Banyan Intercepts High Grade Gold Over Significant Widths at The Powerline Deposit, AurMac Property, Yukon

VANCOUVER, BC / ACCESS Newswire / January 16, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from twenty-four (24) diamond drillholes collared within the Powerline Deposit located on the Company's AurMac Property, Yukon Territory. This set of holes targeted the western portion of the Powerline Deposit (See Figure 1) as part of the 2024 AurMac definition drilling program.

Highlights from these most recent analytical results include:

• AX-24-551: 75.0 metres ("m") of 0.31 g/t Au from 102.6 m

• AX-24-561: 23.5 m of 1.06 g/t Au from 106.0 m

• AX-24-564: 45.7 m of 0.47 g/t Au from 96.2 m

• AX-24-575: 100.9 m of 0.31 g/t Au from 125.0 m

• AX-24-592: 48.8 m of 1.45 g/t Au from 70.1 m

• AX-24-595: 31.2 m of 0.68 g/t Au from 17.5 m

• AX-24-595: 39.7 m of 1.92 g/t Au from 72.3 m

• AX-24-596: 45.0 m of 0.53 g/t Au from 85.6 m

• AX-24-603: 48.5 m of 0.66 g/t Au from 96.3 m

• AX-24-610: 23.9 m of 0.84 g/t Au from 116.8 m

• AX-24-610: 18.6 m of 1.15 g/t Au from 158.9 m

• AX-24-618: 209.0 m of 0.63 g/t Au from 35.1 m

"These assay results continue to demonstrate consistent intervals of high-grade gold from the Powerline deposit," stated Tara Christie, President and CEO. "We are confident that the 2024 diamond drilling program achieved its main goal; to define areas of on and near-surface gold grades above the deposit average gold value to support the Preliminary Economic Assessment study planned for Q4 2025."

Summarized analytical results of these drillhole assays are presented in Table 1, collar locations in Table 2 and Figure 1 identifies drill collar locations, respectively.

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. Highlighted instances of visible gold identified from Banyan's logging of these drillholes are shown in Image 1.

Image 1: Photographs of visible gold from:

Figure 1:AurMac drillhole locations. Location of historic and Banyan completed diamond drill holes used in Mineral Resource Estimate ("MRE")* (black and blue dots) and collar locations of 2024 drilling (yellow, red and green dots). *MRE effective date of February 6, 2024, details in Table 3.

Table 1: Highlighted Powerline Diamond Drill Analytical Results.