Northwire Canada EditionWednesday, August 5, 2026
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LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7% LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7%
Drill Results

Banyan Gold Intersects Multiple High-Grade Mineralization Occurrences in Powerline and Airstrip Deposits, AurMac, Yukon, Canada

Banyan Gold Bridges Deposit Gaps as Yukon Resource Footprint Nears Critical Mass

By The Northwire Desk — AI Analysis Jan 08, 2026 · 06:00 BYN · 1.095 Banyan Gold Corp.
Executive Summary

The news release dated January 8, 2026, reports high-grade diamond drilling results from the 2025 exploration program at the AurMac Project in Yukon, Canada. Key results include hole AX-25-773, which intersected 1.1 g/t Au over 66.6 meters (including 1.91 g/t Au over 31.2 meters), and hole AX-25-803, which yielded 1.64 g/t Au over 22.3 meters and contained visible gold. The drilling successfully targeted extensions of the Powerline and Airstrip deposits, specifically confirming mineralization in a 400-meter gap that previously separated the two deposits. Furthermore, a 300-meter step-out on the southwestern edge of the deposit confirmed that the system remains open for expansion.

Material Impact

The impact is Material - Positive. While Banyan already boasts a massive resource (7.7 Moz Au), the primary criticism of the project has been its low average grade (approx. 0.6 g/t). The recent results show grades significantly above the resource average (1.1 to 2.0 g/t) over mineable widths. - Bridge Between Deposits: Confirming mineralization in the 400m gap between Airstrip and Powerline is critical. This potentially allows for a single, larger, and more efficient "super-pit" instead of two separate operations, which would likely improve the project's Net Present Value (NPV) in the upcoming Preliminary Economic Assessment (PEA). - Grade Continuity: Intersecting 1.91 g/t over 31 meters at depth suggests the "high-grade" skarn-style mineralization at Airstrip is more persistent than previously modeled. - Resource Growth: The 300m step-out proves the system is not yet delimited, providing a clear path to exceeding 8 million ounces in the next resource update.

BYN · Price
Company Overview

Banyan Gold Corp. is focused on the AurMac Project in the Mayo Mining District, Yukon. The project is situated between the Victoria Gold (Eagle Mine) and the Keno Hill Silver District. - Flagship Project: AurMac Project (720 sq km land package). - Resource (June 2025): 2.27 Moz Indicated (0.63 g/t) and 5.45 Moz Inferred (0.60 g/t). - Deposit Type: Reduced Intrusion-Related Gold System (RIRGS). - Key Assets: Airstrip, Powerline, and Hyland Gold deposits.

Read the original news release →

More from Banyan Gold Corp.

Jul 28, 2026 · 06:00

Banyan’s first hole at the Nitra target returned five metres grading 1.62 grams per tonne of gold with true width unknown.

Drill Results Jul 13, 2026 · 06:00

Banyan’s thick low-grade infill interval confirms bulk-tonnage potential, while thin high-grade hits remain immaterial.

Drill Results Jul 07, 2026 · 14:57

Banyan targets a 70,000-metre drill program in the fourth quarter to advance the AurMac pre-feasibility study.

Production / Operations Jul 06, 2026 · 06:00

Banyan reports expanded high-grade domains at the Powerline deposit, though intercepts remain incremental for the large-scale bulk-tonnage system.

Drill Results Jun 26, 2026 · 16:52

Banyan Gold files a technical report for the AurMac project in Yukon, Canada.

Resource Estimate Jun 17, 2026 · 06:00

Banyan reports high-grade skarn intercepts at Southwest Powerline, reinforcing mineral potential ahead of the planned 2026 preliminary economic assessment.

Drill Results