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Banyan Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, CanadaMay 19, 2026 12:17 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 19, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce its new Mineral Resource Estimate ("MRE" or the "Mineral Resource") prepared in accordance with the National Instrument 43-101, Standards for Disclosure for Mineral Projects ("NI-43-101") for the AurMac Project ("AurMac" or the "Project"), Yukon Territory. The updated MRE incorporates an additional 42,000 metres ("m") from 178 diamond drill holes within the Airstrip and Powerline deposits at AurMac (Figure 1). This MRE will support the upcoming Preliminary Economic Assessment ("PEA"; expected second half of 2026) with increases in total indicated and inferred mineral resources from the 2025 MRE.Highlights:2026 AurMac Mineral Resource update:Indicated 3.64 million ("M") ? ounces ("oz") of gold ("Au") (167.3 M tonnes at 0.68 g/t Au);Inferred 4.98 M oz of gold (267.2 M tonnes at 0.58 g/t Au) (see notes; Table 1)A high-grade portion of the deposit at 0.55 g/t Au cut-off with an:Indicated Mineral Resource of 2.45 M oz at 1.00 g/t Au (75.9 M tonnes) andInferred Mineral Resource of 2.72 M oz at 0.96 g/t Au (88.1 M tonnes) (Table 3);Indicated Mineral Resource grows 60% in contained ounces, with an Indicated grade increase of 8%;Airstrip: Indicated Mineral Resource up 38% in contained ounces, Inferred Mineral Resource up 65% in contained ounces with grade up 11% (Table 3);Strong conversion ratio across the deposit, specifically at Powerline where the Indicated Mineral Resource now contains 2.80 M oz at 0.67 g/t Au (129.5 M tonnes), an increase of 68% with a grade increase of 10% (Table 3);District Scale Potential (District defined by having potential for over 10 million ounces), demonstrated at the 0.25 g/t Au cut-off with an:Indicated Mineral Resource of 3.93 Moz at 0.61 g/t Au, (200.0 M tonnes) and;Inferred Mineral Resource of at 5.72 M oz at 0.51 g/t Au (351.3 M tonnes) (Table 3);Growth Potential; the deposits remain open in all directions, particularly at depth; 70,000 m 2026 drill program ongoing with up to six drills, over 21,000 m completed to date.The updated MRE comprises an Indicated Mineral Resource of 3.64 million ?oz of gold (167.3 M tonnes at 0.68 g/t Au) and an Inferred Mineral Resource of 4.98 M oz of Au (267.2 M tonnes at 0.58 g/t Au) (as defined in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The updated MRE is summarized below in Table 1. The AurMac Project pit-constrained MRE is contained in two near/on-surface deposits: The Airstrip and Powerline deposits. This new MRE exceeds the objectives set out for the 2025 diamond drill campaign at Banyan."This is an important achievement for Banyan and our shareholders. More ounces, more indicated ounces, and a higher overall grade, demonstrating consistent performance across all metrics. AurMac is growing in size, confidence, and quality. With the updated Mineral Resource report completed, the focus now shifts to the forthcoming maiden PEA, which will showcase the economic potential of AurMac," stated Tara Christie, President and CEO. "With reference to the grade sensitivity table, with a cut-off of 0.55 g/t Au, contiguous higher-grade cores of the deposit are highlighted by an Indicated Mineral Resource of 2.45 Moz Au at 1.00 g/t Au and Inferred Resource of 2.72 Moz Au at 0.96 g/t Au (Table 3). Indicated ounces increased by 60% over the 2025 MRE with an overall grade increase of 8%, for a total of 3.64 Moz at 0.68 g/t Au. This increase in Indicated Mineral Resource, coupled with improved overall grade, delivers on a mineral resource that is expected to support a strong Preliminary Economic Assessment in the second half of the year. It also highlights the refined geologic and mineralized domain model to support exploration and economic assessment of the AurMac deposit. The Inferred Mineral Resource now stands at 4.98 Moz Au at 0.58 g/t Au, indicating overall growth of approximately 12% in the AurMac Project."Gold sensitivity estimations are compiled in Table 3. The relatively small change in total ounces at higher gold prices ($3400-3600/oz) highlights the potential for additional expansion on the edges of the deposit and below the conceptual pit. The current Mineral Resource is primarily limited by the extent of drilling and the deposit remains open in most directions and at depth.1: Pit-constrained Indicated and Inferred Mineral Resources - AurMac Project Cut-off GradeTonnesGold GradeContained Gold (Au g/t)(M Tonnes)(g/t)(M Oz) Indicated MREAirstrip0.3037.70.690.840Powerline0.30129.50.672.799Combined0.30167.30.683.639 Inferred MREAirstrip0.3015.10.840.405Powerline0.30252.10.574.580Combined0.30267.20.584.985Notes to Table 1:The effective date for the MRE is May 15, 2026The Mineral Resource Estimate was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., who is an independent Qualified Person as defined by NI 43-101.Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.The 2014 CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature ?and there has been insufficient exploration to define these Inferred Mineral Resources as an ?Indicated Mineral Resource. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/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$3,500/ounce, US$2.75/t mining cost, US$11.50/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes.The number of tonnes was rounded to the nearest hundred thousand and ounces rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.Figure 1: Plan Map showing the Mineral Resource Estimate and Drill Collar Locations. Cross and long sections denoted by blue lines Table 2: Highlighted 0.55 g/t Au cut-off Sensitivity of Pit-constrained Indicated and Inferred Mineral Resources - AurMac Project Cut-off GradeTonnesGold GradeContained Gold (Au g/t)(M Tonnes)(g/t)(M Oz) Indicated MREAirstrip0.5517.11.040.572Powerline0.5558.80.991.876Combined0.5575.91.002.449 Inferred MREAirstrip0.557.01.330.300Powerline0.5581.10.9282.418Combined0.5588.10.962.718Notes: Refer to notes in Table 1 and 3, which provides an excerpt from Table 2 to illustrate the sensitivity of the Mineral Resources at a 0.55 g/t cut-off grade.Figure 2: Graphical Representation of Table 3: Sensitivity to Cut-off Grade of Pit Constrained Indicated and Inferred Mineral Resources for AurMac Deposit (Powerline and AirStrip.). A technical report prepared in accordance with NI 43-101 supporting the updated Mineral Resource (the "Technical Report") will be filed on SEDAR at www.sedarplus.ca within 45 ?days of this release.? The pit outlines used to constrain the MRE are shown in Figure 1.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources for AurMac; Grade Sensitivities are presented for Indicated and Inferred Mineral Resources for Airstrip, Powerline, and combined.AIRSTRIPAIRSTRIPINDICATED MRE - $3500 USD PITINFERRED MRE - $3500 USD PITAu CutoffTonnageAu GradeAu ContentAu CutoffTonnageAu GradeAu Contentg/ttonnesg/tOzg/ttonnesg/toz0.05122,691,6850.3041,199,1670.0555,353,7200.319567,7130.1085,062,6540.4061,110,3400.1035,914,8650.452521,9200.1565,579,8050.4901,033,1350.1526,747,5860.565485,8740.2053,927,4950.558967,4650.2021,890,9120.652458,8830.2544,879,0750.626903,2530.2518,107,9500.742431,9810.3037,723,3610.693840,4940.3015,080,8590.836405,3440.3531,798,9480.761778,0160.3512,677,8910.933380,2940.4026,772,6970.834717,8760.4010,940,8141.021359,1420.4522,953,1160.902665,6400.459,441,0091.116338,7460.5019,725,5660.972616,4340.507,967,2301.234316,0920.5517,119,3111.040572,4140.557,030,6531.329300,4080.6014,813,8891.113530,0970.606,264,0451.421286,1800.6512,936,4621.184492,4460.655,732,6151.495275,5400.7011,432,7591.251459,8320.705,082,4641.601261,6110.7510,133,4671.318429,4020.754,652,8991.681251,4680.809,040,4401.384402,2690.804,400,1501.734245,3060.858,080,9801.451376,9840.854,158,6811.786238,7970.907,243,8211.517353,3010.903,867,9241.855230,6820.956,491,2581.586330,9960.953,542,2941.940220,9421.005,869,8971.651311,5791.003,323,0172.004214,102POWERLINEPOWERLINEINDICATED MRE - $3500 USD PITINFERRED MRE - $3500 USD PITAu CutoffTonnageAu GradeAu ContentAu CutoffTonnageAu GradeAu Contentg/ttonnesg/tOzg/ttonnesg/toz0.05478,633,8220.2784,277,9840.051,369,335,5350.2139,377,3570.10336,380,8170.3643,936,6210.10924,753,6490.2808,324,8240.15245,408,7480.4543,582,0930.15638,700,6000.3507,187,1440.20190,291,2770.5353,273,1330.20453,159,1310.4236,162,8570.25155,149,8720.6063,022,8390.25333,211,7810.4945,292,2250.30129,539,5820.6722,798,7410.30252,108,3670.5654,579,5910.35109,617,7830.7352,590,3550.35190,905,6380.6433,946,5780.4092,954,9800.8002,390,8570.40150,528,4100.7153,460,3140.4579,205,1690.8652,202,7270.45120,567,6680.7873,050,6790.5067,942,3790.9302,031,4900.50100,104,4710.8512,738,8860.5558,789,3060.9931,876,8890.5581,059,5130.9282,418,4820.6051,071,3731.0561,733,9330.6068,527,1290.9922,185,5720.6544,502,0771.1201,602,4680.6558,164,3441.0581,978,4880.7038,986,7781.1831,482,8360.7049,743,1841.1231,795,9920.7534,214,6851.2471,371,7340.7543,143,7731.1841,642,3310.8030,051,7091.3121,267,6340.8037,810,2611.2421,509,8100.8526,435,2041.3791,172,0280.8532,768,6611.3061,375,9190.9023,410,0731.4441,086,8280.9028,975,5281.3631,269,7500.9520,760,4181.5101,007,8690.9524,836,7711.4361,146,6761.0018,514,3981.575937,5211.0022,498,4641.4841,073,440AIRSTRIP+POWERLINEAIRSTRIP+POWERLINEINDICATED MRE - $3500 USD PITINFERRED MRE - $3500 USD PITAu CutoffTonnageAu GradeAu ContentAu CutoffTonnageAu GradeAu Contentg/ttonnesg/tOzg/ttonnesg/toz0.05601,325,5070.2835,477,1510.051,424,689,2550.2179,945,0700.10421,443,4710.3725,046,9610.10960,668,5140.2868,846,7440.15310,988,5530.4624,615,2280.15665,448,1860.3597,673,0180.20244,218,7720.5404,240,5980.20475,050,0430.4346,621,7400.25200,028,9470.6103,926,0920.25351,319,7310.5075,724,2050.30167,262,9430.6773,639,2350.30267,189,2260.5804,984,9340.35141,416,7310.7413,368,3710.35203,583,5290.6614,326,8720.40119,727,6770.8083,108,7330.40161,469,2240.7363,819,4560.45102,158,2850.8732,868,3660.45130,008,6770.8113,389,4250.5087,667,9450.9392,647,9240.50108,071,7010.8793,054,9780.5575,908,6171.0042,449,3030.5588,090,1660.9602,718,8910.6065,885,2621.0692,264,0300.6074,791,1741.0282,471,7530.6557,438,5391.1342,094,9130.6563,896,9591.0972,254,0280.7050,419,5371.1981,942,6680.7054,825,6481.1672,057,6030.7544,348,1521.2631,801,1370.7547,796,6721.2321,893,7990.8039,092,1491.3291,669,9030.8042,210,4111.2931,755,1150.8534,516,1841.3961,549,0110.8536,927,3421.3601,614,7150.9030,653,8941.4611,440,1290.9032,843,4521.4211,500,4310.9527,251,6761.5281,338,8650.9528,379,0651.4991,367,6171.0024,384,2951.5931,249,1011.0025,821,4811.5511,287,542Notes to Table 3:The effective date for the MRE is May 15, 2026The Mineral Resource Estimate was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., who is an independent Qualified Person as defined by 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 2014 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. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.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$3,500/ounce, US$2.75/t mining cost, US$11.50/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes.Table 4: Gold price sensitivity estimations at a 0.30 g/t Au cut-off grade for the 2026 MRE at AurMacAIRSTRIP+POWERLINE MRE - 0.3 g/t Au CUT-OFFINDICATED ConstraintTonnageAu GradeAu Content tonnesg/toz2025 MRE$2050 Pit112,517,3430.6292,274,3972026 MRE$3000 Pit165,031,1420.6793,602,1562026 MRE$3200 Pit165,930,6810.6783,616,4382026 MRE$3400 Pit166,983,6200.6773,633,1202026 MRE$3500 Pit167,262,9430.6773,639,2352026 MRE$3600 Pit167,325,4920.6773,640,5942026 MRE$4500 Pit168,245,2620.6753,651,697 INFERRED ConstraintTonnageAu GradeAu Content tonnesg/tOz2025 MRE$2050 Pit280,597,6950.6045,453,4282026 MRE$3000 Pit241,145,7180.5944,602,1032026 MRE$3200 Pit253,840,1570.5874,791,1222026 MRE$3400 Pit261,348,5810.5844,903,4602026 MRE$3500 Pit267,189,2260.5804,984,9342026 MRE$3600 Pit269,420,1900.5795,017,2552026 MRE$4500 Pit279,242,6680.5755,165,589Notes: Refer to notes in Table 1 and 3, which provides an excerpt from Table 2 to illustrate the sensitivity of the Mineral Resources at a 0.55 g/t cut-off grade.Airstrip DepositThe Airstrip deposit is delineated by 243 drillholes, representing an increase of 92 drillholes from the June 28, 2025 MRE. Topographic control was from a detailed LIDAR survey dataset.A total of ten (10) domains were used in the MRE and block model generation for Airstrip. Three (3) discrete mineralized domains (AST_1, CAL_2, and QTZT_Domains) based on lithology, structural controls and other geological features were used as the primary constraint for the MRE (Figure 3). The Airstrip lithological model underpins the mineralized domains and is comprised of seven (7) east-west striking units, with five (5) of the units dipping at 35-40° to the south. Gold mineralization is predominantly hosted in two calcareous metasedimentary packages (CAL1 and CAL2 in Figure 3); the upper unit is roughly 90 m-thick east-west striking and dipping approximately 40° to the south, and a lower unit approximately 10 m thick with the same orientation as the upper unit. A felsic dyke intruded the country rock (approximately 10 m thick with several splays) and strikes approximately 080° and dips 60° to the south. A zone of relatively high-grade gold mineralization is associated with the contact between the calcareous metasediment and the felsic dyke; this zone is near-surface in the north of Airstrip and is open along strike and up-dip, as well as at depth locally.At a 0.30 g/t gold cut-off, the pit-constrained, Indicated Mineral Resources for the Airstrip deposit are 37.7 million tonnes at an average gold grade of 0.69 g/t for a total of 840,000 ounces of gold and Inferred Mineral Resources for the Airstrip deposit are 15.1 million tonnes at an average gold grade of 0.84 g/t for a total of 405,000 ounces of gold. Cut-off grade sensitivities for the Airstrip deposit are presented in Table 3.Figure 3: Cross-section 466750mE across the Airstrip and Powerline deposits at AurMac. Mineralized domains are overlaid on the lithologic model. The MRE block model is constrained by mineralized domains and the lithologic domains. Mineral Resource blocks are 10m x 10m x 5m. only blocks >0.30 g/t au cutoff and within the $3500/oz Au conceptual pit shell are included in the MRE. Powerline DepositThe drill data for the Powerline deposit is comprised of 680 diamond drillholes, representing an increase of 80 holes from the June 28, 2025 MRE.An upgraded geology model was developed at Powerline by the Banyan geology team for this Mineral Resource update. Similar to the Airstrip model, this model update uses detailed lithologic, structural, and other geological controls to define discrete mineralized domains within the broad lithologic units used in the 2025 MRE (Figure 3).Powerline mineralization is predominantly hosted in 1-3 (up to 25) cm-thick quartz veins which cross-cut lithology. Rheologic contrast (silicification/alteration prep) is the main control on vein emplacement. Certain lithologic domains, which are favourable hosts for quartz veining, are interpreted to act as a broad control on mineralization. Veins in Powerline associated with gold mineralization are discordant relative to stratigraphy and main foliation, with an average of 14° toward an azimuth of 338° and are interpreted as younger, cross-cutting features (Figure 4).Figure 4: Long Section for Powerline Deposit, Looking South. Several continuous mineralized zones >1 g/t Au are present near surface in the central and western portions of the Powerline Deposit. Mineral Resource blocks are 10m x 10m x 5m. only blocks >0.30 g/t au cutoff and within the $3500/oz Au conceptual pit shell are included in the MRE. At a 0.30 g/t gold cut-off, the pit-constrained, Indicated Mineral Resources for Powerline are 129.5 million tonnes at an average gold grade of 0.67 g/t for a total of 2.799 M oz of gold and Inferred Mineral Resources for Powerline are 252.1 million tonnes at an average gold grade of 0.57 