Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold, Airstrip Deposit, AurMac Project, Yukon, Canada
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Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold,
Airstrip Deposit, AurMac Project, Yukon, Canada
February 19, 2025 TSX-V: BYN
VANCOUVER, BC, February 19, 2025 - Banyan Gold Corp . (the " Company" or "Banyan")
(TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce an alytical results from sixteen (16)
diamond drillholes collared within the Airstrip Deposit located on the Company’s AurMac Project,
Yukon Territory. This set of holes targeted the eastern portion of the Airstrip Deposit (Figure 2)
as part of the 2024 AurMac definition drilling program.
Highlights from these most recent analytical results include:
• AX-24-558: 7.2 metres (“m”) of 2.93 g/t Au from 205.7 m
• AX-24-569: 4.5 m of 4.49 g/t Au from 240.5 m
• AX-24-573: 34.1 m of 0.66 g/t Au from 55.7 m
• AX-24-577: 105.8 m of 0.60 g/t Au from 39.5 m
• AX-24-581: 43.1 m of 0.71 g/t Au from 62.4 m
• AX-24-586: 34.9 m of 0.70 g/t Au from 6.1 m
• AX-24-586: 29.9 m of 0.78 g/t Au from 66.1 m
• AX-24-588 17.1 m of 1.29 g/t Au from 65.9 m
• AX-24-590: 15.9 m of 9.32 g/t Au from 65.7 m
o Including AX-24-590: 3.7 m of 33.43 g/t Au from 77.9 m
• AX-24-593: 13.8 m of 3.81 g/t Au from 67.6 m
• AX-24-636: 90.0 m of 0.44 g/t Au from 68.5 m
"With intercepts such as 15.9 m of 9.32 g/t, including 3.7 m of 33.43 g/t, we continue to delineate
notable high-grade zones within the AurMac gold deposits,” stated Tara Christie, President and
CEO. “These new results, combined with previous high grades and tenor from our 2024 drill
program, have significantly enhanced the profile of the AurMac deposits. Not only do these results
reaffirm the potential of the AurMac Project, but also highlight the strategic value of our 2024
drilling campaign to the understanding of the deposit s. Banyan is well positioned for continued
exploration and poised to take the next major step with our Preliminary Economic Assessment in
2025.
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.
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Figure 1: AurMac Diamond Drill Grade Thickness Interval 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 . Map B: presents an
update of all analytical results through this February 19, 2025 News Release.
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.
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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.
Table 1: Highlighted Airstrip Diamond Drill Analytical Results.
Hole ID From (m) To (m) Interval (m*) Au (g/t)
AX-24-558 2.8 8.6 5.8 0.47
and 66.6 86.9 20.3 0.61
and 110.5 124.0 13.5 0.50
and 152.2 159.5 7.3 0.59
and 205.7 212.9 7.2 2.93
AX-24-563 33.2 52.2 19.0 0.33
and 70.2 127.6 57.4 0.31
and 135.6 147.3 11.7 0.48
and 158.5 168.7 10.2 0.81
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
and 201.0 203.8 2.8 0.28
AX-24-566 13.7 19.8 6.1 0.74
and 49.9 56.4 6.5 0.36
and 69.5 76.8 7.3 0.54
and 108.0 120.4 12.4 0.41
and 130.0 140.9 10.9 0.63
and 148.9 165.4 16.5 0.40
and 179.7 187.0 7.3 0.32
and 212.7 220.1 7.4 0.63
and 242.6 246.5 3.9 2.26
AX-24-569 7.6 27.2 19.6 0.71
and 49.0 51.5 2.5 4.52
and 98.5 113.4 14.9 0.35
and 106.2 113.4 7.2 0.54
and 176.5 216.1 39.6 0.34
and 240.5 245.0 4.5 4.49
AX-24-573 55.7 89.8 34.1 0.66
and 114.3 145.8 31.5 0.66
and 175.3 186.0 10.7 0.37
and 201.1 215.8 14.7 0.81
AX-24-577 39.5 145.3 105.8 0.60
and 164.2 169.8 5.6 2.87
and 201.3 206.4 5.1 0.39
AX-24-581 16.1 19.0 2.9 1.32
and 40.5 49.3 8.8 0.29
and 62.4 105.5 43.1 0.71
and 136.2 140.7 4.5 0.35
AX-24-583 9.0 22.9 13.9 0.29
and 45.1 55.9 10.8 0.22
AX-24-584 12.1 31.6 19.5 0.58
AX-24-586 6.1 41.0 34.9 0.70
and 66.1 96.0 29.9 0.78
AX-24-588 14.2 49.8 35.6 0.40
and 65.9 83.0 17.1 1.29
AX-24-590 12.9 46.1 33.2 0.44
and 65.7 81.6 15.9 9.32
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Hole ID From (m) To (m) Interval (m*) Au (g/t)
including 77.9 81.6 3.7 33.43
and 102.6 107.0 4.4 6.97
AX-24-593 9.1 43.5 34.4 0.53
and 67.6 81.4 13.8 3.81
AX-24-594 8.1 36.5 28.4 0.46
and 71.0 83.0 12.0 1.22
AX-24-619 83.2 99.5 16.3 0.33
and 165.0 260.5 95.5 0.32
AX-24-636 45.7 50.5 4.8 1.66
and 68.5 158.5 90.0 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-24-558 467187 7083816 781.6 354 -61 227.0
AX-24-563 467223 7083823 782.8 349 -58 224.0
AX-24-566 467152 7083759 784.3 350 -60 263.6
AX-24-569 467116 7083757 782.5 357 -55 266.7
AX-24-573 467116 7083813 778.8 351 -61 225.5
AX-24-577 467127 7083866 780.1 352 -59 212.7
AX-24-581 467082 7083908 781.5 358 -58 172.2
AX-24-583 467079 7083964 782.7 007 -60 128.6
AX-24-584 467082 7084012 783.8 359 -61 111.2
AX-24-586 467048 7084015 781.5 359 -59 111.2
AX-24-588 467013 7084006 780.1 357 -58 121.9
AX-24-590 466979 7084009 778.6 002 -60 122.8
AX-24-593 466954 7084011 778.1 005 -61 124.9
AX-24-594 466926 7084008 776.8 356 -60 132.5
AX-24-619 467111 7083688 786.1 358 -63 316.9
AX-24-636 467046 7083911 779.5 243 -87 198.4
Upcoming Events
• Invest Yukon Investor Day, Vancouver, February 19, 2025
• BMO 33rd Global Metals, Mining & Critical Minerals Conference, February 23 - 26, 2025
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• 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
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.
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Table 3: Pit-Constrained Inferred Mineral Resources – AurMac Project
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 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]
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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, 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 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.