Banyan Files Technical Report for AurMac Project, Yukon, Canada
Banyan Gold Corp. (OTCQB:BYAGF) has filed a Technical Report for its AurMac Project in Yukon, Canada, supporting an updated Mineral Resource Estimate (MRE). The report reveals Indicated Mineral Resources of 2.274 million ounces of gold (112.5M tonnes at 0.63 g/t) and Inferred Mineral Resources of 5.453 million ounces (280.6M tonnes at 0.60 g/t).
The AurMac Project, located 40km northeast of Mayo, Yukon, consists of two near-surface deposits: Airstrip and Powerline. The project benefits from existing infrastructure including road access and connection to Yukon's power grid. The MRE uses a gold price assumption of US$2,050/oz and a cut-off grade of 0.30 g/t gold.
Banyan Gold Corp. (OTCQB:BYAGF) ha depositato un Technical Report per il progetto AurMac nello Yukon, Canada, a supporto di una stima delle risorse minerarie aggiornata (MRE). Il rapporto riporta risorse minerarie indicate pari a 2,274 milioni di once d'oro (112,5 M di tonnellate a 0,63 g/t) e risorse minerarie inferite pari a 5,453 milioni di once (280,6 M di tonnellate a 0,60 g/t).
Il progetto AurMac, situato 40 km a nord-est di Mayo nello Yukon, comprende due depositi vicino alla superficie: Airstrip e Powerline. Il progetto beneficia di infrastrutture esistenti, inclusi accesso stradale e collegamento alla rete elettrica dello Yukon. La MRE è stata calcolata assumendo un prezzo dell'oro di US$2.050/oz e un grado di cut-off di 0,30 g/t oro.
Banyan Gold Corp. (OTCQB:BYAGF) presentó un Technical Report para su proyecto AurMac en Yukon, Canadá, que respalda una estimación de recursos minerales actualizada (MRE). El informe revela Recursos Minerales Indicados de 2,274 millones de onzas de oro (112,5 M toneladas a 0,63 g/t) y Recursos Minerales Inferidos de 5,453 millones de onzas (280,6 M toneladas a 0,60 g/t).
El proyecto AurMac, ubicado a 40 km al noreste de Mayo, Yukon, consta de dos depósitos cercanos a la superficie: Airstrip y Powerline. El proyecto se beneficia de infraestructura existente, incluido acceso por carretera y conexión a la red eléctrica de Yukon. La MRE utiliza un supuesto de precio del oro de US$2.050/oz y un grado de corte de 0,30 g/t de oro.
Banyan Gold Corp. (OTCQB:BYAGF)는 캐나다 유콘의 AurMac 프로젝트에 대한 기술보고서(Technical Report)를 제출하여 갱신된 광물자원추정치(MRE)를 뒷받침했습니다. 보고서는 지정(Indicated) 광물자원이 금 227.4만 온스 (1억1250만 톤, 0.63 g/t)이며 추정(Inferred) 광물자원이 금 545.3만 온스 (2억8060만 톤, 0.60 g/t)이라고 밝히고 있습니다.
AurMac 프로젝트는 유콘의 Mayo에서 북동쪽으로 40km 떨어진 곳에 위치하며, 지표면에 가까운 두 개의 광상인 Airstrip과 Powerline으로 구성되어 있습니다. 이 프로젝트는 도로 접근성과 유콘 전력망 연결 등 기존 인프라를 활용하고 있습니다. MRE는 금 가격을 미화 2,050달러/온스, 컷오프 등급을 금 0.30 g/t로 가정하여 산정되었습니다.
Banyan Gold Corp. (OTCQB:BYAGF) a déposé un Technical Report pour son projet AurMac au Yukon, Canada, soutenant une estimation actualisée des ressources minérales (MRE). Le rapport révèle des ressources minérales indiquées de 2,274 millions d'onces d'or (112,5 M de tonnes à 0,63 g/t) et des ressources minérales inférées de 5,453 millions d'onces (280,6 M de tonnes à 0,60 g/t).
Le projet AurMac, situé à 40 km au nord-est de Mayo, Yukon, comprend deux gisements proches de la surface : Airstrip et Powerline. Le projet bénéficie d'infrastructures existantes, notamment l'accès routier et la connexion au réseau électrique du Yukon. La MRE utilise une hypothèse de prix de l'or de 2 050 $US/oz et un seuil de coupure (cut-off) de 0,30 g/t d'or.
Banyan Gold Corp. (OTCQB:BYAGF) hat einen Technical Report für sein AurMac-Projekt im Yukon, Kanada, eingereicht, der eine aktualisierte Mineralressourcenschätzung (MRE) untermauert. Der Bericht zeigt angezeigte (Indicated) Mineralressourcen von 2,274 Mio. Unzen Gold (112,5 Mio. Tonnen bei 0,63 g/t) und abgeleitete (Inferred) Mineralressourcen von 5,453 Mio. Unzen (280,6 Mio. Tonnen bei 0,60 g/t).
Das AurMac-Projekt, 40 km nordöstlich von Mayo, Yukon, gelegen, umfasst zwei oberflächennahe Lagerstätten: Airstrip und Powerline. Das Projekt profitiert von vorhandener Infrastruktur, einschließlich Straßenanbindung und Anschluss an das Stromnetz des Yukon. Die MRE basiert auf einer Goldpreisannahme von US$2.050/oz und einem Cut-off-Gehalt von 0,30 g/t Gold.