g/t for a total of 4.580 M oz of gold. Cut-off grade sensitivities for the Powerline deposit are presented in Table 3.Gold Grade Estimation at Airstrip and PowerlineThe most common sampling length of the Powerline deposit is 1.5 m, accounting for approximately 20% of the sample data and is the composite length; over 60% of samples are equal to or below the composite length. Capping of high-grade outliers was carried out for each mineralized zone and ranged from 1.3 g/t gold to 20.0 g/t gold.The estimation of gold grades into a block model was carried out with the Ordinary Kriging ("OK") technique on capped composites with the resultant block model comprised of a parent block size of 10 m (easting) x 10 m (northing) x 5 m (elevation). Density was calculated from a total of 12,563 measurements from the drill core. The median density per lithology type was assigned to the corresponding blocks.Analytical Method and Quality Assurance/Quality Control MeasuresThe reported work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified reference materials, field duplicates and coarse blanks into the sample stream and utilizing certified independent analytical laboratories for all assays. Additionally, historic QA/QC data and methodology on the AurMac Project were reviewed and will be summarized in the Technical Report?. The qualified persons detected no significant QA/QC issues during review of the data.A robust system of standards, core duplicates and coarse blanks, was implemented in all Banyan drilling programs and was monitored as chemical assay data became available. All control samples were within accuracy and precision thresholds required to meet data quality standards. These control samples amounted to approximately 10% of all samples submitted to analytical laboratories.All geological data in the MRE was verified by Ginto Consulting Inc. ("Ginto") as being accurate to the extent possible, and to the extent possible all geological information was reviewed and confirmed. Ginto made site visits to the AurMac Project on September 15th, 2018, November 27th, 2019, August 30th to 31st, 2021, November 5th, 2022, and June 10, 2025, and observed Banyan's drilling and sampling techniques, as well as viewed AurMac drill core. Ginto confirms that the assay sampling and QA/QC sampling of core by Banyan provides adequate and good verification of the data and believes the work to have been done within the guidelines of NI 43-101.All diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Samples returning >200 g/t Ag (MA250 or MA300) were analysed by multi-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 50g sample (FA550). If samples returned > 10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsThe 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, M.Sc., 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 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 EventsCanaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, NV, May 19 - 21The Rule Symposium, Boca Raton, FL, July 6 - 10Invest Yukon Property Tours, July 12 - 15About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of May 15, 2026 and comprises an Indicated Mineral Resource of 3.639 million ?ounces of gold ("Au") (167.3 M tonnes at 0.68 g/t) and an Inferred Mineral Resource of 4.985 Moz of Au (267.2 M tonnes at 0.58 g/t ) (as defined in the 2014 CIM Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. 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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the 2014 CIM Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corp. ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; mineral recoveries and anticipated mining costs; the prospective nature of the Company's properties and the timing and contents of any future PEA. 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, 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 NewswireOriginal: Banyan Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, Canada
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4週前
Banyan Provides Summary of 2025 Diamond Drill Program for the Flagship AurMac Project, Yukon, CanadaMay 14, 2026 9:10 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 14, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to release the final drill results and provide a comprehensive summary of the 2025 AurMac delineation drill program. The 42,000 metres ("m") program included 178 drillholes at the AurMac Project, with the primary goal of the 2025 drill program to maximize economic potential for the upcoming Preliminary Economic Assessment ("PEA"; expected second half of 2026) by targeting high-grade domain and mineralized envelope extensions, and waste block conversion. Drilling took place from March 27, 2026, to November 10, 2026. Drill results throughout AurMac consistently intersected high-grade gold ("Au") mineralization, including well mineralized sheeted quartz vein domains hosting Bismuth-sulphosalts and visible gold throughout the core of the Powerline Deposit ("Powerline"). Very high-grade gold mineralization associated with sulphide replacement and skarn-style mineralization in the Airstrip Deposit ("Airstrip") were intersected in a core high-grade contact zone between calcareous metasedimentary rocks and a felsic aplite dyke. These findings follow up on drilling conducted in 2024 (see news release dated February 19, 2025).Assay highlights from this release:AX-25-692: 9.12 g/t Au over 1.5m within 0.78 g/t Au over 21.6mAND 0.64 g.t Au over 15.6mAX-25-743: 0.90 g/t Au over 13.3m within 0.51 g/t Au over 25.9mAX-25-744: 2.59 g/t Au over 6.1m within 0.74 g/t Au over 26.3mAX-25-760: 1.00 g/t Au over 4.0m AND 0.72 g/t Au over 11.4m all within 0.43 g/t Au over 58.4mAND 6.56 g/t Au over 2.5m within 0.57 g/t Au over 42.3mAX-25-776: 0.82 g.t Au over 6.6m within 0.47 g/t au over 14.2mAX-25-790: 0.78 g/t Au over 16.8m within 0.5 g/t Au over 44.0m, including high grade of 17.34g/t Au over 0.4m"We are looking forward to incorporating the 2025 drill results into our upcoming Mineral Resource Update and PEA, marking our first opportunity to speak about the economics of the AurMac Project," stated Tara Christie, President and Chief Executive Officer. "The PEA will focus on the gold potential, while ongoing drilling of the exciting silver intersections and metallurgical work throughout 2026 will further define the silver economics, potentially contributing to a future economic study.""Banyan was able to take full advantage of an expanded drill program of over 42,000m to follow-up on high-grade zones intersected in 2024, while supporting the upcoming PEA through targeted drilling to convert in-pit waste blocks and expand high-grade domains identified with the new 3D model," stated Duncan Mackay, Vice President, Exploration. "Drilling through 2025 further expanded the AurMac deposits, showcasing the potential to connect the Airstrip and Powerline pits. We have identified areas where the conceptual pit may be flattened and extended at depth, demonstrating the open nature of mineralization, with 200-300m step outs hitting promising mineralization and visible gold in several directions. In an exciting new dimension, we have successfully followed up on bonanza-grade silver intersections in the core of Powerline and have identified at least eight discrete Keno-style silver veins across the deposits."Figure 1: Plan map of the AurMac deposit including Airstrip and Powerline with drilling from 2025 (blue dots). Targets zones for 2025 drilling are denoted by coloured ellipses. Figure 2: Grade x thickness heat map of the AurMac deposit with all diamond drilling to date. Sections with highlighted intervals are noted on the map. Airstrip Deposit:Consistent high-grade drill intersections through 2025 reinforce the continuity of gold mineralization associated with skarn-style sulphide replacement mineralization in Airstrip and the potential of this near-surface deposit. The first visible gold intersected in Airstrip is associated with skarn mineralization and is coincident with the highest-grade samples we have seen at this deposit (13.4 g/t Au over 5.94m, including 41.1 g/t Au over 0.97m). The potential of the high-grade contact zone in Airstrip is highlighted by samples in AX-25-650 returning results such as 51.2 g/t Au over 0.63m, 32.7 g/t Au over 0.55m and 41.1 g/t Au over 0.97m (see news release dated June 25, 2025). High-grade mineralization was also intersected in approximately 200m down-dip step-outs in Cal 1 and Cal 2 on the southern edge of Airstrip (Figure 3; AX-25-799 - 7.04 g/t Au over 6.0m within 0.68 g/t Au over 125.5m; see Banyan Gold News release dated February 8, 2026).Figure 3: Cross-section 467000E of the Airstrip and Powerline deposits at AurMac. High-grade mineralization intersected in AX-25-799 and AX-25-807 in Airstrip represent large step-outs and down-dip extensions of the Cal 1 and Cal 2 zones (see news released dated February 8, 2026). Drilling in Central Powerline successfully extended high-grade mineralized domains at depth and supported continuity of domains and high-grade zones in the core of the deposit. Figure 4: Calc-silicate alteration proximal to calcareous-metasedimentary rock and felsic dyke contact. See news releases dated April 30, 2025 and June 25, 2025. Powerline Deposit:Drilling in 2025 successfully intersected high-grade intervals associated with mineralized domains and sheeted-vein systems typical of Reduced Intrusion Related Gold deposits ("RIRGs") throughout the core of Powerline. With the improved 3D model for Powerline, mineralized domains can be more effectively targeted with opportunities to convert waste blocks; extend domains and flatten or deepen the conceptual pit floor; potentially extend high-grade portions of the main deposit at AurMac ; and support the upcoming PEA in the second half of 2026.In Powerline, sheeted quartz-veins with visible gold, bismuth sulphosalts, and arsenopyrite are localized in higher concentrations in zones of more competent, brittle rocks. Veins are centimetre to decimetre in scale, generally with trace to 2% accessory minerals (bismuth sulphosalts and arsenopyrite). As rheology of the stratigraphy controls vein emplacement, detailed modelling is being carried out to refine the litho-structural model of the deposit and help define more refined mineralized domains. Many mineralized domains are open down-dip, with potential for more domains to be identified outside of the current mineralised envelope.Continued drilling at Powerline has successfully confirmed mineralized domains in the core of Powerline (Figure 5), refined and extended mineralization between the Powerline and Airstrip main pits (Figure 3) and extended mineralization with potential to convert waste blocks in the southwest of Powerline.Figure 5: Cross-section 466700. Drillholes AX-25-743, -692 and -790 extend and confirm continuity of high-grade domains in the core and northern portions of Powerline. Gold mineralization in southwest Powerline is consistent with mineralization seen in the core of Powerline; gold mineralization is associated with discordant sheeted quartz veins hosting sulphosalts and sulphides (predominantly sphalerite, arsenopyrite), and is preferentially hosted in silicified/altered host rocks. Additional step-out drilling has intersected high-grade mineralization with potential to extend mineralized domains outside the conceptual pit boundary (Figure 6).Figure 6: Cross-section 466100E in southwest Powerline. Drillholes AX-25-760 and -776 indicated potential for new mineralized domains intersected in step-out drilling. Coarse bismuth sulphosalts and visible gold have been intersected in the area which warrants further expansion/exploration drilling. Silver Mineralization:The identification of high-grade silver potential along extended strike lengths in central Powerline added a new dimension to the mineralization and metallogenic story for AurMac.Highlights from 2025 (see news release dated January 22, 2026) confirming the very high-grade Keno-style silver mineralization in Powerline:AX-25-803 - 5,625 g/t Ag over 3.4m within 1,841 g/t Ag over 10.4m, with very high-grade interval of 10,734 g/t Ag over 1.7mAX-25-790 - 110.7 g/t Ag over 0.8m within 22.06 g/t Ag over 5.7mAX-25-715 - 132 g/t Ag over 0.5m within 7.25 g/t Ag over 13.7mDrillhole AX-25-803 was collared 90m away from 2021 Hole 142 and successfully intersected the vein pierce point 20m from Hole 142 at depth. Being able to successfully target this specific narrow, high-grade vein structure at depth is a technical success on top of the prospectivity for additional sub-parallel veins of silver mineralization which we are finding in the Ag-1 vein zone. Parallel veins intersected in both current and historic drilling further reinforce the scale and exploration potential of the targeted zone.The high-grade Keno-style veins take advantage of steeply dipping, late brittle structures that strike northeast-southwest, cross-cutting the sheeted quartz veins that host gold mineralization (See Figure 7).Figure 7: Plan map of new silver intersections in relation to high-grade silver zone in central Powerline (AX-21-142; see news release dated October 29, 2025). Figure 8: Cross-section A-B in Powerline. Silver intersections within drillholes AX-25-803 are consistent with late brittle feature for the Ag-1 vein intersected in drillhole AX-21-142 (see news release dated October 29, 2025). Two sub-parallel veins have been identified (Ag-2 and Ag-3) north and south of the main Ag-1 vein. Figure 9: High-grade Keno-style mineralization in drillhole AX-25-803 in Ag-1 Vein in Powerline. Silver mineralization is associated with semi-massive galena and sphalerite mineralization hosted within discrete Fe-carbonate ± quartz veins. Table 1: Drill intervals for 2025 from AurMacHOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t) HOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-63813.714.91.20.40 AX-25-74619.821.01.20.54and43.448.65.20.39 and44.245.71.50.34AX-25-64018.627.18.50.31 and116.8126.59.70.30and46.059.013.00.72 and145.6202.056.40.38including53.659.05.41.25 including164.6178.213.60.66and92.5104.712.20.29 and including188.5200.812.30.52AX-25-64191.092.31.30.30 including200.2200.80.63.94and204.9206.01.11.35 and220.0259.539.50.56and219.5221.01.50.57 including224.5243.318.80.92and248.0256.58.50.18 including229.0234.75.71.70AX-25-6426.17.61.50.88 and302.0310.28.20.34and30.531.91.40.60 including303.3303.80.51.67and54.360.25.91.11 AX-25-74756.863.46.60.57and88.089.61.60.52 including61.963.41.51.70and111.9113.21.30.34 and86.0101.415.40.61AX-25-6437.726.819.10.99 including92.994.21.34.66including23.026.83.84.34 and112.5114.21.70.89including25.026.81.88.24 and142.3213.671.30.50and56.457.61.20.34 including142.3143.20.93.38and58.960.11.20.30 and including161.5162.61.11.54and64.064.30.30.42 and including189.0212.223.20.83and65.568.22.70.38 including191.2194.63.43.25and93.595.01.50.40 and including211.2212.21.04.75and99.5100.91.40.45 and234.7236.72.00.30AX-25-6448.859.050.20.36 AX-25-74814.442.027.60.35including20.729.38.60.37 including30.331.71.42.42and including42.449.77.30.91 and55.356.81.50.35and75.577.01.50.51 and58.359.61.30.30and142.9143.80.90.34 and72.874.31.50.35AX-25-6465.67.01.40.40 and91.493.82.42.07and18.820.31.50.40 including91.491.90.55.84and26.728.31.60.38 and including92.593.81.31.31and33.034.61.60.53 and128.0172.044.00.43and238.2239.31.10.85 including129.5130.40.91.92AX-25-64739.240.71.50.53 and including144.0147.13.11.26and112.0114.02.01.14 and188.4277.589.10.30and140.0141.51.50.90 including188.4188.90.53.41and190.5196.45.90.12 and including227.6228.71.12.06AX-25-64898.5100.62.10.62 and including247.8260.012.20.65and130.0131.21.20.34 and307.0309.02.00.38and163.3170.87.50.53 and331.0339.08.00.34including170.0170.80.81.60 and363.0365.02.00.80and186.0192.96.90.72 AX-25-74981.582.00.50.32including192.3192.90.63.31 and100.5102.52.00.83AX-25-6496.56.90.40.41 and119.0132.613.60.28AX-25-65079.0117.138.13.95 and149.1167.318.20.56including80.084.34.312.06 including149.1151.01.92.86and including87.693.66.00.77 and