Banyan Gold Commences Greenfields Diamond Drilling at Nitra Project, Yukon
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Banyan Gold Commences Greenfields Diamond Drilling at Nitra Project, Yukon
June 15, 2026 TSX-V: BYN
VANCOUVER, BC, June 15, 2026 - Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:
BYN) ( OTCQB: BYAGF ) is pleased to announce commencement of the 2026 greenfields
exploration diamond drilling program at its Nitra Project (“Nitra” or the “Project”) in the Tombstone
Gold Belt, Yukon. The helicopter supported diamond drill program is intended to expand Banyan’s
exploration pipeline and identify potential satellite deposits in the highly prospective greenfields
zones surrounding the AurMac deposit:
• Two diamond drills at Nitra focused on advancing and testing drill targets identified through
geophysical surveys and surface work. 7500m+ are allocated to testing regional targets ,
with the treasury to support upsizing with exploration success.
• Geophysical surveys and surface work to expand regional datasets with a primary focus
on discovery of additional expressions of Reduced Intrusion -Related Gold Systems
(“RIRGs”).
“We’re excited to start up our 2026 greenfields diamond drilling program,” said Duncan Mackay,
Vice President of Exploration. “Our technical team has leveraged our extensive regional datasets
and geophysical coverage to identify highly prospective targets. The 10 targets we have identified
in Nitra and the broader AurMac Property carry the exploration signature for RIRGs. We see
significant opportunity to potentially add satellite deposits to the exploration pipeline in the area
around the AurMac Deposit.”
“Greenfields exploration is how we build the next chapter of value at AurMac,” said Tara Christie,
President and CEO of Banyan. “With a fully funded treasury and over 95% of our district -scale
land package untested by drilling, Nitra represents exactly the kind of discovery opportunity that
can extend our pipeline well beyond the existing large gold resource.”
Figure 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. The figure includes the newly acquired Seattle and Goodman Creek
properties.
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Regional targets have been identified using new geophysical surveys in combination with soil
sampling anomalies , knowledge of placer mining locations and prospecting . Approximately
7500m of diamond drill budget for 2026 is allocated to 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 has been 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 th e Brewery Creek
deposit, Snowline Gold’s Valley Project, Prospector Metals’ ML project, the Eagle mine, and the
Fort Knox mine.
AurMac Drilling update
Drilling commenced for the 2026 season at the AurMac Project in February and over 28,000 m
has been drilled to date on the Airstrip and Powerline Deposits.
Drilling is being complemented by geophysical surveys, ongoing metallurgical work, geotechnical
work and environmental surveys, along with engineering studies required for a preliminary
economic assessment of the AurMac Project in H2-2026.
Qualified Persons
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.
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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 Events
• Jul 6 – 7, 2026 The Rule Symposium Boca Raton, FL
• Jul 12 – 15, 2026, Invest Yukon Property Tours, Yukon
About Banyan
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 deposit is comprised of
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 (see news release
of May 19, 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 and
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 road s. 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 and 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.
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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 www.banyangold.com 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 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 ability to expand
the Corporation’s exploration pipeline and potential to find a satellite deposit, 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 risk s,
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.