- MRE shows substantial gold resources with 2.274M oz Indicated and 5.453M oz Inferred
- Project benefits from existing infrastructure including roads and power grid access
- Strategic location 40km from Mayo, Yukon with good accessibility
- Company has rights to earn up to 100% interest in the properties
- Resources are currently only at Indicated and Inferred level, requiring further development
- Project success depends on gold price assumptions of US$2,050/oz
VANCOUVER, BC / ACCESS Newswire / August 20, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) announces the filing of the Technical Report to support the updated Mineral Resource Estimate ("MRE") in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") for the AurMac Project (the "AurMac Property or "AurMac"). The Technical Report titled "Technical Report, AurMac Property, Mayo Mining District, Yukon Territory, Canada" and dated August 20, 2025, was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., Tysen Hantelmann, P.Eng., of JDS Energy & Mining Inc. and Deepak Malhotra, PhD., of Forte Dynamics. The Technical Report is available for review on SEDAR+ at www.sedar.ca and on the Company's website at www.banyangold.com.
As announced in the Company's news release dated July 8, 2025, the updated MRE comprises an Indicated Mineral Resource of 2.274 million ("M") ounces ("oz") of gold ("Au") (112.5 M tonnes at 0.63 g/t) and an Inferred Mineral Resource of 5.453 Moz of Au (280.6 M tonnes at 0.60 g/t ) (as defined in the CIM Definition Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43‑101). The updated MRE is summarized below in Table 1 (Figure 1). The AurMac Project pit constrained MRE is contained in two near/on-surface deposits: the Airstrip and Powerline deposits. AurMac is road accessible and is transected by an existing transmission line of the Yukon's power grid. The AurMac Project is located in the Mayo Mining district, approximately 40 kilometres ("km") northeast from the village of Mayo, Yukon and 356 km north of Whitehorse, Yukon.
The updated MRE is summarized below in Table 1.
Table 1: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac Project
Indicated MRE | Inferred MRE | ||||||
Deposit | Au Cut-Off Grade (g/t) | Tonnage (M Tonnes) | Gold Grade (g/t) | Gold Content (Oz) | Tonnage (M Tonnes) | Gold Grade (g/t) | Gold Content (oz) |
Airstrip | 0.30 | 27.7 | 0.69 | 0.611 | 10.1 | 0.75 | 0.245 |
Powerline | 0.30 | 84.8 | 0.61 | 1.663 | 270.4 | 0.60 | 5.208 |
Total Combined | 0.30 | 112.5 | 0.63 | 2.274 | 280.6 | 0.60 | 5.453 |
Notes to Table 1:
The effective date for the MRE is June 28, 2025 and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing,changes in global gold markets or other relevant issues.
The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource.
Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.73 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US
$2,050 /ounce, US$2.50 /t mining cost, US$10.00 /t processing cost, US$2.00 /t G+A,90% gold recoveries, and 45° pit slopes.1The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.
The pit outlines used to constrain the MRE are shown in Figure 1. Detailed images of the Mineral Resource model, including an interactive 3D model and additional information can be found at: https://www.banyangold.com/projects/aurmac/
Figure 1. Plan Map Showing the Mineral Resource Estimate and Drill Collar Locations
1 The gold price and cost assumptions are consistent with current pricing assumptions and costs and, in particular, with those employed for recent technical reports for similar pit-constrained Yukon gold projects.
Qualified Persons
The updated Mineral Resource Estimate for the AurMac Project was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101, who has reviewed and approved the contents of this release and has verified the data disclosed as it relates to the MRE. The data was verified by Mr. Jutras using data validation and quality assurance procedures under industry standards.
Duncan Mackay, P.Geo., M.Sc., is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the content of this news release in respect of all disclosure other than the MRE. Mr. Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information
Upcoming Events
Precious Metals Summit, Beaver Creek, September 9-12, 2025
Corporate Presentation: September 10 at 8:15 AM MDT
GCFF Conference, Vancouver, September 20, 2025
121 Hong Kong, September 24-25, 2025
New Orleans Investment Conference, November 2-5, 2025
About Banyan
Banyan's primary asset, the AurMac Project is located in Canada's Yukon Territory. The 215.3 square kilometres ("sq km") AurMac Project lies 40 kilometres ("km") from Mayo, Yukon. The AurMac Project is transected by a Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has the right to earn up to a
In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the "Hyland Project"). The Hyland Project represents a sediment-hosted, structurally controlled, intrusion-related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads.
Banyan also holds the Nitra Gold Project, a grassroots exploration project located in the Mayo Mining district, approximately 10 km west of the AurMac Gold property. The Nitra Property lies in the northern part of the Selwyn basin and is underlain by metaclastic rocks of the Late Proterozoic Yusezyu Formation of the Hyland Group, similar to lithologies hosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic suite intrusions occur along the property including the Morrison Creek and Minto Creek stocks. The property is
Banyan trades on the TSX Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market under the symbol "BYAGF". For more information, please visit the corporate website or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend(s)", "believe", "potential" and "continue" or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's plans for exploration; and statements regarding exploration expectations, prospectivity of the Company's property interests, potential mining processes, pricing assumptions and mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the estimation of mineral resources and the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Banyan Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What is the total gold resource reported in Banyan Gold's (BYAGF) AurMac Project?
Where is Banyan Gold's AurMac Project located and what infrastructure does it have?
What is the cut-off grade used in Banyan Gold's AurMac resource estimate?
Which deposits are included in Banyan Gold's AurMac Project resource estimate?
When was the Technical Report for Banyan Gold's AurMac Project filed?
