Gold Explorer Pushes Toward Superpit with Yukon Intercepts

Source: Streetwise Reports 09/08/2025

Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB) reported 104.4 meters of 0.82 g/t gold at its AurMac Project, including a high-grade core of 33.2 meters at 1.44 g/t and 3.1 meters at 5.8 g/t. Read how analysts say the new intercepts could help connect deposits and support a shift toward high-grade development.

Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB) reported new high-grade gold intercepts from its 2025 drill campaign at the AurMac Project in Yukon, Canada. The latest results from the Airstrip Deposit include 104.4 meters at 0.82 grams per tonne (g/t) gold, with a higher-grade core of 33.2 meters at 1.44 g/t gold and 3.1 meters at 5.8 g/t gold in drillhole AX-25-678.

The company has drilled over 27,000 meters in 2025 across 120 holes at AurMac, with drillhole AX-25-678 located at the southern extent of Airstrip. According to Banyan’s CEO, Tara Christie, in the news release, “These results continue to define higher grade zones (+1 g/t material) at AurMac.” She added that the presence of visible gold in skarn-associated veins at depth supports the continued high-grade potential throughout the system.

Vice President of Exploration Duncan Mackay noted that the results from drillhole AX-25-659, which intersected 4.0 meters at 3.16 g/t gold near surface, demonstrate mineralization remains open and may extend along strike and down dip. Additional high-grade mineralization was reported from drillholes AX-25-670, AX-25-672, and AX-25-674, with internal intercepts reaching up to 24.8 g/t gold over 0.3 meters.

The drill data builds on Banyan’s June 28, 2025, Mineral Resource Estimate (MRE), which outlined 2.27 million ounces of gold in the Indicated category (112.5 million tonnes grading 0.63 g/t) and 5.45 million ounces in the Inferred category (280.6 million tonnes at 0.60 g/t) across the Airstrip and Powerline deposits.

Gold’s Record-Breaking Rally Underscores Inflation Hedge Appeal

At the start of September, gold extended its lead over other asset classes as market watchers pointed to growing inflationary stress and increased volatility across global economies. A September 3 report from Gains, Pains & Capital noted that gold surged by as much as US$85 in one day, reaching a historic high of US$3,601 and marking a 34% gain since the start of the year.

“Gold is signaling that BAD inflation is about to hit,” the firm wrote, adding that the breakout resembled prior cycles where gold outpaced equities during periods of monetary strain.

Don Blyth of Paradigm Capital stated, “We are pleased to see continuing good results from Airstrip,” and added that this area had previously been underdrilled due to outdated assumptions about heap leach recoveries.

The following day, James West of Midas Letter cited mounting macroeconomic pressures behind the continued rise.

Spot gold touched US$3,578.50 while December futures exceeded US$3,610. Analyst James West pointed to the U.S. Treasury’s increasing reliance on ultra-short-term debt to manage its obligations, calling it “a relentless, high-frequency churn of trillions of dollars” that had destabilized monetary conditions.

He concluded that gold’s spike above the US$3,500 level served as a structural validation of long-held inflation concerns.

On September 5, Stockhead reported that London Bullion Market Association pricing showed gold at US$3,556 per ounce, marking nearly 30 new record highs for 2025. Analysts from State Street Global Investment Management highlighted continued strength in the sector.

“Gold continues to shine as a leading US$ denominated asset class for another calendar year,” wrote Aakash Doshi and colleagues, citing stagflation fears, stock market turbulence, and skepticism over central bank policy. They also observed rising physical demand from both central banks and investors, and pointed to an 18% post-rate-pause gain in gold prices as further confirmation of momentum.

Positive Analyst Coverage Signals Support for Banyan’s Next Phase

On September 4, Jeff Valks, Senior Analyst at The Gold Advisor, highlighted Banyan Gold Corp.’s continued drilling success at its AurMac Project, noting a “104.4 meter intercept grading 0.82 g/t gold, including a juicy 33.2 meters at 1.44 g/t gold and 3.1 meters at 5.8 g/t gold.” He emphasized the significance of drillhole AX-25-678 in potentially linking the Airstrip and Powerline deposits, remarking that “Banyan is starting to see how Airstrip and Powerline might knit together literally.”

Valks also pointed to the presence of visible gold and concentrated high-grade samples, adding that these results “continue to define higher grade zones (+1 g/t material) at AurMac.” According to his analysis, Banyan’s deposit, previously seen as a large low-grade system, is shifting toward a higher-quality gold asset with expanding potential.

That same day, Don Blyth of Paradigm Capital issued a flash note praising the results from drillhole AX-25-678, which intersected “104.4m @ 0.82 g/t (starting at 212.6m), including 33.2m @ 1.44 g/t (at 265.8m).” According to the report, the hole “helps extend the Airstrip deposit to the south” and affirms geological interpretations suggesting continuity beneath the Powerline deposit.

Blyth stated, “We are pleased to see continuing good results from Airstrip,” and added that this area had previously been underdrilled due to outdated assumptions about heap leach recoveries. The firm noted a shift in focus toward a potential mill development, which it believes supports the case for re-evaluating Airstrip’s value.

“We believe a development would define a few starter pits with average grade >1 g/t,” the analyst wrote. While acknowledging the absence of a completed independent study, Paradigm Capital stated that their conceptual model suggested Banyan “likely has an economic project.” They also observed strategic significance in Banyan’s location along the access route to the Eagle asset, suggesting it may attract attention during upcoming due diligence visits.

Exploration Momentum Builds Across AurMac

Banyan is advancing its 2025 exploration program with over 30,000 meters of planned drilling. Approximately half of this year’s drilling has focused on Airstrip, with high-grade extensions becoming a core target. The company is working to upgrade “Inferred” resources to “Indicated” classification while expanding the known mineralized footprint.

Airstrip’s mineralization remains open in multiple directions, including along strike to the east and down dip beneath the conceptual pit. Several step-out holes, such as AX-25-682 and AX-25-676, also suggest potential to link the Airstrip and Powerline deposits, further unifying the AurMac resource base.

According to the company’s latest corporate presentation, Banyan is fully funded through 2025 and reported US$24 million in cash as of March. The company recently achieved 100% earn-in on the AurMac property, following a modified agreement with Victoria Gold. Upcoming milestones include a Preliminary Economic Assessment (PEA) and continued drill results extending into the first quarter of 2026. [OWNERSHIP_CHART-7310]

The AurMac Project benefits from proximity to infrastructure, including roads, hydroelectric power, and cell service. The site lies within the traditional territory of the First Nation of Na-Cho Nyäk Dun, with whom Banyan has acknowledged recent land use agreements and confirmed its intention to avoid further staking during the ongoing planning process.

With high-grade intercepts continuing to emerge and multiple exploration zones still open, Banyan’s ongoing program may provide further definition and potential expansion to one of the largest undeveloped open-pit gold projects in North America.

Ownership and Share Structure

Refinitiv lists Banyan Gold’s ownership with 4.77% held by institutions. Of those, Franklin Advisors holds the most with 3.24% with IXIOS Asset Management behind them at 1.53%

Strategic entity Victoria Gold Corp owns the most with 9.10%. Management and Insiders own 6.68%, with the most held by CEO Tara Christie, with 3.77%, and David Reid with 1.53%.

The rest is retail.

Banyan Gold has 317.29 million free float shares, a market cap of CA$190.85 million, and a 52-week range of CA$0.1700 – CA$0.7400.

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