Banyan Gold drills 3.66 g/t gold over 17.6 metres and extends high-grade mineralization at Airstrip Deposit, AurMac Project, Yukon
Banyan Gold Corp. [TSXV: BYN; OTCQB: BYAGF] continues to intersect high-grade mineralization in Airstrip and extend the high-grade domains at its AurMac Project, Yukon Territory.
Highlights: AX-25-708 returned 3.66 g/t Au over 17.6 metres, including 6.80 g/t Au over 9.3 metres, with high-grade interval of 35.98 g/t Au over 1.6 metres.
AX-25-640: 1.25 g/t Au over 5.4m within 0.72 g/t Au over 13.0m. AX-25-703: 2.04 g/t Au over 11.4m, including 3.60 g/t Au over 5.6m with a high-grade interval of 7.98 g/t Au over 1.2m.
AX-25-711: 1.25 g/t Au over 7.00m. AX-25-712: 1.36 g/t Au over 15.3m, including 1.87 g/t Au over 9.1m. AX-25-714: 1.12 g/t Au over 18.4m including 2.12 g/t Au over 6.7m and 1.49 g/t Au over 4.6m.
“These results continue to highlight the >1g/t Au near-surface mineralized domains in AurMac,” said Tara Christie, Banyan President and CEO.
“We continue to see strong replacement (skarn) style mineralization at Airstrip in the lower calcareous metasedimentary unit that contacts the felsic dyke (Cal 2) that was intersected in hole AX-25-650,” stated Duncan Mackay, Vice President of Exploration. “Extending very high-grade mineralization over 100 metres down dip with an interval of 35.98 g/t Au over 1.6m (calculated true thickness is approx. 1.5m) highlights the potential to continue to add ounces to the Airstrip deposit and improve areas of the existing Mineral Resource Estimate. The high-grade core of Airstrip associated with the felsic dyke contact now extends over 500m along strike and nearly 300m down dip.”
The Board of Directors of the company have granted 230,000 stock options to purchase 230,000 shares at an exercise price of $0.91 per share with a vesting period of up to 18 months with a five-year term.
The stock options are being issued to consultants, advisors and exploration staff of the company. The options were granted under and are subject to the terms and conditions of the company’s stock option plan.
Banyan’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 (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 CIM Standards. The 303 km2 AurMac Project lies 40 km from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage.
In addition to the AurMac Project, the company holds the Hyland Gold Project, located 70km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt 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 km2), accessible by a network of existing gravel access roads.
The updated MRE comprises an Indicated Mineral Resource of 337,000 ounces of gold and 2.63 million oz of silver (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 CIM Standards 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 10km west of the AurMac Gold Project. The Nitra Project 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 and covers approximately 313.9 km2. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4×4 roads.