Banyan Gold expands high-grade domains at Powerline deposit, AurMac Project, Yukon Territory
Banyan Gold Corp. [TSXV: BYN; OTCQB: BYAGF] reported that it has intersected high-grade gold mineralization in the Powerline Deposit west of the main high-grade core. These diamond drill intersections highlight new expansion potential and domains in a portion of Powerline, AurMac Project, Yukon Territory, Canada.
Highlights from Powerline West: AX-26-833 – 0.79 g/t Au over 13.9 metres and 1.94 g/t Au over 7.6 metres.
AX-26-834 – 1.38 g/t Au over 7.7 metres within 0.61 g/t Au over 21.1 metres. AX-26-841 – 1.00 g/t Au over 13.7 metres within 0.47 g/t Au over 41.3 metres. AX-26-844 – 0.79 g/t Au over 12.5 metres.
AX-26-854 – 1.12 g/t Au over 13.1 metres within 0.72 g/t Au over 24.6 metres. AX-26-861 – 1.06 g/t Au over 9.6 metres within 0.62 g/t Au over 20.0 metres; including a high-grade interval of 6.29 g/t Au over 1.0 metre.
“Banyan Gold has intersected new high-grade domains in Powerline West and visible gold in the initial drillholes of “he season,” stated Tara Christie, CEO and President. “With our new MRE and upgraded 3D model we are able to identify and target new domains in areas of the deposit that have not been drilled in several years. High-grade domains have been identified just outside of the conceptual pit boundary for the 2026 MRE, indicating potential for up-dip and along-strike expansion of these zones.“
Expanded mineralized domains associated with altered metasedimentary rocks hosting cross-cutting sheeted veins have been identified in drilling from 2026 in Powerline West. Previous drilling in the area was completed at 100-metre spacing, which resulted in few mineralized domains being identified. Intersecting visible gold in the first drillhole of the season, in an area previously characterized by limited high-grade mineralization, is promising for the potential to upgrade the domains as continuity is tested for indicated conversion. Additionally, it identifies potential new domains below the conceptual pit floor and north and west of the pit boundary.
Banyan’s primary asset, the AurMac Project is located in the Traditional Territory of the First Nation of Na-Cho Nyäk Dun, in Canada’s Yukon Territory. The AurMac Project comprises two main deposits, the Airstrip and Powerline Deposits. Mineralization is characteristic of a Reduced Intrusion Related Gold system, hosted in auriferous cross-cutting sheeted quartz veins and replacement style mineralization hosted in skarn horizons. 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 (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)
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 69 kVA 3-phase powerline, existing power substation 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 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 at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118,000 ounces of gold and 0.86 M oz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag) as defined in the 2014 CIM standards.
Banyan also holds the Nitra Gold Project and Seattle-Goodman Creek Project which are grassroots exploration projects located in the Mayo Mining district, adjacent to the AurMac Gold Project. These properties lie in the northern part of the Selwyn Basin and are 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 properties including the Morrison Creek and Minto Creek stocks. The properties are 100%-owned by Banyan and cover over 530 km2. The properties are accessible by road along the Silver Trail Highway, South McQuesten Road and a network of other smaller roads across the properties.
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