Business
Banyan Gold Commences Greenfields Diamond Drilling at Nitra Project, Yukon
VANCOUVER, BC / ACCESS Newswire / June 15, 2026 /Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce commencement of the 2026 greenfields exploration diamond drilling program at its Nitra Project ("Nitra" or ...
About this update from Banyan Gold Corp.
VANCOUVER, BC / ACCESS Newswire / June 15, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce commencement of the 2026 greenfields exploration diamond drilling program at its Nitra Project ("Nitra" or the "Project") in the Tombstone Gold Belt, Yukon. The helicopter supported diamond drill program is intended to expand Banyan's exploration pipeline and identify potential satellite deposits in the highly prospective greenfields zones surrounding the AurMac deposit: "We're excited to start up our 2026 greenfields diamond drilling program," said Duncan Mackay, Vice President of Exploration. "Our technical team has leveraged our extensive regional datasets and geophysical coverage to identify highly prospective targets. The 10 targets we have identified in Nitra and the broader AurMac Property carry the exploration signature for RIRGs. We see significant opportunity to potentially add satellite deposits to the exploration pipeline in the area around the AurMac Deposit." "Greenfields exploration is how we build the next chapter of value at AurMac," said Tara Christie, President and CEO of Banyan. "With a fully funded treasury and over 95% of our district-scale land package untested by drilling, Nitra represents exactly the kind of discovery opportunity that can extend our pipeline well beyond the existing large gold resource." Figure 1: Project Location Map for Banyan's AurMac and Nitra projects. Banyan has identified 10 highly prospective targets on its broader Nitra and AurMac property, distal to the existing Resource. The figure includes the newly acquired Seattle and Goodman Creek properties. Regional targets have been identified using new geophysical surveys in combination with soil sampling anomalies, knowledge of placer mining locations and prospecting. Approximately 7500m of diamond drill budget for 2026 is allocated to testing RIRGs potential at these high priority targets. Over 95% of AurMac and Nitra has not been tested by drilling to date; the majority of exploration has been limited to surficial geochemical work and airborne geophysical surveys. The western portion of Nitra (see "Green Fields" target in Figure 1) is approx. 20km south-east of Sitka Gold's RC Gold Project, within the prolific Tomb...