Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada
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Banyan Gold Continues to Intersect Visible Gold and High-Grade
Mineralization in Powerline, Yukon, Canada
February 26, 2026, TSX-V: BYN
VANCOUVER, BC, February 26, 2026 - Banyan Gold Corp . (the "Company "
or "Banyan") (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce high-grade gold
(“Au”) mineralization and associated visible gold (“VG”) in central Powerline Deposit
(“Powerline”) at its AurMac Project (“AurMac”), Yukon, Canada.
Powerline Highlights:
• AX-25-801 – 1.70 g/t Au over 5.8m, within 0.79 g/t au over 20.4m; includes high-
grade interval of 14.10 g/t Au over 0.4m;
• AX-25-814 – 1.57 g/t Au over 6.6m, within 0.39 g/t Au over 98.6m
• AX-25-819 – 1.82 g/t Au over 26.2m and 4.64 g/t Au over 7.7m, within 1.06 g/t
Au over 49.6m; includes high-grade interval of 19.90 g/t Au over 1.5m;
• AX-25-821 – 2.10 g/t Au over 14.0m and 5.08 g/t Au over 5.0m
“The continued discovery of high-grade mineralization, which is often associated with
visible gold, demonstrates the continuity of the mineralized domains and emphasizes the
high-grade potential in the core of the Powerline Deposit,” said Tara Christie, President
and CEO. “Our drill program for 2026 is underway with five drills on-site. As we continue
to receive results from the 2025 drill program, we anticipate an active news cycle in the
coming months.”
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Figure 1: Plan map of highlight gold intersections at AurMac.
Figure 2: Visible gold intersections in drillholes from Central Powerline. Top left - AX-25-801 – 81.4m. Top Right –
AX-25-819 – 118.3m. While visible gold at Powerline is typically (but not always) indicative of high-grade intervals,
the potential for heterogeneous gold distribution in a recovered drill core and analyte material processed by the
laboratory means not all instances of visible gold will be reflected in high-grade assay results.
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Figure 3: Cross-section A-B in Central Powerline (See Figure 1). High-grade mineralization in AX-25-819 and -821
has the potential to extend mineralized domains below the conceptual pit boundary from the 2025 Mineral Resource
Estimate (“MRE”). Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will
aid in better constraining estimations of the distribution of gold in the MRE.
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Figure 4: Cross-section 466850mE in Powerline (See Figure 1). Mineralization in AX-25-801 has the potential to
extend high-grade mineralization, convert waste blocks and flatten the conceptual pit floor. Magenta outlines show
preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the
distribution of gold in the Mineral Resource Estimate.
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Figure 5: Diamond drill core from AX-25-801. discordant quartz veins with accessory Bi-sulphosalts, aresenopyrite,
and visible gold (See Figure 2).
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Figure 6: Cross-section 466950mE (See Figure 1) in Powerline. High-grade gold mineralization intersected in AX-25-
814 highlights the continuity and potential for up-dip and down-dip extensions of mineralized domains and convert
waste blocks. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in
better constraining estimations of the distribution of gold in the Mineral Resource Estimate.
Table 1: Diamond drillhole assay intercepts for Powerline in this release
HOLE NUMBER depth from depth to
Au Interval
(m)
Au Interval
(g/t)
AX-25-801 8.0 12.5 4.5 0.77
including 8.0 9.5 1.5 1.89
and 34.5 36.0 1.5 0.31
and 44.3 46.0 1.7 0.67
and 58.0 96.1 38.1 0.30
including 75.0 85.8 10.8 0.57
and 119.4 154.0 34.6 0.60
including 119.4 120.0 0.6 4.16
including 132.6 153.0 20.4 0.79
including 147.2 153.0 5.8 1.70
including 147.2 147.6 0.4 14.10
and 181.7 184.2 2.5 0.76
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including 181.7 182.2 0.5 2.38
and 213.5 222.5 9.0 0.35
and 237.8 238.6 0.8 0.33
AX-25-814 31.9 32.6 0.7 1.94
and 44.4 143.0 98.6 0.39
including 44.4 44.7 0.3 17.11
and including 56.3 57.8 1.5 1.56
and including 71.8 82.0 10.2 1.37
including 75.4 76.1 0.7 7.06
and including 95.8 112.8 17.0 0.38
and 185.6 201.0 15.4 0.67
including 195.9 197.4 1.5 4.92
and 239.5 241.2 1.7 0.46
and 247.1 248.0 0.9 0.31
and 268.1 268.7 0.6 0.77
AX-25-819 66.6 80.3 13.7 0.35
including 66.6 68.1 1.5 1.64
and including 79.9 80.3 0.4 2.93
and 99.9 149.5 49.6 1.06
including 104.4 130.6 26.2 1.82
including 106.8 107.2 0.4 4.24
and including 115.2 122.9 7.7 4.64
including 117.9 122.9 5.0 6.58
including 121.4 122.9 1.5 19.90
AX-25-821 43.0 57.0 14.0 2.10
including 52.0 57.0 5.0 5.08
including 55.5 57.0 1.5 14.90
Note: Calculated true widths for AX -25-801, -814 and -820 are approx. 90% of reported drill widths .
Calculated true widths for AX-25-819 and -821 are approx. 45% of reported drill widths.
Table 2: Collar Locations for drillholes in this release
HOLE ID EASTING (m) NORTHING (m)
ELEVATION
(m) Depth (m) Azimuth Dip
AX-25-801 466857 7082879 773 243.8 0 -55
AX-25-814 466940 7082910 775 272.8 0 -52
AX-25-819 466743 7083282 775 152.0 150 -60
AX-25-821 466766 7083263 778 79.5 120 -50
Analytical Method and Quality Assurance/Quality Control Measures
All diamond drill core was systematically logged and photographed by Banyan geology
personnel. All core samples (HTW and NTW diameter) 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
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prepared and then shipped to Bureau Veritas’s Analytical laboratory in Vancouver, B.C.
for pulverization and final chemical analysis.
Core splits reported in this news release were analysed by Bureau Veritas of Vancouver,
B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-
element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for
gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with
gravimetric finish on a 50g sample (FA -550). High-grade samples with documented
visible gold are also analysed using metallic screen fire assay (FS -652). Bureau Veritas
is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust
system of standards, ¼ core duplicates and blanks has been implemented in the 2025
exploration drilling program and is monitored as chemical assay data becomes available.
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. 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
• Metals Investor Forum Toronto, February 27 – 28
o Corporate Presentation: February 27, 6:00 PM ET
• Yukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto,
March 2, 7 AM – 9 AM ET
o 7:00 AM to 9 AM ET
• PDAC, Toronto, March 1 – 4, 2026
o Exhibitor Booth No. 2213, March 1 – 2
o 1x1 Meetings, Level 300, March 1-3
• SMI Zurich, Switzerland, March 18 -19
• Italy Roadshow – Milan, Rome, March 23 – 27
About Banyan
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 (" Au") (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
Canadian Institute of Mining, Metallurgy and Petroleum (" CIM") Definition Standards for Mineral
Resources & Mineral Reserves incorporated by reference into NI 43 -101). The 303 square