Banyan Drills 46.4 Metres of 1.31 Grams per Tonne Au, Airstrip Deposit, AurMac Project, Yukon, Canada
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Banyan Drills 46.4 Metres of 1.31 Grams per Tonne Au,
Airstrip Deposit, AurMac Project, Yukon, Canada
January 29, 2025, TSX-V: BYN
VANCOUVER, BC, January 29, 2025 - Banyan Gold Corp. (the "Company" or "Banyan") (TSX-
V: BYN) (OTCQB: BYAGF) is pleased to announce an alytical results from nine (9) diamond
drillholes collared within the Airstrip Deposit located on the Company’s AurMac Project, Yukon
Territory. This set of holes targeted the western portion of the Airstrip Deposit (See Figure 2) as
part of the 2024 AurMac definition drilling program.
Highlights from these most recent analytical results include:
• AX-24-597: 36.2 metres (“m”) of 1.14 g/t Au from 20.8 m
• AX-24-598: 21.7 m of 1.35 g/t Au from 51.3 m
• AX-24-600: 23.4 m of 1.35 g/t Au from 36.7 m
• AX-24-602: 65.5 m of 0.53 g/t Au from surface (3.2 m)
• AX-24-604: 46.4 of 1.31 g/t Au from 55.8 m
• AX-24-609: 68.1 m of 0.37 g/t Au from 38.9 m
• AX-24-612: 64.5 m of 0.36 g/t Au from 149.5 m
• AX-24-615: 62.5 m of 0.44 g/t Au from 133.4 m
“These results from the first drilling on the Airstrip deposit since 2021 demonstrate high grade
gold intervals near -surface over appreciable widths , showcasing the potential for resource
expansion,” stated Tara Christie, President and CEO. “Updated interpretations by Banyan based
on ongoing geological modelling and geophysical studies have identified the Airstrip deposit as a
key component for the rapid increase of near-surface high-grade gold ounces at AurMac. These
results underscore its potential.”
Figure 1: AurMac Diamond Drill Grade Thickness Intervals Map . The calculation utilized for
the presentation is Au Grade (g/t) x Interval (m). The grade thickness map was calculated using
ESRI kernel density method. Where a drillhole has multiple intervals, the highest interval is used
in the calculation. Map A: presents all analytical results to January 2024, and Map B presents an
update of all analytical results through this January 29, 2025 news release.
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Summarized analytical results of these drillhole assays are presented in Table 1, collar locations
in Table 2 and Figure 2 identifies drill collar locations, respectively.
The Airstrip Deposit is contained within a metasedimentary package which consists of
predominately schists, quartzites and limestones of the Mississippian age Sourdough Hill Member
of the Keno Hill Formation. Gold mineralization here is chiefly associated with pyrrhotite-bearing
skarn alter ed calcareous schists and with low angle quartz -sulfosalt-arsenopyrite veins seen
crosscutting all lithologies. Gold mineralization is interpreted to be associated with a large
intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.
Figure 2: AurMac drillhole locations. Location of historic and Banyan completed diamond
drillholes used in the Mineral Resource Estimate (“MRE”)* (black and blue dots) and collar
locations of 2024 drilling (yellow, red and green dots).
*MRE effective date of February 6, 2024, details in Table 3.
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Table 1: Highlighted Airstrip Diamond Drill Analytical Results.
Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-24-597 20.8 57.0 36.2 1.14
and 71.7 75.5 3.8 0.49
AX-24-598 26.2 28.0 1.8 4.94
and 51.3 73.0 21.7 1.35
and 88.5 94.5 6.0 4.07
AX-24-600 36.7 60.1 23.4 1.35
and 72.4 79.0 6.7 1.28
AX-24-602 3.2 68.7 65.5 0.53
and 93.5 100.7 7.2 3.75
AX-24-604 24.0 30.7 6.7 0.47
and 55.8 102.2 46.4 1.31
and 143.0 159.5 16.5 0.55
AX-24-607 13.0 42.2 29.2 0.61
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-24-609 38.9 107.1 68.1 0.37
and 121.1 130.5 9.4 0.42
AX-24-612 82.1 97.9 15.8 0.55
and 108.1 114.0 5.9 1.31
and 149.5 214.0 64.5 0.36
and 224.3 228.9 4.6 3.65
AX-24-615 28.0 63.3 35.3 0.33
and 76.7 79.9 3.2 0.64
and 108.7 113.0 4.3 0.37
and 133.4 195.9 62.5 0.44
*True widths are estimated to be approximately 90% of drilled intervals.
