Banyan Gold Corp. announced the commencement of the 2023 exploration program at its AurMac Property, located in the Mayo Mining District, Yukon. Exploration at the AurMac Property has now resumed with 3 diamond drill rigs working on an initial planned 25,000 metre (m) drill program for 2023.

The 2023 program will include expanded metallurgical, geotechnical and baseline environmental programs, and is now supported by an on-site prep lab. In 2022, step-out drilling to the east and west of the Powerline and Aurex Hill resources identified a near/on-surface zone of gold trend that is interpreted to have grade continuity over a total of 5 kilometres (km) of strike length. Structural interpretations have identified an important lineament that is coincident with a change in the orientation of gold mineralization trends between Powerline and Aurex Hill.

The initial focus of the 25,000 m drill program will be to close the gap between Powerline Deposit and Aurex Hill deposit while also testing for a mineralized structure separating the two deposits. Continuing to drill test East Aurex Hill will also be a drilling priority following up on the trend outlined by DDH AX-22-320 and DDH AX-22-364 which returned 84.4 m of 1.13 g/t Au from 22.8 m and 30.5 m of 1.48 g/t Au from 28.3 m, respectively. Additionally, two East-West oriented trends have been identified through both Powerline and Aurex Hill Deposits.

The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package consisting of predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits. 2022 Exploration Program: In 2022 Banyan, drilled 211 diamond drill holes with 209 holes at the AurMac project and 3 holes at the Nitra property for a culminative total of just over 50,000 m of drilling.