Banyan Drills 46.4 Metres of 1.31 Grams per Tonne Au, Airstrip Deposit, AurMac Project, Yukon, Canada

Banyan Gold Corp. (TSX-V: BYN) (OTCQB: BYAGF) has announced significant drilling results from the Airstrip Deposit at its AurMac Project in the Yukon Territory, Canada. The company drilled 46.4 metres of 1.31 grams per tonne (g/t) gold (Au) from the deposit, highlighting the potential for resource expansion and economic viability. This article will delve into the implications of these results and their impact on the AurMac Project.



The Airstrip Deposit is a key component of the AurMac Project, which is strategically positioned with existing road and hydro power infrastructure. The recent drilling results demonstrate high-grade gold intervals near-surface over appreciable widths, suggesting that the deposit may have potential for economic viability. This is particularly relevant given the current gold price environment and the strategic position of AurMac.

The high-grade gold intervals near-surface over appreciable widths are significant as they come after a hiatus in drilling at the Airstrip since 2021. The results underscore the potential of the Airstrip deposit as a key component for the rapid increase of near-surface high-grade gold ounces at AurMac. This is crucial for the project's economics, as near-surface mineralization is generally easier and less expensive to mine.



The AurMac Project has an inferred Mineral Resource Estimate (MRE) of 7.0 million ounces of gold, with an effective date of February 6, 2024. The recent drilling results at the Airstrip Deposit have the potential to increase the overall resource estimate for the AurMac Project. The results from the nine (9) diamond drillholes collared within the Airstrip Deposit, targeting the western portion of the deposit, demonstrate high grade gold intervals near-surface over appreciable widths. These results showcase the potential for resource expansion at the Airstrip Deposit.

The successful 2024 AurMac exploration program, combined with record high gold prices, have strategically positioned Banyan for a Resource update, Preliminary Economic Assessment (“PEA”); and, importantly, has provided clear exploration and definition drill targets for 2025. The Airstrip Deposit is expected to play a significant role in the project's economics and mine planning, as it has the potential to be a significant contributor to the overall economics of the AurMac Project.

In conclusion, the recent drilling results from the Airstrip Deposit at AurMac have significant implications for the project's economics and mine planning. The high-grade gold intervals near-surface over appreciable widths suggest that the deposit may have potential for economic viability, especially considering the near-surface nature of the mineralization. The results also underscore the potential of the Airstrip deposit as a key component for the rapid increase of near-surface high-grade gold ounces at AurMac. The AurMac Project is strategically positioned with existing road and hydro power infrastructure, which further enhances its potential. As Banyan continues to explore and develop the AurMac Project, investors should keep a close eye on the company's progress and the potential impact of the Airstrip Deposit on the project's economics.