Banyan Gold Continues to Intersect High-Grade Gold in Powerline, AurMac Deposit, Yukon, Canada
April 7, 2026, TSX-V: BYN
VANCOUVER, BC, April 7, 2026 - Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce additional drill results with highgrade gold (“Au”) mineralization from the 2025 drill program in the Powerline Deposit (“Powerline”) at its AurMac Project (“AurMac”), Yukon, Canada.
Powerline Highlights from within areas classified as “waste” in the 2025 Resource block model:
- AX-25-739 – 1.55 g/t Gold (“Au”) over 9.9 metres (“m”), AND 0.84 g/t Au over 18.7m, including 8.76 g/t Au over 1.5m;
- AX-25-793B – 1.44 g/t Au over 7.5m, within 0.53 g/t Au over 35.0m;
- AX-25-806 – 0.98 g/t Au over 11.0m, within 0.37 g/t Au over 34.0m;
AX-25-809 – 0.81 g/t Au over 9.0m, within 0.64 g/t Au over 14.6m;
- AX-25-818 – 1.57 g/t Au over 6.6m, within 0.74 g/t Au over 16.5m;
- AX-26-820 – 0.86 g/t Au over 10.2m, within 0.48 g/t Au over 60.0m.
Eastern Powerline (previously referred to as Aurex Hill Area) Highlights detailed below, which improve continuity and expand high-grade domains in satellite pit:
- AX-25-781 – 0.87 g/t Au over 6.0m, within 0.32 g/t Au over 24.5m;
- AX-25-786 - 0.73 g/t Au over 75.8m, including high grade interval of 27.9 g/t Au over 1.5m;
- AX-25-800B – 0.70 g/t Au over 10.9m, within 0.41 g/t Au over 46.9m
“A key objective of the 2025 drill program was to optimize and improve economics for the upcoming Preliminary Economic Assessment (PEA). The drillholes in this release were strategically targeted in areas identified by the 3D model as potential zones where waste blocks could be converted into high-grade ore by extending both new and previously identified mineralized domains,” said Tara Christie, President and CEO. “These results successfully achieve that goal and demonstrate the continuity of high-grade gold mineralization associated with sheeted veins in the core and the eastern portion of Powerline Deposit.”
Figure 1: Plan map of Central Powerline with highlighted drill intervals from this release.
Figure 2: Cross-section 466950mE in Powerline (See Figure 1). High-grade mineralization associated with sheeted veins extends high-grade mineralized domains and has potential to convert near-surface waste blocks into highgrade ore while confirming continuity of the mineralization in Powerline and effective targeting based on the new geologic model.
Figure 3: Diamond drill core from AX-25-818. Sheeted veins cutting metasedimentary rocks of the Hyland group, typical of the Powerline deposit hosting trace Bismuth sulphosalts, arsenopyrite and visible gold (See Figure 2).
Figure 4: Plan map of highlight gold intersections in Eastern Powerline (Aurex Hill). Cross-sections 468900mE (Figure 5) and 469200mE (Figure 6) highlight potential waste block conversion and high-grade intervals near surface and extending up-dip at depth.
Figure 5: High-grade mineralization near surface in drillhole AX-25-800B has potential to convert additional waste blocks in the Eastern Powerline (Aurex Hill) satellite pit.
Figure 6: High-grade mineralization in drillholes AX-25-781, -783, and -786 has potential to convert near-surface waste blocks and demonstrate improved continuity in lower domains in the Eastern Powerline (Aurex Hill) satellite pit.
Table 1: Diamond drillhole assay intercepts for Powerline in this release.
