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Banyan Gold Corp. (TSX-V: BYN)(OTC: BYAGF), currently trading around C$0.32 per share in the 2024 gold bull market, has commenced spring/summer drilling at the flagship AurMac gold project in the Yukon’s Mayo district — Canada’s newest and most rapidly growing mining district.

Banyan Gold made the initial discovery at AurMac in 2019 and has systematically and intelligently grown the resource to currently 7 million ounces Au Inferred. The property covers a very large area — 988 mining claims spanning 173 sq km within the Tombstone Belt — and contains three known deposits: Powerline, Airstrip, and the Aurex Hill zones (all discovered by Banyan Gold).

Banyan Gold map

The current program calls for 5,000 meters targeting the Powerline deposit (6.2 Moz Au Inferred) with geologists on the ground reporting that the first drill hole (now in-progress) has already yielded significant visible gold starting at 12 meters below surface. 

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Banyan Gold CEO Tara Christie — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the start of this year’s drilling via press release: 

“Drilling underway is focused on demonstrating the economic potential of the project and, in part, the Resource’s potential to grow in grade and scale with all deposits open. Drilling is guided by our internal scoping work with mining development experts and updated geological and structural models. The strategic advice we have received from the expertise of our mining development shareholders and advisors such as Henry Marsden, has positioned us for our most focused drill program to date. We are excited for how transformational this year will be for Banyan. Congratulations to our geologists who have already identified several instances of visible gold starting at 12 m in the first drill hole of the year.” 

rock samples
Ideally situated within the prolific Tombstone Belt, the AurMac project benefits from excellent infrastructure in place — including year-round site access via the all-weather Silver Highway plus grid hydropower — and is amenable to year-round drilling.

Also nearby are multiple fully-permitted mine projects, including the Keno Hill Silver Mine and mill operated by Hecla Mining and Victoria Gold’s producing Eagle Gold Mine.

Banyan Gold development map

To-date, Banyan has only drill-tested about 5% of the project area, leaving plenty of room for potential resource expansion via the drill bit. The BYN team expects results from the current 5,000-meter program to guide potential additional drilling at AurMac later this year.

Metallurgical work and internal-scoping-level engineering and environmental baseline programs are simultaneously underway with a primary objective of laying the groundwork for future economic studies and further permitting at AurMac.

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Banyan also just announced the appointment of Henry Marsden, BSc., MSc. — who hails from the likes of Yamana, Homestake, Newcrest, Meridian, and Gold Fields — as a Technical Advisor to the AurMac project. 

For a closer look, our own Gerardo Del Real of Junior Resource Monthly caught up with Banyan Gold CEO Ms. Tara Christie to go over the commencement of spring/summer drilling at the AurMac gold project, Yukon, and much more. 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

Visit the Banyan Gold corporate website and sign up to receive updates directly from the company here

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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