202638 releases
Banyan Extends Mineralization into the Airstrip–Powerline Gap at AurMac, Yukon, Intersects 1.34 g/t Au over 20.2 metres and 1.18 g/t Au over 27.5 metres
Banyan Gold reports six drillholes from the Airstrip Deposit at its AurMac Project in Yukon, Canada, including AX-26-921, which intersected 1.34 g/t Au over 20.2 metres and 1.18 g/t Au over 27.5 metres in the gap between the Airstrip and Powerline Deposits. Results from the other five holes (AX-26-904, -908, -909, -913 and -915) highlight extensions to higher-grade zones in central Airstrip.
Drill resultsBanyan Gold Intersects 1.88 g/t Gold over 17.9 Metres in the Gap Between Airstrip and Powerline, and Identifies High-Grade Gold in Airstrip Footwall at AurMac, Yukon, Canada
Drilling in the gap between the Airstrip and Powerline deposits at the AurMac Project, Yukon, returned 1.01 g/t gold over 36.1 m from 9.0 m in hole AX-26-942, including 1.88 g/t over 17.9 m and 28.70 g/t over 0.8 m. At Airstrip, holes AX-26-729 and AX-26-730 returned 1.19 g/t Au over 12.1 m and 6.79 g/t Au over 3.3 m from footwall horizons outside the conceptual pit boundary. Banyan targets completion of its first Preliminary Economic Assessment in Q4 2026.
Drill resultsBanyan Gold Closes $54.3 Million Financing
A brokered private placement of 23,156,500 common shares at $2.00 per share closed for gross proceeds of $46,313,000, led by Canaccord Genuity Corp. as lead agent and sole bookrunner. A concurrent non-brokered placement of 4,000,000 shares at $2.00 raised an additional $8,000,000, with insiders purchasing 250,000 shares. Net proceeds will fund Banyan Gold's Yukon projects, including AurMac and Nitra, and general corporate and working capital purposes; both placements remain subject to final TSX Venture Exchange approval.
FinancingBanyan Announces Franco-Nevada Subscription for 10 Million Shares in Previously Announced Financing
Franco-Nevada Corporation has subscribed for 8,250,000 shares under Banyan Gold's best efforts private placement and 1,750,000 shares under the concurrent non-brokered private placement, both announced September 20, 2026. All other terms of the two offerings remain unchanged. Shares issued under the LIFE offering are not subject to a hold period, while those under the concurrent offering carry a four month and one day statutory hold period.
FinancingBanyan Announces $50 Million LIFE Offering and Concurrent $8 Million Private Placement
A best efforts private placement of up to 25,000,000 shares at $2.00 per share for gross proceeds of up to $50,000,000 has been arranged with Canaccord Genuity Corp. as lead agent and sole bookrunner, under the listed issuer financing exemption, with closing expected on or about September 29, 2026. Concurrently, Banyan intends to issue up to 8,000,000 shares at $2.00 on a non-brokered basis for up to $8,000,000. Proceeds will advance the Company's Yukon projects and for general corporate and working capital purposes.
FinancingBanyan Gold Intersects 1.05 g/t Gold over 52.8 Metres and Bonanza-Grade Gold at Powerline Deposit, AurMac, Yukon, Canada
Drilling at the Powerline Deposit, AurMac Project, Yukon returned 1.05 g/t gold over 52.8 m in hole AX-26-892B (within 0.87 g/t over 69.7 m), and 149.14 g/t gold over 0.4 m in AX-26-891 within a wider 0.56 g/t over 169.2 m interval. Other holes included 1.15 g/t over 13.9 m (AX-26-876) and 1.01 g/t over 17.2 m (AX-26-895). The Company also granted 970,000 stock options at $1.90, exercisable for five years.