| HOLE NUMBER | depth from | depth to | Au Interval (m) | Au Interval (g/t) |
| AX-25-739 15.0 22.5 7.5 0.31 and 47.4 51.6 4.2 0.28 and 68.7 69.7 1.0 0.48 and 82.6 104.8 22.2 0.30 including 99.8 104.8 5.0 0.50 including 99.8 100.0 0.2 5.25 and 123.4 133.3 9.9 1.15 including 123.4 124.6 1.2 2.79 and including 133.0 133.3 0.3 16.10 and 150.9 169.6 18.7 0.84 including 164.6 166.1 1.5 8.76 and 189.0 204.0 15.0 0.37 including 203.2 203.4 0.2 2.62 and 219.6 221.1 1.5 0.39 |
| AX-25-793B | 28.1 | 29.5 | 1.4 | 0.31 |
| and | 58.0 | 101.0 | 43.0 | 0.37 |
| including | 86.0 | 87.5 | 1.5 | 2.05 |
| and including | 98.0 | 99.5 | 1.5 | 2.24 |
| and | 118.0 | 153.0 | 35.0 | 0.53 |
| including | 119.5 | 127.0 | 7.5 | 1.44 |
| and | 179.5 | 202.5 | 23.0 | 0.34 |
| and | 227.0 | 228.5 | 1.5 | 1.06 |
| AX-25-806 | 10.0 | 44.0 | 34.0 | 0.37 |
| including | 15.0 | 16.0 | 1.0 | 5.29 |
| and including | 30.5 | 32.0 | 1.5 | 1.74 |
| and | 86.5 | 118.5 | 32.0 | 0.42 |
| including | 88.5 | 99.5 | 11.0 | 0.98 |
| including | 98.5 | 99.5 | 1.0 | 4.51 |
| and | 136.0 | 142.0 | 6.0 | 0.37 |
| and | 156.5 | 158.0 | 1.5 | 0.76 |
| and | 168.5 | 170.0 | 1.5 | 0.59 |
| and | 180.2 | 181.5 | 1.3 | 0.99 |
| and | 193.0 | 194.0 | 1.0 | 0.32 |
| AX-25-809 | 33.0 | 82.8 | 49.8 | 0.43 |
| including | 33.0 | 52.7 | 19.7 | 0.39 |
| and including | 67.8 | 70.9 | 3.1 | 1.92 |
| and | 143.5 | 158.1 | 14.6 | 0.64 |
| including | 147.5 | 156.5 | 9.0 | 0.81 |
| and | 179.0 | 180.0 | 1.0 | 0.61 |
| and | 208.7 | 209.8 | 1.1 | 0.75 |
| and | 216.4 | 220.0 | 3.6 | 0.46 |
| and | 250.5 | 258.0 | 7.5 | 0.49 |
| including | 250.5 | 252.0 | 1.5 | 1.45 |
| and | 283.4 | 285.0 | 1.6 | 2.31 |
| AX-25-811 | 29.5 | 44.7 | 15.2 | 0.40 |
| including | 29.5 | 31.4 | 1.9 | 1.87 |
| and | 82.3 | 117.6 | 35.3 | 0.37 |
| including | 82.3 | 84.0 | 1.7 | 2.65 |
| and including | 107.2 | 116.5 | 9.3 | 0.55 |
| including | 116.0 | 116.5 | 0.5 | 6.55 |
| and | 147.8 | 149.4 | 1.6 | 0.72 |
| and | 173.1 | 174.6 | 1.5 | 0.28 |
| and | 193.7 | 195.0 | 1.3 | 1.21 |
| and | 214.7 | 217.8 | 3.1 | 0.70 |
| AX-25-818 | 7.5 | 9.1 | 1.6 | 0.71 |
| and | 22.9 | 82.0 | 59.1 | 0.27 |
| including | 37.4 | 38.7 | 1.3 | 1.16 |
| including | 52.7 | 54.2 | 1.5 | 2.95 |
| including | 67.7 | 68.5 | 0.8 | 1.12 |
| and | 102.0 | 118.5 | 16.5 | 0.74 |
| including | 102.0 | 108.6 | 6.6 | 1.57 |
| including | 108.2 | 108.6 | 0.4 | 9.29 |
| and | 138.2 | 140.9 | 2.7 | 0.63 |
| and | 153.5 | 154.5 | 1.0 | 0.40 |
| and | 158.4 | 160.0 | 1.6 | 0.34 |
| and | 202.8 | 204.0 | 1.2 | 0.40 |
| and | 235.0 | 236.0 | 1.0 | 1.43 |
| including | 235.4 | 236.0 | 0.6 | 2.12 |
| AX-25-820 | 9.0 | 10.5 | 1.5 | 0.40 |
| and | 14.3 | 15.0 | 0.7 | 0.35 |
| and | 22.5 | 24.0 | 1.5 | 0.68 |
| and | 47.5 | 107.5 | 60.0 | 0.48 |
| including | 47.5 | 47.9 | 0.4 | 4.83 |
| and including | 58.6 | 59.2 | 0.6 | 1.10 |
| and including | 71.0 | 71.9 | 0.9 | 10.90 |
| and including | 82.4 | 82.8 | 0.4 | 1.52 |
| and including | 94.4 | 104.5 | 10.1 | 0.86 |
| including | 102.0 | 103.1 | 1.1 | 3.32 |
| and | 125.0 | 126.1 | 1.1 | 0.52 |
| and | 141.2 | 142.6 | 1.4 | 0.31 |
| and | 161.0 | 162.5 | 1.5 | 0.38 |
| and | 169.0 | 170.2 | 1.2 | 0.76 |
| and | 174.4 | 175.9 | 1.5 | 0.30 |
| and | 220.0 | 221.0 | 1.0 | 1.52 |
| and | 233.0 | 233.5 | 0.5 | 1.23 |
| and | 274.6 | 275.8 | 1.2 | 0.31 |
Note: Calculated true widths for drillholes with Azimuth of 000 and Dip of -60 are approx. 90% of reported drill widths.
