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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 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 Corp (TSXV:BYN)(OTCQB:BYAGF) has launched a fully funded 30,000-metre diamond drilling program at its AurMac Project in Yukon's Tombstone Gold Belt. The campaign will primarily focus on expanding the Airstrip and Powerline deposits, which remain open in all directions.
The program follows successful 2024 results, including notable high-grade intersections at Airstrip (15.9m of 9.32 g/t gold) and Powerline (23.1m of 5.68 g/t gold). Approximately 75% of drilling will focus on advancing mineralized domains in these deposits, while 25% will test regional targets identified through geophysical surveys and soil sampling.
The AurMac Project currently hosts an inferred mineral resource of 7.0 million ounces of gold, with Airstrip containing 845,000 oz and Powerline holding 6,158,000 oz. The company plans to complete a preliminary economic assessment in Q4-2025, supported by ongoing metallurgical work and environmental surveys.
Banyan Gold Corp (BYAGF) has successfully closed a non-brokered private placement, raising total proceeds of $14.5 million. The offering consisted of three components: 32 million Premium FT Shares at $0.336 per share ($10.75M), 7.84 million FT Shares at $0.285 per share ($2.23M), and 6.3 million HD Shares at $0.24 per share ($1.51M).
The funds will be used to advance the AurMac Project in 2025 and 2026, including an expanded drill program, metallurgy, engineering, baseline studies, and community engagement. The flow-through shares proceeds will be used for Canadian exploration expenses in Yukon projects by December 31, 2026. Company insiders participated in the offering, acquiring 338,174 common shares.
All shares issued are subject to a hold period under Canadian securities laws expiring July 15, 2025. No finder's fees or commissions were issued for the offering.
Banyan Gold Corp (TSX-V:BYN)(OTCQB:BYAGF) has announced results from its 2024 AurMac Project diamond drill program in Yukon's Tombstone Gold Belt. The 21,000-metre program, comprising 118 drillholes, revealed significant findings at both Airstrip and Powerline Deposits.
Key highlights include:
- Airstrip Deposit: Intersected 15.9m of 9.32 g/t gold, marking the first interval exceeding 100 gram-meters
- Powerline Deposit: Encountered high-grade intervals including 23.1m of 5.68 g/t gold, with a section containing 0.2m of 539.3 g/t gold
- Multiple instances of visible gold observed in both deposits
The program has increased confidence in AurMac's Mineral Resources, currently at 7.0 million ounces (inferred), with potential for both size and grade growth. An updated Mineral Resource estimate is expected in Q2 2025.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) has strengthened its technical team with key appointments to advance its AurMac Project in Yukon Territory. Duncan MacKay, P.Geo., joins as Vice President of Exploration, bringing over 15 years of experience in mining and mineral exploration. Kate Hudek has been appointed as Database/GIS Manager, while Keagan Parry takes on the role of Senior Geologist. Additionally, Frank Wright, P.Eng., with 40+ years of experience in mineral processing, joins as an independent Advisor on Metallurgy.
The company has granted 1,100,000 stock options at an exercise price of $0.25 per share with a vesting period of up to 18 months and a five-year term. Banyan's primary asset, the AurMac Project, has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold as of February 6, 2024. The 173 square kilometer project is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power. The company plans to deliver its maiden Preliminary Economic Assessment in 2025.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced results from sixteen diamond drillholes at its AurMac Project's Airstrip Deposit in Yukon Territory. Notable intersections include 15.9 metres of 9.32 g/t gold, including 3.7 metres of 33.43 g/t gold from hole AX-24-590.
The drilling program revealed several significant gold intersections, including 105.8 metres of 0.60 g/t Au, 43.1 metres of 0.71 g/t Au, and 90.0 metres of 0.44 g/t Au. The Airstrip Deposit is part of the larger AurMac Project, which has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold (effective February 6, 2024).
The company plans to complete a Preliminary Economic Assessment in 2025. The 173 square kilometer AurMac Project is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power supply.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced results from thirteen diamond drillholes at its Powerline Deposit within the AurMac Project, Yukon Territory. Notable findings include intersections of 39.7 metres of 1.92 g/t gold and 40.5 metres of 1.43 g/t gold.
The 2024 drilling program has identified high-grade gold zones both near surface and at depth, confirming mineralization between the Airstrip and Powerline deposits. The company reports that both deposits remain open for expansion in all directions. The AurMac Project currently holds an inferred Mineral Resource Estimate of 7.0 million ounces of gold as of February 6, 2024, contained within the Airstrip and Powerline deposits.
The project, spanning 173 square kilometres, is located 40 km from Mayo, Yukon, with access to main highway infrastructure and power facilities.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced results from nine diamond drillholes at its Airstrip Deposit, part of the AurMac Project in Yukon Territory. Notable drilling highlights include intersections of 46.4 metres of 1.31 g/t Au and 65.5 metres of 0.53 g/t Au from surface.
The Airstrip Deposit is contained within metasedimentary package and is associated with a large intrusion-related gold system typical of the Tombstone Gold Belt. The drilling program represents the first activity at Airstrip since 2021, demonstrating high-grade gold intervals near surface.
The company's AurMac Project currently has an inferred Mineral Resource Estimate of 7.0 million ounces of gold (effective February 6, 2024), hosted within two near-surface deposits: Airstrip and Powerline. The 173 square kilometer project is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced results from 24 diamond drillholes at its Powerline Deposit within the AurMac Property, Yukon Territory. Notable intercepts include 209.0 meters of 0.63 g/t Au and 48.8 meters of 1.45 g/t Au. The drilling program targeted the western portion of the deposit to support a Preliminary Economic Assessment planned for Q4 2025.
The Powerline Deposit is part of the larger AurMac Project, which has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold (effective February 6, 2024). The mineralization is associated with low angle quartz-sulfosalt-arsenopyrite veins within metasedimentary rocks, typical of the Tombstone Gold Belt deposits.
The 173 square kilometer AurMac Project is strategically located 40 km from Mayo, Yukon, with access to main highway and power infrastructure.
Banyan Gold Corp (TSX-V:BYN)(OTCQB:BYAGF) has announced results from 21 diamond drillholes at its Powerline Deposit within the AurMac Project, Yukon Territory. Notable intersections include 32.6 meters of 2.13 g/t gold from 14.0 meters depth and 69.3 meters of 0.35 g/t gold from 13.0 meters.
The drilling program has confirmed areas of consistent higher-grade mineralization within the Powerline Deposit. The gold mineralization is associated with low-angle quartz-sulfosalt-arsenopyrite veins and is interpreted to be part of a large intrusion-related gold system. The company expects a Resource update in Q2 2025.
The AurMac Project currently has an inferred Mineral Resource Estimate of 7.0 million ounces of gold (as of February 6, 2024), contained in two deposits: Airstrip and Powerline. The project spans 173 square kilometers and is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power lines.