Banyan Intercepts 2.13 Grams Per Tonne Gold Over 32.6 M, Powerline Deposit, Aurmac Project, Yukon, Canada

VANCOUVER, BC, / ACCESSWIRE / January 13, 2025 / Banyan Gold Corp . (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from twenty-one (21) diamond drillholes collared within the Powerline Deposit located on the Company's AurMac Project, Yukon Territory. This set of holes was drilled in the eastern portion of the Powerline Deposit (See Figure 1) as part of the 2024 AurMac definition drilling program.

Highlights from the most recent assay results:

• AX-24-557: 24.5 metres ("m") of 0.85 g/t Au from 53.5 m

• AX-24-568: 40.3 m of 0.80 g/t Au from 40.3 m

• AX-24-572: 23.1 m of 0.87 g/t Au from surface

• AX-24-576: 20.9 m of 1.05 g/t Au from surface

• AX-24-578: 69.3 m of 0.35 g/t Au from 13.0 m

• AX-24-582: 32.6 m of 2.13 g/t Au from 14.0 m

• AX-24-582: 54.4 m of 0.50 g/t Au from 54.6 m

• AX-24-605: 64.1 m of 0.71 g/t Au from 48.2 m

• AX-24-608: 53.0 m of 0.61 g/t Au from 27.0 m

• AX-24-611: 82.5 m of 0.49 g/t Au from 35.0 m

"This year's program has confirmed areas of consistent higher-grade mineralization within the Powerline Deposit, while strengthening geological controls on the Resource model," stated Tara Christie, President and CEO. "We are excited that this year's program has yielded valuable insights to the potential for broader scale mineralization beyond the Resource update anticipated in Q2, 2025. The validated correlation between mineralization and stratigraphy (See Figure 1), along with our geophysical work (3D geophysical interpretation and ZTEM), has identified both proximate, distal and deep targets - emphasizing the significant growth potential for gold mineralization at AurMac".

Summarized analytical results of these drillhole assays are presented in Table 1, collar locations in Table 2 and Figure 2 identifies drill collar locations, respectively. Figure 1 highlights the correlation between with stratigraphic units and mineralization.

The Powerline Deposit is contained within a metasedimentary package which consists of predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian age 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. Instances of visible gold identified from Banyan's logging of these drillholes are shown in Image 1.

Figure 1: Idealized section 467,100E, Looking west: Powerline Deposit on left and Airstrip Deposit on the right. Mineralization is interpreted to correlate with discrete lithological units. Note: The Powerline and Airstrip Deposits remain open to growth in all directions. (Refer to Table 3 below for Feb 6, 2024 Mineral Resource)

Image 1: Photographs of visible gold from:

A) AX-24-565: 123.4 m to 124.5 m - 4.17 g/t Au over 1.1 m B) AX-24-568: 20.5 m to 20.9 m - 1.50 g/t Au over 0.4 m

C) AX-24-570: 34.2 m to 34.6 m - 4.71 g/t Au over 0.4 m D) AX-24-582: 45.6 m to 45.9 m - 150.7 g/t Au over 0.3 m

Figure 2: AurMac drill hole locations, showing the location of historic and Banyan completed diamond drill holes used in MRE (black and blue dots) and collar locations of 2024 drilling (yellow, red and green dots).

Table 1: Highlighted Powerline Diamond Drill Analytical Results. (Maps, sections and full analytical results will be made available on Banyan's website).