Banyan Gold Delivers Resource Update Delineating Higher-Grade Continuous Zones At AurMac
Banyan Gold delivered on its goal of outlining higher-grade near surface zones of mineralization that could serve as potential future starter pits.
After enduring a challenging 2024, Banyan Gold (TSX-V:BYN, OTC:BYAGF) is emerging with a refreshed vision in 2025. Despite boasting a large 6-7 million ounce inferred gold resource in 2024, the company didn’t receive any love. In fact, as recently as January amid a $2500+ gold price environment, the market valued Banyan’s gold ounces in the ground at only $5/oz.
The good news for Banyan shareholders is that low valuation has begun to change for the better.
This morning, Banyan published a resource update for its AurMac Project in the Yukon totaling 7.7 million ounces of gold in all categories. But perhaps most importantly this resource update shows a significant upgrading of 2,274,000 ounces from inferred to the indicated category. In addition, higher-grade zones at Airstrip/Powerline now total more than 4,500,000 ounces with an average grade of nearly 1 g/t gold.
Banyan Gold CEO Tara Christie stated:
“Within the sensitivity table, the contiguous higher-grade zones are highlighted with 1.42 Moz of Indicated Mineral Resources at 0.95 g/t (46.4 M tonnes) and 3.13 Moz of Inferred Mineral Resources at an average gold grade of 0.98 g/t (99.2 M tonnes), at the 0.55 g/t gold cut off.
This update achieved the primary objectives of last year’s program, which were to convert over 2 million ounces into Indicated Mineral Resources with a refined geological model and importantly identify near surface, high-grade areas.”
The key takeaways from this update include:
Using a .55 g/t cut off, contiguous higher-grade zones at AurMac total 1.42 million ounces of Indicated Mineral Resources at 0.95 g/t (46.4 M tonnes) and 3.13 Moz of Inferred Mineral Resources at an average gold grade of 0.98 g/t (99.2 M tonnes).
Higher grade (nearly 1 g/t Au) starter pits take shape at both the Powerline and Airstrip Deposits - substantial higher grade gold footprint at western side of Powerline pit shell ( < 200 meters depth from topographic surface).
2024/25 objective of converting over 2 million ounces into Indicated Mineral Resources in a near surface, higher-grade contiguous mineralized pit-shell has been achieved.
The updated MRE comprises an Indicated Mineral Resource of 2.274 million ounces of gold (112.5 M tonnes at 0.63 g/t) and an Inferred Mineral Resource of 5.453 Moz of Au (280.6 M tonnes at 0.60 g/t).
It’s also worth noting that this resource update used a US$2,050 gold price. While some investors want to see what the deposit looks like using a .5 or .6 g/t cut off grade, in all likelihood any future open-pit mining operation at AurMac will include mining mineralization with grades as low as .2 g/t gold.
The game changer for Banyan both in terms of the reality of the deposit model AND investor perception is the delineation of a continuous higher-grade near surface mineralization footprint located in the western ½ of the Powerline Deposit:
This higher-grade starter pit area of Powerline gives Banyan a strong foundation for an envisioned long-lived future open-pit mining operation.
BYN.V (Daily)
Drilling is ongoing at AurMac with 3 drill rigs on site and more than 18,000 meters of diamond drilling completed thus far in 2025. It’s also important to emphasize that today’s resource update does not incorporate 2025 drilling, including the recently announced high-grade drill results from the Airstrip Deposit that includes a 38.1 meter intercept grading 3.95 g/t gold.
After enduring challenging market environments in 2023/24, 2025 is poised to be a year of reawakening for Banyan Gold.
Disclosure: Author owns BYN.V shares at the time of publishing and may choose to buy or sell at any time without notice.
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