Northwire Canada EditionTuesday, August 11, 2026
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CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%
Drill Results

Banyan Gold Drills 1.90 g/t Au over 17.3m, Adds Fourth Drill Rig and Extends High-Grade Domains in Core of Powerline Deposit, Yukon, Canada

By The Northwire Desk — AI Analysis Oct 21, 2025 · 06:30 BYN · 0.79 Banyan Gold Corp.
BYN · Price

Executive Summary

  • Banyan Gold Corp. announced high-grade gold intersections at the Powerline Deposit within its AurMac Project in the Yukon, Canada, highlighting continuity of high-grade mineralization in the core of the deposit.
  • The company confirmed that recent drilling supports 3D modeling of high-grade domains and has the potential to convert inferred ounces to indicated resources, while also extending mineralization beyond previously known boundaries.
  • Following a $31.4-million strategic investment by Alpayana, the drill program has been upsized to 40,000 meters with the addition of a fourth drill rig, bringing total 2025 drilling to over 30,000 meters across 130 holes.

Key Details

  • Drill Hole AX-25-697: Intersected 2.69 g/t Au over 11.8m within 0.65 g/t Au over 72.5m; including high-grade intervals of 29.3 g/t Au over 0.4m, 21.04 g/t Au over 0.4m, and 2.26 g/t Au over 3.4m.
  • Drill Hole AX-25-700: Intersected 3.07 g/t Au over 3.6m within 0.69 g/t Au over 29.3m, and 1.90 g/t Au over 17.3m; including 33.00 g/t Au over 0.8m.
  • Drill Hole AX-25-706: Intersected 16.68 g/t Au over 1.1m within 2.39 g/t Au over 8.1m at surface.
  • Drill Hole AX-25-709B: Intersected 2.55 g/t Au over 6.4m within 0.85 g/t Au over 22.9m.
  • Mineral Resource Context: Intersections reinforce continuity of refined and high-grade mineralized domains; potential exists to convert inferred ounces from the current Mineral Resource Estimate (MRE) into indicated resources.
  • Drilling Program Update: Current drill program is ongoing; total drilling for the year exceeds 30,000m (130 holes); program upsized to 40,000m with a fourth rig added.
  • Geological Observations: High-grade gold is associated with sheeted veins in favorable host rocks (brittle rheology); mineralized domains are open down-dip, suggesting potential for further extension and conversion of waste blocks to ore.
  • Mineral Resource Estimate (Effective June 28, 2025):
    • Indicated: 2.274 million ounces of gold (112.5 M tonnes at 0.63 g/t).
    • Inferred: 5.453 million ounces of gold (280.6 M tonnes at 0.60 g/t).
    • Powerline Deposit Specifics: Indicated resource of 1.663 Moz Au (84.8 M tonnes at 0.61 g/t); Inferred resource of 5.208 Moz Au (270.4 M tonnes at 0.60 g/t).
  • Analytical Methods: Samples analyzed by Bureau Veritas using four-acid digestion ICP-ES/MS and Fire Assay with AAS finish; high-grade samples (>10 g/t Au) re-analyzed by gravimetric finish or metallic screen fire assay.

Notable Quotes

  • "With our recent $31.4-million strategic investment by Alpayana we have upsized our drill program to 40,000 m and have added a fourth drill rig," stated Tara Christie, Banyan President and CEO. "Our modelling and drilling suggests that the deposit is open in all directions, confirming the +1g/t Au zones and potentially extending the zones beyond the previously known mineralization."
  • "Our drilling in the core of Powerline (Figure 1) continues to confirm continuity of refined and high-grade mineralized domains," added Duncan Mackay, Vice President of Exploration. "With mineralized domains open down-dip (Figure 2) we also have the potential to add additional high-grade ounces while converting inferred ounces to indicated."
Read the original news release →

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Production / Operations Jul 06, 2026 · 06:00

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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