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) 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.
Banyan Gold Corp (TSXV:BYN)(OTCQB:BYAGF) has announced the grant of 8,000,000 stock options to directors, officers, consultants, advisors, and exploration staff. The options are structured as follows: 5,600,000 options with a ten-year term and 2,400,000 with a five-year term, all at an exercise price of $0.21 per share and an 18-month vesting period.
The company's primary asset, the AurMac Project in Yukon Territory, has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold as of February 6, 2024. The project spans 173 square kilometers, is located 40 km from Mayo, and benefits from existing infrastructure including highway access and power supply.
Banyan Gold Corp. (TSX-V:BYN)(OTCQB:BYAGF) has begun a ZTEM geophysical survey on its AurMac and Nitra Projects in Yukon. The survey covers 234 sq km on AurMac, which hosts 7.0 Moz of gold in Inferred Mineral Resources, and 382 sq km on the prospective Nitra project. The ZTEM survey can identify potential intrusions up to 2 km deep and aid in discovering deep-seated and structurally controlled mineral deposits.
The survey results will be combined with soil geochemical samples to identify drilling targets for 2025 exploration. Banyan's CEO, Tara Christie, stated that this survey will add to the geologic database of the rapidly advancing Gold Camp. The AurMac Project's current inferred Mineral Resource Estimate is 7.0 million ounces of gold, with an effective date of February 6, 2024.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) welcomes the $40 million federal funding announcement for studying the connection of British Columbia and Yukon electrical grids. This initiative, supported by the Critical Minerals Infrastructure Fund, could benefit Banyan's AurMac Project, which is already positioned near an existing powerline.
The company also announced granting 400,000 stock options at $0.22 per share with a five-year term and up to 18-month vesting period to directors, officers, consultants, advisors, and exploration staff.
Banyan's primary asset, the AurMac Project, has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold, effective February 6, 2024. The project, located 40 km from Mayo, Yukon, covers 173 square kilometers and benefits from existing infrastructure.
Banyan Gold Corp. (TSX-V:BYN)(OTCQB:BYAGF) has released an update on its ongoing metallurgical test program for the AurMac Project in Yukon Territory. Key highlights include:
- Gold recovery of 93%, 92%, and 90% from Powerline, Powerline East, and Airstrip deposits respectively, using conventional gravity separation and whole ore leaching (CIL/CIP) at a 75-micron grind size.
- Gravity recoverable gold was 54%, 46%, and 24% from Powerline, Powerline East, and Airstrip bulk samples respectively.
- Low sulphide concentration and excess buffering capacity indicate the deposits are non-acid generating.
The test results demonstrate strong gold recoveries and support the potential for multiple conventional mill processing options. Banyan will continue to optimize these potential mill flow sheets to support future economic studies, including a planned PEA in 2025.