Banyan Gold Intersects 3.66 g/t over 17.6 m Continuing to Extend High-Grade Mineralization in Airstrip Deposit, AurMac Project, Yukon, Canada
None
On November 13, 2025, Banyan Gold announced new drill results from the Airstrip Deposit at its flagship AurMac Project in the Yukon. The headline intercept was 3.66 grams per tonne (g/t) gold over 17.6 metres in hole AX-25-708. The company stated this result extends a high-grade mineralized zone down-dip. Other notable results included 2.04 g/t gold over 11.4 metres and 1.36 g/t gold over 15.3 metres. The release also included a routine grant of 230,000 stock options priced at $0.91.
This news is a positive confirmation of the ongoing exploration success at the Airstrip deposit. The high-grade intercept of 3.66 g/t over 17.6 metres successfully extends known mineralization and supports the company's geological model, which targets higher-grade, near-surface zones that could form starter pits in a future mining scenario.
However, in the context of the company's news flow over the past six months, these results are considered routine. Banyan has undergone a significant transformation and de-risking process: - July 2025: Published a maiden Indicated Mineral Resource of 2.27 million ounces, de-risking a substantial portion of the massive 7.7 million ounce global resource. - September 2025: Consolidated 100% ownership of the AurMac project, simplifying the asset and removing a key overhang. - October 2025: Closed a C$31.4 million financing led by strategic investor Alpayana S.A.C., with hard dollar units priced at $0.70 and flow-through at $0.97. This transaction fully funds the company through its upcoming Preliminary Economic Assessment (PEA) and beyond, representing a major third-party validation of the project. - October 2025: Announced a new high-grade silver discovery at the Powerline deposit, adding another dimension to the project's potential.
While today's drill results are strong and continue to build the AurMac story, they are an incremental step forward compared to the game-changing MRE update and strategic financing. The market now expects these types of solid drill results, and this release meets those expectations. It reinforces the thesis but does not fundamentally alter it. Therefore, the impact is routine but positive.
Banyan Gold Corp. is a mineral exploration company focused on its two gold projects in the Yukon, Canada. - Flagship Project (AurMac): This is the company's primary focus. It is a large, road-accessible property located in the Mayo mining district with excellent infrastructure, including a highway and power lines. The project hosts a significant global gold resource within two main deposits, Airstrip and Powerline. As of the July 8, 2025 MRE, AurMac contains an Indicated Resource of 2.27 million ounces of gold and an Inferred Resource of 5.45 million ounces. The company is actively drilling to expand and define higher-grade zones in preparation for a PEA in 2026. Banyan now owns 100% of the project. The Aurex and McQuesten properties are subject to a 6% NSR held by Victoria Gold, which can be bought down to 1% for C$10.0 million. - Hyland Gold Project: A secondary, earlier-stage project in the Watson Lake mining district. On October 27, 2025, the company announced an updated MRE for Hyland of 337,000 oz Au Indicated and 118,000 oz Au Inferred.