Banyan Gold Intersects 10,734 g/t Silver Over 1.7m, Confirming Structure Hosting High Grade Keno-Style Mineralization, AurMac,
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Banyan Gold Intersects 10,734 g/t Silver Over 1.7m, Confirming
Structure Hosting High Grade Keno-Style Mineralization, AurMac,
Yukon, Canada
January 22, 2026 TSX-V: BYN
VANCOUVER, BC, January 22 , 202 6 - Banyan Gold Corp . (the " Company"
or "Banyan") (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce it has intersected
a very high-grade silver (“Ag”) interval near previous high-grade intersections in the Ag-
1 vein at the Powerline Deposit (“Powerline”) at its AurMac Project (“ AurMac”), Yukon,
Canada.
Highlights from 2025 confirming the very high -grade Keno-style silver mineralization in
Powerline:
• AX-25-803 – 5,625 g/t Ag over 3.4m within 1,841 g/t Ag over 10.4 metres (“m”),
with very high-grade interval of 10,734 g/t Ag over 1.7m
• AX-25-790 – 110.7 g/t Ag over 0.8m within 22.06 g/t Ag over 5.7m
• AX-25-715 – 132 g/t Ag over 0.5m within 7.25 g/t Ag over 13.7m
“The high -grade Keno -style veins overprinting the gold mineralization represent a
compelling new potential target for Banyan,” said Tara Christie, President and CEO. “Hole
AX-25-803 returned results of 10,734 g/t over 1.7m, within 3.4m averaging 5,625 g/t, and
a broader interval of 10 .4 m at 1,841 g/t. Being able to successfully target this specific
narrow, high-grade vein structure at depth is a technical success on top of the
prospectivity for additional veins of silver mineralization we are finding in the Ag -1 vein
zone. Parallel veins intersected in both current and historic drilling further reinforce the
scale and exploration potential of the targeted zone.”
• AX-25-803 was drilled 90m away from 2021’s hole AX-21-142 and intersected the
vein 20m from hole 142 at a depth of 115m.
• AX-21-142 included 1841.14 g/t Ag over 16.8m within 302.68 g/t Ag over 103.6 m;
includes 14,629 g/t Ag over 1.1m and 11,828 g/t Ag over 1.2m (News Release,
October 29, 2025)
“These high-grade silver results from hole AX-25-803 confirm continuity of the Ag-1 vein
in central Powerline intersected originally in 2021 (1841.14 g/t Ag over 16.8m in AX -21-
142) roughly 20m apart at depth,” stated Duncan Mackay, Vice President Exploration of
Banyan Gold. “ The high-grade veins take advantage of different, steeply dipping, late
brittle structures that strike northeast-southwest, different than the sheeted veins that host
gold mineralization. We are working to determine the extent and potential for repetition of
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the thicker high -grade veins we see in holes AX -21-142 and AX -25-803 and improve
targeting of silver mineralization across the deposit. Drillhole AX -25-803 was successful
in confirming the orientation of the brittle structure and will help target extensions of the
Ag-1 vein zone. Additional intersections in AX -25-790 and AX-25-803 indicate potential
for sub-parallel veins adjacent to Ag-1; further testing will work to confirm the orientation
and continuity of Ag-2 and Ag-3.”
Figure 1: Plan map of new silver intersections in relation to high-grade silver zone in central Powerline (AX-21-142; see
News Release dated October 29, 2025). Magenta shape shows approximate surface trace of the Ag -1 vein. Dashed
magenta lines denote potential vein traces on surface (see Ag-2 and Ag -3 veins in figure 2) . Mineralization is open
along strike to the northeast and down-plunge (steeply plunging to the northeast; see cross section A-B; figure 2).
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Figure 2: Cross-section A-B in Powerline. Silver intersections within drillholes AX-25-803 are consistent with late
brittle feature for the Ag-1 vein intersected in drillhole AX-21-142 (see news release dated October 29, 2025). Two
sub-parallel veins have been identified adjacent to the Ag-1 vein intersected in holes AX-21-142 and AX-25-803; Ag-2
and Ag-3 are north and south of Ag-1 respectively (magenta veins and dashed traces above).
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Figure 3: High-grade Keno-style mineralization in drillhole AX-25-803 in Ag-1 Vein in Powerline. Silver mineralization
is associated with semi-massive galena and sphalerite mineralization hosted within discrete Fe-carbonate ± quartz
veins.