including163.0164.61.61.02and including94.6117.122.54.14 and211.4218.57.10.43including94.699.04.417.20 and227.3233.36.00.31and129.1145.816.70.57 AX-25-75054.956.71.80.36and162.3166.84.50.52 and65.666.40.80.37and196.8198.41.60.56 and100.9107.26.30.31and214.0215.41.42.64 and137.1137.70.60.39AX-25-65227.028.41.40.39 AX-25-75145.547.01.50.55and50.074.224.21.19 and112.3113.91.60.38including60.562.21.714.09 and120.1121.41.30.62and including67.267.50.34.12 and127.3129.01.70.35and127.2127.90.70.78 and143.6157.213.60.33and133.9135.41.50.64 and167.3178.010.70.34and247.2249.52.31.55 and194.5256.862.30.30and261.0299.038.00.43 including220.1234.314.20.59AX-25-65334.036.02.00.54 and273.3274.81.50.64and49.063.014.00.32 and342.2342.60.40.82and85.891.86.00.36 AX-25-752B33.636.63.00.58and104.3135.531.20.65 and59.462.53.10.38including104.3104.90.616.70 and112.6119.87.20.43and147.5152.55.00.31 including118.8119.81.01.37and164.5168.64.10.40 AX-25-75331.533.11.60.56and192.6237.544.90.37 and90.9118.928.00.36AX-25-65415.518.53.00.64 including90.992.41.51.08and50.872.021.21.38 and including112.1116.64.50.54including52.354.21.911.10 and142.9167.925.00.62and100.6102.21.61.23 including146.0167.921.90.66and212.2213.81.60.42 and183.1184.41.30.61and220.9222.41.50.40 and198.6201.73.10.77AX-25-65644.362.017.70.43 including199.6200.20.62.14and107.0121.314.30.30 and222.5224.01.50.30and141.3149.48.10.21 AX-25-754*EOH pending'10.815.04.20.39and178.6195.416.80.35 and113.5118.04.50.39and210.7212.72.00.30 and170.3192.021.70.32and236.7253.817.10.24 including190.5192.01.51.71and269.8282.813.00.26 and204.2205.71.50.86AX-25-65721.124.13.02.22 and230.8231.60.80.57including22.624.11.54.08 and234.2235.71.50.34and70.171.61.50.46 and264.2265.00.80.44and111.0113.42.44.90 and302.0304.02.00.37including111.8113.41.67.50 and402.0402.30.32.39AX-25-65810.138.428.31.31 AX-25-75526.489.062.60.29including15.420.04.64.06 including26.439.012.60.32and including16.217.00.818.50 including26.427.41.02.27and including28.538.49.91.61 and including38.439.00.62.47including34.034.50.520.50 and including70.771.60.97.52and53.355.01.70.57 and113.4114.41.00.38and74.374.90.62.52 AX-25-75664.1131.667.50.35and100.7102.31.611.77 including66.670.23.60.90including101.6102.30.723.30 and including87.290.23.01.00and123.2126.23.00.58 and including110.3126.015.70.55and153.5155.01.50.40 including125.0126.01.03.81AX-25-65910.522.011.51.53 and149.9171.922.00.34including10.513.22.74.07 including164.7167.42.71.24and32.533.71.20.77 and189.7191.21.50.49and49.455.56.10.23 AX-25-75729.030.51.50.36and74.077.43.40.72 and40.341.20.90.42and86.897.811.00.23 and76.992.315.40.36and117.2126.59.30.30 including89.089.90.91.18and141.5143.01.50.53 and101.0102.51.50.48and165.5167.01.50.34 and108.5110.01.50.49AX-25-66029.037.08.00.32 and125.7133.27.50.43and54.557.53.00.62 including131.7133.21.51.44and75.5110.034.50.29 AX-25-75853.061.08.00.45and157.0219.062.00.93 including59.461.01.61.89including163.6167.13.55.91 and81.782.81.11.35including163.6164.20.615.40 and91.292.41.20.46including166.6167.10.521.50 and95.295.80.60.56and including182.6184.11.59.00 and135.2179.043.80.51and244.5272.628.10.32 including160.1179.018.90.90including272.3272.60.34.36 including160.1160.40.317.14AX-25-66178.379.91.60.61 and including174.4175.30.94.64and102.5107.65.11.07 and200.7203.02.30.51and147.8150.22.41.23 AX-25-75926.274.047.80.66and162.2163.61.40.36 including29.231.22.06.85and180.5182.01.52.03 including30.231.21.09.72and254.7256.21.50.33 and including51.452.71.37.55and269.7351.982.20.22 and93.594.51.00.57and394.8400.35.50.78 and108.0109.51.50.69AX-25-66265.069.04.01.25 AX-25-76036.438.11.70.50including66.367.41.12.82 and52.553.61.10.69and134.1135.51.42.71 and63.065.62.60.49and172.0173.51.50.30 and72.180.48.30.30AX-25-66377.588.010.50.31 and87.889.21.40.48and98.5100.01.50.43 and93.894.50.70.34and177.5198.220.70.34 and148.6149.50.90.59including193.1194.61.52.60 and154.2155.81.60.32and242.5243.20.70.33 and192.0193.61.60.53AX-25-66419.539.019.51.12 and201.9204.82.90.48including31.436.45.03.36 and221.7223.21.50.61including31.431.90.56.30 and227.2227.60.40.30including34.936.41.58.53 and245.1303.558.40.43and49.559.810.30.76 including245.1248.53.41.50including51.052.01.06.04 including272.6276.64.01.00and70.0108.238.20.28 and including288.4299.811.40.71and138.5158.520.00.32 including293.2294.10.94.10and170.5181.010.50.60 AX-25-76129.934.54.60.68and205.0232.027.01.35 including33.034.51.51.30including217.0219.02.06.00 and65.867.92.11.64and including230.2232.01.810.40 including67.167.90.83.70and267.0268.21.21.34 and100.5102.01.50.35and293.0295.02.00.35 and111.0120.09.00.33AX-25-66540.670.129.50.41 and146.5149.53.00.40and166.2177.811.60.27 and152.6154.21.60.32and272.8274.21.40.58 and162.7163.60.90.35AX-25-666102.9103.80.90.58 AX-25-76229.033.54.50.36and112.4113.51.10.51 and62.477.214.80.49and159.0159.90.91.76 including62.475.513.10.49and209.0210.31.30.59 and91.794.83.10.37and237.4238.00.60.40 and103.5105.01.50.46and330.3334.44.10.34 and115.4132.517.10.36and345.1345.50.40.36 including126.5132.56.00.55and379.7381.92.20.67 and171.6173.11.51.60and403.3405.01.70.33 AX-25-762B7.59.01.50.76and410.0410.80.80.31 and65.376.210.91.13and417.2418.81.60.88 including66.673.26.61.41and428.4430.01.60.44 including68.169.31.24.64AX-25-66718.025.57.50.57 and93.8139.145.30.29and64.582.417.91.34 including107.3108.41.11.68including64.566.01.56.03 and including121.9135.513.60.39including81.082.41.45.22 and174.0178.54.52.03and97.098.51.50.32 including175.9178.52.63.14and105.4105.80.41.15 including175.9176.20.319.60and123.0128.85.80.36 and205.6206.00.40.88and178.7179.81.10.44 and212.2213.31.10.32and308.3322.013.70.43 and215.8217.82.00.57and360.8366.15.30.73 and233.5235.01.50.36AX-25-66829.230.51.30.31 and246.0247.51.50.33and55.656.50.94.03 and250.5252.01.50.38AX-25-66945.446.81.40.41 and255.0256.51.50.33AX-25-67021.222.51.33.25 and258.0259.51.50.33and36.055.919.91.01 and275.9277.51.60.32including41.944.02.15.91 and285.6291.55.90.82and including55.555.90.48.80 including285.6287.01.42.48and81.4110.529.11.04 AX-25-7638.09.11.10.90including82.788.15.44.60 and15.517.01.50.30including84.084.90.920.70 and19.220.51.30.35AX-25-67126.539.312.80.62 and66.066.70.70.42and61.664.02.41.48 and141.8142.30.52.42and78.179.71.60.61 and147.5149.11.60.36and126.0132.56.50.45 and152.0153.51.50.37AX-25-67241.454.312.90.27 and220.0223.43.40.41and98.2116.318.11.11 and239.5243.13.60.36including103.6105.82.26.51 and248.3282.033.70.31including104.6104.90.321.30 including276.6277.20.65.47and134.4135.61.20.33 and302.0314.912.90.58AX-25-67316.918.21.30.34 including302.0304.02.01.99and57.861.53.70.31 including313.5314.91.41.98and132.4135.32.92.47 AX-25-76429.070.241.20.28AX-25-67456.260.74.50.35 including60.261.10.91.50and80.481.91.513.90 and93.696.32.70.67and119.0123.94.90.99 and119.4120.00.60.36and137.2153.216.01.15 and124.1125.11.00.72including141.2146.04.83.43 and153.0157.04.00.52and296.2315.219.00.23 and164.5165.91.40.76and346.3378.532.20.49 and188.0197.59.50.33and400.0401.31.33.98 including196.5197.51.01.48and428.7430.51.84.23 and214.5269.855.30.87AX-25-67519.553.734.20.34 including220.4221.10.73.43including26.445.719.30.40 and including239.0269.830.81.37and96.5102.66.10.47 including239.0239.70.721.00and128.8130.82.01.67 and including252.6258.66.02.70AX-25-67615.617.51.90.37 including257.2258.61.46.38and37.550.012.50.26 and290.8300.810.00.34and67.869.31.50.38 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including196.7197.81.13.59and64.566.01.50.37 AX-25-79314.515.81.30.50and71.072.01.00.31 and20.522.01.50.35and104.7209.1104.40.48 and62.099.537.50.30and104.7105.20.57.98 including96.598.01.51.22including124.6143.218.60.67 AX-25-793B28.129.51.40.31and including156.7158.21.51.41 and58.0101.043.00.37and including187.3196.89.50.86 including86.087.51.52.05and including208.0209.11.12.06 and including98.099.51.52.24and225.0226.51.50.50 and118.0153.035.00.53and232.3232.80.50.37 including119.5127.07.51.44AX-25-70551.678.226.60.30 and179.5202.523.00.34including53.854.70.91.54 and227.0228.51.51.06and105.9112.06.10.47 AX-25-79420.556.536.00.27including110.9112.01.11.83 including20.522.01.51.03and122.0130.88.80.34 and including43.056.513.50.44and163.9167.63.70.95 and73.582.08.50.86including165.4167.62.21.30 including81.082.01.04.34AX-25-7067.715.88.12.40 and93.0115.022.00.46including7.79.21.51.02 including108.3109.51.27.01and including14.715.81.116.74 AX-25-79583.490.97.50.29including14.715.20.59.13 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and including92.6104.011.41.91and84.4134.550.10.59 including93.594.71.214.83including91.191.40.320.30 including93.594.10.626.61and including104.9133.528.60.62 and including114.5139.525.02.00including132.2132.60.412.10 including114.5121.06.52.54and163.9181.517.63.66 and including128.5130.01.518.10including164.8174.19.36.80 and including177.0178.51.52.89including171.9173.51.635.98 and including198.5203.55.04.59AX-25-70933.034.41.40.52 including202.0203.51.514.00and58.663.04.40.65 and including214.0219.05.01.44including61.563.01.51.15 and including234.5242.07.51.12and80.588.07.50.30 including240.5242.01.54.06and108.2171.963.70.39 and including253.5254.20.72.77including130.0149.119.10.84 AX-25-79979.080.51.50.30and including130.0137.57.50.71 and99.0110.911.90.62including137.2137.50.38.98 including108.7109.60.95.98AX-25-709B25.033.58.50.46 and133.5259.0125.50.68including32.033.51.51.30 including133.5139.56.07.04and61.261.60.41.98 including133.5134.91.429.30and86.0157.071.00.32 and including150.9159.08.10.82including86.093.57.50.75 and including174.4175.81.41.40and126.8127.81.01.03 and including209.5228.519.00.58and including143.8149.55.71.03 and including242.0243.01.05.27and174.6197.522.90.84 AX-25-8007.619.812.20.50including174.6181.06.42.55 AX-25-800B9.156.046.90.41including180.7181.00.314.00 including19.630.510.90.70and196.0197.51.51.20 and including52.352.60.310.28and222.0223.11.11.96 and94.596.01.55.58and242.8244.01.20.61 and134.7142.88.10.33AX-25-71021.061.240.20.51 including139.7141.01.31.07including21.036.215.20.41 and165.2166.61.40.32and including57.059.02.04.52 and182.5190.27.70.35including57.057.60.611.60 AX-25-8018.012.54.50.77and89.6107.918.30.51 including8.09.51.51.89including89.692.12.52.57 and34.536.01.50.31including91.292.10.93.85 and44.346.01.70.67AX-25-71127.034.57.50.58 and58.096.138.10.30including31.533.01.51.50 including75.085.810.80.57and50.057.07.01.25 and119.4154.034.60.60including54.057.03.02.39 including119.4120.00.64.16AX-25-71215.330.615.31.36 including132.6153.020.40.79including15.324.49.11.87 including147.2153.05.81.70including16.822.86.02.18 including147.2147.60.414.10and47.653.45.80.55 and181.7184.22.50.76including52.053.41.41.26 including181.7182.20.52.38and65.567.01.50.42 and213.5222.59.00.35AX-25-7138.056.648.60.70 and237.8238.60.80.33including9.211.32.18.81 AX-25-80211.518.87.30.29and including24.927.32.41.62 and23.527.64.10.27and including55.356.61.32.71 and36.438.01.60.45AX-25-71414.232.618.41.12 and51.852.70.90.88including25.932.66.72.12 and85.688.22.60.44including28.632.64.02.78 and107.0108.51.50.42including32.232.60.46.18 and131.4182.551.10.78and51.656.24.61.49 including154.2166.011.82.82including54.256.22.02.78 including161.7166.04.37.26including54.255.00.84.54 including164.5166.01.512.60AX-25-71513.023.010.00.29 AX-25-80378.4139.661.20.92including21.923.01.11.38 including101.0139.638.61.38and89.899.09.20.83 including101.0101.40.414.77including94.699.04.41.19 including112.9117.34.45.60including94.695.00.45.02 including115.6116.30.713.20and110.4111.00.60.44 including132.7133.20.53.33and113.4114.51.10.43 and165.6217.551.90.40and119.0125.06.00.30 including172.6184.011.41.06and134.0140.36.30.31 including212.9214.41.51.03including140.0140.30.31.05 AX-25-80417.019.32.30.37and157.0177.820.80.39 and25.326.81.50.30including170.0173.93.91.49 and48.349.81.50.40including172.9173.91.03.86 and83.8186.5102.70.50and189.9191.01.10.54 including85.389.03.71.42and213.5215.01.51.07 and including101.6103.01.41.79AX-25-7163.226.823.60.48 and including114.7123.68.91.94including13.026.813.80.73 including117.4119.21.86.65including18.719.00.317.10 and including153.5154.51.05.04and51.868.817.00.39 and including179.7180.40.78.77including52.854.21.41.63 and204.5237.933.40.28AX-25-71717.726.18.40.41 including215.0220.45.40.92including25.026.11.11.39 including220.0220.40.45.22and67.068.61.60.35 AX-25-8055.7109.4103.70.39AX-25-7188.126.218.10.41 including5.714.48.71.32including21.823.21.42.93 including12.414.42.03.78and66.067.11.10.31 and including50.051.41.41.30AX-25-71946.8126.579.70.37 and including70.975.14.22.56including56.8108.051.20.45 including70.972.01.14.92including56.857.30.510.96 and including88.588.90.41.02and including90.290.80.66.85 and126.6127.20.61.47and144.5152.07.50.58 and146.0154.68.60.44and171.0172.81.80.47 including146.0153.07.00.47and192.2192.50.31.86 and187.6193.55.90.61AX-25-72012.951.838.90.30 and209.5211.01.51.14including45.351.86.51.10 and252.4253.81.41.47including45.345.60.314.40 and272.6274.01.43.70and82.484.92.59.81 AX-25-80610.044.034.00.37including82.482.80.416.70 including15.016.01.05.29and including83.984.91.013.80 and including30.532.01.51.74AX-25-72116.918.31.40.34 and86.5118.532.00.42and37.538.20.70.50 including88.599.511.00.98and47.253.05.80.34 including98.599.51.04.51and70.271.21.00.31 and136.0142.06.00.37AX-25-72216.117.21.11.07 and156.5158.01.50.76and29.231.82.60.39 and168.5170.01.50.59and59.561.01.50.38 and180.2181.51.30.99AX-25-72352.853.20.40.76 and193.0194.01.00.32and55.355.80.50.49 AX-25-80778.278.70.51.76AX-25-72424.635.010.40.36 and115.0260.5145.50.64and59.065.06.00.36 including115.0118.83.84.63including59.060.41.41.22 including115.0115.70.79.77and81.688.56.90.46 and including117.6118.81.27.39including83.784.10.45.74 and including132.0133.51.51.43and111.6167.055.40.64 and including148.1158.510.41.93including126.4132.35.94.60 including148.1149.51.49.28including126.4127.91.514.90 and including157.0158.51.52.61and including155.6156.00.45.89 and including198.5234.636.11.00and185.3185.60.31.96 including213.0214.31.37.79and203.0203.70.71.40 and including232.0233.51.53.30and248.0249.51.50.41 AX-25-80913.613.90.30.59and270.5274.33.80.37 and33.082.849.80.42AX-25-72586.687.00.40.33 including33.052.719.70.39AX-25-72657.958.91.01.96 and including67.870.93.11.92AX-25-72722.423.20.80.50 and143.5158.114.60.64and49.753.03.32.17 including147.5156.59.00.81including49.751.01.34.90 and179.0180.01.00.61AX-25-72812.513.20.71.30 and208.7209.81.10.75and39.340.81.52.56 and216.4220.03.60.46and64.380.816.50.86 and250.5258.07.50.49including64.365.10.84.52 including250.5252.01.51.45including71.172.21.13.16 and283.4285.01.62.31including79.279.50.33.77 AX-25-81061.762.71.00.38and99.0100.21.21.51 and87.390.33.01.38and135.8158.022.20.47 including87.388.31.02.76and150.0156.86.81.03 and112.6114.01.40.31and191.0194.03.00.84 and143.3183.440.10.68and225.0225.80.80.91 including143.3159.215.90.92and238.8239.40.60.38 including151.2151.60.44.51and254.7256.01.30.37 and including158.6159.20.616.58AX-25-73136.247.211.01.24 and including182.7183.40.712.04including37.742.75.02.27 and201.7233.531.80.39including38.639.10.514.10 including201.7210.58.80.80and73.874.40.60.91 including209.7210.50.85.03and79.080.51.50.40 and including232.0233.51.51.86AX-25-73221.822.40.62.57 and260.0261.51.50.64and55.356.61.30.35 and276.5286.29.70.33and76.578.21.70.55 AX-25-81129.544.715.20.40and85.185.80.70.44 including29.531.41.91.87and99.8124.224.40.34 and82.3117.635.30.37including113.0114.51.51.40 including82.384.01.72.65and156.0159.03.00.86 and including107.2116.59.30.55including156.0157.51.51.34 including116.0116.50.56.55and193.5207.313.80.55 and147.8149.41.60.72including193.5204.611.10.63 and173.1174.61.50.28AX-25-7334.313.49.10.42 and193.7195.01.31.21including10.712.01.31.12 and214.7217.83.10.70and106.7108.21.50.31 AX-25-81586.597.010.50.57and122.0123.01.00.88 including90.092.02.01.75AX-25-73432.633.71.10.49 AX-25-81431.932.60.71.94and42.443.91.50.53 and44.4143.098.60.39and127.1128.31.20.30 including44.444.70.317.11AX-25-7356.07.01.00.44 and including56.357.81.51.56and18.020.02.00.34 and including71.882.010.21.37and24.140.015.90.33 