- Banyan Gold (TSXV:BYN) completed an intercept grading higher than 10,000 grams per ton of silver at its 303-square-kilometre AurMac project in the Yukon
- Banyan Gold is advancing a portfolio of highly prospective gold projects in the Yukon
- The junior gold and silver stock has added 550 per cent year-over-year and 465.22 per cent since 2021
Banyan Gold (TSXV:BYN) completed an intercept grading higher than 10,000 grams per ton (g/t) of silver at its 303-square-kilometre AurMac project in the Yukon.
The intercept, located near previous drillholes in the Ag-1 vein at the Powerline deposit, reinforces the 2025 drill program’s validation of the presence of substantially high-grade Keno-style silver mineralization. Here are the highlights:
- AX-25-803: 5,625 g/t silver over 3.4 metres (m) within 1,841 g/t silver over 10.4 m, including 10,734 g/t silver over 1.7 m. The drillhole is only 90 m away from 2021’s AX-21-142, which yielded 1,841.14 g/t silver over 16.8 m within 302.68 g/t silver over 103.6 m, including a pair of intervals exceeding 10,000 g/t silver.
- AX-25-790: 110.7 g/t silver over 0.8 m within 22.06 g/t silver over 5.7 m.
- AX-25-715: 132 g/t silver over 0.5 m within 7.25 g/t silver over 13.7 m.
AurMac’s resource estimate details 2.274 million ounces of gold indicated and 5.453 million ounces inferred, representing more than US$37 billion in the ground, with an abundance of high-grade targets on deck to potentially delineate a larger, more continuous vein system.
The project is complemented by the company’s nearby, more than 125-square-kilometre Hyland project, whose sediment-hosted, intrusion-related gold deposit is estimated to contain 337,000 ounces of gold and 2.63 million ounces of silver indicated, as well as 118,000 ounces of gold and 860,000 ounces of silver inferred, with mineralization remaining open along strike to the north, south and at depth.
Management commentary
“The high-grade Keno-style veins overprinting the gold mineralization represent a compelling new potential target for Banyan,” Tara Christie, president and chief executive officer of Banyan Gold, said in Thursday’s news release. “Being able to successfully target this specific narrow, high-grade vein structure at depth is a technical success on top of the prospectivity for additional veins of silver mineralization we are finding in the Ag-1 vein zone. Parallel veins intersected in both current and historic drilling further reinforce the scale and exploration potential of the targeted zone.”
“These high-grade silver results from hole AX-25-803 confirm continuity of the Ag-1 vein in central Powerline intersected originally in 2021, roughly 20 m apart at depth,” added Duncan Mackay, Banyan’s vice president of exploration. “The high-grade veins take advantage of different, steeply dipping, late brittle structures that strike northeast-southwest, different than the sheeted veins that host gold mineralization. We are working to determine the extent and potential for repetition of the thicker high-grade veins we see in holes AX-21-142 and AX-25-803 and improve targeting of silver mineralization across the deposit. Drillhole AX-25-803 was successful in confirming the orientation of the brittle structure and will help target extensions of the Ag-1 vein zone. Additional intersections in AX-25-790 and AX-25-803 indicate potential for sub-parallel veins adjacent to Ag-1; further testing will work to confirm the orientation and continuity of Ag-2 and Ag-3.”
About Banyan Gold
Banyan Gold is advancing a portfolio of highly prospective gold projects in the Yukon.
Banyan Gold stock (TSXV:BYN) is up by 3.17 per cent on the news trading for C$1.30 as of 10:13 am ET. The stock has added 550 per cent year-over-year and 465.22 per cent since 2021.
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