Drill resultsBanyan Gold to be Added to the GDXJ, the VanEck Junior Gold Miners ETF
Banyan Gold will be added to the MVIS Global Junior Gold Miners Index, the underlying index for the VanEck Junior Gold Miners ETF (GDXJ), following the index's September 2026 review and rebalance. The change will be implemented based on closing prices as of Friday, September 18, 2026, and becomes effective prior to market open on Monday, September 21, 2026. Banyan trades on the TSX-V as BYN and on the OTCQB as BYAGF.
CorporateBanyan Gold Confirms New Gold-Silver Discovery at Seattle Creek with 5.70 g/t Au and 544 g/t Ag over 0.5m, Nitra Project, Yukon
The first drillhole at the Seattle Creek zone on the Nitra Project in Yukon's Mayo Mining District, 25 km west of the AurMac Deposit, returned 0.91 g/t gold and 27.01 g/t silver over 12.1 m from 41.7 m, including 4.04 g/t Au over 1.4 m, within which 0.5 m returned 5.70 g/t Au and 544 g/t Ag. Only the top 95 m of the 600 m hole NT-26-006 has been assayed; remaining assays are pending. Seattle Creek is the second of eleven targets being drill tested in 2026, with more than 7,500 m planned.
Drill resultsBanyan Gold Intersects 13.03 g/t Au over 14.2m at Powerline North, AurMac, Yukon, Canada
Drillhole AX-26-874 at the Powerline North area of the AurMac Project in Yukon returned 13.03 g/t Au over 14.2 metres, including 142.70 g/t Au over 1.0 metre, plus 0.80 g/t Au over 54.5 metres. Other holes returned 1.86 g/t Au over 13.9 metres (AX-26-840), 1.42 g/t Au over 13.5 metres (AX-26-871) and 1.17 g/t Au over 11.2 metres (AX-26-832). The intercept extends mineralization toward the largely undrilled gap between the Powerline and Airstrip deposits, an area currently classified as unmineralized in the resource model.
Drill resultsBanyan Gold Intersects High-Grade Mineralization at Newly Identified Roaring Fork Zone, Visible Gold at Seattle Creek Zone, Nitra Project, Yukon
First drilling at the Nitra Gold Project, about 25 km west of the AurMac Deposit in Yukon's Mayo Mining District, returned 1.62 g/t gold over 5.0 m, including 17.80 g/t over 0.4 m, from hole NT-26-001 at the newly identified Roaring Fork zone; assays cover only the top 285 m, with the remainder plus NT-26-002 and NT-26-006 pending. Visible gold was logged in hole NT-26-006 at the Seattle Creek zone, 5 km north. The program will drill over 7,500 metres testing 11 targets, with a third drill mobilizing.
Drill resultsBanyan Gold Continues to Delineate High-Grade in Powerline Southwest, AurMac Project, Yukon, Canada
Diamond drilling southwest of the main high-grade core at the Powerline Deposit, AurMac Project, Yukon, returned 1.55 g/t Au over 5.4 m and 2.08 g/t Au over 4.1 m, within 0.55 g/t Au over 151.3 m in hole AX-26-865; AX-26-855B returned 2.44 g/t Au over 5.0 m, including 15.76 g/t Au over 0.6 m, and AX-26-859 returned 1.49 g/t Au over 8.8 m, including 14.40 g/t Au over 0.8 m. Over 33,000 m of the 70,000 m program is complete.
Drill resultsBanyan Gold Advances AurMac Toward a PEA with Engagement of Leading Mining Consultants, Yukon, Canada
AMC Mining Consultants (Canada) Ltd., Lycopodium (Americas) Ltd., BGC Engineering Inc. and other independent contractors have been engaged to complete the first Preliminary Economic Assessment on the AurMac Project in Yukon, expected in Q4 2026. The PEA will incorporate the May 15, 2026 mineral resource estimate of 3.639 Moz indicated gold (167.3 Mt at 0.68 g/t) and 4.985 Moz inferred (267.2 Mt at 0.58 g/t). Banyan's 2026 drill program allocates 60,000 m to the deposit and 10,000 m to new regional targets.
