Business
Banyan Announces Closing of Accelerated 100% Earn-In at the AurMac Project, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / September 18, 2025 /Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce it has closed the 100% earn-in agreement on the AurMac Project ("AurMac") (the "Transaction"), previously ...
About this update from Banyan Corp(oregon)
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / September 18, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce it has closed the 100% earn-in agreement on the AurMac Project ("AurMac") (the "Transaction"), previously announced on July 24th, 2025 with PricewaterhouseCoopers Inc., the receiver and manager (in such capacity, the "Receiver") for Victoria Gold Corp. ("Victoria"). Banyan had originally signed the option agreements on the properties in 2017, and by 2024, had earned 75%. The option agreements were originally to be completed in late 2025 and 2026. Pursuant to the previously announced definitive agreement to accelerate the options, Banyan has now earned the remaining interests (additional 25%) in the McQuesten and Aurex properties (which together comprise the core of the AurMac Project).","length":903,"tagName":"p"},{"type":"text","content":""With this closing, the strict timeline to complete the PEA is removed. Banyan will now be able to incorporate the results of our strategically targeted 2025 drilling into a PEA for 2026," stated Tara Christie, President and CEO." Banyan will now also upsize our 2025 drill program to over 40,000 metres."","length":325,"tagName":"p"},{"type":"text","content":"AurMac hosts a gold 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 M oz of Au (280.6 M tonnes at 0.60 g/t )(see Table 1 below).","length":210,"tagName":"p"},{"type":"text","content":"Upon closing of the Transaction, Banyan now owns 100% of the McQuesten and Aurex properties that contain the gold Resource.","length":123,"tagName":"p"},{"type":"text","content":"Qualified Persons","length":17,"tagName":"p"},{"type":"text","content":"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.","length":481,"tagName":"p"},{"...