including75.476.10.77.06including35.336.00.71.03 and including95.8112.817.00.38and55.761.65.90.30 and185.6201.015.40.67including60.761.60.91.14 including195.9197.41.54.92and92.593.51.00.49 and239.5241.21.70.46AX-25-73619.540.020.50.36 and247.1248.00.90.31including19.521.01.52.04 and268.1268.70.60.52and27.540.012.50.31 AX-25-81648.449.51.10.54and54.355.71.40.48 and79.580.00.50.87and60.861.50.70.48 and99.2138.038.80.60and117.3117.90.60.62 including105.1138.032.90.67and129.1129.70.60.36 including125.3125.80.522.11and152.5154.01.50.54 and including137.5138.00.54.66and173.2183.09.80.29 and154.0155.01.00.64including173.2174.00.81.19 AX-25-81731.133.01.90.68and190.5192.01.50.32 including31.132.00.91.05and196.5198.01.50.50 and56.057.11.10.63and202.5204.01.50.33 and67.368.71.40.45and205.0206.51.50.31 and71.776.14.40.33and217.0218.31.30.52 and102.8104.21.40.42and225.5227.01.50.34 and115.8116.60.80.41and233.0234.51.50.46 and177.2178.81.60.83and258.9260.01.10.33 and204.2205.61.40.53and269.0274.55.50.35 and213.2223.510.30.28AX-25-7373.05.02.00.37 and248.0249.01.00.46and11.020.59.50.30 and253.4254.71.30.56and38.540.01.50.38 and280.2342.061.80.50and49.267.017.80.32 including292.2292.90.76.61and111.0112.51.51.50 and including307.5310.02.56.29AX-25-738106.4107.10.70.34 and including335.9336.91.02.75and121.2124.02.80.46 and365.0403.038.01.37and164.5188.524.00.28 including365.0394.329.31.70including174.8175.81.01.06 including365.0365.40.43.61and188.0188.50.50.94 and including392.1394.32.215.87AX-25-73915.022.57.50.31 and426.4429.12.72.19and47.451.64.20.28 and473.7475.72.00.62and68.769.71.00.48 and485.7489.74.00.42and82.6104.822.20.30 and516.0534.818.80.30including99.8104.85.00.50 including533.2534.81.61.48including99.8100.00.25.25 and585.0589.04.00.45and123.4133.39.91.15 and668.2670.11.90.31including123.4124.61.22.79 AX-25-8187.59.11.60.71and including133.0133.30.316.10 and22.982.059.10.27and150.9169.618.70.84 including37.438.71.31.16including164.6166.11.58.76 including52.754.21.52.95and189.0204.015.00.37 including67.768.50.81.12including203.2203.40.22.62 and102.0118.516.50.74and219.6221.11.50.39 including102.0108.66.61.57AX-25-74025.026.51.50.30 including108.2108.60.49.29and86.187.21.11.37 and138.2140.92.70.63and98.1100.01.90.72 and153.5154.51.00.40AX-25-74125.933.37.40.38 and158.4160.01.60.34and52.152.80.70.31 and202.8204.01.20.40and76.377.51.20.36 and235.0236.01.01.43and141.2142.61.40.48 including235.4236.00.62.12and166.5167.51.00.48 AX-25-81966.680.313.70.35and173.3174.31.00.45 including66.668.11.51.64and178.7179.91.20.50 and including79.980.30.42.93and190.9193.42.50.81 and99.9149.549.61.06including192.9193.40.52.45 including104.4130.626.21.82and209.8288.078.20.29 including106.8107.20.44.24including277.5280.83.31.97 and including115.2122.97.74.64AX-25-742124.4126.01.60.36 including117.9122.95.06.58and143.5150.06.50.73 including121.4122.91.519.90including149.0150.01.03.12 AX-25-8209.010.51.50.40and176.0180.54.50.65 and14.315.00.70.35and201.6202.50.90.53 and22.524.01.50.68and208.0210.72.70.39 and47.5107.560.00.48and218.6220.21.60.39 including47.547.90.44.83and235.2237.01.88.27 and including58.659.20.61.10including235.2235.80.625.40 and including71.071.90.910.90AX-25-74320.637.516.90.37 and including82.482.80.41.52including28.537.59.00.53 and including94.4104.510.10.86and51.052.01.00.68 including102.0103.11.13.32and63.064.01.00.83 and125.0126.11.10.52and67.168.21.10.34 and141.2142.61.40.31and90.096.06.00.91 and161.0162.51.50.38including90.091.41.43.12 and169.0170.21.20.76and154.4154.90.50.48 and174.4175.91.50.30and174.2175.71.50.39 and220.0221.01.01.52and208.6209.00.40.89 and233.0233.50.51.23and230.3256.225.90.51 and274.6275.81.20.31including230.3243.613.30.90 AX-25-82143.057.014.02.10including230.3231.71.44.19 including52.057.05.05.08AX-25-74412.026.914.90.40 including55.557.01.514.90including17.018.11.11.48 AX-25-82225.428.63.22.27and48.049.51.51.68 including27.028.61.64.24including49.049.50.54.02 and43.544.00.50.68and68.680.311.70.41 and59.9126.566.60.49including70.071.61.61.35 including92.094.32.33.56and93.795.21.50.35 including92.092.40.411.65and100.0100.40.40.91 and including106.0106.40.44.21and109.5156.346.80.28 and including110.9111.40.52.54including114.9121.36.40.93 and including117.6124.87.21.50including114.9115.20.33.56 including117.6119.92.32.86and including140.5142.01.51.00 AX-25-82312.022.010.01.02and199.5201.01.51.13 and44.054.010.00.49and216.5218.01.52.75 including50.054.04.00.80and233.2259.526.30.74 and70.6127.957.30.62including234.7240.86.12.59 including70.687.016.40.69including234.7236.21.57.39 including86.687.00.43.39AX-25-74525.529.54.00.40 and including112.9119.06.13.39and47.549.01.50.30 including115.6115.90.350.84and144.5146.01.50.36 and including118.5119.00.53.50and151.5175.524.00.29 and148.5149.20.70.39including174.1175.51.41.95 and153.3154.71.40.44and206.0220.514.50.46 and166.4171.24.80.29including210.0211.51.51.30 and200.4231.130.70.43and244.0249.05.01.18 including205.8213.47.61.31including244.0245.01.05.14 including208.0209.51.53.05 and250.9253.02.12.37 including251.4253.01.62.96*Note: Calculated percentage of true thickness for drill intervals is presented in each drillbholes in table 2.Table 2: Collar Locations for drill holes in this releaseHOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipPct of True ThicknessAX-25-6384671197084045784111.30-6090%AX-25-640467053708404378111.30-6090%AX-25-6414683997083425830259.10-6090%AX-25-6424669957084040779115.80-6090%AX-25-6434669337084041777111.30-6090%AX-25-6444668797084044774150.90-6090%AX-25-6464670337084100778275.80-6090%AX-25-6474687757083385870243.80-6090%AX-25-6484686077083289863306.30-6090%AX-25-649467029708406678089.90-6090%AX-25-6504670297084066780225.6245-5041%AX-25-6524670297084066780303.3180-7054%AX-25-6534684657082953871301.80-5585%AX-25-6544670297084066780228120-6545%AX-25-6564685117082945878300.20-5585%AX-25-6574672407084037788153.90-6090%AX-25-65846733670840147911570-6090%AX-25-6594678457084036793198.60-6090%AX-25-6604684677082859873289.80-5585%AX-25-6614669147083543785408.40-6090%AX-25-6624678427083932793247.20-6090%AX-25-6634679327083936793249.90-6090%AX-25-6644683597082934853332.20-5585%AX-25-6654680257083994793293.50-6090%AX-25-6664668927083450784448.10-6090%AX-25-6674685577083096861412.10-6090%AX-25-6684674467084025792610-6090%AX-25-669467450708399279278.60-6090%AX-25-6704675077083900789117.40-6090%AX-25-6714674897083837789149.40-6090%AX-25-6724675627083871789135.60-6090%AX-25-6734676007083826789150.90-6090%AX-25-6744668327083498781438.90-6090%AX-25-6754676157083883790137.20-6090%AX-25-6764675947083423794405.40-6090%AX-25-6774675247083763789226.50-6090%AX-25-6784668137083666755322.80-6090%AX-25-6794675037083711788420.60-6090%AX-25-6804675027083482791373.40-6090%AX-25-68146670270836277463310-6090%AX-25-6824675257083652788298.70-6090%AX-25-6834675917083539791361.20-6090%AX-25-6844666597083553745403.90-6090%AX-25-6854675987083737789248.40-6090%AX-25-6864673137083850787199.60-6090%AX-25-6884667027083430773205.70-6090%AX-25-6894672857083788785231.70-6090%AX-25-6904667047083367773228.60-6090%AX-25-6914671907083765785274.30-6090%AX-25-6924667537083336775245.40-6090%AX-25-6934660967083799704323.10-6090%AX-25-69446680470833667782530-6090%AX-25-6954662807083774712283.50-6090%AX-25-6974664547083008753310.90-6090%AX-25-6984663537083811717248.40-6090%AX-25-6994665107083046756268.20-6090%AX-25-7004665537083001760306.30-6090%AX-25-7014670017083963780152.40-6090%AX-25-7024669017083896768153.90-6090%AX-25-7034669037083800773227.10-6090%AX-25-7044665537083001760236.2180-7050%AX-25-7054669047083848771185.90-6090%AX-25-7064666577082999766249.90-6090%AX-25-7074668007083897760179.80-6090%AX-25-7084670017083858772190.50-6090%AX-25-709B4666507082899761251.50-6090%AX-25-7104669577083980778140.20-6090%AX-25-711466843708405177176.20-6090%AX-25-712466793708404776770.10-6090%AX-25-713466746708403776270.10-6090%AX-25-714466689708403675468.60-6090%AX-25-7154667037083055769251.50-6090%AX-25-716466658708404675170.10-6090%AX-25-717466614708405274570.10-6090%AX-25-718466561708404973767.10-6090%AX-25-7194667967083052773265.20-6090%AX-25-720466562708400373691.40-6090%AX-25-721466520708402573185.30-6090%AX-25-7224664697083982724120.40-6090%AX-25-723466468708402972586.90-6090%AX-25-7244667587083002770274.30-6090%AX-25-7254664227083981717126.50-6090%AX-25-7264672977084051789115.80-6090%AX-25-727467297708410278876.80-6090%AX-25-7284668527083001774274.30-6090%AX-25-7294673977084060792111.30-6090%AX-25-730467609708396578985.30-6090%AX-25-731467700708397679285.30-6090%AX-25-7324667937082941771237.70-6090%AX-25-7334677447083895791140.50-6090%AX-25-7344677437083841791172.20-6090%AX-25-7354670457083979782126.50-6090%AX-25-7364663037082672745285.90-6090%AX-25-7374671357083964785135.60-6090%AX-25-7384663897083902717201.20-6090%AX-25-7394669177082899774236.20-6090%AX-25-74046637870839547151570-6090%AX-25-7414663007082602747300.20-6090%AX-25-7424665037083708728251.50-6090%AX-25-7434665447083221753257.60-5080%AX-25-7444663587082968746275.80-6090%AX-25-7454666047083702747257.60-6090%AX-25-7464665037082594760310.90-6090%AX-25-7474663827083763726251.50-6090%AX-25-7484664027082498757376.40-6090%AX-25-74946630870838177122560-6090%AX-25-7504662057083899709163.10-6090%AX-25-7514666017082501768371.90-6090%AX-25-752B4661097083876704185.90-6090%AX-25-7534667077083777759234.70-6090%AX-25-7544668027082500785431.30-6090%AX-25-7554696907082679986117.40-6090%AX-25-7564667067083821757201.20-6090%AX-25-7574697247082613990158.50-6090%AX-25-7584667747083743759278.80-6090%AX-25-7594696217082616987147.80-6090%AX-25-7604662027082667740315.50-6090%AX-25-7614696167082552991173.70-6090%AX-25-762B4668027083830766310.90-6090%AX-25-7634662007082601743326.10-6090%AX-25-7644661317082671737374.9350-5585%AX-25-7654696807082559996175.30-6090%AX-25-7664667057083773758265.20-8085%AX-25-7674667537083825761201.20-6090%AX-25-7684697357082563993193.60-6090%AX-25-7694661017082398746326.40-6090%AX-25-7704668017083777763307.90-6090%AX-25-7714696837082554991190.525-5580%AX-25-7724661047082201746335.30-6090%AX-25-7734668527083772766269.10-7580%AX-25-7744695037082550990155.70-6090%AX-25-7754668557083774776326.1335-5395%AX-25-7764660007082402738338.30-6090%AX-25-77746950170824551007204.20-6090%AX-25-7784665407083920737202.70-6090%AX-25-7794663027082406757326.10-6090%AX-25-7804668127084016772150.90-6090%AX-25-7814691957082803976161.50-6090%AX-25-7824668147084002766251.5170-7540%AX-25-7834691947082758983184.40-6090%AX-25-784466741708407077665.50-6090%AX-25-785466793708407077265.50-6090%AX-25-7864691967082705975178.30-6090%AX-25-787466704708407275665.50-6090%AX-25-788466304708219675388.40-6090%AX-25-7894677957084042801202.70-6090%AX-25-7904668717083172774291.1305-5785%AX-25-7914691437082704972175.30-6090%AX-25-7924678827083972791202.70-6090%AX-25-793B46695170828027862490-6090%AX-25-7944691037082650988199.60-6090%AX-25-7954678837084089792146.30-6090%AX-25-79646905770826909591890-6090%AX-25-797467394708410879876.20-6090%AX-25-7984668717083172774260.6320-5075%AX-25-7994669677083795792269.8180-8070%AX-25-800B4689497082631969210.30-6090%AX-25-8014668577082879766243.80-5585%AX-25-8024688497082657944185.90-6090%AX-25-8034667467083283773219.2120-6045%AX-25-8044669997083799783248.40-6090%AX-25-8054672637083016767286.5355-6090%AX-25-8064668977082860793248.40-6090%AX-25-8074669977083799782333.8180-8070%AX-25-808466744708328478130.595-5545%AX-25-8094673317082971795324.60-6090%AX-25-8104667437083283777288100-6045%AX-25-8114669417082911777227.145-5080%AX-25-8134674207082904795345345-6085%AX-25-8144669407082910775272.80-5290%AX-25-8154667477083280782100.6120-5045%AX-25-8164667477083280782175.3120-7045%AX-25-8174673467083217792699.5355-6095%AX-25-8184670457082935783248.4180-7060%AX-25-8194667437083282792150.9150-6045%AX-25-8204670457082935783275.8355-5090%AX-25-821466766708326378177.7120-5045%AX-25-8224667687083264780126.5120-7045%AX-25-8234671147083041786253350-6090%Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Samples returning >200 g/t Ag (MA250 or MA300) were analysed by mutli-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 50g sample (FA550). If samples returned > 10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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.European Investor Relations AgreementBanyan has engaged Swiss Resource Capital AG, an independent European investor relations and communications firm based in Switzerland, to provide investor relations, translation, news dissemination, digital marketing and media outreach services in Germany, Switzerland, Austria and other European markets. The agreement commences May 14, 2026 for an initial one-year term, automatically renewable on a quarterly basis thereafter unless terminated by either party. Services include dissemination of Company news and information, investor and shareholder communications, media distribution, social media marketing, virtual roadshows and broader awareness initiatives targeting the German-speaking and European investment community. Compensation is CHF 6,000 per month, payable monthly in advance, with additional fees applicable for optional roadshows, conferences and special marketing initiatives. Swiss Resource Capital AG currently holds no direct or indirect interest in Banyan Gold or its securities, and Banyan is unaware of any right or intent to acquire such an interest.Upcoming EventsCanaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, NV, May 19 - 21The Rule Symposium, Boca Raton, FL, July 6 - 10Invest Yukon Property Tours, July 12 - 15About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. 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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag) (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.comJasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; 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, 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.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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Provides Summary of 2025 Diamond Drill Program for the Flagship AurMac Project, Yukon, Canada
CA Market News
4週前
The Yukon's Capital Cycle Has Turned -- and This 18-Project Junior Is Quietly Building the Next District-Scale StoryMay 12, 2026 9:05 AM