Study resultsBanyan Gold Expands High-Grade Domains at Powerline, AurMac Project, Yukon, Canada
Diamond drilling west of the main high-grade core at the Powerline Deposit, AurMac Project, Yukon, returned 0.79 g/t Au over 13.9 m and 1.94 g/t Au over 7.6 m in hole AX-26-833, 1.38 g/t Au over 7.7 m within 0.61 g/t Au over 21.1 m in AX-26-834, 1.00 g/t Au over 13.7 m within 0.47 g/t Au over 41.3 m in AX-26-841, and 1.06 g/t Au over 9.6 m in AX-26-861, including 6.29 g/t Au over 1.0 m. Some intervals lie outside the 2026 MRE conceptual pit boundary.
Drill resultsBanyan Gold Files Technical Report for AurMac Project, Yukon, Canada
A NI 43-101 technical report dated June 26, 2026 supporting the updated mineral resource estimate for the AurMac Project in the Mayo Mining District, Yukon, has been filed on SEDAR+. The estimate, effective May 15, 2026, comprises an Indicated Mineral Resource of 3.64 million oz gold (167.3 M tonnes at 0.68 g/t) and an Inferred Mineral Resource of 4.98 M oz gold (267.2 M tonnes at 0.58 g/t), pit-constrained at a 0.30 g/t cut-off across the Airstrip and Powerline deposits.
Study resultsBanyan Gold Intersects 5.58g/t Au Over 21.7 m in New High-grade Gold Zone at the Powerline Deposit, AurMac Project, Yukon, Canada
Diamond drilling southwest of the main high-grade core at the Powerline Deposit, AurMac Project, Yukon, returned 5.58 g/t Au over 21.7 m in hole AX-26-853, including 11.87 g/t Au over 10.1 m and 62.66 g/t Au over 1.8 m. Other holes returned 2.51 g/t Au over 11.7 m and 2.75 g/t Au over 9.3 m (AX-26-829, including 39.80 g/t Au over 0.5 m), 0.99 g/t Au over 9.4 m (AX-26-826) and 1.29 g/t Au over 8.0 m (AX-26-835).
Drill resultsBanyan Gold Commences Greenfields Diamond Drilling at Nitra Project, Yukon
A 2026 greenfields diamond drilling program has begun at the Nitra Project in Yukon's Tombstone Gold Belt, with two helicopter-supported drills and over 7,500 m allocated to testing regional targets identified by geophysical surveys and surface work, targeting Reduced Intrusion-Related Gold Systems. Ten targets have been identified across Nitra and the broader AurMac property, with over 95% of the ground untested by drilling. At AurMac, drilling began in February and over 28,000 m has been completed, with a preliminary economic assessment planned for H2-2026.
Drill resultsBanyan Gold Completion of Property Acquisition from Generic Gold
The acquisition of a 100% interest in Generic Gold Corp.'s Yukon exploration portfolio has closed, comprising 2,158 claims across the Goodman, Seattle, VIP, Summit and Livingstone claim blocks in the Tintina Gold Belt, for 2,142,857 Banyan common shares at a deemed price of $1.40 per share. The properties carry a 1% net smelter returns royalty on specific claims. The board also granted 50,000 stock options at $1.15 per share, vesting over 18 months with a five-year term.
AcquisitionBanyan Gold Announces Property Acquisition from Generic Gold
A definitive agreement has been signed to acquire a 100% interest in Generic Gold Corp.'s entire Yukon exploration portfolio, comprising 2,158 claims across the Goodman, Seattle, VIP, Summit and Livingstone claim blocks in the Tintina Gold Belt, covering roughly 350 square kilometres. Consideration is $3,000,000 in shares, through the issuance of 2,142,857 Banyan common shares at a deemed price of $1.40 per share, subject to a four-month-and-one-day statutory hold and a contractual one-year hold. The properties carry a 1% net smelter returns royalty on specific claims, and closing requires TSX Venture Exchange approval.
