Banyan Provides Update for 2025 Diamond Drill Exploration Program at the AurMac Project, Yukon, Canada
Banyan Gold has completed 19 diamond drillholes totaling 4,500 meters of its planned 30,000-meter program at the AurMac Project in Yukon Territory. The fully funded program began on April 1, 2025, with three drills currently operating.
Notable discoveries include the first-ever visible gold in high-grade skarn mineralization at the Airstrip deposit, found in drillhole AX-25-650. This follows up on previous results from 2024 that showed 15.9 meters at 9.32 g/t Au. The company is targeting continuity of high-grade mineralization associated with felsic dyke contacts.
The AurMac Project currently holds an inferred Mineral Resource Estimate of 7.0 million ounces of gold as of February 2024. Located 40 km from Mayo, Yukon, the 215.3 square kilometer project benefits from existing infrastructure including highway access and power lines. The resource is contained in two deposits: Airstrip (845,000 oz) and Powerline (6,158,000 oz).
Banyan Gold ha completato 19 perforazioni diamantate per un totale di 4.500 metri del programma previsto di 30.000 metri presso il Progetto AurMac nel Territorio dello Yukon. Il programma completamente finanziato è iniziato il 1° aprile 2025 e attualmente sono in funzione tre trivelle.
Tra le scoperte più rilevanti vi è la prima evidenza di oro visibile in mineralizzazione skarn ad alto tenore presso il deposito Airstrip, individuata nel foro di sondaggio AX-25-650. Questo risultato segue i dati del 2024 che avevano mostrato 15,9 metri con 9,32 g/t Au. L'azienda punta a confermare la continuità della mineralizzazione ad alto tenore associata ai contatti con diti felsici.
Il Progetto AurMac detiene attualmente una stima delle risorse minerarie inferite di 7,0 milioni di once d’oro aggiornata a febbraio 2024. Situato a 40 km da Mayo, nello Yukon, il progetto di 215,3 km² beneficia di infrastrutture esistenti, tra cui accesso stradale e linee elettriche. La risorsa è contenuta in due depositi: Airstrip (845.000 oz) e Powerline (6.158.000 oz).
Banyan Gold ha completado 19 perforaciones diamantinas que suman 4,500 metros de su programa planificado de 30,000 metros en el Proyecto AurMac en el Territorio de Yukon. El programa totalmente financiado comenzó el 1 de abril de 2025 y actualmente operan tres equipos de perforación.
Entre los hallazgos destacados se encuentra el primer oro visible en mineralización skarn de alta ley en el depósito Airstrip, encontrado en el taladro AX-25-650. Esto da seguimiento a resultados previos de 2024 que mostraron 15.9 metros con 9.32 g/t Au. La compañía busca la continuidad de la mineralización de alta ley asociada a contactos con diques félsicos.
El Proyecto AurMac actualmente posee una estimación de recursos minerales inferidos de 7.0 millones de onzas de oro a febrero de 2024. Ubicado a 40 km de Mayo, Yukon, el proyecto de 215.3 km² cuenta con infraestructura existente, incluyendo acceso por carretera y líneas eléctricas. El recurso está contenido en dos depósitos: Airstrip (845,000 oz) y Powerline (6,158,000 oz).
Banyan Gold는 유콘 준주에 위치한 AurMac 프로젝트에서 계획된 3만 미터 프로그램 중 4,500미터에 해당하는 19개의 다이아몬드 시추공을 완료했습니다. 완전 자금 지원을 받는 이 프로그램은 2025년 4월 1일에 시작되었으며 현재 세 대의 시추기가 가동 중입니다.
주목할 만한 발견으로는 AX-25-650 시추공에서 고품위 스카른 광상 내 최초로 육안으로 확인된 금이 Airstrip 광상에서 발견된 점이 있습니다. 이는 2024년 15.9미터 구간에서 9.32 g/t Au가 확인된 이전 결과를 이어가는 것입니다. 회사는 화성암 다이크 접촉부와 관련된 고품위 광상의 연속성을 목표로 하고 있습니다.
AurMac 프로젝트는 2024년 2월 기준으로 추정 광물 자원량 700만 온스의 금을 보유하고 있습니다. 마요에서 40km 떨어진 이 215.3 평방킬로미터 규모의 프로젝트는 고속도로 접근과 전력선 등 기존 인프라를 활용할 수 있습니다. 자원은 Airstrip(845,000 온스)과 Powerline(6,158,000 온스) 두 광상에 분포되어 있습니다.
