Drill results refine resource model, identify growth zones at AurMac.

Banyan Gold Corp. Jan. 16 reported assays from 24 drill holes completed from the western portion of the Powerline deposit during the 2024 definition drilling program at its AurMac gold project in Yukon, highlighting consistent high-grade intervals over significant widths.

Situated in Yukon's prolific Tombstone Gold Belt, AurMac spans approximately 173 square kilometers (67 square miles) and includes the Powerline and Airstrip deposits. Located just 40 kilometers (25 miles) from Mayo and roughly 356 kilometers (221 miles) from the Yukon capital, Whitehorse, AurMac is well-positioned with existing road and power infrastructure, including a three-phase powerline, nearby power station, and cell coverage.

According to a resource calculation made last year, AurMac hosts 312.2 million metric tons of pit-constrained inferred resource averaging 0.61 grams per metric ton (6.16 million oz) gold from the Powerline deposit, as well as 35.2 million metric tons of pit-constrained inferred resource averaging 0.75 g/t (845,000 oz) gold from the Airstrip deposit.

Banyan Gold Corp.

The latest results from the western portion of Powerline include significant intercepts that underscore the continuity and potential for expanding higher-grade zones. Highlights include:

• 209 meters averaging 0.63 g/t gold from 35.1 meters in hole AX-24-618.

• 39.7 meters averaging 1.92 g/t gold from 72.3 meters in AX-24-595.

• 48.8 meters averaging 1.45 g/t gold from 70.1 meters in AX-24-592.

• 23.5 meters averaging 1.06 g/t gold from 106 meters in AX-24-561.

• 18.6 meters averaging 1.15 g/t gold from 158.9 meters in AX-24-610.

"These assay results continue to demonstrate consistent intervals of high-grade gold from the Powerline deposit," said Banyan Gold President and CEO Tara Christie. "We are confident that the 2024 diamond drilling program achieved its main goal; to define areas of on and near-surface gold grades above the deposit average gold value to support the Preliminary Economic Assessment study planned for Q4 2025."

These results follow assays reported on January 13th from the eastern portion of Powerline, where drilling also refined the resource model and confirmed near-surface gold mineralization. Highlights from that program include:

Banyan Gold Corp.

• 32.6 meters averaging 2.13 g/t gold from 14 meters in AX-24-582.

• 20.9 meters averaging 1.05 g/t gold from surface in AX-24-576.

• 40.3 meters averaging 0.8 g/t gold from 40.3 meters in AX-24-568.

• 64.1 meters averaging 0.71 g/t gold from 48.2 meters in AX-24-605.

• 53 meters averaging 0.61 g/t gold from 27 meters in AX-24-608.

During 2024, Banyan Gold completed approximately 21,000 meters of drilling across 118 holes at AurMac. This program focused on refining the resource at Powerline, delineating higher-grade zones, and expanding mineralized areas.

The results from last year's drilling, combined with ongoing refinements to the geological model, continue to bolster confidence in the resource at AurMac. These efforts also provide valuable insights into the project's broader growth potential and support the identification of additional gold targets.

"The validated correlation between mineralization and stratigraphy, along with our geophysical work (3D geophysical interpretation and ZTEM), has identified both proximate, distal and deep targets – emphasizing the significant growth potential for gold mineralization at AurMac," added Christie.