PR Newswire (Canada) Issued on behalf of Yukon Metals Corp.From Snowline Gold's TSX graduation to Agnico Eagle's $7.6-million bet on Cascadia Minerals, 2026 has been the year when the majors and ETFs returned to the Yukon. Yukon Metals — built on three decades of Berdahl family prospecting — controls 44,000 hectares and just stitched together a contiguous copper-gold district. Equity Insider News Commentary WHITEHORSE, YT, May 12, 2026 /CNW/ -- When Newmont reported on April 23 that it had generated US$3.1 billion of free cash flow in a single quarter — its all-time record — and announced a doubling of its share repurchase program with an additional $6.0 billion authorization, the gold market had its most explicit confirmation yet of what the World Gold Council had already shown in tonnage data [1]. Q1 2026 LBMA gold averaged a record US$4,873 per ounce, hitting a January peak of US$5,405; total quarterly gold demand value reached US$193 billion (+74% YoY); and central banks bought another 244 tonnes [2]. Realized prices at the major producers told the same story: Newmont reported a Q1 2026 realized gold price of US$4,900 per ounce, while Agnico Eagle Mines (NYSE: AEM) realized US$4,861 per ounce on its 825,109 ounces of payable production [1,3]. That kind of operating leverage — gold-by-product All-In Sustaining Costs of US$1,029 per ounce at Newmont, against a realized price near US$4,900 — is what's pulling generalist capital back into the gold space. And in 2026, more of that capital is finding its way to the Yukon.The territory has become a small but increasingly relevant proxy for the broader gold rerating. Snowline Gold's graduation from the TSX Venture Exchange to the senior Toronto Stock Exchange in November 2025, the Cascadia Minerals strategic alliance with Agnico Eagle announced March 30, 2026, and Hecla Mining's continued operation of the Keno Hill silver mine have collectively reframed Yukon as a place where the next wave of district-scale stories is being assembled. The exploration capital is following.Yukon Metals Corp. (CSE: YMC) (FSE: E770) (OTCQB: YMMCF) sits in the middle of this thesis. The company holds an 18-project, 44,000-hectare portfolio built on more than 30 years of prospecting by the Berdahl family — the same prospecting team behind Snowline Gold's flagship Rogue Project, including the discovery of the now-7.94-million-ounce Valley deposit [4]. In its April 27, 2026 corporate description, Yukon Metals frames the portfolio as "primarily copper-gold and silver-lead-zinc assets, with a substantial tungsten, gold and silver component." [5]The recent operational record has been productive: three sets of credible drill or sample results (Birch in December 2025, Carter Gulch in February 2026, Star River in April 2026), one new property option (Sumo, April 27, 2026), and a permanent CEO appointment (Jim Coates, effective March 2, 2026) [5,6,7,8,9]. Together, those moves are starting to define what the company itself now calls the "emergent Birch District" — a contiguous copper-gold-tungsten footprint in southwestern Yukon.Birch: 14.35 g/t Gold and a 300-Metre Discovery Step-OutBirch — Yukon Metals' 100%-owned, 7,000-hectare flagship copper-gold project located 65 kilometres northeast of Burwash Landing — has been the company's lead story since first drill assays were released in October 2025. The December 8, 2025 release expanded that story dramatically.Hole BR25-003 — collared 300 metres northeast of the original discovery — intersected 47.4 metres of 0.43 g/t gold from 26.6 metres depth, including a high-grade core of 1.0 metre at 14.35 g/t gold at 71 metres [6]. The release also reported a deeper, second skarn horizon in the same hole returning 33.8 metres of 0.19 g/t gold from 278.7 metres, supporting the company's interpretation of stacked mineralized horizons within the same favourable stratigraphy [6]. The 14 g/t intercept occurred with minimal arsenic — a geochemical signature commonly associated with proximal, higher-temperature skarn environments and potentially closer to a porphyry source [6].Surface prospecting two kilometres south of the drill collars added another data point: rock samples grading up to 16 g/t gold, 1,825 g/t silver, and 0.43% copper, coincident with a large molybdenum soil anomaly [6]. The company has framed the area as a potential porphyry target."Last year's drilling identified a system transitioning at depth from copper into a gold-rich zone showing multiple mineralization episodes and confirmed that mineralization extends well beyond our initial discovery," says Jim Coates, President and Chief Executive Officer. "The highest-grade gold we have seen at Birch to date came from that program, and it is a key driver of our 2025 exploration plans." The 2025 Birch program totaled 1,685 metres of HQ diamond drill core in six holes off four pads.Carter Gulch: 250 g/t Gold from Float, 70 Claims Now Cover the ShowingThe February 20, 2026 release on Carter Gulch — located approximately 40 kilometres from Whitehorse — reported peak rock sample grades of 250 grams per tonne gold, with an average of 17.8 g/t Au across nine samples that exceeded 1 g/t gold (out of 27 total) [7]. The peak sample was an oxidised quartz vein float that also assayed 41.9 ppm silver, 2,130 ppm copper, and 2.96% lead. Two additional float samples graded 118.5 g/t Au and 38.30 g/t Au [7].Following those results, Yukon Metals staked 68 new quartz claims around the original Kiyoko claims to cover the broader structural and geochemical footprint, bringing the total Carter Gulch land position to 70 claims covering approximately 1,462 hectares [7]. The newly staked block also covers the Peppy Showing, located approximately 1.5 kilometres southeast of the historic CG Showing where 1993 prospecting returned values up to 142 g/t Au, 1.3% Pb, and 1.1% Cu [7]. Carter Gulch is roadside-accessible: gravel roads run within two kilometres of the property and the Alaska Highway is ten kilometres from the claim boundary [7].Star River: A Polymetallic Vein System, 5 Kilometres From the Past-Producing Ketza MineStar River — Yukon Metals' silver-lead-zinc-gold project located approximately 5 kilometres from the past-producing Ketza River Gold Mine in southern Yukon — produced its first drill program assays on April 2, 2026 [8]. Eight holes tested the F2, F3, and Saddle vein systems and confirmed a 1-kilometre-long structural corridor defined by drone magnetic surveying.Headline intercepts include:11.7 g/t gold over 0.5 metres in hole SR25-001, within metre-scale quartz-ankerite-sulphide veins at the F2 zone [8]A separate F2-corridor interval in the same SR25-001 hole returning 183 g/t silver and 10.6% lead over 0.5 metres — the polymetallic signature consistent with the Ketza district [8]Hole SR25-006 (south of F2) intersecting three 1.5-metre intervals grading 2.4–3.4% zinc in brecciated and veined metasediments [8]F3 vein drilling (holes SR25-007, SR25-008) returning up to 116 g/t silver and 3.2% lead [8]Multiple holes in the F2 zone returning gold mineralization between 1.9 and 4.9 g/t [8]Yukon Metals also acquired the contiguous Stump claims, which add roughly 2 kilometres of prospective ground along the same structural corridor and include a historic high-grade silver-lead vein where surface samples have returned more than 2,400 g/t silver and 70% lead over narrow intervals [8].Sumo: A Sumitomo-Drilled Property in the Emergent Birch DistrictThe April 27, 2026 option agreement on the Sumo copper-gold property is the move that ties the recent results into a district-scale story. Located approximately 10 kilometres east of Birch, Sumo comprises 75 quartz claims totalling roughly 1,875 hectares along the same geological trend [5]. Between 2013 and 2015, Sumac Mines Ltd. — a subsidiary of Sumitomo Metal Mining Co., Ltd. — drilled 19 diamond drill holes totalling approximately 7,300 metres at Sumo, with core remaining stored on site for future verification [5].Recent work by optionor Ryan Burke (who also generated the Catch prospect, now owned by Cascadia Minerals and the subject of a March 2026 earn-in agreement with Agnico Eagle) added two important layers. A 2024 soil grid covering 3 × 2 kilometres returned peak values of 587 ppm copper, 409 ppb gold, and 4.1 ppm molybdenum, and 2025 surface sampling defined a new 1.1 km × 600 m copper-gold skarn target approximately 1.2 km from the Sumitomo-era drill sites [5]. Option terms call for $395,000 in aggregate cash payments and 1.5 million shares over six years, plus $3.6 million in work expenditures, with Burke retaining a 2.5% NSR (1% repurchasable for 750 oz of gold) and a milestone payment if a 1,000,000+ oz AuEq resource is defined [5].The Yukon Comp Set: Sitka, Banyan, and the Cascadia–Agnico Eagle ValidationThe 2026 Yukon junior comp set illustrates exactly why the territory's exploration cycle is rerating.Sitka Gold Corp. (TSXV: SIG) (OTCQX: SITKF) — which graduated from OTCQB to OTCQX in late February — released an updated NI 43-101 mineral resource estimate for its RC Gold Project on February 25, 2026. The project now hosts 1.291 million ounces of gold Indicated (39.96 Mt at 1.01 g/t) at the Blackjack deposit, plus a total of 3.829 million ounces Inferred comprising 1.04 million ounces at Blackjack (34.60 Mt at 0.94 g/t), an updated 535,000 ounces at the Eiger deposit (32.14 Mt at 0.52 g/t), and a maiden 2.25 million ounces at the new Rhosgobel deposit (100.68 Mt at 0.70 g/t) — bringing total RC Gold resources to approximately 5.12 million ounces [10]. Sitka is funded for a planned 60,000-metre drill program in 2026 focused on expanding all three deposits; by late April it had completed approximately 5,500 metres with visible gold reported in every initial hole [10]. Notably, the Rhosgobel deposit also hosts coarse scheelite — a tungsten-bearing mineral — adding a critical-metals dimension to the asset [10].Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) is advancing the AurMac Project in the Tombstone Gold Belt, 40 kilometres from Mayo, Yukon, transected by the territory's main highway. The current AurMac mineral resource estimate (effective June 28, 2025) hosts 2.274 million ounces of gold Indicated (112.5 Mt at 0.63 g/t) and 5.453 million ounces of gold Inferred (280.6 Mt at 0.60 g/t) at the Airstrip and Powerline deposits, using a US$2,050 gold price [11]. On February 19, 2026, Banyan commenced a fully funded 40,000-metre diamond drill program at AurMac; subsequent April 2026 financings of up to C$46.5 million strengthened the treasury and the company indicated plans to expand the 2026 program toward up to 70,000 metres [11].Cascadia Minerals Ltd. (TSXV: CAM) (OTCQB: CAMNF) — operating in central Yukon's Stikine Terrane — provides the clearest recent institutional validation of the territory. On March 30, 2026, Cascadia announced a multi-year strategic alliance with Agnico Eagle Mines (TSX: AEM) (NYSE: AEM), including a $7.6 million equity investment by Agnico Eagle for a 19.90% interest in Cascadia, an earn-in agreement on Cascadia's Catch Property (Agnico Eagle may earn up to 51% via $30 million over six years, with potential to earn up to 80% under a subsequent joint venture), and up to $5 million in 2026 alliance exploration funding [12]. Cascadia is also advancing its 100%-owned Carmacks Project, which hosts a Measured & Indicated resource of 651 million pounds of copper and 302,000 ounces of gold (36.3 Mt at 0.81% Cu, 0.26 g/t Au) and is the subject of a fully-funded 15,000-metre drill program in 2026 [12]. The Cascadia–Agnico Eagle alliance is the kind of major-funded exploration footprint that, once it appears in a jurisdiction, typically lifts the entire local junior universe.The Capital PictureYukon Metals' October 2025 capital structure shows 114.3 million basic shares outstanding (143.2 million fully diluted) and C$9.1 million in cash with no debt; the company's basic market capitalization was approximately C$56 million at the May 5, 2026 close of C$0.49 [13]. The 52-week trading range is approximately C$0.365 to C$0.94, leaving substantial room for re-rating relative to the comparable set as drilling advances [13]. Sitka, Banyan, and Cascadia are all trading at materially higher market caps with comparable or only modestly more advanced asset bases.What 2026 Looks LikeThe macro setup remains decisive. Newmont's Q1 2026 results — record $3.1 billion free cash flow, $4,900-per-ounce realized gold, $6 billion new share buyback authorization — and Agnico Eagle's record $1.7 billion net income on $4,861-per-ounce realized gold are not anomalies; they are what happens when a long-cycle commodity finds its margin [1,3]. World Gold Council data shows central banks bought 244 tonnes net in Q1 2026, with 17 consecutive months of net purchases [2]. The capital flowing to Yukon producers and seniors is starting to flow to Yukon explorers.For Yukon Metals, the next visible milestones include 2026 drill plans across Birch, and AZ (where rock chip samples have graded up to 26% copper, with a December 4, 2025-effective NI 43-101 technical report filed on March 17, 2026), and follow-up at Sumo's recently defined 1.1 km × 600 m copper-gold skarn target [5,14]. Three of the four are advanced enough to drill; one (Sumo) carries a decade of Sumitomo-funded historical work.An 18-project portfolio in a region that's finally being capitalized again, anchored by the same prospecting team that found Snowline's Valley — Yukon Metals enters 2026 with the cleanest setup of its short corporate life.Continuing coverage of Yukon Metals Corp. and the broader Yukon mining sector is available at https://equity-insider.com/ymc-landingCONTACT: Equity Insider https://equity-insider.com/ info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Yukon Metals Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Yukon Metals Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not currently own any shares of Yukon Metals Corp. but reserves the right to buy and sell, and will buy and sell shares of Yukon Metals Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:[1] Newmont Corporation, "Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 Results and Announces Increased Share Repurchase Authorization," April 23, 2026[2] World Gold Council, "Gold Demand Trends Q1 2026," April 30, 2026, https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2026 [3] Agnico Eagle Mines Limited, "Agnico Eagle Reports First Quarter 2026 Results, Including Record Quarterly Operating Margins and Adjusted Net Income," April 30, 2026[4] Yukon Metals Corp. corporate website, https://yukonmetals.com/ [5] Yukon Metals Corp., "Yukon Metals Options Copper-Gold Project from Renowned Yukon Prospector Ryan Burke, Solidifying Position in Emergent Birch District," April 27, 2026[6] Yukon Metals Corp., "14 G/T Au Within 47m of Gold-Bearing Skarn from 26m Depth in 300m Step-Out at Birch Cu-Au Project," December 8, 2025[7] Yukon Metals Corp., "Yukon Metals Samples Up to 250 G/T Gold in Rock and Expands Land Position at Carter Gulch, Yukon," February 20, 2026[8] Yukon Metals Corp., "Yukon Metals Intersects 11.7 g/t Gold Within Extensive Vein System in First Drill Program and Expands Land Package at Star River Property," April 2, 2026[9] Yukon Metals Corp., "Yukon Metals Appoints Jim Coates as Permanent Full-Time CEO," March 2, 2026[10] Sitka Gold Corp., "Sitka Gold Announces Maiden Resource Estimate at its Rhosgobel Gold Deposit and Expands Total Mineral Resource Estimate at the RC Gold Project, Yukon," February 25, 2026, https://sitkagoldcorp.com/sitka-gold-announces-maiden-resource-estimate-at-its-rhosgobel-gold-deposit-and-expands-total-mineral-resource-estimate-at-the-rc-gold-project-yukon/ [11] Banyan Gold Corp., "Banyan Gold Commences Fully Funded 40,000+ Metre Diamond Drill Program at AurMac Project, Yukon," February 19, 2026; "Banyan Gold Announces $46.5 Million Private Placement," April 2026[12] Cascadia Minerals Ltd., "Cascadia Announces Strategic Exploration Alliance, Earn-In Agreement and Equity Investment with Agnico Eagle," March 30, 2026, https://cascadiaminerals.com/cascadia-announces-strategic-exploration-alliance-earn-in-agreement-and-equity-investment-with-agnico-eagle/ [13] Yukon Metals Corp. Stock Information, https://yukonmetals.com/investors/stock-information; Yahoo Finance, May 5, 2026[14] Yukon Metals Corp., "Yukon Metals Files Technical Report for the AZ Project, Yukon," March 17, 2026 Logo: https://mma.prnewswire.com/media/2840019/5965217/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/the-yukons-capital-cycle-has-turned--and-this-18-project-junior-is-quietly-building-the-next-district-scale-story-302769141.html Original: The Yukon's Capital Cycle Has Turned -- and This 18-Project Junior Is Quietly Building the Next District-Scale Story
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2月前
