Banyan Gold Continues to Delineate High-Grade in Powerline Southwest, AurMac Project, Yukon, Canada
Banyan’s thick low-grade infill interval confirms bulk-tonnage potential, while thin high-grade hits remain immaterial.
Banyan Gold Corp. (BYN) released drilling results on July 13, 2026, for its Powerline West target at the AurMac Project, focusing on converting inferred resources to indicated and expanding the deposit at depth. The company has completed more than 33,000 meters of drilling toward a 70,000-meter goal, placing the program ahead of schedule.
Key intercepts from the program include:
- AX‑26‑865: multiple intervals within 0.55 g/t Au over 151.3 m, including 2.08 g/t Au over 4.1 m, 1.55 g/t Au over 5.4 m, 1.15 g/t Au over 12.6 m, and 1.24 g/t Au over 11.6 m.
- AX‑26‑855B: 2.44 g/t Au over 5.0 m, including 15.76 g/t Au over 0.6 m.
- AX‑26‑859: 1.49 g/t Au over 8.8 m, including 14.40 g/t Au over 0.8 m.
- Several other holes (AX‑26‑837, 846, 864B) returned low‑grade, narrow intervals with tiny high‑grade spikes (e.g., 8.56 g/t over 0.4 m, 3.31 g/t over 1.5 m).
The mineralization occurs in sheeted quartz veins within metasedimentary rocks, specifically calcareous schists and skarn horizons. As of May 15, 2026, the AurMac Indicated resource stands at 3.64 moz at 0.68 g/t, with an Inferred resource of 4.99 moz at 0.58 g/t.
Banyan Gold Corp. (BYN) released infill and step-out drill results from a junior explorer that currently holds more than 8.6 million ounces of combined indicated and inferred gold. The company reported a 151-meter intercept grading 0.55 grams per tonne of gold, a result that does not materially alter the existing resource base.
The stock price had previously risen from $1.20 to approximately $1.60 following earlier high-grade hits. This latest release represents a return to routine infill drilling, a type of data the market already expects. Consequently, the share chart showed no breakout reaction to the news. While such a drill hole might be considered immaterial for a producer, it is viewed as an incremental positive for an explorer, though it does not constitute a discovery or change the investment thesis.
Banyan Gold Corp. (BYN) is a Canadian junior explorer focused on the AurMac gold project in the Yukon. The deposit is an IRGS system characterized by sheeted quartz veins, hosting 3.64 moz Au Indicated and 4.99 moz Au Inferred resources at a cutoff of 0.30 g/t, pit-constrained at US$3,500/oz. A preliminary economic assessment (PEA) is expected in the second half of 2026.
The company also holds the Hyland Gold Project, which contains approximately 337 koz Au indicated and 118 koz Au inferred resources, as well as the early-stage Nitra gold target.
Banyan Gold has 416 million shares outstanding and a market capitalization of approximately C$600 million. The company raised $46.5 million in May 2026 and held approximately $26.5 million in cash as of March 31, 2026, alongside flow-through spending obligations. Additionally, Franco-Nevada acquired an underlying 6% net smelter return (NSR) for $52.2 million.