Banyan Drills 39.7 Metres of 1.92 Grams per Tonne Gold at Powerline Deposit

Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) has announced impressive analytical results from its 2024 AurMac definition drilling program, with highlights including 39.7 metres of 1.92 grams per tonne ("g/t") gold from the Powerline Deposit on the AurMac Project in the Mayo Mining District, Yukon. This high-grade intersection, along with other recent results, has significant implications for the project's economics and future development plans.

The Powerline Deposit, contained within a metasedimentary package of schists, quartzites, and limestones, is characterized by low-angle quartz-sulfosalt-arsenopyrite veins crosscutting all lithologies. Gold mineralization is interpreted to be associated with a large intrusion-related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits. The recent drilling results have confirmed areas of consistent higher-grade mineralization within the Powerline Deposit and strengthened geological controls on the Resource model, suggesting the potential for broader scale mineralization beyond the Resource update anticipated in Q2, 2025.

The high-grade nature of the intersection may allow for a lower cut-off grade to be used in the project's economic studies, further enhancing the project's economics. Additionally, the high-grade intersection highlights the potential for broader scale mineralization beyond the current Resource update, which could lead to the identification of additional high-grade zones and the expansion of the project's Mineral Resource Estimate. This could have a significant impact on the project's future development plans, potentially leading to the creation of a larger mining pit that integrates both the Powerline and Airstrip Deposits.

Banyan Gold Corp. is well-positioned to capitalize on the growing interest in gold mining, with a strong balance sheet and a team of experienced professionals. The company's focus on exploration and development at the AurMac Project, along with its commitment to community engagement and environmental baseline programs, sets it apart in the gold mining sector. As the company continues to advance its exploration and development plans, investors should keep a close eye on Banyan Gold Corp. as a potential investment opportunity in the gold mining space.