AcquisitionBanyan Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, Canada
An updated NI 43-101 mineral resource estimate for the AurMac Project in Yukon, with an effective date of May 15, 2026, contains Indicated resources of 3.64 million ounces of gold (167.3 M tonnes at 0.68 g/t) and Inferred resources of 4.98 M oz (267.2 M tonnes at 0.58 g/t) at a 0.30 g/t cut-off. Indicated contained ounces rose 60% and Indicated grade 8% versus the 2025 MRE, incorporating 42,000 m from 178 drill holes. A Preliminary Economic Assessment is expected in the second half of 2026.
Resource updateBanyan Provides Summary of 2025 Diamond Drill Program for the Flagship AurMac Project, Yukon, Canada
The 2025 AurMac delineation drill program in Yukon, Canada comprised 42,000 metres in 178 drillholes, drilled from March 27, 2026 to November 10, 2026, targeting high-grade domain and mineralized envelope extensions and waste block conversion ahead of a Preliminary Economic Assessment expected in the second half of 2026. Results included sheeted quartz vein domains with bismuth-sulphosalts and visible gold at the Powerline Deposit, and sulphide replacement and skarn-style mineralization at the Airstrip Deposit.
CorporateBanyan Gold Announces Closing of $46.5 Million Private Placement
A $46.5 million private placement closed, comprising 15,500,000 flow-through shares at $1.918 for gross proceeds of $29.7 million and 12,000,000 common shares at $1.40 for $16.8 million. Shares are subject to a hold period expiring September 7, 2026, and the offering remains subject to final TSX Venture Exchange approval. Flow-through proceeds will fund Canadian exploration expenses on Banyan's Yukon projects by December 31, 2027, supporting 70,000 metres of drilling at the AurMac Project.
FinancingBanyan Gold Announces $46.5 Million Private Placement
A private placement for gross proceeds of up to $46.5 million was arranged, comprising up to 15,500,000 flow-through shares at $1.918 each for up to $29.7 million and up to 12,000,000 common shares at $1.40 each for up to $16.8 million. Closing is expected on or about May 6, 2026, subject to definitive agreements and TSX Venture Exchange approval, with existing shareholders participating and no finders' fees. Proceeds will advance the AurMac Project in Yukon, expand the 2026 drill program and fund working capital.
FinancingBanyan Gold Continues to Intersect High-Grade Gold in Powerline, AurMac Deposit, Yukon, Canada
Additional 2025 drill results from the Powerline Deposit at the AurMac Project in Yukon include AX-25-739 with 1.55 g/t gold over 9.9 m and 0.84 g/t over 18.7 m (including 8.76 g/t over 1.5 m), AX-25-818 with 1.57 g/t over 6.6 m, and AX-26-820 with 0.86 g/t over 10.2 m, from areas classified as waste in the 2025 resource block model. Eastern Powerline results include AX-25-786 at 0.73 g/t over 75.8 m, with 27.9 g/t over 1.5 m. Five drills are operating, with over 7,500 m completed.
Drill resultsBanyan Gold Strengthens Its Management Team, Appoints Patrick Langlois as Vice President, Strategy and Corporate Development
Patrick Langlois has been appointed Vice President, Strategy and Corporate Development at Banyan Gold, effective March 30, 2026. He was previously CFO and VP Corporate Development at Probe Gold Inc. (2015–2026) and has executed over $1.3 billion of mining and resource M&A transactions. The 2026 exploration program at the AurMac Project in Yukon is underway with five drills on site and 5,749 metres drilled to date. The board also granted 850,000 stock options at $1.10 per share, vesting over 18 months with a five-year term.
