Banyan Gold further extends Powerline mineralization beyond existing resource at AurMac Project, Yukon
Banyan Gold Corp. [TSXV: BYN; OTCQB: BYAGF] continues to expand and upgrade the Powerline Deposit at its AurMac Project, First Nation of Na-Cho Nyäk Dun Traditional Territory, Yukon. The diamond drillholes reported here intersected new high-grade domains extending Powerline mineralization to a new area southwest of the main deposit and demonstrating the continuity of high-grade in the central Powerline deposit and between the Airstrip Deposit.
Highlights: AX-25-690 – 1.15 g/t Au over 10.5 metres within 0.74 g/t Au over 45.5 metres, including high-grade intervals of 6.82 g/t Au over 1.9 metres and 9.75 g/t Au over 1.0 metre. AX-25-694 – 4.27 g/t Au over 2.0m within 0.62 g/t Au over 28.6m. AX-25-724 – 4.60 g/t Au over 5.9m within 0.64 g/t Au over 55.4m; including high-grade interval of 14.90 g/t Au over 1.5m. AX-25-728 – 0.86 g/t au over 16.5m and 1.03 g/t au over 6.8m. AX-25-741 – 1.97 g/t Au over 3.3m within 0.29 g/t Au over 78.2m. AX-25-746 – 1.70 g/t Au over 5.7 m within 0.92 g/t Au over 18.8 m. AX-25-748 – 3.41 g/t Au over 0.5m and 0.65 g/t Au over 12.2m within 0.30 g/t Au over 89.1m.
Banyan Gold has completed its 2025 drilling program with 178 holes over 42,700 metres completed; with the last core shipped to the assay lab from camp last week.
“We have successfully intersected high-grade intervals at the Resource pit edge with additional sheeted veins hosting coarse sulphosalts, sulphides and visible gold in follow-up step-outs 100 and 400 metres from known mineralization, with assay results pending (holes AX-25-772 and -779 respectively),” said Tara Christie, Banyan President and CEO. “Our new geologically supported mineralisation model continues to provide opportunities to upgrade portions of our deposit by converting waste blocks to high-grade ore, reducing strip ratios within the conceptual pit and by expanding the mineralized envelope to add ounces.”
Continued drilling at Powerline has successfully confirmed mineralized domains in the core of Powerline, refined and extended mineralization between the Powerline and Airstrip main pits and extended mineralization with potential to convert waste blocks in the southwest 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) which is preferentially hosted in silicified/altered host rocks.
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 (Moz) 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 the CIM NI 43-101 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 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 of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118,000 oz 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).
Banyan also holds the Nitra Gold Project, a grassroots exploration project 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 and covers approximately 313.9 km2. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4×4 roads.