-26-921 returned 1.34 g/t gold over 20.2 metres, alongside 0.85 g/t over 28.9 metres, 1.89 g/t over 10.1 metres and 1.18 g/t over 27.5 metres. These are downhole lengths. Other holes extended mineralized zones in central Airstrip, including AX-26-915 with 0.96 g/t over 39.6 metres. Banyan plans additional drilling at depth within and just south of the conceptual pit boundary. The ongoing 2026 program has completed 198 holes totaling more than 56,000 metres, with six drills operating; results for 47 holes have been reported.
Banyan Gold (BYAGF) reported drilling that intersected 1.88 grams of gold per tonne over 17.9 metres between Airstrip and Powerline at AurMac, Yukon. Hole AX-26-942 returned this interval within 1.01 g/t gold over 36.1 metres starting 9.0 metres downhole, including 28.70 g/t over 0.8 metres.
Airstrip holes AX-26-729 and AX-26-730 returned 1.19 g/t over 12.1 metres and 6.79 g/t over 3.3 metres, respectively; both were drilled in 2025 and analysed in 2026. Additional gold-bearing horizons were identified below Airstrip, outside the current conceptual pit boundary. Banyan sees potential to expand mineralized areas and improve resource confidence. The company targets completion of its first preliminary economic assessment, an early study of project economics, in the fourth quarter of 2026.
Banyan Gold (BYAGF) closed a $54.3 million financing through brokered and concurrent non-brokered placements of common shares.
The brokered placement issued 23,156,500 shares at $2.00 each for $46,313,000 in gross proceeds. The concurrent placement issued 4,000,000 shares at $2.00 each for another $8,000,000 in gross proceeds. Company insiders purchased 250,000 shares in the concurrent placement, making it a related-party transaction under Canadian securities rules. Franco-Nevada joined as a shareholder.
Net proceeds are intended for Banyan's Yukon projects and general corporate and working capital needs. Banyan plans to advance AurMac and Nitra through 2028, including drilling, engineering and permitting. Both placements remain subject to final TSX Venture Exchange approval.
Banyan Gold (BYAGF) reported new 2026 drill results from the western Powerline Deposit at the AurMac project in Yukon, including 1.05 g/t gold over 52.8 m in hole AX-26-892B and a bonanza-grade interval of 149.14 g/t gold over 0.4 m in AX-26-891, within 0.56 g/t over 169.2 m.
Additional highlighted intercepts include 1.18 g/t over 8.3 m within 0.51 g/t over 50.5 m (AX-26-873), 1.15 g/t over 13.9 m within 0.44 g/t over 51.5 m (AX-26-876), 1.37 g/t over 11.8 m including up to 9.78 g/t over 1.0 m (AX-26-878), and 1.01 g/t over 17.2 m within 0.73 g/t over 26.6 m (AX-26-895). The company said these results improve grade and continuity along the margins of Powerline’s near-surface higher-grade cores and support its resource conversion and expansion strategy.
Banyan Gold (BYAGF) will be added to the MVIS Global Junior Gold Miners Index, the underlying index for the VanEck Junior Gold Miners ETF (GDXJ), following the September 2026 index review and rebalance. The change will be implemented using closing prices on Friday, September 18, 2026, and becomes effective before market open on Monday, September 21, 2026.
The company expects this inclusion to raise its market profile and broaden its investor base, particularly among passive and ETF investors. Banyan highlights the scale of its flagship AurMac Project in Yukon, which hosts an Indicated Mineral Resource of 3.639 Moz Au (167.3 M tonnes at 0.68 g/t) and an Inferred Mineral Resource of 4.985 Moz Au (267.2 M tonnes at 0.58 g/t), reported at a 0.30 g/t cut-off. Banyan also holds the Hyland Gold Project with an Indicated Mineral Resource of 337 koz Au and 2.63 Moz Ag, and an Inferred Mineral Resource of 118 koz Au and 0.86 Moz Ag.