ManagementBanyan Gold Continues to Intersect High-Grade Gold Mineralization in Airstrip, Yukon, Canada
Drill results from the Airstrip Deposit at the AurMac Project in Yukon include AX-25-708 with 3.66 g/t gold over 17.6m, including 6.80 g/t over 9.3m and 35.98 g/t over 1.6m, plus 1.49 g/t over 8.8m and 0.59 g/t over 50.1m. Other holes returned 2.99 g/t over 5.7m (AX-25-782), 1.27 g/t over 8.5m (AX-25-784) and 0.50 g/t over 102.7m (AX-25-804). Results from 56 holes of the 2025 program remain pending, with four drills currently operating.
Drill resultsBanyan Gold Provides Update on Pre-Existing Underlying Royalty Purchase, AurMac Project, Yukon, Canada
Franco-Nevada Corporation has entered a royalty purchase agreement with PricewaterhouseCoopers Inc., receiver for Victoria Gold Corp., to buy for $52.2 million the pre-existing net smelter return royalty covering the McQuesten and Aurex properties at Banyan Gold's AurMac Project in Yukon, per documents filed in the Ontario court on February 26, 2026. The royalty area covers 92.6 km2 (510 claims), about 13% of the 720 km2 project, and includes the existing Resource. The agreement requires Ontario Superior Court of Justice approval. Banyan issued a 6% NSR to Victoria on those properties in July 2025, reducible to 1% for a one-time $10M payment.
AcquisitionBanyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada
Drilling at the Powerline Deposit on the AurMac Project in Yukon returned 1.82 g/t gold over 26.2m and 4.64 g/t over 7.7m within 1.06 g/t over 49.6m in AX-25-819, including 19.90 g/t over 1.5m, plus 2.10 g/t over 14.0m and 5.08 g/t over 5.0m in AX-25-821, 1.57 g/t over 6.6m in AX-25-814 and 1.70 g/t over 5.8m in AX-25-801, with associated visible gold. The 2026 drill program is underway with five drills on site.
Drill resultsBanyan Gold Recognized as a 2026 TSX Venture 50 Company
Banyan Gold was named to the 2026 TSX Venture 50, the annual ranking of the top fifty performing companies on the TSX Venture Exchange out of more than 1,600 issuers, based on market capitalization growth, share price appreciation and Canadian consolidated trading value during 2025. The company cited 2025 share price appreciation of 379% and market cap growth exceeding 500%. Its main asset is the AurMac Project in Yukon, with an Indicated Resource of 2.274 Moz gold and Inferred of 5.453 Moz.
CorporateBanyan Gold Intersects More High-Grade Mineralization in Powerline with Increased Instances of Visible Gold, Yukon, Canada
Drill results from the central Powerline Deposit at the AurMac Project in Yukon include AX-25-798 with 0.61 g/t Au over 239.2m, containing 2.00 g/t Au over 25.0m, 4.59 g/t Au over 5.0m and high-grade intervals of 26.61 g/t Au over 0.6m and 18.10 g/t Au over 1.5m. Other holes returned 1.32 g/t Au over 8.7m (AX-25-805), 0.67 g/t Au over 32.9m (AX-25-816) and 3.04 g/t Au over 6.1m (AX-25-823). Visible gold was identified in every hole across an over 500m long zone, ahead of a resource update and Preliminary Economic Assessment.
Drill resultsBanyan Gold Strengthens Technical Team with Appointments of John Robins as Strategic Advisor and Key ESG Position
John Robins has been appointed Independent Strategic Advisor and Allison Rippin Armstrong joins management as Senior Sustainability Manager at Banyan Gold. Robins is a geologist and mining entrepreneur with over 35 years of experience, involved in the sales of Great Bear Resources to Kinross ($1.8B), Great Bear Royalties to Royal Gold ($200M) and Kaminak Gold to Goldcorp ($510M). Rippin Armstrong has over 30 years in permitting, regulatory processes and environmental compliance, previously VP Sustainability at Kaminak Gold.