Table 2: Drill Collar Location for Released Results
Collar ID
East
NAD83_Z8
North
NAD83_Z8 Elev. (m) Azimuth Dip (°) Depth (m)
AX-24-597 466720 7084005 761 001 -59 131.1
AX-24-598 466703 7083964 759 001 -59 149.4
AX-24-600 466683 7084003 755 352 -62 115.8
AX-24-602 466738 7083949 756 353 -58 136.3
AX-24-604 466664 7083948 749 006 -61 170.7
AX-24-607 466658 7084011 749 358 -58 114.3
AX-24-609 466715 7083901 749 008 -55 175.3
AX-24-612 466774 7083743 759 005 -59 248.7
AX-24-615 466459 7083765 724 357 -61 243.8
Upcoming Events
• Yukon Mining Alliance Vancouver Investor Day, February 19, 2025
• BMO 33rd Global Metals, Mining & Critical Minerals Conference, February 23 - 26, 2025
• Tombstone Gold Rush Breakfast - Fireside Chat - Toronto, March 3, 2025
o 7AM to 9 AM EST
• PDAC, Toronto, March 2 – 5, 2025
o Exhibitor Booth No. 2213, March 2 – 3
• SMI Conference, Zurich, March 18 – 19, 2025
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Analytical Method and Quality Assurance/Quality Control Measures
All drill core splits reported in this news release were analysed by Bureau Veritas of Vancouver,
B.C., utilizing the aqua regia digestion ICP -MS 36-element AQ-200 analytical package with FA-
450 50-gram Fire Assay with AAS finish for gold on all samples. All core samples 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. A robust system of standards, ½ core duplicates and blanks was implemented in the
2024 exploration drilling program and was monitored as chemical assay data became available.
Qualified Persons
Paul D. Gray, 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. Mr. Gray is a consultant to Banyan and has verified the data
disclosed in this news release, including the sampling, analytical and test data underlying the
information.
About Banyan
Banyan's primary asset, the AurMac Project is located in Canada’s Yukon Territory. The current
inferred Mineral Resource Estimate (“MRE”) for the AurMac Project of 7.0 million ounces has an
effective date of February 6, 2024.
The 173 square kilometres (“sq km”) 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. Banyan has the right to earn up to a
100% interest, in both the Aurex and McQuesten Properties respectively, subject to certain
royalties.
The inferred MRE for the AurMac Project was prepared on February 6, 2024, and consisted
of 7,003,000 ounces of gold (see Table 3) hosted within near surface, road accessible pit
constrained Mineral Resources contained in two near/on-surface deposits: the Airstrip and
Powerline Deposits.
Table 3: Pit-Constrained Inferred Mineral Resources – AurMac Property
Deposit Gold Cut-Off
(g/t)
Tonnage
(Tonnes)
Average Gold
Grade (g/t)
Contained Gold
(oz.)
Inferred
Airstrip 0.30 35,243,000 0.75 845,000
Powerline 0.30 312,243,000 0.61 6,158,000
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Total Combined 0.30 347,486,00 0.63 7,003,000
Notes:
1. The effective date for the MRE is February 6, 2024, and was prepared by Marc Jutras, P.Eng., M.A.Sc.,
Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of
NI43-101. The technical report supporting the Resource Estimate entitled “AurMac Property, Mayo Mini ng
District, Yukon Territory, Canada” (the “Technical Report”) has been filed on SEDAR at www.sedarplus.ca on
March 18, 2024.
2. 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.
3. 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 and it is uncertain if
further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
4. 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 0.75 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 $1,800/ounce,
US$2.50/t mining cost, US$5.50/t processing cost, US$2.00/t G+A, 80% gold recoveries, and 45° pit slopes.
5. The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are
due to rounding effects; rounding followed the recommendations as per NI 43-101.
In addition to the AurMac Pro ject, 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”). 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.
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 & CEO
For more information, please contact:
Tara Christie • 778 928 0556 • [email protected]
Jasmine Sangria • 604 312 5610 • [email protected]
CAUTIONARY 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 news 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
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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
Company’s plans for ex ploration; and statements regarding exploration expectations, ease and confidence in
increasing ounces, exploration or development plans and timelines; 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 i n 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, environm ental 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 risk s involved in the mineral exploration
and development industry, enhanced risks inherent to conducting business in any jurisdiction, and timing and risk of
earning the final 25% earn-in on the properties 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 suc h 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.