from Banyan Gold Corp. (CVE:BYN)
Extensive Silver Targets Identified by Banyan Gold at AurMac, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / January 20, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce it has intersected new high-grade silver ("Ag") intervals at the Powerline Deposit ("Powerline") and Airstrip Deposit ("Airstrip"), at its AurMac Project ("AurMac"), Yukon, Canada.
Banyan has identified new target areas for Keno-style silver mineralization in Powerline and Airstrip, with the following selected highlights from Zones 1 to 3:
Silver Zone 1:
AX-25-658 - 46.16 g/t Ag over 2.7m within 4.11 g/t Ag over 52.0m
AX-25-684 - 158.55g/t Ag over 2.3m within 68.97 g/t Ag over 5.0m
AX-25-686 - 242 g/t Ag over 1.54m within 86.67g/t Ag over 5.5m and 21.41 g/t Ag over 10.3m within 5.49 g/t Ag over 79.1m including high-grade interval of 109.90 g/t Ag over 1.3m
AX-25-727 - 123.36 g/t Ag over 10.3m within 38.66 g/t Ag over 34.3m
Historic Intersections:
MQ00-005 - 28.38 g/t Ag over 10.5m
MQ-19-46 - 530.00 g/t Ag over 1.4m within 58.83 g/t Ag over 13.6m
Silver Zone 2:
AX-25-742 - 136.40 g/t Ag over 1.4m within 32.43 g/t Ag over 6.5m
AX-25-749 - 185.70 g/t Ag over 4.0m within 77.22g/t Ag over 12.3m
AX-25-756 - 26.37 g/t Ag over 3.1m within 7.00 g/t Ag over 90.2m and 32.03 g/t Ag over 4.9m within 14.41 g/t Ag over 22.1m
Silver Zone 3:
AX-25-660 - 340 g/t Ag over 1.5m within 26.26 g/t Ag over 19.9m
"Banyan has reported more than 15 successful silver vein intersections, the majority of which are located within 100 meters of surface, with six being specifically targeted. This suggests the potential for a larger more continuous vein system," said Tara Christie, Banyan President and CEO. "We have identified a N-E trending corridor that measures over 3 km wide and over 2 km along strike. Within this corridor, we have identified three highly prospective silver target areas (areas 1-3) that are between 300m and 1700m from the high-grade historic intersection of 1841.14 g/t Ag over 16.8m in AX-21-142, as detailed in our News Release dated October 29, 2025 (see Figure 1)."
"We have identified several discrete veins hosting Keno-style silver mineralization associated with Fe-Carbonate, sphalerite, and galena," stated Duncan Mackay, Vice President Exploration of Banyan Gold. "These zones have multiple sub-parallel Keno-style veins controlled by late brittle-structures and lithologic boundaries. The potential to expand these silver targets and confirm the orientation, connectivity and identify potential extensional zones of the late-brittle structures hosting the mineralization will drive our targeting in these areas."
Figure 1: Plan map of new silver intersections in relation to high-grade silver zone in central Powerline (AX-21-142; see News Release dated October 29, 2025). Magenta ellipses show broad zones of Ag potential. Dashed magenta lines denote approximate vein traces on surface.
Three new silver targets have been identified in the AurMac deposit (Figure 1; magenta ellipses 1-3). In Airstrip (Figure 2) two discrete veins hosting Keno-style mineralization (Figures 3 and 4) have been identified in addition to silver mineralization associated with skarn and calc-silicate alteration in the lower calcareous metasedimentary horizon (Cal 2).
Another silver target has been identified in central Airstrip, associated with discrete Keno-style veins. In northeast Powerline, similar discrete veins have been identified with potential for expansion of the targets. Follow-up drilling will test the extent and orientations of these highly prospective structures as well as the periodicity of potential thicker mineralized intervals.
Figure 2: Cross-sections 467325E in Airstrip. Silver intersections within drillholes AX-25-727, 658, and 686 highlight the potential for multiple high-grade silver targets throughout the Aurmac deposit. Keno mineralization in AX-25-727 is concentrated at the instructive contact between the Sourdough Hill Quartzite and Felsic Dyke; mineralization in AX-25-658 is spatially associated with skarn mineralization in Cal 2; mineralization in AX-25-686 is hosted in a reactivated/brecciated Keno-vein (Figure 4) with a lower horizon of mineralization associated with skarn mineralization in Cal 2.
Figure 3: High-grade Keno Style mineralization in drillholes AX-25-727 in Airstrip. Silver mineralization is associated with galena and sphalerite mineralization hosted within discrete Fe-carbonate +- quartz veins; in this interval, Keno mineralization is associated with brittle deformation concentrated at the contact between the Airstrip felsic dyke and Sourdough Hill Quartzite (Figure 2).
Figure 4: Brecciated Keno-style mineralization in an Fe-carb vein with galena and sphalerite in Airstrip from drillhole AX-25-686. Late brittle structures are the typical host for Keno mineralization at Aurmac.
