Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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.

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 15, 2026 · 06:00

Banyan Gold Commences Greenfields Diamond Drilling at Nitra Project, Yukon

Drill Results Jun 11, 2026 · 10:57

Banyan closes a generic acquisition to expand its Yukon footprint ahead of the second half of 2026 preliminary economic assessment.

M&A / Property Jun 11, 2026 · 06:00

Banyan Gold Completion of Property Acquisition from Generic Gold

M&A / Property