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 Corp. (TSXV:BYN)(OTCQB:BYAGF) announced a change in auditors from GEIB & Company to De Visser Gray LLP, effective August 7, 2025. The Former Auditor resigned at the company's request, with no modified opinions or reportable events during their tenure.
The company's primary asset, the AurMac Project in Yukon Territory, has a current Mineral Resource Estimate including an Indicated Mineral Resource of 2.274M ounces of gold (112.5M tonnes at 0.63 g/t) and an Inferred Mineral Resource of 5.453M ounces (280.6M tonnes at 0.60 g/t). The 215.3 sq km project is strategically located 40 km from Mayo, with existing infrastructure including highway access and power.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) has entered into a definitive agreement to accelerate its 100% ownership acquisition of the McQuesten and Aurex properties, which form the core of the AurMac Project in Yukon, Canada. The project currently hosts a significant gold resource of 2.274 million ounces indicated and 5.453 million ounces inferred.
Under the agreement terms, Banyan will pay $2.0M in cash upon closing and an additional $1.6M within 75 days (in cash or shares). The deal includes favorable modifications to the NSR terms, reducing the buydown option from $14.0M to $10.0M. The transaction is expected to close by the end of August 2025, subject to necessary approvals.
The AurMac Project spans 215.3 square kilometres, located 40 km from Mayo, Yukon, with existing infrastructure including highway access, power station, and cell coverage.
Banyan Gold (OTCQB:BYAGF) has announced its first Indicated Mineral Resources at the AurMac Project in Yukon Territory. The updated Mineral Resource Estimate (MRE) includes 2.274 million ounces of gold in Indicated Resources (112.5M tonnes at 0.63 g/t) and 5.453 million ounces in Inferred Resources (280.6M tonnes at 0.60 g/t).
The MRE is contained in two near-surface deposits: Airstrip and Powerline. Notable high-grade zones include 1.42 million ounces of Indicated Resources at 0.95 g/t and 3.13 million ounces of Inferred Resources at 0.98 g/t gold at a 0.55 g/t cut-off. The project benefits from existing infrastructure, including road access and connection to Yukon's power grid.
Banyan Gold (OTCQB:BYAGF) has announced significant gold intersections from its 2025 diamond drill program at the Airstrip Deposit of the AurMac Project in Yukon. Notable results include 3.95 g/t gold over 38.1 metres in hole AX-25-650, with high-grade sections yielding up to 51.2 g/t Au. The drilling program successfully identified visible gold in "skarn" style mineralization, marking the highest gold grades in this deposit to date.
The company has completed 63 drill holes totaling 16,707 metres with three drills on site. The AurMac Project currently has an inferred Mineral Resource Estimate of 7.0 million ounces of gold, with the resource split between the Airstrip (845,000 oz) and Powerline (6,158,000 oz) deposits.
Banyan Gold Corp (TSXV: BYN) (OTCQB: BYAGF) is advancing one of Canada's largest inferred gold resources in the Yukon. The company's strategic advantages include strong infrastructure access and near-surface mineralization. Recent drilling results have revealed higher-grade gold trends, and the company has set key milestones for 2024, including a resource update and Preliminary Economic Assessment (PEA). These developments are aimed at progressing the project toward development readiness.
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.