Banyan Announces 2024 Exploration and Technical Program, AurMac Project, Yukon, Canada

VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the 2024 exploration and technical program at its AurMac Project ‎located in the Mayo Mining ‎district ("AurMac"), approximately 40 kilometres ("km") northeast from the village of Mayo, Yukon and 356 ‎km north of Whitehorse, Yukon. Additionally, Banyan has also commenced further metallurgical work, engineering and environmental baseline programs to advance the Project to support future economic studies and permit applications.

Highlights:

• Diamond drilling up to 5,000 meters ("m") strategically focused on potential economic drivers including:
  • Demonstration of higher-grade mineralization and grade continuity in potential starter pits on the Powerline Deposit,
  • Testing mineralized structures and lithological horizons that control the east-west grade-continuity within the Powerline deposit
  • Targeted holes to demonstrate scale of and continued expansion of mineral resources at Powerline and Airstrip Deposits
  • Test areas identified for potential infrastructure
• Metallurgical work to continue to optimize the three conventional mining process flowsheets identified from successful Phase 1 metallurgy program (See Company News Release of February 6, 2024), including Carbon in Pulp ("CIP") and Carbon in Leach ("CIL"), flotation and heap leaching
• Continuation of internal scoping level engineering for AurMac Project to lay the ground work for future economic studies
• Environmental baseline studies

"AurMac is well positioned in this current gold price environment with a 7 million ounce gold Resource, with near surface mineralization and with existing road and hydro power infrastructure on the Property," stated Tara Christie, President and CEO. "In 2024, Banyan will continue to add value through drilling, metallurgy, and engineering to prepare to demonstrate project economics and for the Project to be advanced rapidly and efficiently."

2024 Exploration Update

Banyan plans to initiate its 2024 exploration program in May 2024 and will deploy two (2) drills. Drilling objectives will include: infill drilling of higher grade near surface zone within the Powerline Zone; testing mineralized structures and lithological horizons controlling the east-west grade continuity within the Powerline deposit; test areas identified for potential infrastructure; and importantly will target the extension of previously defined gold mineralization at the Airstrip Deposit, which has not been drill tested since 2020.