Banyan Gold a achevé 19 forages diamantés totalisant 4 500 mètres dans le cadre de son programme prévu de 30 000 mètres au projet AurMac dans le territoire du Yukon. Le programme entièrement financé a débuté le 1er avril 2025, avec trois foreuses actuellement en opération.
Parmi les découvertes notables figure la première observation d’or visible dans une minéralisation skarn à haute teneur au gisement Airstrip, trouvée dans le forage AX-25-650. Cela fait suite aux résultats de 2024 montrant 15,9 mètres à 9,32 g/t Au. La société vise à confirmer la continuité de la minéralisation à haute teneur associée aux contacts de dykes felsiques.
Le projet AurMac détient actuellement une estimation des ressources minérales inférées de 7,0 millions d’onces d’or à février 2024. Situé à 40 km de Mayo, Yukon, ce projet de 215,3 km² bénéficie d’infrastructures existantes, notamment un accès routier et des lignes électriques. La ressource est contenue dans deux gisements : Airstrip (845 000 oz) et Powerline (6 158 000 oz).
Banyan Gold hat 19 Diamantbohrlöcher mit einer Gesamtlänge von 4.500 Metern im Rahmen seines geplanten 30.000-Meter-Programms im AurMac-Projekt im Yukon-Territorium abgeschlossen. Das vollständig finanzierte Programm begann am 1. April 2025, derzeit sind drei Bohrgeräte im Einsatz.
Bemerkenswerte Entdeckungen umfassen das erstmals sichtbare Gold in hochgradiger Skarn-Mineralisierung am Airstrip-Lagerstätte, gefunden im Bohrloch AX-25-650. Dies baut auf früheren Ergebnissen aus dem Jahr 2024 auf, die 15,9 Meter mit 9,32 g/t Au zeigten. Das Unternehmen zielt darauf ab, die Kontinuität der hochgradigen Mineralisierung in Verbindung mit felsischen Ganggesteinskontakten nachzuweisen.
Das AurMac-Projekt verfügt derzeit über eine geschätzte abgeleitete Mineralressource von 7,0 Millionen Unzen Gold (Stand Februar 2024). Das 215,3 Quadratkilometer große Projekt liegt 40 km von Mayo, Yukon, entfernt und profitiert von bestehender Infrastruktur wie Straßenanbindung und Stromleitungen. Die Ressource ist in zwei Lagerstätten enthalten: Airstrip (845.000 Unzen) und Powerline (6.158.000 Unzen).
- Fully funded 30,000-meter diamond drill program underway with 4,500m already completed
- Discovery of visible gold in high-grade skarn mineralization at Airstrip deposit
- Large inferred mineral resource of 7.0M gold ounces reported in February 2024
- Project benefits from existing infrastructure including highway access and 3-phase powerline
- Strategic location 40km from Mayo, Yukon with good accessibility
- All mineral resources are in Inferred category, lacking higher confidence Indicated/Measured classifications
- Resources not yet classified as reserves, economic viability not demonstrated
- Project success dependent on gold price maintaining $1,800/oz assumption used in resource estimate
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce that it has completed 19 diamond drillholes and 4500 m of the 30,000 metre ("m") program at the AurMac Project ("AurMac" or the "Project"), Yukon Territory. The fully funded 30,000 m diamond drill program commenced on April 1, 2025.
"Our 2025 program at AurMac has started strong with three drills turning at AurMac," said Tara Christie, President and CEO, "we have an exciting year ahead with targets to follow up on high-grade results at Airstrip, testing possible extensions of the mineralized envelope of the deposit at both AirStrip and Powerline, and other regional targets. The first part of the program has been planned to strategically take advantage of snowpack and frozen ground."
"Core from initial drilling strongly validates our drill plan, with visible gold discovered for the first time in our high-grade skarn mineralization at Airstrip in AX-25-650," stated Duncan Mackay, Vice President of Exploration. "Diamond drillholes AX-25-650 and AX-25-652 follow up on AX-24-590 from 2024 which intersected 15.9 m at 9.32 g/t Au (see News Release February 19, 2025). These intersections of visible gold in association with consistent skarn style mineralization support our improved understanding of the near-surface, high-grade mineralization at Airstrip following our 2024 program. We have continued to trace this mineralization in the up-dip direction with the goal to delineate more of this near-surface high-grade domain. Visible Gold and veining are typical of Powerline mineralization, and continue to be observed in core from expansion holes targeting the Powerline deposit."
