Banyan Intercepts 2.13 Grams Per Tonne Gold Over 32.6 M, Powerline Deposit, Aurmac Project, Yukon, Canada
1
Banyan Intercepts 2.13 Grams Per Tonne Gold Over 32.6 M, Powerline Deposit,
Aurmac Project, Yukon, Canada
January 13, 2025, TSX-V: BYN
VANCOUVER, BC, January 13, 2025 - Banyan Gold Corp. (the "Company" or "Banyan") (TSX-
V: BYN ) (OTCQB: BYAGF ) is pleased to announce an alytical results from twenty-one (21)
diamond drillholes collared within the Powerline Deposit located on the Company’s AurMac
Project, Yukon Territory. This set of holes was drilled in the eastern portion of the Powerline
Deposit (See Figure 1) as part of the 2024 AurMac definition drilling program.
Highlights from the most recent assay results:
• AX-24-557: 24.5 metres (“m”) of 0.85 g/t Au from 53.5 m
• AX-24-568: 40.3 m of 0.80 g/t Au from 40.3 m
• AX-24-572: 23.1 m of 0.87 g/t Au from surface
• AX-24-576: 20.9 m of 1.05 g/t Au from surface
• AX-24-578: 69.3 m of 0.35 g/t Au from 13.0 m
• AX-24-582: 32.6 m of 2.13 g/t Au from 14.0 m
• AX-24-582: 54.4 m of 0.50 g/t Au from 54.6 m
• AX-24-605: 64.1 m of 0.71 g/t Au from 48.2 m
• AX-24-608: 53.0 m of 0.61 g/t Au from 27.0 m
• AX-24-611: 82.5 m of 0.49 g/t Au from 35.0 m
“This year’s program has confirmed areas of consistent higher-grade mineralization within the
Powerline Deposit, while strengthening geological controls on the Resource model,” stated Tara
Christie, President and CEO . “We are excited that t his year ’s program has yielded valuable
insights to the potential for broader scale mineralization beyond the Resource update anticipated
in Q2, 2025. The validated correlation between mineralization and stratigraphy (See Figure 1),
along with our geophysical work (3D geophysic al interpretation and ZTEM), has identified both
proximate, distal and d eep targets – emphasizing the significant growth potential for gold
mineralization at AurMac”.
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 . Figure 1 highlights the
correlation between with stratigraphic units and mineralization.
The Powerline Deposit is contained within a metasedimentary package which consists of
predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian age Hyland
Group. Gold mineralization here is chiefly associated with low angle quartz-sulfosalt-arsenopyrite
veins seen crosscutting all lithologies and is interpreted to be associated with a large intrusion
2
related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits. Instances
of visible gold identified from Banyan’s logging of these drillholes are shown in Image 1.
Figure 1: Idealized section 467,100E, Looking west : Powerline Deposit on left and Airstrip
Deposit on the right. Mineralization is interpreted to correlate with discrete lithological units. Note:
The Powerline and Airstrip Deposits rema in open to growth in all directions . (Refer to Table 3
below for Feb 6, 2024 Mineral Resource)
Image 1: Photographs of visible gold from:
A)AX-24-565: 123.4 m to 124.5 m – 4.17 g/t Au over 1.1 m B) AX-24-568: 20.5 m to 20.9 m – 1.50 g/t Au over 0.4 m
3
C)AX-24-570: 34.2 m to 34.6 m – 4.71 g/t Au over 0.4 m D) AX-24-582: 45.6 m to 45.9 m – 150.7 g/t Au over 0.3 m
Figure 2: AurMac drill hole locations, showing the location of historic and Banyan completed
diamond drill holes used in MRE (black and blue dots) and collar locations of 2024 drilling
(yellow, red and green dots).
4
Table 1: Highlighted Powerline Diamond Drill Analytical Results . (Maps, sections and full
analytical results will be made available on Banyan’s website).
Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-24-557 15.4 37.2 21.8 0.56
and 53.5 78.0 24.5 0.85
and 89.0 95.0 6.0 0.87
and 115.0 134.5 19.5 0.39
and 147.1 150.0 2.9 0.51
AX-24-560 35.1 38.2 3.1 0.85
and 49.5 63.5 14.0 0.45
and 92.5 102.0 9.5 0.49
and 138.5 150.7 12.2 0.44
AX-24-562 44.0 60.5 16.5 0.53
and 95.5 115.0 19.5 0.39
and 125.2 131.5 6.3 0.76
AX-24-565 6.1 10.7 4.6 0.59
and 33.5 66.2 32.7 0.53
and 78.0 111.0 33.0 0.43
and 122.5 124.5 2.0 3.08
AX-24-568 19.3 36.7 17.4 0.88
and 77.3 83.2 5.9 0.56
and 101.4 141.7 40.3 0.80
AX-24-570 16.5 34.6 18.1 0.48
and 48.2 69.8 21.6 0.34
AX-24-572 7.8 30.9 23.1 0.87
and 48.8 52.6 3.8 0.73
and 75.3 83.0 7.7 0.28
AX-24-574 8.5 12.5 4.0 0.32
and 21.5 50.0 28.5 0.55
and 72.0 96.3 24.3 0.38
AX-24-576 7.6 28.5 20.9 1.05
and 44.2 44.9 0.7 5.58
AX-24-578 13.0 82.3 69.3 0.35
AX-24-579 16.0 19.0 3.0 0.55
and 51.0 54.0 3.0 0.57
and 84.0 94.5 10.5 0.65
AX-24-582 14.0 46.6 32.6 2.13
and 54.6 109.0 54.4 0.50
AX-24-585 50.2 60.8 10.6 0.50
and 76.4 88.9 12.5 1.06
5
Hole ID From (m) To (m) Interval (m*) Au (g/t)
and 131.6 146.1 14.6 0.36
AX-24-589 18.4 26.3 7.9 0.37
and 50.5 59.0 8.5 1.81
and 136.0 152.7 16.7 0.32
AX-24-601 75.5 78.5 3.0 0.36
and 98.0 128.5 30.5 0.61
AX-24-605 48.2 147.8 99.6 0.52
or 48.2 112.3 64.1 0.71
and 135.8 147.8 12.0 0.36
AX-24-608 27.0 80.0 53.0 0.61
AX-24-611 35.0 117.5 82.5 0.49
AX-24-613 24.4 63.8 39.4 0.59
and 107.4 114.5 7.1 0.47
AX-24-616 20.5 59.0 38.5 0.45
and 114.0 123.4 9.4 0.33
AX-24-621 33.5 58.3 24.8 0.38
*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-24-557 467848 7082955 815 358 -57 207.3
AX-24-560 467955 7082951 820 354 -60 194.5
AX-24-562 468052 7082952 823 359 -62 140.5
AX-24-565 468153 7082951 829 357 -61 150.9
AX-24-568 468256 7082954 842 006 -59 141.7
AX-24-570 467750 7082861 813 004 -56 146.3
AX-24-572 467852 7082849 819 355 -57 106.7
AX-24-574 467862 7082747 819 355 -57 103.6
AX-24-576 467852 7082650 820 358 -57 54.9
AX-24-578 467753 7082650 818 356 -60 100.6
AX-24-579 467758 7082739 816 004 -58 137.2
AX-24-582 467652 7082746 811 358 -61 135.6
AX-24-585 467451 7082954 794 003 -59 147.8
AX-24-589 467554 7082950 799 359 -63 157.0
AX-24-601 467154 7082454 800 358 -62 144.8
AX-24-605 467251 7082456 805 353 -59 163.1
6
Collar ID
East
NAD83_Z8
North
NAD83_Z8 Elev. (m) Azimuth Dip (°) Depth (m)
AX-24-608 467353 7082452 807 003 -60 140.2
AX-24-611 467353 7082553 806 360 -60 171.9
AX-24-613 467452 7082454 809 359 -59 123.4
AX-24-616 467555 7082451 813 001 -60 123.4
AX-24-621 467301 7082802 793 352 -61 150.3
Upcoming Events
• Crescat Tombstone Gold Belt Webinar, January 16, 2025, 11:00am PST / 2:00pm EST
• Metals Investor Forum Vancouver, January 17 - 18, 2025
o Corporate Presentation: January 18, 11:00 AM PST
• Vancouver Resource Investment Conference 2024, January 19 - 20, 2025
o Exhibitor Booth 103
o Corporate Presentation, January 19, 200 PM PST, Workshop 4
• AME Roundup, January 22 – 23, 2025
o Core Shack Booth 919:
January 22, 9:00 AM PST – 4:00 PM PST
January 23, 9:00 AM PST – 2:30 PM PST
• BMO 34rd Global Metals, Mining & Critical Minerals Conference, February 23 - 26, 2025
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.
7
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 1) 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
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 Mining
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 Property, 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
8
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
events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this n ews release includes, but is not limited to, the
Company’s plans for exploration; 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 those risks set out
in Banyan’s public documents filed on SEDAR. Although Banyan believes that the assumptions and facto rs 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.