ManagementBanyan Gold Extends Airstrip and High-Grade Mineralization to 350m Vertical Depth, Yukon, Canada
Drilling at the Airstrip Deposit on the AurMac Project in Yukon, Canada intersected 1.37 g/t Au over 38.0 m in hole AX-25-817, including 15.87 g/t Au over 2.2 m, at approximately 350 m vertical depth and over 350 m down-dip of previous intersections. Other results included AX-25-799 with 7.04 g/t Au over 6.0 m within 0.68 g/t Au over 125.5 m, including 29.30 g/t Au over 1.4 m, and AX-25-807 with 1.93 g/t Au over 10.4 m and 1.00 g/t Au over 36.1 m within 0.64 g/t Au over 145.5 m.
Drill resultsBanyan Gold Intersects High-Grades and Visible Gold at AurMac, Yukon, Canada
Drill results from the AurMac Project in Yukon include, at the Aurex Hill Zone of the East Powerline Deposit, hole AX-25-796 grading 0.84 g/t Au over 38.9m within 0.64 g/t Au over 76.0m, including 26.35 g/t Au over 0.5m, and AX-25-802 at 2.82 g/t Au over 11.8m within 0.78 g/t Au over 51.1m. At Airstrip, AX-25-792 returned 4.25 g/t Au over 3.3m and AX-25-731 returned 2.27 g/t Au over 5.0m. Core will be displayed at AME Roundup booth 823 on January 28-29, 2026.
Drill resultsBanyan Gold Intersects Multiple High-Grade Mineralization Occurrences in Powerline and Airstrip Deposits, AurMac, Yukon, Canada
Drilling at the AurMac Project in Yukon returned 1.10 g/t Au over 66.6m in hole AX-25-773, including 3.79 g/t Au over 7.6m, plus 0.95 g/t Au over 29.6m; AX-25-764 returned 0.88 g/t Au over 55.3m including 1.37 g/t Au over 30.8m, and AX-25-803 returned 1.64 g/t Au over 22.3m including 5.60 g/t Au over 4.4m, with assays pending from the hole's top 100m. Visible gold was intersected at Powerline and high-grade skarn mineralization at Airstrip. Results are expected to continue through February.
Drill resultsBYN CEO Year In Review Letter 2026
Corporate
202528 releases
Banyan Gold District Consolidation with Claim Purchase, AurMac Project, Yukon
Banyan Gold has purchased a 100% interest in the Trail-Minto Claims, 229 quartz claims covering 46 sq km between its AurMac and Nitra properties in Yukon, from Mayo Lake Minerals Inc. for $1,000,000 cash and a 2% NSR, which Banyan may reduce to 1% with a $1,000,000 payment. All other previous royalties have been eliminated. The acquisition creates a contiguous land package of almost 720 sq km around AurMac.
AcquisitionBanyan Gold Continues to Extend Powerline Mineralization Beyond Existing Resource and Between Deposits, AurMac, Yukon, Canada
Diamond drilling at the Powerline Deposit, AurMac Project in Yukon returned 4.60 g/t Au over 5.9 m within 0.64 g/t Au over 55.4 m, including 14.90 g/t Au over 1.5 m, in AX-25-724; 1.15 g/t Au over 10.5 m within 0.74 g/t Au over 45.5 m in AX-25-690; and 4.27 g/t Au over 2.0 m within 0.62 g/t Au over 28.6 m in AX-25-694. The results extend mineralization southwest of the main deposit and between Powerline and Airstrip. The 2025 program is complete with 178 holes over 42,700 m.
Drill resultsBanyan Gold Grants Incentive Stock Options
The board granted 5,060,000 stock options to purchase 5,600,000 shares at an exercise price of $1.00 per share, with a vesting period of up to 18 months and a five-year term. The options were issued to consultants, employees, advisors and exploration staff under the Company's stock option plan, subject to the annual compensation review.
