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Banyan Gold Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, Canada
VANCOUVER, BC / ACCESS Newswire / May 19, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN) (OTCQB:BYAGF) is pleased to announce its new Mineral
About this update from Banyan Gold Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / May 19, 2026 / Banyan Gold Corp. (the \"Company\" or \"Banyan\") (TSXV:BYN) (OTCQB:BYAGF) is pleased to announce its new Mineral Resource Estimate (\"MRE\" or the \"Mineral Resource\") prepared in accordance with the National Instrument 43-101, Standards for Disclosure for Mineral Projects (\"NI-43-101\") for the AurMac Project (\"AurMac\" or the \"Project\"), Yukon Territory. The updated MRE incorporates an additional 42,000 metres (\"m\") from 178 diamond drill holes within the Airstrip and Powerline deposits at AurMac (Figure 1). This MRE will support the upcoming Preliminary Economic Assessment (\"PEA\"; expected second half of 2026) with increases in total indicated and inferred mineral resources from the 2025 MRE. Highlights: 2026 AurMac Mineral Resource update: Indicated 3.64 million (\"M\") ounces (\"oz\") of gold (\"Au\") (167.3 M tonnes at 0.68 g/t Au); Inferred 4.98 M oz of gold (267.2 M tonnes at 0.58 g/t Au) (see notes; Table 1) A high-grade portion of the deposit at 0.55 g/t Au cut-off with an: Indicated Mineral Resource of 2.45 M oz at 1.00 g/t Au (75.9 M tonnes) and Inferred Mineral Resource of 2.72 M oz at 0.96 g/t Au (88.1 M tonnes) (Table 3); Indicated Mineral Resource grows 60% in contained ounces, with an Indicated grade increase of 8%; Airstrip: Indicated Mineral Resource up 38% in contained ounces, Inferred Mineral Resource up 65% in contained ounces with grade up 11% (Table 3); Strong conversion ratio across the deposit, specifically at Powerline where the Indicated Mineral Resource now contains 2.80 M oz at 0.67 g/t Au (129.5 M tonnes), an increase of 68% with a grade increase of 10% (Table 3); District Scale Potential (District defined by having potential for over 10 million ounces), demonstrated at the 0.25 g/t Au cut-off with an: Indicated Mineral Resource of 3.93 Moz at 0.61 g/t Au, (200.0 M tonnes) and; Inferred Mineral Resource of at 5.72 M oz at 0.51 g/t Au (351.3 M tonnes) (Table 3); Growth Potential; the deposits remain open in all directions, particularly at depth; 70,000 m 2026 drill program ongoing with up to six drills, over 21,000 m completed to date. The updated MRE comprises an Indicated Mineral Resource of 3.64 million oz of gold (167.3 M tonnes at 0.68 g/t Au) and an Inferred Mineral Resource of 4.98 M oz of Au (267.2 M tonnes at 0.58 g/t Au) (as de...