Banyan Gold Continues to Intersect High-Grade Gold in Powerline, AurMac Deposit, Yukon, CanadaApril 7, 2026 6:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / April 7, 2026 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce additional drill results with high-grade gold ("Au") mineralization from the 2025 drill program in the Powerline Deposit ("Powerline") at its AurMac Project ("AurMac"), Yukon, Canada.Powerline Highlights from within areas classified as "waste" in the 2025 Resource block model:AX-25-739 - 1.55 g/t Gold ("Au") over 9.9 metres ("m") , AND 0.84 g/t Au over 18.7m , including 8.76 g/t Au over 1.5m;AX-25-793B - 1.44 g/t Au over 7.5m , within 0.53 g/t Au over 35.0m;AX-25-806 - 0.98 g/t Au over 11.0m , within 0.37 g/t Au over 34.0m;AX-25-809 - 0.81 g/t Au over 9.0m, within 0.64 g/t Au over 14.6m;AX-25-818 - 1.57 g/t Au over 6.6m , within 0.74 g/t Au over 16.5m;AX-26-820 - 0.86 g/t Au over 10.2m , within 0.48 g/t Au over 60.0m.Eastern Powerline (previously referred to as Aurex Hill Area) Highlights detailed below, which improve continuity and expand high-grade domains in satellite pit:AX-25-781 - 0.87 g/t Au over 6.0m, within 0.32 g/t Au over 24.5m;AX-25-786 - 0.73 g/t Au over 75.8m , including high grade interval of 27.9 g/t Au over 1.5m;AX-25-800B - 0.70 g/t Au over 10.9m , within 0.41 g/t Au over 46.9m"A key objective of the 2025 drill program was to optimize and improve economics for the upcoming Preliminary Economic Assessment (PEA). The drillholes in this release were strategically targeted in areas identified by the 3D model as potential zones where waste blocks could be converted into high-grade ore by extending both new and previously identified mineralized domains," said Tara Christie, President and CEO. "These results successfully achieve that goal and demonstrate the continuity of high-grade gold mineralization associated with sheeted veins in the core and the eastern portion of Powerline Deposit." Figure 1: Plan map of Central Powerline with highlighted drill intervals from this release. Figure 2: Cross-section 466950mE in Powerline (See Figure 1). High-grade mineralization associated with sheeted veins extends high-grade mineralized domains and has potential to convert near-surface waste blocks into high-grade ore while confirming continuity of the mineralization in Powerline and effective targeting based on the new geologic model. Figure 3: Diamond drill core from AX-25-818. Sheeted veins cutting metasedimentary rocks of the Hyland group, typical of the Powerline deposit hosting trace Bismuth sulphosalts, arsenopyrite and visible gold (See Figure 2). Figure 4: Plan map of highlight gold intersections in Eastern Powerline (Aurex Hill). Cross-sections 468900mE (Figure 5) and 469200mE (Figure 6) highlight potential waste block conversion and high-grade intervals near surface and extending up-dip at depth. Figure 5: High-grade mineralization near surface in drillhole AX-25-800B has potential to convert additional waste blocks in the Eastern Powerline (Aurex Hill) satellite pit. Figure 6: High-grade mineralization in drillholes AX-25-781, -783, and -786 has potential to convert near-surface waste blocks and demonstrate improved continuity in lower domains in the Eastern Powerline (Aurex Hill) satellite pit.Table 1: Diamond drillhole assay intercepts for Powerline in this release.HOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-73915.022.57.50.31and47.451.64.20.28and68.769.71.00.48and82.6104.822.20.30including99.8104.85.00.50including99.8100.00.25.25and123.4133.39.91.15including123.4124.61.22.79and including133.0133.30.316.10and150.9169.618.70.84including164.6166.11.58.76and189.0204.015.00.37including203.2203.40.22.62and219.6221.11.50.39AX-25-793B28.129.51.40.31and58.0101.043.00.37including86.087.51.52.05and including98.099.51.52.24and118.0153.035.00.53including119.5127.07.51.44and179.5202.523.00.34and227.0228.51.51.06AX-25-80610.044.034.00.37including15.016.01.05.29and including30.532.01.51.74and86.5118.532.00.42including88.599.511.00.98including98.599.51.04.51and136.0142.06.00.37and156.5158.01.50.76and168.5170.01.50.59and180.2181.51.30.99and193.0194.01.00.32AX-25-80933.082.849.80.43including33.052.719.70.39and including67.870.93.11.92and143.5158.114.60.64including147.5156.59.00.81and179.0180.01.00.61and208.7209.81.10.75and216.4220.03.60.46and250.5258.07.50.49including250.5252.01.51.45and283.4285.01.62.31AX-25-81129.544.715.20.40including29.531.41.91.87and82.3117.635.30.37including82.384.01.72.65and including107.2116.59.30.55including116.0116.50.56.55and147.8149.41.60.72and173.1174.61.50.28and193.7195.01.31.21and214.7217.83.10.70AX-25-8187.59.11.60.71and22.982.059.10.27including37.438.71.31.16including52.754.21.52.95including67.768.50.81.12and102.0118.516.50.74including102.0108.66.61.57including108.2108.60.49.29and138.2140.92.70.63and153.5154.51.00.40and158.4160.01.60.34and202.8204.01.20.40and235.0236.01.01.43including235.4236.00.62.12AX-25-8209.010.51.50.40and14.315.00.70.35and22.524.01.50.68and47.5107.560.00.48including47.547.90.44.83and including58.659.20.61.10and including71.071.90.910.90and including82.482.80.41.52and including94.4104.510.10.86including102.0103.11.13.32and125.0126.11.10.52and141.2142.61.40.31and161.0162.51.50.38and169.0170.21.20.76and174.4175.91.50.30and220.0221.01.01.52and233.0233.50.51.23and274.6275.81.20.31Note: Calculated true widths for drillholes with Azimuth of 000 and Dip of -60 are approx. 90% of reported drill widths.* Calculated true widths for drillholes AX-25-811 are approx. 80% of reported drill widths.** Calculated true widths for drillholes AX-25-818 are approx. 60% of reported drill widths.*** Calculated true widths for drillholes AX-25-820 are approx. 85% of reported drill widths.Table 2: Diamond drillhole assay intercepts for Eastern Powerline (Aurex Hill) in this release.HOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-75526.489.062.60.29including26.439.012.60.32including26.427.41.02.27and including38.439.00.62.47and including70.771.60.97.52and113.4114.41.00.38AX-25-75729.030.51.50.36and40.341.20.90.42and76.992.315.40.36including89.089.90.91.18and101.0102.51.50.48and108.5110.01.50.49and125.7133.27.50.43including131.7133.21.51.44AX-25-78121.245.724.50.32including39.745.76.00.87and143.8154.410.60.34including143.8144.81.01.24including154.0154.40.44.44AX-25-78359.597.037.50.35including82.397.014.70.62and111.5113.01.50.77and120.8122.61.80.37and172.4173.30.90.63AX-25-78612.788.575.80.73including26.126.40.31.90and including87.088.51.527.90AX-25-79114.029.015.00.34and41.048.57.50.34and63.574.010.50.27including67.568.00.51.54and80.081.51.50.37and145.6160.615.00.67including147.0148.41.42.42including160.3160.60.39.99AX-25-79420.556.536.00.27including20.522.01.51.03and including43.056.513.50.44and73.582.08.50.86including81.082.01.04.34and93.0115.022.00.46including108.3109.51.27.01AX-25-800B9.156.046.90.41including19.630.510.90.70and including52.352.60.310.28and94.596.01.55.58and134.7142.88.10.33including139.7141.01.31.07and165.2166.61.40.32and182.5190.27.70.35Note: Calculated true widths for drillholes are approx. 90% of reported drill widths.Table 3: Collar Locations for Powerline drillholes in this release.HOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-7394669177082899774236.20-60AX-25-793B4669517082802786249.00-60AX-25-8064668977082860793248.40-60AX-25-8094673317082971795324.60-60AX-25-8114669417082911777227.145-50AX-25-8184670457082935783248.4180-70AX-25-8204670457082935783275.8355-50Table 4: Collar Locations for Eastern Powerline (Aurex Hill) drillholes in this release.HOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-7554696907082679986117.40-60AX-25-7574697247082613990158.50-60AX-25-7814691957082803976161.50-60AX-25-7834691947082758983184.40-60AX-25-7864691967082705975178.30-60AX-25-7914691437082704972175.30-60AX-25-7944691037082650988199.60-60AX-25-800B4689497082631969210.30-60Exploration UpdateWith 5 drills operating at site, Banyan has now completed over 7,500 m of drilling.Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsNatural Resource Stock Expo, Atlanta, GA, May 1 - 2Canaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, NV, May 19 - 21The Rule Symposium, Boca Raton, FL, July 6 - 10Invest Yukon Property Tours, July 12 - 15About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate (" MRE ") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum (" CIM ") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres (" sq km ") AurMac Project lies 40 kilometres 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.Table 5: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 5 :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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand (" K ") ?ounces (" oz ") of gold (" Au ") and 2.63 million (" M ") oz of silver (" Ag ") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum (" CIM ") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; the potential to convert waste rock to resource, 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, 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.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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Gold Continues to Intersect High-Grade Gold in Powerline, AurMac Deposit, Yukon, Canada
CA Market News
3月前
Banyan Intercepts Several New Distinct High-grade Silver Veins, including 3,408 g/t Ag over 1.4 m, at AurMac, YukonMarch 16, 2026 6:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 16, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce it has intersected several new, distinct high-grade silver ("Ag") veins at its AurMac Project ("AurMac"), Yukon, Canada.Airstrip Highlights:AX-25-799 - 3,408 g/t silver over 1.4m, within 352.64 g/t Ag over 13.7mPowerline Central Highlights:AX-25-810 - 880 g/t silver over 1.5m, within 273.35 g/t Ag over 4.8m, AND 248 g/t silver over 1.0m within 114.52 g/t Ag over 4.1mAX-25-819 - 20.35 g/t silver over 5.8m and 27.43 g/t silver over 7.7mAX-25-821 - 731 g/t silver over 0.8m within 93.17 g/t silver over 7.5mAurex Hill Highlights:AX-25-786 - 55.55 g/t silver over 2.8mPowerline Southwest Highlights:AX-25-788 - 138.10 g/t silver over 0.5m"The ongoing discovery of new high-grade Keno-style silver mineralization demonstrates that the AurMac project remains underexplored with high discovery potential," said Tara Christie, President and CEO. "Our plans for 2027 will provide meaningful catalysts for Banyan to continue to re-rate, with our upcoming MRE, PEA, and 40,000 m strategic drill program at AurMac, along with 10,000m focused on our regional targets."Figure 1: Silver mineralization highlights intersected across the AurMac deposit. At least eight distinct Keno veins have been identified across an approximately 2km x 3km zone, centred roughly on the AG-1 vein (see Figure 2). Figure 2: Plan map of highlight silver intersections in Powerline Central in the AG-1 vein (see Figure 3 for relationship between AG-1 and sub-parallel AG-2 and AG-3 veins). Figure 3: Cross-section A-B in Powerline. Silver intersections within drillholes AX-25-810, -819, and -821 are consistent with late brittle feature for the AG-1 vein intersected in drillhole AX-21-142 and AX-25-803 (see news releases dated October 29, 2025 and January 22, 2026). Two sub-parallel veins have been identified adjacent to the AG-1 vein intersected in holes AX-21-142 and AX-25-803; AG-2 and AG-3 are north and south of AG-1, respectively (magenta veins and dashed traces above). Block model for Au MRE included to highlight cross-cutting nature of silver mineralization. Figure 4: Cross-section 466950mE in Airstrip. Potential orientation of high-grade Keno vein intersected in drillhole AX-25-799 shown by magenta dashed line (see Figure 5). Figure 5: Keno-style mineralization (sphalerite and galena hosted in Fe-carbonate veins) from drillhole AX-25-799 in Airstrip. This intersection represents a new high-grade vein intersection. Table 1: Diamond drillhole assay intercepts for in this releaseHole IDdepth from (m)depth to (m)Ag Interval (m)Ag Interval (g/t)AX-25-78687.088.51.58.50and168.2171.02.855.55AX-25-78850.482.031.63.52including58.559.00.5138.10AX-25-798114.5130.015.54.03including124.0125.51.518.60and234.5256.522.010.02including240.5242.01.527.20and including253.5255.31.824.08AX-25-79977.593.015.51.18and131.1144.813.7352.64including133.5139.56.0806.54including133.5134.91.43408.00AX-25-80174.076.02.029.85including75.076.01.037.30and139.6156.016.40.98and176.6232.055.41.13including194.0195.01.014.10AX-25-809179.0202.323.30.76and283.4285.01.615.10AX-25-81078.0105.827.817.90including87.391.44.1114.52including87.388.31.0248.00and including89.390.31.0115.40and123.0127.84.8273.35including123.0124.51.5880.00and147.4159.211.81.11and229.0246.517.51.46AX-25-81979.9124.444.58.26including90.696.45.820.35including93.695.01.432.50and including115.2122.97.727.43including117.0122.95.931.30AX-25-82124.070.046.017.43including49.557.07.593.17including52.052.80.8731.00Table 2: Collar Locations for drillholes in this releaseHole IDEasting (m)Northing (m)Elevation (m)Depth (m)AzimuthDipAX-25-7864691967082705976178.30-60AX-25-788466304708219675788.40-60AX-25-7984668717083172781260.6320-50AX-25-7994669677083795778269.8180-80AX-25-8014668577082879773243.80-55AX-25-8094673317082971792324.60-60AX-25-8104667437083283775288.0100-60AX-25-8194667437083282775152.0150-60AX-25-821466766708326377879.5120-50Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits from 2025 reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Samples returning >200 g/t Ag (MA250 or MA300) were analysed by mutli-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 50g sample (FA550). If samples returned > 10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available. Historic 2019 Ag samples were analysed at BV by aqua regia digest ICP-ES/MS 37-element AQ200 (2019). Historic 2012 samples were analysed at ALS by 34-element four acid digest ME-ICP61. If samples returned > 100 g/t Ag, a 0.4g sample was analysed by four acid digest ICP-AES Ag-OG62. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 30g sample (Ag-GRA21). Historic 2000 Ag samples were analysed at ALS by ICP-MS Ag 9225.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsSMI Zurich, Switzerland, March 18 -19Italy Roadshow - Milan, March 23Canaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, NV, May 19-21About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.1The 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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion, the economic potential for AurMac, 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, 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 NewswireOriginal: Banyan Intercepts Several New Distinct High-grade Silver Veins, including 3,408 g/t Ag over 1.4 m, at AurMac, Yukon
CA Market News
3月前