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Table 1: Significant diamond drillhole assay intercepts for Powerline in this release
Hole ID
depth
from (m)
depth to
(m)
Ag Interval
(m)
Ag Interval
(g/t)
AX-25-715 72.5 125.00 52.5 2.66
including 94.6 99.00 4.4 8.82
and including 110.4 114.50 4.1 7.36
and 140.0 178.90 38.9 3.27
including 143.8 157.50 13.7 7.25
including 157.0 157.50 0.5 132
and 200.0 204.60 4.6 8.35
including 200.0 200.40 0.4 42.4
and 226.5 228.60 2.1 39.35
AX-25-790 143.6 165.90 22.3 6.19
including 147.0 152.70 5.7 22.06
including 147.0 147.80 0.8 110.7
AX-25-803 25.3 47.80 22.5 3.69
including 35.8 46.30 10.5 6.59
and 80.5 86.00 5.5 5.34
and 112.9 123.30 10.4 1,841
including 114.4 117.80 3.4 5,625
including 115.6 117.30 1.7 10,734
Note: True widths are calculated to be approximately 65% of drilled interval.
Table 2: Collar Locations for drillholes in this release
HOLE ID EASTING (m) NORTHING (m)
ELEVATION
(m)
Depth
(m) Azimuth Dip
AX-25-715 466698 7083054 769 251 0 -60
AX-25-790 466871 7083172 781 294 305 -57
AX-25-803 466746 7083283 776 220 120 -60
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
prepared and then shipped to Bureau Veritas’s Analytical laboratory in Vancouver, B.C.
for pulverization and final chemical analysis.
Core splits from 2025 reported in this news release were analysed by Bureau Veritas of
Vancouver, B.C., utilizing the multi-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
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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). Sample s
returning >200 g/t Ag (MA250 or MA300) were analysed by multi-acid digestion ICP-ES
MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with
gravimetric finish on a 50g sample (FA550). If samples returned > 10,000 g/t Ag, they
were analysed by fire assay 2g sample (FA501). 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. Historic 2019 Ag
samples were analysed at BV by aqua regia digest ICP -ES/MS 37 -element AQ200
(2019). Historic 2012 samples were analysed at ALS by 34-element four acid digest ME-
ICP61. If samples returned > 100 g/t Ag, a 0.4g sample was analysed by four acid digest
ICP-AES Ag-OG62. If samples returned > 1,500 g/t Ag, they were analysed by fire assay
with gravimetric finish on a 30g sample (Ag -GRA21). Historic 2000 Ag samples were
analysed at ALS by ICP-MS Ag 9225.
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 Vancouver, January 23 – 24
o Corporate Presentation: January 24, 11:20 AM PST
• Banyan Gold Breakfast Presentation - Featuring Rick Rule and Quinton Hennigh,
Vancouver, January 26, 7:30 – 9:00 AM PST
• AME Roundup, Vancouver, January 28 – 29
o Core Shack Booth 823
• Money Talks: World Outlook Financial Conference, Vancouver, February 6 – 7
• 121 Mining Investment, Cape Town, February 9 – 10
• African Mining Indaba, Cape Town, February 9 – 12
• BMO 35rd Global Metals, Mining & Critical Minerals Conference, Hollywood, FL,
February 22 – 25
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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
kilometres (“sq km”) AurMac Project lies 40 k ilometres 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.
Table 3: Pit -Constrained Indicated and Inferred Mineral Resources – AurMac
Project
Deposit Gold Cut-Off
(g/t)
Tonnage
(M Tonnes)
Average Gold
Grade (g/t)
Contained Gold
(Moz)
Indicated MRE
Airstrip 0.30 27.7 0.69 0.611
Powerline 0.30 84.8 0.61 1.663
Total Combined
Indicated MRE
0.30 112.5 0.63 2.274
Inferred MRE
Airstrip 0.30 10.1 0.75 0.245
Powerline 0.30 270.4 0.60 5.208
Total Combined
Inferred MRE
0.30 280.6 0.60 5.453
Notes to Table 3:
1. The effective date for the MRE is June 28, 2025, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal,
Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.
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.
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 0.73 and constrained within an open pit shell optimized with the Lerchs -Grossman algorithm to
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constrain the Mineral Resources with the following estimated parameters: gold price of US $2,050/ounce,
US$2.50/t mining cost, US$10.00/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes.1
5. The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are
due to rounding effects.
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 of ore 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 of ore at 0.95 g/t Au and 6.94 g/t Ag) (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) 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. The property is 100% owned and operated by Banyan Gold Corporation
("Banyan") and covers approximately 313.9 sq km. The property is accessible by road
along the Silver Trail Highway, South McQuesten Road and 4x4 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]
1 The gold price and cost assumptions are consistent with current pricing assumptions and costs and, in particular,
with those employed for recent technical reports for similar pit-constrained Yukon gold projects.