Banyan Intercepts High Grade Gold Over Significant Widths at The Powerline Deposit, AurMac Property, Yukon

Banyan Gold Corp. (TSX-V:BYN)(OTCQB:BYAGF) has announced impressive assay results from its ongoing drilling program at the Powerline Deposit within the AurMac Project, Yukon Territory. The company reported high-grade gold intercepts over significant widths, further bolstering the project's potential and strengthening its resource model.

The Powerline Deposit, contained within a metasedimentary package of schists, quartzites, and limestones of the Late Proterozoic to Cambrian Hyland Group, is characterized by low-angle quartz-sulfosalt-arsenopyrite veins that crosscut all lithologies. These veins are interpreted to be associated with a large intrusion-related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.

Key highlights from the recent assay results include:

* AX-24-557: 24.5 meters (m) of 0.85 g/t Au from 53.5 m
* AX-24-568: 40.3 m of 0.80 g/t Au from 40.3 m
* AX-24-572: 23.1 m of 0.87 g/t Au from surface
* AX-24-576: 20.9 m of 1.05 g/t Au from surface
* AX-24-578: 69.3 m of 0.35 g/t Au from 13.0 m
* AX-24-582: 32.6 m of 2.13 g/t Au from 14.0 m
* AX-24-582: 54.4 m of 0.50 g/t Au from 54.6 m
* AX-24-605: 64.1 m of 0.71 g/t Au from 48.2 m
* AX-24-608: 53.0 m of 0.61 g/t Au from 27.0 m
* AX-24-611: 82.5 m of 0.49 g/t Au from 35.0 m

These results confirm areas of consistent higher-grade mineralization within the Powerline Deposit, while strengthening geological controls on the Resource model. The validated correlation between mineralization and stratigraphy, along with geophysical work (3D geophysical interpretation and ZTEM), has identified both proximate, distal, and deep targets, emphasizing the significant growth potential for gold mineralization at AurMac.



Banyan's President and CEO, Tara Christie, stated, "This year's program has confirmed areas of consistent higher-grade mineralization within the Powerline Deposit, while strengthening geological controls on the Resource model. We are excited that this year's program has yielded valuable insights to the potential for broader scale mineralization beyond the Resource update anticipated in Q2, 2025. The validated correlation between mineralization and stratigraphy (See Figure 1), along with our geophysical work (3D geophysical interpretation and ZTEM), has identified both proximate, distal and deep targets - emphasizing the significant growth potential for gold mineralization at AurMac".

The AurMac Project currently has an inferred Mineral Resource Estimate of 7.0 million ounces of gold (as of February 6, 2024), contained in two deposits: Airstrip and Powerline. The project spans 173 square kilometers and is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power lines.

Banyan's ongoing exploration and definition drilling programs at AurMac are expected to continue to enhance the project's resource model and potential. The company's focus on high-grade areas and strategic targets, combined with its robust exploration and analytical methods, positions Banyan well for a Resource update in Q2 2025 and a Preliminary Economic Assessment (PEA) later in the year.