Banyan Gold Continues to Intersect High-Grade Gold Mineralization in Airstrip, Yukon, CanadaMarch 10, 2026 6:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 10, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce additional drill results with high-grade gold ("Au") mineralization in the Airstrip Deposit ("Airstrip") at its AurMac Project ("AurMac"), Yukon, Canada.Airstrip Highlights:AX-25-708 - 1.49 g/t Au over 8.8 metres ("m")*, 0.59 g/t Au over 50.1m, 0.62 g/t Au over 28.6m, AND 6.80 g/t au over 9.3m*, within 3.66 g/t Au over 17.6m*; includes high-grade interval of 18.90 g/t Au over 0.4m*, 20.30 g/t Au over 0.3m, and 35.98 g/t Au over 1.6m*AX-25-782 - 2.99 g/t Au over 5.7m including high-grade interval of 13.20 g/t Au over 1.0m, AND 0.47 g/t Au over 32.8m;AX-25-784 - 1.27 g/t Au over 8.5m;AX-25-804 - 1.42 g/t Au over 3.7m, 1.79 g/t Au over 1.4m, and 1.94 g/t Au over 8.9m, all within 0.50 g/t Au over 102.7m.*Note: some intervals for AX-25-708 previously reported in news release dated November 13, 2025 - portion of assays were pending at the time"These results indicate ongoing improvement in the continuity of high-grade gold mineralization associated with skarn-style alteration within the Airstrip deposit," said Tara Christie, President and CEO. "With our exploration season underway with four drills turning and a fifth set to begin shortly, we are confident that our 2026 drill program will be transformative, building on the successful targeting of high-grade gold and silver achieved in 2025.""Step out intersections at the edges of the conceptual pit, specifically AX-25-784 and AX-25-804, demonstrate significant potential for converting a substantial portion of waste blocks into ore in our upcoming Mineral Resource Estimate ("MRE") update and extending the mineralized envelope (see Figure 2)," stated Duncan Mackay, Vice President of Exploration. "In 2025, 70 drillholes returned assays [from Airstrip] successfully intersected strongly mineralized intervals. The high success rate of drilling in Airstrip demonstrates the consistent nature of mineralization within the deposit, further de-risking the project as we continue improving mineral domain continuity and expanding the indicated resource footprint. There are results from 56 drill holes from the 2025 program pending."Figure 1: Plan map of highlight gold intersections at AurMac. Figure 2: Cross-section 467000mE in Airstrip (See Figure 1). High-grade mineralization associated with calc-silicate alteration in Cal 1 and Cal 2 (orange units above) indicates the potential for substantial waste block conversion and extension of the mineralized envelope with continued drilling towards hole AX-25-807 (see news release dated February 8, 2026). Figure 3: Diamond drill core from AX-25-804. Calc-silicate alteration or skarn associated with sulphide replacement mineralization hosts high-grade gold mineralization typical of the Airstrip Deposit (See Figure 2). Figure 4: Cross-section 466775mE (See Figure 1) in Airstrip. High-grade gold mineralization intersected in AX-25-784 has potential to convert up-dip waste blocks in the Airstrip deposit and highlights the potential for near-surface high-grade mineralization. Figure 5: Cross-section 467875mE (See Figure 1) in Airstrip. High-grade gold mineralization intersected in AX-25-795 and -792 is situated in a 500m step-out from the main deposit area within a conceptual satellite pit. Domains intersected here have potential to significantly expand the mineralized footprint of Airstrip as well as the potential to convert up-dip waste blocks and highlight the potential for near-surface high-grade mineralization, warranting further exploration along strike of the main deposit. Table 1: Diamond drillhole assay intercepts for Airstrip in this releaseHOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-66377.588.010.50.31and98.5100.01.50.43and177.5198.220.70.34including193.1194.61.52.60and242.5243.20.70.33AX-25-68099.9101.21.30.30and222.6256.433.80.24including222.6223.61.01.63and301.1308.87.70.71including301.1302.00.93.81AX-25-708*24.025.51.50.44and*49.558.38.81.49including*57.158.31.27.60including*57.958.30.418.90and84.4134.550.10.59including91.191.40.320.30and including104.9133.528.60.62including132.2132.60.412.10and*163.9181.517.63.66including*164.8174.19.36.80including*171.9173.51.635.98AX-25-7188.126.218.10.41including21.823.21.42.93and66.067.11.10.31AX-25-72657.958.91.01.96AX-25-7334.313.49.10.42including10.712.01.31.12and106.7108.21.50.31and122.0123.01.00.88AX-25-738106.4107.10.70.34and121.2124.02.80.46and164.5188.524.00.28including174.8175.81.01.06and188.0188.50.50.94AX-25-74025.026.51.50.30and86.187.21.11.37and98.1100.01.90.72AX-25-74525.529.54.00.40and47.549.01.50.30and144.5146.01.50.36and151.5175.524.00.29including174.1175.51.41.95and206.0220.514.50.46including210.0211.51.51.30and244.0249.05.01.18including244.0245.01.05.14AX-25-75331.533.11.60.56and90.9118.928.00.36including90.992.41.51.08and including112.1116.64.50.54and142.9167.925.00.62including146.0167.921.90.66and183.1184.41.30.61and198.6201.73.10.77including199.6200.20.62.14and222.5224.01.50.30AX-25-77881.082.51.50.58and88.097.09.00.34and102.7103.50.81.23and113.5114.40.90.69and172.3179.16.80.37and191.4192.71.30.34and201.6202.71.10.43AX-25-78215.216.81.60.45and25.826.91.10.53and32.040.68.60.33including32.036.54.50.44and50.353.33.00.49and67.873.75.90.52including67.868.40.63.01and81.081.40.40.82and111.9117.65.72.99including114.6117.63.05.30including114.6115.61.013.20and152.9185.732.80.47including181.3182.81.53.30and211.4215.44.00.36and221.0222.51.51.06AX-25-7843.011.58.51.27including3.07.64.62.02and42.544.41.90.71including43.744.40.71.33and59.060.51.50.82AX-25-78536.237.21.00.35and39.841.21.40.40and54.055.41.40.31AX-25-7878.910.11.22.75and34.836.31.50.30and51.052.51.50.56AX-25-78916.017.51.50.35and46.153.17.01.11including46.150.14.01.78including49.150.11.04.44and88.1121.133.00.30including88.197.29.10.58including88.188.70.64.07and127.5129.01.50.35and156.5161.04.50.37AX-25-79583.490.97.50.29and118.7134.115.40.38including124.0134.110.10.40AX-25-80417.019.32.30.37and25.326.81.50.30and48.349.81.50.40and83.8186.5102.70.50including85.389.03.71.42and including101.6103.01.41.79and including114.7123.68.91.94including117.4119.21.86.65and including153.5154.51.05.04and including179.7180.40.78.77and204.5237.933.40.28including215.0220.45.40.92including220.0220.40.45.22Note: Calculated true widths for drillholes are approx. 90% of reported drill widths.
Calculated true width for AX-25-782 is approx. 40% of reported drill widths.
*Portions of drillhole AX-25-708 were awaiting further re-assay and some intervals have been previously released (see news release dated November 13, 2025).Table 2: Collar Locations for drillholes in this releaseHOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-6634679327083936794249.90-60AX-25-6804675027083482792373.40-60AX-25-7084670017083858772190.50-60AX-25-718466561708404973767.10-60AX-25-7264672977084051790115.80-60AX-25-7334677447083895792140.50-60AX-25-7384663897083902717201.20-60AX-25-7404663787083954715157.00-60AX-25-7454666047083702747257.60-60AX-25-7534667077083777759234.80-60AX-25-7784665407083920733202.70-60AX-25-7824668147084002771251.5170-75AX-25-784466741708407076365.50-60AX-25-785466793708407076665.50-60AX-25-787466704708407275765.50-60AX-25-7894677957084042793202.70-60AX-25-7954678837084089792146.30-60AX-25-8044669997083799779248.40-60Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsSMI Zurich, Switzerland, March 18 -19Italy Roadshow - Milan March 23About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.[1]The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. 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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion, the potential for the 2026 drill program to be transformative, 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, 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.[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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Gold Continues to Intersect High-Grade Gold Mineralization in Airstrip, Yukon, Canada
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3月前
CORRECTION: Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, CanadaFebruary 26, 2026 11:30 AM
ACCESS NewswireThis Press Release updates the images which were incorrect in the prior version VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 26, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce high-grade gold ("Au") mineralization and associated visible gold ("VG") in central Powerline Deposit ("Powerline") at its AurMac Project ("AurMac"), Yukon, Canada.Powerline Highlights:AX-25-801 - 1.70 g/t Au over 5.8m, within 0.79 g/t au over 20.4m; includes high-grade interval of 14.10 g/t Au over 0.4m;AX-25-814 - 1.57 g/t Au over 6.6m, within 0.39 g/t Au over 98.6mAX-25-819 - 1.82 g/t Au over 26.2m and 4.64 g/t Au over 7.7m, within 1.06 g/t Au over 49.6m; includes high-grade interval of 19.90 g/t Au over 1.5m;AX-25-821 - 2.10 g/t Au over 14.0m and 5.08 g/t Au over 5.0m"The continued discovery of high-grade mineralization, which is often associated with visible gold, demonstrates the continuity of the mineralized domains and emphasizes the high-grade potential in the core of the Powerline Deposit," said Tara Christie, President and CEO. "Our drill program for 2026 is underway with five drills on-site. As we continue to receive results from the 2025 drill program, we anticipate an active news cycle in the coming months."Figure 1: Plan map of highlight gold intersections at AurMac. Figure 2: Visible gold intersections in drillholes from Central Powerline. Top left - AX-25-801 - 81.4m. Top Right - AX-25-819 - 118.3m. While visible gold at Powerline is typically (but not always) indicative of high-grade intervals, the potential for heterogeneous gold distribution in a recovered drill core and analyte material processed by the laboratory means not all instances of visible gold will be reflected in high-grade assay results. Figure 3: Cross-section A-B in Central Powerline (See Figure 1). High-grade mineralization in AX-25-819 and -821 has the potential to extend mineralized domains below the conceptual pit boundary from the 2025 Mineral Resource Estimate ("MRE"). Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the MRE. Figure 4: Cross-section 466850mE in Powerline (See Figure 1). Mineralization in AX-25-801 has the potential to extend high-grade mineralization, convert waste blocks and flatten the conceptual pit floor. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate. Figure 5: Diamond drill core from AX-25-801. discordant quartz veins with accessory Bi-sulphosalts, aresenopyrite, and visible gold (See Figure 2). Figure 6: Cross-section 466950mE (See Figure 1) in Powerline. High-grade gold mineralization intersected in AX-25-814 highlights the continuity and potential for up-dip and down-dip extensions of mineralized domains and convert waste blocks. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate. Table 1: Diamond drillhole assay intercepts for Powerline in this releaseHOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-8018.012.54.50.77including8.09.51.51.89and34.536.01.50.31and44.346.01.70.67and58.096.138.10.30including75.085.810.80.57and119.4154.034.60.60including119.4120.00.64.16including132.6153.020.40.79including147.2153.05.81.70including147.2147.60.414.10and181.7184.22.50.76including181.7182.20.52.38and213.5222.59.00.35and237.8238.60.80.33AX-25-81431.932.60.71.94and44.4143.098.60.39including44.444.70.317.11and including56.357.81.51.56and including71.882.010.21.37including75.476.10.77.06and including95.8112.817.00.38and185.6201.015.40.67including195.9197.41.54.92and239.5241.21.70.46and247.1248.00.90.31and268.1268.70.60.77AX-25-81966.680.313.70.35including66.668.11.51.64and including79.980.30.42.93and99.9149.549.61.06including104.4130.626.21.82including106.8107.20.44.24and including115.2122.97.74.64including117.9122.95.06.58including121.4122.91.519.90AX-25-82143.057.014.02.10including52.057.05.05.08including55.557.01.514.90Note: Calculated true widths for AX-25-801, -814 and -820 are approx. 90% of reported drill widths. Calculated true widths for AX-25-819 and -821 are approx. 45% of reported drill widths.Table 2: Collar Locations for drillholes in this releaseHOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-8014668577082879773243.80-55AX-25-8144669407082910775272.80-52AX-25-8194667437083282775152.0150-60AX-25-821466766708326377879.5120-50Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsMetals Investor Forum Toronto, February 27 - 28Corporate Presentation: February 27, 6:00 PM ETYukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto, March 2, 7 AM - 9 AM ET7:00 AM to 9 AM ETPDAC, Toronto, March 1 - 4, 2026Exhibitor Booth No. 2213, March 1 - 21x1 Meetings, Level 300, March 1-3SMI Zurich, Switzerland, March 18 -19Italy Roadshow - Milan, Rome, March 23 - 27About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.[1]The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; 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, 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.[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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: CORRECTION: Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada
CA Market News
3月前
Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, CanadaFebruary 26, 2026 3:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 26, 2026 / Banyan Gold Corp . (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce high-grade gold (" Au ") mineralization and associated visible gold ("VG") in central Powerline Deposit ("Powerline") at its AurMac Project ("AurMac"), Yukon, Canada.Powerline Highlights:AX-25-801 - 1.70 g/t Au over 5.8m , within 0.79 g/t au over 20.4m; includes high-grade interval of 14.10 g/t Au over 0.4m;AX-25-814 - 1.57 g/t Au over 6.6m , within 0.39 g/t Au over 98.6mAX-25-819 - 1.82 g/t Au over 26.2m and 4.64 g/t Au over 7.7m , within 1.06 g/t Au over 49.6m; includes high-grade interval of 19.90 g/t Au over 1.5m;AX-25-821 - 2.10 g/t Au over 14.0m and 5.08 g/t Au over 5.0m"The continued discovery of high-grade mineralization, which is often associated with visible gold, demonstrates the continuity of the mineralized domains and emphasizes the high-grade potential in the core of the Powerline Deposit," said Tara Christie, President and CEO. "Our drill program for 2026 is underway with five drills on-site. As we continue to receive results from the 2025 drill program, we anticipate an active news cycle in the coming months." Figure 1: Plan map of highlight gold intersections at AurMac.Figure 2: Visible gold intersections in drillholes from Central Powerline. Top left - AX-25-801 - 81.4m. Top Right - AX-25-819 - 118.3m. While visible gold at Powerline is typically (but not always) indicative of high-grade intervals, the potential for heterogeneous gold distribution in a recovered drill core and analyte material processed by the laboratory means not all instances of visible gold will be reflected in high-grade assay results. Figure 3: Cross-section A-B in Central Powerline (See Figure 1). High-grade mineralization in AX-25-819 and -821 has the potential to extend mineralized domains below the conceptual pit boundary from the 2025 Mineral Resource Estimate ("MRE"). Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the MRE. Figure 4: Cross-section 466850mE in Powerline (See Figure 1). Mineralization in AX-25-801 has the potential to extend high-grade mineralization, convert waste blocks and flatten the conceptual pit floor. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate. Figure 5: Diamond drill core from AX-25-801. discordant quartz veins with accessory Bi-sulphosalts, aresenopyrite, and visible gold (See Figure 2). Figure 6: Cross-section 466950mE (See Figure 1) in Powerline. High-grade gold mineralization intersected in AX-25-814 highlights the continuity and potential for up-dip and down-dip extensions of mineralized domains and convert waste blocks. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate.Table 1: Diamond drillhole assay intercepts for Powerline in this releaseHOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-8018.012.54.50.77including8.09.51.51.89and34.536.01.50.31and44.346.01.70.67and58.096.138.10.30including75.085.810.80.57and119.4154.034.60.60including119.4120.00.64.16including132.6153.020.40.79including147.2153.05.81.70including147.2147.60.414.10and181.7184.22.50.76including181.7182.20.52.38and213.5222.59.00.35and237.8238.60.80.33AX-25-81431.932.60.71.94and44.4143.098.60.39including44.444.70.317.11and including56.357.81.51.56and including71.882.010.21.37including75.476.10.77.06and including95.8112.817.00.38and185.6201.015.40.67including195.9197.41.54.92and239.5241.21.70.46and247.1248.00.90.31and268.1268.70.60.77AX-25-81966.680.313.70.35including66.668.11.51.64and including79.980.30.42.93and99.9149.549.61.06including104.4130.626.21.82including106.8107.20.44.24and including115.2122.97.74.64including117.9122.95.06.58including121.4122.91.519.90AX-25-82143.057.014.02.10including52.057.05.05.08including55.557.01.514.90Note: Calculated true widths for AX-25-801, -814 and -820 are approx. 90% of reported drill widths. Calculated true widths for AX-25-819 and -821 are approx. 45% of reported drill widths.Table 2: Collar Locations for drillholes in this releaseHOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-8014668577082879773243.80-55AX-25-8144669407082910775272.80-52AX-25-8194667437083282775152.0150-60AX-25-821466766708326377879.5120-50Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsMetals Investor Forum Toronto, February 27 - 28Corporate Presentation: February 27, 6:00 PM ETYukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto, March 2, 7 AM - 9 AM ET7:00 AM to 9 AM ETPDAC, Toronto, March 1 - 4, 2026Exhibitor Booth No. 2213, March 1 - 21x1 Meetings, Level 300, March 1-3SMI Zurich, Switzerland, March 18 -19Italy Roadshow - Milan, Rome, March 23 - 27About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; 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, 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.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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada
CA Market News
4月前
