Commodities
Banyan Gold Advances AurMac Toward a PEA with Engagement of Leading Mining Consultants, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / July 7, 2026 /Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the selection of consultants for the first Preliminary Economic Assessment ("PEA") on the Company's AurMac ...
About this update from Banyan Gold Corp.
VANCOUVER, BC / ACCESS Newswire / July 7, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the selection of consultants for the first Preliminary Economic Assessment ("PEA") on the Company's AurMac Project. Banyan has engaged AMC Mining Consultants (Canada) Ltd., Lycopodium (Americas) Ltd., BGC Engineering Inc. and other independent contractors to complete the PEA in Q4 2026. The PEA will incorporate the 2026 updated Mineral Resource Estimate ("MRE") (Effective date May 15, the technical report is available for review on SEDAR+ at www.sedarplus.ca. and the Company's website) utilising the results from the 43,700 metres ("m") drill program completed in 2025) focused on converting the higher grade zones to indicated, upgrading of un-drilled or un-estimated areas which were thus classified as waste blocks to mineralized blocks, and to optimize the potential starter pits in support of maximizing the economics of the PEA, which is expected in Q4 2026. The study will highlight the economics for AurMac's large gold endowment and benefits from strong local infrastructure, including existing highways, roads, hydro powerlines and cell phone service. Additionally, Banyan continues to undertake metallurgy studies to support the PEA to optimize the grind size and reagent consumption to maximize the Project economics. "Banyan is working with global leaders in mine engineering, process design and geotechnical assessment to deliver a high-quality PEA for AurMac in Q4 2026"," stated Tara Christie, President and CEO. "Banyan's drill program for 2026 is focused with 60,000m dedicated to refining the deposit based on updates following the PEA. This program aims to demonstrate that the deposit is open in all directions. Additionally, another 10,000m will be allocated towards using our understanding of the geophysics and geology for the region to unlock new targets within our 830 sq km properties, including AurMac and Nitra." 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. 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 unde...