Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0%
Drill Results

Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada

Yukon’s Tier-1 scale gold project transitions from resource expansion to high-grade definition as PEA looms.

By The Northwire Desk — AI Analysis Feb 26, 2026 · 03:00 BYN · 1.36 Banyan Gold Corp.
Executive Summary

The most recent news (February 26, 2026) reports continued high-grade gold intercepts and visible gold from the central Powerline Deposit at the AurMac Project, Yukon. Key intercepts include 1.82 g/t Au over 26.2m and 2.10 g/t Au over 14.0m. These results follow the February 19 announcement of the commencement of a fully funded 40,000+ meter diamond drill program for 2026. The drilling is specifically designed to refine the Mineral Resource Estimate (MRE) by defining higher-grade mineralized domains and converting waste blocks to ore within the conceptual pit shells.

Material Impact

The news is Routine - Positive. While the grades are higher than the current average resource grade (0.63 g/t Indicated), they are consistent with the "high-grade" results reported throughout late 2025 and early 2026. - Resource Quality: The results confirm the continuity of the high-grade core, which is critical for the upcoming Preliminary Economic Assessment (PEA). Higher-grade "starter pits" significantly improve project economics (IRR/NPV). - Operational Momentum: The company has successfully transitioned from a massive 7-million-ounce Inferred resource to a more robust Indicated category (2.27 Moz) and is now focused on "value-added" drilling. - Funding: The 2026 program is fully funded following the massive $31.4M private placement in October 2025, removing immediate financing risk.

BYN · Price
Company Overview

Banyan Gold is focused on the AurMac Project in the Yukon, Canada. The project is road-accessible and adjacent to infrastructure (power lines). - Flagship Project: AurMac (Airstrip and Powerline Deposits). - Resource: 2.274 Moz Indicated (0.63 g/t) and 5.453 Moz Inferred (0.60 g/t). - Ownership: 100% interest (accelerated earn-in completed Sept 2025).

Read the original news release →

More from Banyan Gold Corp.

Oct 28, 2026 · 06:00

Banyan reports gap-zone step-outs at approximately 1 g/t, noting that tonnage expansion, rather than a re-rate, positions the PEA as the primary catalyst.

Drill Results Oct 06, 2026 · 06:00

Banyan’s gap step-out returned 1.88 g/t over 17.9 m, trailing August’s 13 g/t over 14.2 m anchor intercept.

Drill Results Sep 29, 2026 · 09:05

Banyan raises $54.3 million at $2.00 per share, with Franco-Nevada acquiring 10 million shares in the transaction.

Financings Sep 24, 2026 · 16:13

Franco-Nevada backs $58M Banyan financing, validating AurMac project momentum.

Financings Sep 20, 2026 · 18:05

Banyan raised $58 million at $2.00 per share to fund drilling and a preliminary economic assessment for its Yukon Explorer project through 2027.

Financings Sep 17, 2026 · 06:00

Banyan’s margin drilling confirms bulk-tonnage RIRG gold above 0.30 g/t but lacks scale to re-rate the deposit.

Drill Results