In this KE Report company update, I’m joined by Tara Christie, President and CEO of Banyan Gold (TSX.V:BYN – OTCQB:BYAGF), and Duncan MacKay, Vice President of Exploration. Banyan is advancing its flagship AurMac Gold Project in the Yukon, where a fully funded 30,000-meter drill program is underway.
Key points include:
- Drill Progress: Over 16,000 meters completed to date, with three rigs turning since April. Focus is on expanding and upgrading high-grade zones at the Powerline and Airstrip Deposits, which collectively host over 7 million ounces of gold.
- Visible Gold Discovery: Duncan details the first-ever visible gold seen at Airstrip, intersected within a high-grade skarn zone. This opens up new geological potential and supports the broader intrusion-related gold system model.
- Targeting and Modeling: Banyan has upgraded its logging and data systems, enabling real-time 3D geological modeling. This enhances drill targeting precision, especially in zones that could support a starter pit in the upcoming PEA.
- Regional Exploration: The team is allocating ~10% of drilling to test regional targets outside the current resource area, including underexplored zones with strong soil and geophysical signatures.
- Catalysts Ahead: Expect drill results from July through November, with a Preliminary Economic Assessment (PEA) planned for Q4 2025.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.