Banyan Gold Commences Fully Funded 40,000+ Metre Diamond Drill Program at AurMac Project, YukonFebruary 19, 2026 6:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 19, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce commencement of the 2026 diamond drilling and exploration program at its AurMac Project ("AurMac" or the "Project") in the Tombstone Gold Belt, Yukon. The fully funded 40,000 metre ("m") campaign will include:Four drills at AurMac focused on project advancement work and exploration drilling aimed at expanding the mineralized envelope of Airstrip and Powerline, following up on high grade gold and high grade silver zones.Exploration drilling on Banyan's largely unexplored regional projects at AurMac and Nitra, with a primary focus on discovery of additional expressions of Reduced Intrusion-Related Gold Systems ("RIRGs") with testing of geophysical and geochemical targets from both our seasoned geologists and AI guided analysis of all geological data."We're excited to kick off the 2026 exploration season with strong momentum and a clear roadmap for value creation and discovery," said Duncan Mackay, Vice President of Exploration. "The success of our 2025 results laid a solid foundation for this year's drilling, which focuses on further defining higher-grade mineralized domains at Airstrip and Powerline. Both deposits remain open in all directions, exhibiting significant potential for expansion. By integrating geophysical datasets with compelling soil geochemical anomalies across our largely untested 720 square kilometer land package, we see significant opportunities for new discoveries, particularly on the 10 targets we have identified that have never been drilled on our Nitra and broader AurMac property."2026 EXPLORATION PLANSAirstrip and Powerline:Approximately 80% of the 2026 drill budget will be allocated to project advancement at Airstrip and Powerline which host 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 M oz of Au (280.6 M tonnes at 0.60 g/t ) using a $2050 USD gold price (as defined in the CIM Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101; see news release August 20. 2025¹). Diamond drilling will also test potential for expansion of the known mineralized system at both deposits along strike and down-dip of known mineralized domains.(1) See Table 1 belowFigure 1: Project Location Map for Banyan's AurMac and Nitra projects. Banyan has identified 10 highly prospective targets on its broader Nitra and AurMac property, distal to the existing Resource. AurMac and Nitra:Regional targets have also been identified using new geophysical surveys in combination with soil sampling anomalies. Approximately 20% of the drill program will be testing RIRGs potential at these high priority targets. Over 95% of AurMac and Nitra has not been tested by drilling to date; the majority of exploration is limited to surficial geochemical work and airborne geophysical surveys. The western portion of Nitra (see "Green Fields" target in Figure 1) is approx. 20km south-east of Sitka Gold's RC Gold Project, within the prolific Tombstone Gold Belt which hosts the Brewery Creek deposit, Snowline Gold's Valley Project, Prospector Metal's ML project, the Eagle mine, and the Fort Knox mine.Drilling will be complemented by surface sampling, geophysical surveys, ongoing metallurgical work, geotechnical work and environmental surveys, along with scoping and engineering studies required for a preliminary economic assessment of the project in Q4-2026.Upcoming EventsFlorida Roadshow, - Boca Raton, Miami, February 19 - 20BMO 35rd Global Metals, Mining & Critical Minerals Conference, Hollywood, FL, February 22 - 25Metals Investor Forum Toronto, February 27 - 28Corporate Presentation: February 27, 6:00 PM ETYukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto, March 2, 7 AM - 9 AM ET7:00 AM to 9 AM ETPDAC, Toronto, March 1 - 4Exhibitor Booth No. 2213, March 1 - 21x1 Meetings, Level 300, March 1 - 3SMI Zurich, Switzerland, March 18 - 19Italy Roadshow - Milan, Rome, March 23 - 27Qualified PersonsDuncan Mackay, M.Sc., 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 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.About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 1: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes 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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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, 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, 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.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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Gold Commences Fully Funded 40,000+ Metre Diamond Drill Program at AurMac Project, Yukon
CA Market News
4月前
Banyan Gold Intersects High-Grades and Visible Gold at AurMac, Yukon, CanadaJanuary 27, 2026 11:35 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / January 27, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce it has intersected high-grade gold ("Au") mineralization in the Airstrip Deposit ("Airstrip") and Aurex Hill Zone ("Aurex Hill") at its AurMac Project ("AurMac"), Yukon, Canada.Aurex Hill Intersections (East Powerline Deposit) Highlights:AX-25-796 - 0.84 g/t Au over 38.9m within 0.64 g/t Au over 76.0m; including high-grade intervals of 26.35 g/t Au over 0.5m,AX-25-802 - 2.82 g/t Au over 11.8m within 0.78 g/t Au over 51.1m; including high-grade interval of 7.26 g/t Au over 4.3mAirstrip Intersections Highlights:AX-25-720 - 1.10 g/t Au over 6.5m within 0.30 g/t Au over 38.9m; includes high-grade intervals of 16.70 g/t Au over 0.4m and 13.80 g/t Au over 1.0m,AX-25-731 - 2.27 g/t Au over 5.0m, within 1.24 g/t Au over 11.0m; includes high-grade interval of 14.10 g/t Au over 0.5m,AX-25-758 - 0.90 g/t Au over 18.9m, within 0.51 g/t Au over 43.8m; includes 17.14 g/t Au over 0.3m,AX-25-792 - 4.25 g/t Au over 3.3m within 0.60 g/t Au over 37.6m; includes 14.60 g/t Au over 0.5m"The high-grade gold mineralization in the Aurex Hill zone (East Powerline Deposit) and the Airstrip Deposit reinforces our understanding of the high-grade mineralization and achieves the objective of targeting areas suitable for starter pits," said Tara Christie, President and CEO. "In the Aurex Hill zone, high-grade sheeted quartz veins show potential for further expansion of the deposit, while the high-grade structures (marl) with brecciated quartz represent a new drill target (Figure 4). In Airstrip, the skarn mineralization in Cal 2 (lower horizon) shows consistent high-grade gold mineralization with holes AX-25-792 and AX-25-731, indicating the potential for eastward expansion at Airstrip (Figure 7 and 10)."The high-grade gold drill core from Airstrip, Powerline and the very high-grade silver drill core (News release, January 22, 2026) will be available to view at the AMEBC roundup core shack #823 on January 28-29th, 2026.Figure 1: Plan map of highlight gold intersections in Aurex Hill Figure 2: Cross-section 468850E in Aurex Hill. High-grade mineralization in AX-25-802 has potential to convert waste blocks and extend mineralized domains that are open up and down dip as well as along strike. Figure 3: Cross-section 469050E in Aurex Hill Zone has potential to extend high-grade mineralization in satellite pits in east Powerline. Figure 4: High-grade gold mineralization in AX-25-802 is associated with zones of marl with associated brecciated quartz veins. Figure 5: Sheeted quartz veins in AX-25-796 host high-grade gold mineralization and visible gold. Figure 6: Visible gold grains from drillholes AX-25-796. Multiple instances of visible gold intergrown with Bi-Sulphosalts were intersected at 42.3m (left) and 115.1m (right). These examples of coarse-grained gold mineralization in sheeted quartz veins are typical of Powerline-style mineralization, indicating near-surface high-grade mineralized domains have potential to be expanded in the Aurex Hill area east of Powerline. Figure 7: Plan map of highlight intersections in Airstrip for this release. Figure 8: Cross-section 466400E in Airstrip. Skarn mineralization intersected in drill holes AX-25-747 have potential to expand conceptual pit to the south and west of Airstrip. Figure 9: Cross-section 466800E in Airstrip. Skarn mineralization inAX25-756 and -758 have potential to convert waste blocks at southern edge of the conceptual pit as well as improve continuity of the Cal 1 horizon. Figure 10: Cross-section 467900E in Airstrip. Intersection in drillhole AX-25-792 has potential to extend conceptual satellite pit in the east of Airstrip Table 1: Diamond drillhole assay intercepts for Aurex Hill in this releaseHole IDdepth from (m)depth to (m)Au Interval (m)Au Interval (g/t)AX-25-75926.274.047.80.66including29.231.22.06.85including30.231.21.09.72and including51.452.71.37.55and93.594.51.00.57and108.0109.51.50.69AX-25-76533.538.04.51.66including33.536.53.02.13and51.055.04.00.62and78.580.01.50.53and93.294.51.31.77and123.2124.71.50.42and135.5137.01.50.57AX-25-76826.041.215.20.47including38.039.61.61.77and58.370.812.50.49including58.359.71.42.19and120.9122.92.00.86including120.9122.11.21.16and175.4176.61.20.31AX-25-7963.054.251.20.42including3.06.13.12.55and including30.030.40.41.65and including41.254.213.00.46including53.554.20.73.06and76.2152.276.00.64including81.392.511.21.07including81.382.00.76.74and including91.092.51.54.89and including105.2144.138.90.84including105.2105.60.47.29and including115.1115.60.526.35and including125.0125.60.65.57and including127.7138.410.70.62and176.3176.80.510.03AX-25-80211.518.87.30.29and23.527.64.10.27and36.438.01.60.45and51.852.70.90.88and85.688.22.60.44and107.0108.51.50.42and131.4182.551.10.78including154.2166.011.82.82including161.7166.04.37.26including164.5166.01.512.60 Table 2: Diamond drillhole assay intercepts for Airstrip in this releaseHOLE NUMBERdepth fromdepth toAu Interval (m)Au Interval (g/t)AX-25-68615.016.51.50.66and52.670.217.60.33including52.653.91.31.14and91.5112.420.90.64including91.5103.512.00.98and138.2148.510.31.03including143.1144.41.35.22and172.0173.51.50.32and186.0196.510.50.31AX-25-68919.320.41.10.51and74.576.01.50.68and87.6115.828.20.37including106.0107.41.41.97and146.5167.420.90.33and186.2189.12.90.96including186.2187.61.41.18AX-25-69115.517.01.50.42and105.5131.526.00.39including113.0122.59.50.77and149.0243.294.20.54including157.6182.224.60.35and including198.4220.822.40.52including220.4220.80.46.82and including240.1242.32.29.09including241.0241.60.614.10and262.8272.910.10.69including267.1268.51.43.49AX-25-72012.951.838.90.30including45.351.86.51.10including45.345.60.314.40and82.484.92.59.81including82.482.80.416.70and including83.984.91.013.80AX-25-73136.247.211.01.24including37.742.75.02.27including38.639.10.514.10and73.874.40.60.91and79.080.51.50.40AX-25-742124.4126.01.60.36and143.5150.06.50.73including149.0150.01.03.12and176.0180.54.50.65and201.6202.50.90.53and208.0210.72.70.39and218.6220.21.60.39and235.2237.01.88.27including235.2235.80.625.40AX-25-74756.863.46.60.57including61.963.41.51.70and86.0101.415.40.61including92.994.21.34.66and112.5114.21.70.89and142.3213.671.30.50including142.3143.20.93.38and including161.5162.61.11.54and including189.0212.223.20.83including191.2194.63.43.25and including211.2212.21.04.75and234.7236.72.00.30AX-25-74981.582.00.50.32and100.5102.52.00.83and119.0132.613.60.28and149.1167.318.20.56including149.1151.01.92.86and including163.0164.61.61.02and211.4218.57.10.43and227.3233.36.00.31AX-25-75664.1131.667.50.35including66.670.23.60.90and including87.290.23.01.00and including110.3126.015.70.55including125.0126.01.03.81and149.9171.922.00.34including164.7167.42.71.24and189.7191.21.50.49AX-25-75853.061.08.00.45including59.461.01.61.89and81.782.81.11.35and91.292.41.20.46and95.295.80.60.56and135.2179.043.80.51including160.1179.018.90.90including160.1160.40.317.14and including174.4175.30.94.64and200.7203.02.30.51AX-25-762B7.59.01.50.76and65.376.210.91.13including66.673.26.61.41including68.169.31.24.64and93.8139.145.30.29including107.3108.41.11.68and including121.9135.513.60.39and174.0178.54.52.03including175.9178.52.63.14including175.9176.20.319.60and205.6206.00.40.88and212.2213.31.10.32and215.8217.82.00.57and233.5235.01.50.36and246.0247.51.50.33and250.5252.01.50.38and255.0256.51.50.33and258.0259.51.50.33and275.9277.51.60.32and285.6291.55.90.82including285.6287.01.42.48AX-25-77525.727.21.50.32and28.730.21.50.35and112.1114.62.50.54and133.1185.852.70.47including153.0153.40.41.57including170.0185.815.81.09including175.6185.810.21.58including175.6178.93.32.68and213.5215.92.40.42and223.0224.01.00.87and242.6243.40.81.30and277.5278.51.00.32and313.1314.61.50.57AX-25-78013.081.368.30.40including28.031.53.51.33and including76.081.35.32.12including80.280.60.417.10AX-25-79252.455.43.01.22including52.453.91.51.98and129.1130.61.50.31and135.1136.61.50.50and141.4143.01.60.30and160.2197.837.60.60including177.4180.73.34.25including177.4178.91.58.43including177.4177.90.514.60and including196.7197.81.13.59Note: Calculated true widths are approx. 90% of reported drill widths.Table 3: Collar Locations for drillholes in this releaseHOLE IDEASTING (m)NORTHING (m)ELEVATION (m)Depth (m)AzimuthDipAX-25-6864673137083850787199.60-60AX-25-6894672857083788786231.70-60AX-25-6914671907083765785274.30-60AX-25-720466562708400373691.40-60AX-25-731467700708397679285.30-60AX-25-7424665037083708728251.50-60AX-25-7474663827083763726251.50-60AX-25-7494663087083817713256.00-60AX-25-7564667067083821756201.20-60AX-25-7584667747083743763278.80-60AX-25-7594696217082616988147.80-60AX-25-762B4668027083830765310.90-60AX-25-7654696807082559992175.30-60AX-25-7684697357082563994196.60-60AX-25-7754668557083774767326.1335-53AX-25-7804668127084016770150.90-60AX-25-7924678827083972794202.70-60AX-25-7964690577082690965189.00-60AX-25-8024688497082657943185.90-60Analytical Method and Quality Assurance/Quality Control MeasuresAll diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.Qualified PersonsDuncan Mackay, M.Sc., 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 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 EventsAME Roundup, Vancouver, January 28 - 29Core Shack Booth 823Money Talks: World Outlook Financial Conference, Vancouver, February 6 - 7121 Mining Investment, Cape Town, February 9 - 10African Mining Indaba, Cape Town, February 9 - 12BMO 35rd Global Metals, Mining & Critical Minerals Conference, Hollywood, FL, February 22 - 25About BanyanBanyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces 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 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres 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.Table 4: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac ProjectDepositGold Cut-Off (g/t)Tonnage
(M Tonnes)Average Gold Grade (g/t)Contained Gold (Moz)Indicated MRE Airstrip0.3027.70.690.611Powerline0.3084.80.611.663Total Combined Indicated MRE0.30112.50.632.274Inferred MRE Airstrip0.3010.10.750.245Powerline0.30270.40.605.208Total Combined Inferred MRE0.30280.60.605.453Notes to Table 3: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.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") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. 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. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ?ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.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 100% owned and operated by Banyan and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.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 & CEOFor more information, please contact:Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.comCAUTIONARY 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 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 potential for resource expansion; the potential to convert inferred resources into indicated resource, 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, 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.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.SOURCE: Banyan Gold Corp.View the original press release on ACCESS NewswireOriginal: Banyan Gold Intersects High-Grades and Visible Gold at AurMac, Yukon, Canada