Drillhole AX-25-650 was drilled to test continuity of relative high-grade mineralization associated with the contact between a felsic dyke and calcareous metasediment. Visible gold (see Figures 1 & 2 below) was observed in dyke-skarn mineralization for the first time at the Airstrip Deposit. Initial review of drill core suggests consistent high-grade gold mineralization with good continuity, spatially associated with the felsic dyke contact in both the hanging wall and foot wall.
Figure 1: Instances of visible gold observed in the Airstrip Deposit from drill holes AX-25-650 and AX-25-652. Left and right: visible gold is observed in discordant quartz veins and is often associated with bismuthinite, arsenopyrite, pyrrhotite, and pyrite.
Figure 2: Visible gold associated with "skarn" style mineralization in calc-silicate altered calcareous metasedimentary rock containing semi-massive pyrrhotite and fine- to coarse-grained arsenopyrite and pyrite.
Airstrip Deposit
Drillhole AX-25-650 was drilled to a length of 225.55 m at an azimuth of 245° and dip of -50° with the goal of testing continuity of calc-silicate hornfels alteration and related mineralization in proximity to the felsic dyke-calcareous metasedimentary rock contact. The drillhole successfully intersected several sections of "skarn" style mineralization with semi-massive pyrrhotite and coarse-grained arsenopyrite and pyrite, typical of relatively high-grade gold mineralization in Airstrip as well as the first instance of visible gold in this style of mineralization observed at site (Figures 3 and 4). Visible gold was also observed in AX-25-650 associated with a discordant quartz vein typical of mineralization observed in the Powerline Deposit.
Figure 3: Plan map of Airstrip Deposit showing location of 2025 diamond drill holes. Section line for Figure 3 (black line) denotes orientation of hole AX-25-650, designed to test continuity of high-grade zones.
Figure 4: A cross section showing the trace for AX-25-650 and the approximate location of visible gold occurrences (yellow stars). These visible gold occurrences are the first instances associated with calc-silicate hornfels related mineralization. High-grade gold mineralization in Airstrip is associated with semi-massive pyrrhotite mineralization, arsenopyrite, and pyrite in "skarn" style contact aureoles associated with felsic dykes intruding into calcareous metasedimentary rocks.
Qualified Persons
Duncan Mackay, P.Geo., is a "Qualified Person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects ("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 VP Exploration for Banyan and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information.
About Banyan
Banyan's primary asset, the AurMac Project is located in Canada's Yukon Territory. The current inferred Mineral Resource Estimate ("MRE") for the AurMac Project of 7.0 million ounces has an effective date of February 6, 2024. The 215.3 square kilometres ("sq km") AurMac Project lies 40 km from Mayo, Yukon. The AurMac Project is transected by the main 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
The inferred MRE for the AurMac Project was prepared on February 6, 2024, and consisted of 7,003,000 ounces of gold (see Table 1) hosted within near surface, road accessible pit constrained Mineral Resources contained in two near/on-surface deposits: the Airstrip and Powerline Deposits.
Table 1: Pit-Constrained Inferred Mineral Resources - AurMac Project
Deposit | Gold Cut-Off (g/t) | Tonnage | Average Gold Grade (g/t) | Contained Gold (oz.) |
Inferred | ||||
Airstrip | 0.30 | 35,243,000 | 0.75 | 845,000 |
Powerline | 0.30 | 312,243,000 | 0.61 | 6,158,000 |
Total Combined | 0.30 | 347,486,00 | 0.63 | 7,003,000 |
Notes:
The effective date for the MRE is February 6, 2024, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI43-101. The technical report supporting the Resource Estimate entitled "AurMac Property, Mayo Mining District, Yukon Territory, Canada" (the "Technical Report") has been filed on SEDAR at www.sedarplus.ca on March 18, 2024.
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 and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
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 0.75 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
$1,800 /ounce, US$2.50 /t mining cost, US$5.50 /t processing cost, US$2.00 /t G+A,80% gold recoveries, and 45° pit slopes.The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.
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 kilometres ("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 at 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, mineralized continuity, exploration or development plans and timelines; 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 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, timing and risk of earning the final
SOURCE: Banyan Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What are the results of Banyan Gold's (BYAGF) 2025 AurMac drilling program so far?
How many gold ounces are in Banyan Gold's (BYAGF) AurMac resource estimate 2024?
What significant discoveries were made in Banyan Gold's (BYAGF) Airstrip deposit in 2025?
Where is Banyan Gold's (BYAGF) AurMac project located and how accessible is it?
What is the gold cut-off grade used for Banyan Gold's (BYAGF) AurMac resource estimate?