- Calculated true widths for drillholes AX-25-811 are approx. 80% of reported drill widths.
** Calculated true widths for drillholes AX-25-818 are approx. 60% of reported drill widths.
*** Calculated true widths for drillholes AX-25-820 are approx. 85% of reported drill widths.
Table 2: Diamond drillhole assay intercepts for Eastern Powerline (Aurex Hill) in this release.
| HOLE NUMBER | depth from | depth to | Au Interval (m) | Au Interval (g/t) |
| AX-25-755 26.4 89.0 62.6 0.29 including 26.4 39.0 12.6 0.32 including 26.4 27.4 1.0 2.27 and including 38.4 39.0 0.6 2.47 and including 70.7 71.6 0.9 7.52 and 113.4 114.4 1.0 0.38 | ||||
| AX-25-757 29.0 30.5 1.5 0.36 and 40.3 41.2 0.9 0.42 and 76.9 92.3 15.4 0.36 including 89.0 89.9 0.9 1.18 and 101.0 102.5 1.5 0.48 and 108.5 110.0 1.5 0.49 and 125.7 133.2 7.5 0.43 including 131.7 133.2 1.5 1.44 | ||||
| AX-25-781 21.2 45.7 24.5 0.32 including 39.7 45.7 6.0 0.87 and 143.8 154.4 10.6 0.34 including 143.8 144.8 1.0 1.24 including 154.0 154.4 0.4 4.44 | ||||
| AX-25-783 59.5 97.0 37.5 0.35 including 82.3 97.0 14.7 0.62 and 111.5 113.0 1.5 0.77 and 120.8 122.6 1.8 0.37 and 172.4 173.3 0.9 0.63 | ||||
| AX-25-786 12.7 88.5 75.8 0.73 including 26.1 26.4 0.3 1.90 and including 87.0 88.5 1.5 27.90 | ||||
| AX-25-791 14.0 29.0 15.0 0.34 |
| and | 41.0 | 48.5 | 7.5 | 0.34 |
| and | 63.5 | 74.0 | 10.5 | 0.27 |
| including | 67.5 | 68.0 | 0.5 | 1.54 |
| and | 80.0 | 81.5 | 1.5 | 0.37 |
| and | 145.6 | 160.6 | 15.0 | 0.67 |
| including | 147.0 | 148.4 | 1.4 | 2.42 |
| including | 160.3 | 160.6 | 0.3 | 9.99 |
| AX-25-794 | 20.5 | 56.5 | 36.0 | 0.27 |
| including | 20.5 | 22.0 | 1.5 | 1.03 |
| and including | 43.0 | 56.5 | 13.5 | 0.44 |
| and | 73.5 | 82.0 | 8.5 | 0.86 |
| including | 81.0 | 82.0 | 1.0 | 4.34 |
| and | 93.0 | 115.0 | 22.0 | 0.46 |
| including | 108.3 | 109.5 | 1.2 | 7.01 |
| AX-25-800B | 9.1 | 56.0 | 46.9 | 0.41 |
| including | 19.6 | 30.5 | 10.9 | 0.70 |
| and including | 52.3 | 52.6 | 0.3 | 10.28 |
| and | 94.5 | 96.0 | 1.5 | 5.58 |
| and | 134.7 | 142.8 | 8.1 | 0.33 |
| including | 139.7 | 141.0 | 1.3 | 1.07 |
| and | 165.2 | 166.6 | 1.4 | 0.32 |
| and | 182.5 | 190.2 | 7.7 | 0.35 |
Note: Calculated true widths for drillholes are approx. 90% of reported drill widths.
