Mike Fagan,
Editor
Feb. 7, 2025
Banyan Gold Corp. (TSX-V: BYN)(OTC: BYAGF) — currently trading undiscovered around C$0.22 per share in the 2025 gold bull market — has released positive assays from a further 13 holes from its 2024 drill program at the flagship AurMac gold project located in the Mayo Mining District, Yukon, Canada.
The Banyan team made the initial gold discovery at AurMac in 2019 and has since intelligently and systematically grown the resource to 7 Moz Inferred at 0.63 grams per tonne gold (g/t Au) via the drill-bit.
The most recent batch of assays is from the AurMac project’s Powerline Deposit and includes highlight intercepts of 1.6 grams per tonne gold (g/t Au) over 12.5 meters,1.56 g/t Au over 32 meters, and 1.55 g/t Au over 5.5 meters.
Banyan Gold CEO Tara Christie — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the most recent batch of assays from the central portion of the Powerline Deposit via press release:
“The 2024 drilling program of the Powerline Deposit has clearly defined high-grade gold zones, both on/near-surface and to depth. These results have confirmed gold mineralization in the area between Airstrip and Powerline. This largely undrilled section separating the two deposits could add significant high-grade gold ounces with further drilling. Holes 622, 627 and 625 from this gap area returned grades of 1.6 g/t over 12.5m,1.56 g/t over 32m and 1.55 g/t over 5.5 m, respectively, with additional mineralization observed throughout these holes. This facilitates the creation of a larger mining pit integrating both Powerline and Airstrip. The Powerline and Airstrip Deposits remain open to expansion in all directions.”
The 173 sq km AurMac project, which Banyan holds the right to earn up to a 100% interest, benefits from excellent infrastructure in place (including existing roads, proximity to a main highway, and hydroelectric power) and is amenable to year-round drilling.
Over the first several weeks of the new year, Banyan Gold has released a steady stream of positive assay results from its 2024 AurMac definition drilling program, which you can view here.
A few additional highlight intercepts from that program include 2.13 g/t Au over 32 meters and 1.92 g/t Au over 40 meters at the Powerline Deposit, plus 1.31 g/t Au over 46 meters at the Airstrip Deposit.
The presence of Visible Gold (VG) in drill core has been nothing short of spectacular as reflected in the below images.
Next up for Banyan Gold — which currently trades at roughly C$5 per gold ounce in the ground at a 7 Moz Inferred resource — are additional assays from the 2024 program as the company progresses toward its next drill phase, a resource update slated for Q2 2025 and, ultimately, a PEA (Preliminary Economic Assessment) slated for Q4 2025.
BYN is well-funded for its next drill phase with approximately C$10M in the treasury.
That forthcoming program is currently in the advanced planning stages wherein the company expects to convert a percentage of existing resources from Inferred to Indicated while building toward a 10 Moz resource across all categories.
With gold currently trading at all-time highs around US$2,900 per ounce, our own Gerardo Del Real of Junior Resource Monthly met up with Banyan Gold CEO Ms. Tara Christie to go over the most recent batch of positive assays from AurMac along with next-steps in the ongoing advancement of the flagship, tier-one-hosted project. Please enjoy!
For more on Vancouver-based Banyan Gold Corp., please contact the company’s IR department at 888-629-0444 or via email at info@banyangold.com.
Visit the Banyan Gold corporate website, view the most recent Corporate Presentation, and sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Banyan Gold
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