Northwire Canada EditionWednesday, August 5, 2026
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SGZ 0.040 +0.0% SGML 14.76 −4.8% DEF 0.175 +6.1% UCU 3.43 −0.6% BBB 0.660 −2.9% PML 1.67 +0.6% GR 0.070 +7.7% GSKR 3.43 +4.3% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SGZ 0.040 +0.0% SGML 14.76 −4.8% DEF 0.175 +6.1% UCU 3.43 −0.6% BBB 0.660 −2.9% PML 1.67 +0.6% GR 0.070 +7.7% GSKR 3.43 +4.3% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0%
M&A / Property

Banyan Gold closes 100% earn-in on AurMac

By The Northwire Desk — AI Analysis Sep 18, 2025 · 21:26 BYN · 0.7 Banyan Gold Corp.
BYN · Price

Executive Summary

  • Banyan Gold Corp. has completed the accelerated 100 % earn‑in on its AurMac project, acquiring the remaining 25 % of the McQuesten and Aurex properties and now holds full ownership.
  • The closure removes the strict timeline for completing a Preliminary Economic Assessment (PEA), allowing incorporation of 2025 drilling results into a PEA slated for 2026 and an upsized drill program to >40,000 m.
  • AurMac’s mineral resource inventory now fully belongs to Banyan: 2.274 M oz indicated gold and 5.453 M oz inferred gold.

Key Details

  • Earn‑in agreement originally signed in 2017; 75 % earned by 2024, remaining 25 % earned under accelerated option terms announced July 24 2025.
  • Full ownership now includes the McQuesten and Aurex properties, which together host the core of the AurMac project.
  • Resource statement (effective June 28 2025):
  • Indicated: 2,274,000 oz Au (112.5 Mt @ 0.63 g/t)
  • Inferred: 5,453,000 oz Au (280.6 Mt @ 0.60 g/t)
  • Completion of the earn‑in eliminates the prior deadline to finish a PEA; Banyan can now integrate results from its targeted 2025 drilling campaign into a PEA scheduled for 2026.
  • Planned drill program for 2025 increased to over 40,000 metres.
  • Qualified Person: Duncan Mackay, MSc, PGeo, VP Exploration, reviewed and approved the technical content (excluding the MRE).
  • Upcoming investor events listed (GCFF Annual Wealth Conference, shareholder virtual update, 121 Mining Investment conferences).

Notable Quotes

“With this closing, the strict timeline to complete the PEA is removed. Banyan will now be able to incorporate the results of our strategically targeted 2025 drilling into a PEA for 2026,” – Tara Christie, President & CEO.

Read the original news release →

More from Banyan Gold Corp.

Jul 28, 2026 · 06:00

Banyan’s first hole at the Nitra target returned five metres grading 1.62 grams per tonne of gold with true width unknown.

Drill Results Jul 13, 2026 · 06:00

Banyan’s thick low-grade infill interval confirms bulk-tonnage potential, while thin high-grade hits remain immaterial.

Drill Results 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 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