Table 3: Collar Locations for Powerline drillholes in this release.
| HOLE ID | EASTING (m) | NORTHING (m) | ELEVATION | Depth (m) | Azimuth | Dip |
| (m) | ||||||
| AX-25-739 AX-25-793B AX-25-806 AX-25-809 AX-25-811 AX-25-818 AX-25-820 | 466917 7082899 774 236.2 0 -60 466951 7082802 786 249.0 0 -60 466897 7082860 793 248.4 0 -60 467331 7082971 795 324.6 0 -60 466941 7082911 777 227.1 45 -50 467045 7082935 783 248.4 180 -70 467045 7082935 783 275.8 355 -50 |
Table 3: Collar Locations for Eastern Powerline (Aurex Hill) drillholes in this release.
| HOLE ID | EASTING (m) | NORTHING (m) | ELEVATION | Depth (m) | Azimuth | Dip |
| (m) | ||||||
| AX-25-755 AX-25-757 AX-25-781 AX-25-783 AX-25-786 AX-25-791 AX-25-794 AX-25-800B | 469690 7082679 986 117.4 0 -60 469724 7082613 990 158.5 0 -60 469195 7082803 976 161.5 0 -60 469194 7082758 983 184.4 0 -60 469196 7082705 975 178.3 0 -60 469143 7082704 972 175.3 0 -60 469103 7082650 988 199.6 0 -60 468949 7082631 969 210.3 0 -60 |
Exploration Update
With 5 drills operating at site, Banyan has now completed over 7,500 m of drilling.
Analytical Method and Quality Assurance/Quality Control Measures
All diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan’s core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas’s Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.
Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.
Qualified Persons
| Duncan Mackay, M.Sc., P.Geo., is a “ | Qualified Person | ” as defined under National | ||
| Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), and has | ||||
| reviewed and approved the content of this news release | in respect of all disclosure other | |||
| than the MRE | . Mr. Mackay is Vice President Exploration for Banyan and has verified the | |||
| data disclosed in this news release, including the sampling, analytical and test data | ||||
| underlying the information. |
Upcoming Events
- Natural Resource Stock Expo, Atlanta, GA, May 1 – 2
| • | Canaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, | ||
|---|---|---|---|
| NV, May 19 | – | 21 | |
| • The Rule Symposium, Boca Raton, FL, July 6 – 10 | |||
| • Invest Yukon Property Tours, July 12 – 15 |
About Banyan
Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation
| of Na-Cho Nyäk Dun, in Canada’s Yukon Territory. | The current Mineral Resource Estimate | |
| (“MRE”) for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated | ||
| Mineral Resource of 2.274 million ounces of gold ("Au") (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 ) (as defined in the | ||
| Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards for Mineral | ||
| Resources & Mineral Reserves incorporated by reference into NI 43-101) | . The 303 square |
kilometres (“sq km”) AurMac Project lies 40 kilometres from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage.
Table 5: Pit-Constrained Indicated and Inferred Mineral Resources – AurMac Project
| Deposit | Gold Cut-Off (g/t) | Tonnage (M Tonnes) | Average Gold Grade (g/t) | Contained Gold (Moz) |
|---|---|---|---|---|
| Indicated MRE | ||||
| Airstrip | 0.30 | 27.7 | 0.69 | 0.611 |
| Powerline | 0.30 | 84.8 | 0.61 | 1.663 |
| Total Combined Indicated MRE | 0.30 | 112.5 | 0.63 | 2.274 |
| Inferred MRE | ||||
| Airstrip | 0.30 | 10.1 | 0.75 | 0.245 |
| Powerline | 0.30 | 270.4 | 0.60 | 5.208 |
| Total Combined Inferred MRE | 0.30 | 280.6 | 0.60 | 5.453 |
Notes to Table 5:
1. The effective date for the MRE is June 28, 2025, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.
2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
3. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource.
4. Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.73 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to