Banyan Gold hires contractors for AurMac PEA
Banyan targets a 70,000-metre drill program in the fourth quarter to advance the AurMac pre-feasibility study.
Banyan Gold Corp. has engaged leading mining consultants, including AMC Mining, Lycopodium, and BGC Engineering, to conduct a Preliminary Economic Assessment (PEA) for its AurMac project. The company targets completion of the PEA for the fourth quarter of 2026.
The assessment will incorporate the updated Mineral Resource Estimate (MRE) dated May 15, 2026, as well as results from the 43,700-metre 2025 drill program. Key objectives for the study include converting higher-grade zones to indicated resources, upgrading undrilled blocks, and optimizing starter pits.
Management announced a 2026 drilling plan totaling 70,000 metres. The program includes 60,000 metres dedicated to refining the AurMac deposit to demonstrate it is open in all directions, and 10,000 metres for geophysics and geology-based exploration on new targets across the 830-square-kilometre land package.
Ongoing metallurgy studies are underway to optimize grind size and reagent consumption. The project benefits from established local infrastructure, including highways, hydro power, and cellular service.
Banyan Gold Corp. (BYN) announced a development milestone that aligns with its previously guided Preliminary Economic Assessment (PEA) timeline for the second half of 2026. The engagement of major engineering firms follows standard industry practice for advancing a project of this scale.
The company outlined a 70,000-metre drilling plan, which is consistent with prior management guidance and stated objectives to expand resources and de-risk the deposit ahead of the economic study.
No new financial metrics, resource upgrades, or strategic partnerships were disclosed in the announcement. The market had already priced in the PEA timeline and drilling plans from previous updates throughout 2025 and early 2026. The news confirms operational momentum and execution discipline, marking a standard milestone update that places the company on track.
Banyan Gold Corp. is a gold exploration and development company focused on the AurMac project in the Yukon Territory, Canada. The flagship AurMac Project is located 40 km from Mayo, Yukon, and covers 303 sq km.
A mineral resource estimate effective May 15, 2026, indicates 3.639 moz Au (167.3 Mt at 0.68 g/t) in the Indicated category and 4.985 moz Au (267.2 Mt at 0.58 g/t) in the Inferred category.
The company also holds the Hyland Gold Project, which contains 337 koz Au and 2.63 moz Ag in the Indicated category, and the Nitra Gold Project, which is in grassroots exploration. Additionally, Banyan Gold has recently acquired Generic Gold properties in the Tintina Gold Belt. The company aims to build a generation-scale gold and silver operation, leveraging high-grade core resources and existing infrastructure.