Table 1: Significant diamond drillhole assay intercepts for Powerline in this release
Hole ID | depth from (m) | depth to (m) | Ag Interval (m) | Ag Interval (g/t) |
AX-25-658 | 50.3 | 102.30 | 52.0 | 4.11 |
including | 53.3 | 56.00 | 2.7 | 46.16 |
and including | 74.3 | 74.90 | 0.6 | 28.30 |
AX-25-660 | 182.6 | 202.50 | 19.9 | 26.26 |
including | 193.5 | 195.00 | 1.5 | 340.00 |
AX-25-684 | 131.0 | 136.00 | 5.0 | 68.97 |
including | 133.2 | 135.40 | 2.2 | 158.55 |
AX-25-686 | 87.2 | 103.50 | 16.3 | 34.00 |
including | 90.5 | 96.00 | 5.5 | 86.67 |
including | 91.5 | 93.00 | 1.5 | 242.00 |
and | 119.0 | 198.10 | 79.1 | 5.49 |
including | 138.2 | 148.50 | 10.3 | 21.41 |
including | 143.1 | 144.40 | 1.3 | 109.90 |
AX-25-727 | 32.0 | 66.30 | 34.3 | 38.66 |
including | 42.7 | 53.00 | 10.3 | 123.36 |
including | 49.7 | 51.00 | 1.3 | 888.00 |
AX-25-742 | 143.5 | 150.00 | 6.5 | 32.43 |
including | 146.3 | 147.70 | 1.4 | 136.40 |
AX-25-749 | 41.0 | 53.30 | 12.3 | 77.22 |
including | 41.0 | 45.00 | 4.0 | 185.70 |
and including | 51.0 | 52.20 | 1.2 | 165.20 |
AX-25-756 | 21.5 | 111.70 | 90.2 | 7.00 |
including | 47.2 | 50.30 | 3.1 | 26.37 |
and including | 68.1 | 90.20 | 22.1 | 14.41 |
including | 69.3 | 74.20 | 4.9 | 32.03 |
MQ-19-46 | 55.0 | 90.40 | 35.4 | 23.45 |
including | 60.0 | 73.60 | 13.6 | 58.83 |
including | 72.2 | 73.60 | 1.4 | 530.00 |
and | 103.9 | 108.20 | 4.3 | 1.91 |
AX-23-431 | 66.7 | 129.00 | 62.3 | 1.63 |
including | 66.0 | 66.70 | 0.7 | 20.75 |
and including | 118.1 | 119.50 | 1.4 | 19.13 |
and | 206.0 | 224.00 | 18.0 | 4.84 |
including | 222.8 | 224.00 | 1.2 | 64.64 |
and | 246.0 | 263.60 | 17.6 | 0.64 |
MQ00-005 | 50.9 | 245.40 | 194.5 | 3.34 |
including | 52.4 | 62.90 | 10.5 | 28.38 |
including | 55.0 | 61.80 | 6.8 | 32.01 |
including | 55.0 | 56.60 | 1.6 | 80.40 |
and including | 119.6 | 120.30 | 0.7 | 74.00 |
Note: Reported intervals are drill widths.
Table 2: Collar Locations for drillholes in this release
HOLE ID | EASTING (m) | NORTHING (m) | ELEVATION (m) | Depth (m) | Azimuth | Dip |
AX-25-658 | 467343 | 7084010 | 791 | 157.0 | 0 | -60 |
AX-25-660 | 468466 | 7082854 | 874 | 289.8 | 0 | -55 |
AX-25-684 | 466653 | 7083557 | 745 | 403.9 | 0 | -60 |
AX-25-686 | 467311 | 7083850 | 787 | 199.6 | 0 | -60 |
AX-25-727 | 467296 | 7084105 | 788 | 76.8 | 0 | -60 |
AX-25-742 | 466502 | 7083709 | 728 | 251.5 | 0 | -60 |
AX-25-749 | 466305 | 7083815 | 713 | 256.0 | 0 | -60 |
AX-25-756 | 466700 | 7083821 | 756 | 201.2 | 0 | -60 |
AX-23-431 | 468403 | 7082892 | 865 | 295.7 | 3 | -56 |
MQ-19-46 | 467352 | 7083950 | 791 | 108.2 | 356 | -59 |
MQ00-005 | 467325 | 7083904 | 789 | 253.0 | 0 | -60 |
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 from 2025 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 59-element 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). Samples returning >200 g/t Ag (MA250 or MA300) were analysed by multi-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 50g sample (FA550). If samples returned > 10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). 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. Historic 2019 Ag samples were analysed at BV by aqua regia digest ICP-ES/MS 37-element AQ200 (2019). Historic 2012 samples were analysed at ALS by 34-element four acid digest ME-ICP61. If samples returned > 100 g/t Ag, a 0.4g sample was analysed by four acid digest ICP-AES Ag-OG62. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 30g sample (Ag-GRA21). Historic 2000 Ag samples were analysed at ALS by ICP-MS Ag 9225.
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
3rd Annual Canadian Critical Minerals Opportunity Forum, New York, January 21
Metals Investor Forum Vancouver, January 23 - 24
Corporate Presentation: January 24, 11:20 AM PST
Banyan Gold Breakfast Presentation - Featuring Rick Rule and Quinton Hennigh, Vancouver, January 25, 7:30 - 9:00 AM PST
AME Roundup, Vancouver, January 28 - 29
Core Shack Booth 823
Money Talks: World Outlook Financial Conference, Vancouver, February 6 - 7
121 Mining Investment, Cape Town, February 9 - 10
African Mining Indaba, Cape Town, February 9 - 12
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 43â101). 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 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac Project
Deposit | Gold Cut-Off (g/t) | Tonnage |