Banyan Gold (OTCQB:BYAGF, TSXV:BYN) reported a new high-grade gold-silver discovery at the Seattle Creek zone on its 100%-owned Nitra Project in Yukon, about 25 km west of the AurMac deposit. The first drillhole at Seattle Creek (NT-26-006) returned 0.91 g/t gold and 27.01 g/t silver over 12.1 m from 41.7 m depth, including 4.04 g/t gold over 1.4 m and a 0.5 m interval grading 5.70 g/t gold and 544 g/t silver. Only assays from the top 95 m of this 600 m hole have been received, with true widths estimated at roughly 80% of drill intervals.
Seattle Creek is the second of eleven greenfield targets being tested in Banyan’s 2026, 7,500 m helicopter-supported diamond drilling program at Nitra and AurMac, covering an 830 sq km land package. Additional visible gold has been identified in Roaring Fork drillhole NT-26-002, with assays pending.
Banyan Gold (OTCQB:BYAGF) reported new high-grade gold intercepts from the Powerline North area of its AurMac Project in Yukon, Canada. Key hole AX-26-874 returned 13.03 g/t Au over 14.2m (true width ~12.8m), including 142.70 g/t Au over 1.0m, and 0.80 g/t Au over 54.5m. Additional holes (AX-26-832, -840, -845, -850, -871) intersected broad zones of near-surface mineralization with multiple higher-grade sub-intervals, suggesting continuity of gold between the Powerline and Airstrip deposits in an area largely classified as unmineralized in the current model.
According to Banyan, the 2026 drill program targets resource conversion and delineation of higher-grade domains. AurMac’s May 15, 2026 pit‑constrained Mineral Resource Estimate stands at 3.639 Moz indicated (167.3 Mt at 0.68 g/t Au) and 4.985 Moz inferred (267.2 Mt at 0.58 g/t Au, 0.30 g/t cut‑off).
Banyan Gold (OTCQB:BYAGF) reported initial greenfields drilling results from its 100%-owned Nitra gold project in Yukon, about 25 km west of the AurMac deposit. First hole NT-26-001 at the newly identified Roaring Fork zone intersected 1.62 g/t Au over 5.0 m, including 17.80 g/t Au over 0.4 m, plus several broader low-grade intervals. Visible gold and mineralized quartz veins with bismuth-sulphosalts were also logged at the Seattle Creek zone in hole NT-26-006. The 2026 program targets over 7,500 m of diamond drilling across 11 regional targets to identify additional Reduced Intrusion-Related Gold Systems around AurMac, which hosts an indicated resource of 3.639 Moz Au and inferred resource of 4.985 Moz Au.
Banyan Gold (OTCQB:BYAGF, TSXV:BYN) reported additional high-grade gold intersections from diamond drilling at the Powerline Deposit, part of the AurMac Project in Yukon, southwest of the main high-grade core. Key intercepts include AX-26-865 with 0.55 g/t Au over 151.3 m, hosting higher-grade zones such as 1.55 g/t Au over 5.4 m and 2.08 g/t Au over 4.1 m. AX-26-855B returned 2.44 g/t Au over 5.0 m, including 15.76 g/t Au over 0.6 m, while AX-26-859 cut 1.49 g/t Au over 8.8 m with a 14.40 g/t Au over 0.9 m sub-interval. Banyan said over 33,000 m of a planned 70,000 m 2026 drill program are complete, focused on upgrading inferred to indicated resources and expanding mineralization beneath the conceptual pit. AurMac’s current pit-constrained Mineral Resource Estimate, effective May 15, 2026, totals 3.639 Moz Au indicated and 4.985 Moz Au inferred at a 0.30 g/t Au cut-off.
Banyan Gold (OTCQB:BYAGF) engaged AMC Mining Consultants, Lycopodium and BGC Engineering to complete the first Preliminary Economic Assessment (PEA) for its AurMac gold project in Yukon, targeted for Q4 2026.
The PEA will use the May 15, 2026 AurMac MRE of 3.639 Moz indicated and 4.985 Moz inferred gold and benefit from strong local infrastructure. Banyan also outlines updated MREs for its Hyland project and ongoing large-scale drilling across its Yukon portfolio.