Northwire Canada EditionSunday, November 1, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Banyan Gold Intersects 5.58g/t Au Over 21.7 m in New High-grade Gold Zone at the Powerline Deposit, AurMac Project, Yukon, Canada

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

By The Northwire Desk — AI Analysis Jun 17, 2026 · 06:00 BYN · 1.49 Banyan Gold Corp.
Executive Summary
  • Banyan Gold announced high-grade gold intersections from new diamond drilling at the Powerline Deposit (southwest zone) of its AurMac Project.
  • Key intercepts include 13.00 g/t Au over 9.2m within 5.58 g/t Au over 21.7m, and a standout 62.66 g/t Au over 1.8m in hole AX-26-853.
  • The results define a new potential high-grade skarn-hosted zone beyond the main core, with consistent visible gold associated with bismuth sulphosalts and arsenopyrite.
  • This follows the updated Mineral Resource Estimate (MRE) released on May 19, 2026, which expanded the Indicated resource to 3.64M oz Au and Inferred to 4.98M oz Au.
  • Drilling at the Nitra project also commenced in mid-June, targeting reduced intrusion-related gold systems (RIRGs) with over 7,500m allocated.
Material Impact
  • The June 17 drill results are a routine but positive continuation of the 2026 exploration program.
  • They validate the geological model and support the upcoming Preliminary Economic Assessment (PEA) targeted for H2 2026.
  • The discovery of a new high-grade skarn zone in the southwest adds to the project's upside potential but does not fundamentally change the economic outlook established by the May MRE.
  • The news is in line with previous expectations of a robust 2026 drill program aimed at resource expansion and PEA preparation.
  • No new dilutive financings or major strategic shifts are announced alongside this release.
BYN · Price
Company Overview
  • Banyan Gold Corp. is a junior mining company focused on the development of the AurMac Project in the Yukon, Canada.
  • Flagship project: AurMac, comprising the Airstrip and Powerline deposits.
  • The project features high-grade skarn-hosted gold and silver mineralization, with a contiguous land package of ~720 sq km.
  • The company has completed over 28,000 meters of drilling at AurMac and is advancing a 2026 program targeting >70,000 meters.
  • Strategic acquisitions, including the Generic Gold portfolio (2,158 claims in the Tintina belt), expand the exploration pipeline.
  • The company aims to build a generation-scale gold and silver operation leveraging existing infrastructure and a proven management team.
Read the original news release →

More from Banyan Gold Corp.

Oct 28, 2026 · 06:00

Banyan reports gap-zone step-outs at approximately 1 g/t, noting that tonnage expansion, rather than a re-rate, positions the PEA as the primary catalyst.

Drill Results Oct 06, 2026 · 06:00

Banyan’s gap step-out returned 1.88 g/t over 17.9 m, trailing August’s 13 g/t over 14.2 m anchor intercept.

Drill Results Sep 29, 2026 · 09:05

Banyan raises $54.3 million at $2.00 per share, with Franco-Nevada acquiring 10 million shares in the transaction.

Financings Sep 24, 2026 · 16:13

Franco-Nevada backs $58M Banyan financing, validating AurMac project momentum.

Financings Sep 20, 2026 · 18:05

Banyan raised $58 million at $2.00 per share to fund drilling and a preliminary economic assessment for its Yukon Explorer project through 2027.

Financings Sep 17, 2026 · 06:00

Banyan’s margin drilling confirms bulk-tonnage RIRG gold above 0.30 g/t but lacks scale to re-rate the deposit.

Drill Results