Business
Banyan Gold District Consolidation with Claim Purchase, AurMac Project, Yukon
VANCOUVER, BC / ACCESS Newswire / December 17, 2025 / Banyan Gold Corp . (the " Company " or ...
About this update from Banyan Gold Corp.
[{"type":"text","content":"Banyan Gold District Consolidation with Claim Purchase, AurMac Project, YukonVANCOUVER, BC / ACCESS Newswire / December 17, 2025 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the strategic acquisition of Trail Minto Claims (total 229 claims) located between Banyan's AurMac Project (\"AurMac\") and Nitra Project (\"Nitra\") properties from Mayo Lake Minerals Inc. (CSE:MLKM) completing a district consolidation of almost 720 square kilometres (\"sq km\") around the AurMac Project (Figure 1).\"With today's acquisition of the Minto Claims, the AurMac and Nitra properties have now grown to a contiguous 720 sq km land package covering the AurMac deposit (see Table 1 below) and an extensive prospective and underexplored land package,\" said Tara Christie, President and CEO. \"Banyan has identified geophysical and surface geochemical trends which continue toward the Trail-Minto claims and Nitra claim block, indicating the potential for reduced intrusion-related gold mineralization.\"Figure 1: Map of Trail-Minto Claims location Property AcquisitionBanyan has completed the purchase of 100% interest in a group of 229 quartz claims, covering 46 sq km, referred to as the Trail-Minto Claims (\"the Claims\") for a cash consideration of $1,000,000 and a 2% net smelter royalty (\"NSR\" or the \"Royalty\") to Mayo Lake Minerals Inc. Banyan may, at any time, elect to reduce the Royalty rate to 1% upon a payment of $1,000,000. All other previous royalties have been eliminated.The claims are situated in-between and contiguous to the AurMac and Nitra properties (Figure 1). Application of the geological, geophysical and structural models developed by Banyan for AurMac highlights the prospectivity on the Trail-Minto claims. Banyan has identified geophysical and surface geochemical trends which continue toward the Trail-Minto claims and Nitra claim block, indicating the potential for reduced intrusion-related gold mineralization.All of the claims that are now owned by Banyan, either by staking or purchase, preceded the Government of Yukon and the First Nation Na-cho Nyäk Dun signing a Memorandum of Understanding on July 31, 2025, to initiate the regional land use planning process.Updated Disclosure on Banyan Share RegistryThe company is aware that there continues to be old information about our sh...