CorporateBanyan Gold Intersects 3.66 g/t over 17.6 m Continuing to Extend High-Grade Mineralization in Airstrip Deposit, AurMac Project, Yukon, Canada
Drilling at the Airstrip deposit on the AurMac Project in Yukon returned 3.66 g/t Au over 17.6 m in hole AX-25-708, including 6.80 g/t Au over 9.3 m and 35.98 g/t Au over 1.6 m, plus 2.04 g/t Au over 11.4 m in AX-25-703 and 1.36 g/t Au over 15.3 m in AX-25-712. The company says the high-grade core extends over 500 m along strike and nearly 300 m down dip. Banyan also granted 230,000 stock options at $0.91 per share.
Drill resultsBanyan Gold - Silver Discovery with New Drilling Confirming the 2021 Results of 1841.14 g/t Ag over 16.8m at AurMac, Yukon, Canada
Visible silver mineralization has been intersected in the current drill program at the Powerline Deposit, AurMac Project, Yukon, confirming high-grade silver first drilled in 2021. Reported intercepts include 1,841.14 g/t Ag over 16.8 m within 302.68 g/t Ag over 103.6 m in AX-21-142, including 14,629 g/t Ag over 1.1 m, plus 7.93 g/t Ag over 162.3 m in AX-21-143 and 10.38 g/t Ag over 18.6 m in AX-21-161. Assays from hole AX-25-803, which intersected the Keno-style vein from 116–118.7 m, are pending.
Drill resultsBanyan Announces Updated Pit-Constrained Mineral Resource Estimate for Hyland Gold Project, Yukon, Canada
An updated pit-constrained mineral resource estimate for the Hyland Project, Yukon, with an effective date of September 1, 2025, reports Indicated resources of 337k oz gold and 2.63M oz silver (11.3M tonnes at 0.93 g/t Au and 7.27 g/t Ag) and Inferred resources of 118k oz gold and 0.86M oz silver (3.9M tonnes at 0.95 g/t Au and 6.94 g/t Ag), at a 0.5 g/t AuEq cut-off. The estimate incorporates drilling through 2018, with a supporting NI 43-101 technical report filed on SEDAR+.
Resource updateBanyan Gold Drills 1.90 g/t Au over 17.3m and Extends High-Grade Domains in Core of Powerline Deposit, Yukon, Canada
Drilling in the core of the Powerline Deposit at the AurMac Project in Yukon returned 2.69 g/t Au over 11.8m within 0.65 g/t Au over 72.5m (AX-25-697), 1.90 g/t Au over 17.3m and 3.07 g/t Au over 3.6m (AX-25-700), 16.68 g/t Au over 1.1m within 2.39 g/t Au over 8.1m at surface (AX-25-706), and 2.55 g/t Au over 6.4m (AX-25-709B). Over 30,000m in 130 holes has been drilled this year; following a $31.4-million investment by Alpayana, the program was upsized to 40,000m with a fourth rig.
Drill resultsBANYAN GOLD ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Shareholders at the Annual General and Special Meeting held October 20, 2025 elected all five director nominees, with support ranging from 99.64% to 99.88% of votes cast. A total of 160,626,338 common shares were voted, representing 42.64% of outstanding shares. De Visser Gray LLP was reappointed as auditor with 160,400,339 votes for (99.86%), and the Stock Option Plan was approved with 135,031,308 votes for (98.65%).
CorporateBanyan Announces Closing $31.4 Million Private Placement with Strategic Investor
A non-brokered private placement closed for aggregate gross proceeds of $31,389,000, comprising 23,700,000 flow-through shares at $0.97 for $22,989,000 and 12,000,000 common shares at $0.70 for $8,400,000, all purchased by Peru- and Mexico-based miner Alpayana S.A.C. Flow-through proceeds will fund Canadian exploration expenses on Banyan's Yukon projects by December 31, 2026, renounced effective December 31, 2025, with the remainder for general and administrative expenses. Shares are subject to a hold period expiring February 16, 2026, and the offering requires final TSXV approval.
Financing