Banyan Gold Confirms High-Grade Discovery at Yukon’s Powerline Deposit
Whitehorse, Thursday, 26 February 2026.
On February 26, 2026, Banyan Gold Corp. reported significant exploration success at its AurMac Project in the Yukon, intersecting visible gold and mineralization grading up to 19.90 g/t. These results confirm the continuity of high-grade domains within the Powerline Deposit, potentially expanding the asset’s resource estimate. With the company’s stock recently reaching a 52-week high and a fully funded 2026 drill program underway, this discovery underscores the growing economic viability of Banyan’s gold assets.
Drilling Down: High-Grade Continuity Confirmed
The latest assay results, released on February 26, 2026, highlight the central Powerline Deposit’s ability to deliver high-grade intervals within broader mineralized envelopes. Banyan Gold’s technical team identified visible gold in the core, with hole AX-25-819 returning 1.82 g/t gold (Au) over 26.2 meters, including a high-grade interval of 19.90 g/t Au over 1.5 meters [1]. Another significant intercept, hole AX-25-821, returned 2.10 g/t Au over 14.0 meters and 5.08 g/t Au over 5.0 meters [1]. These results are particularly pivotal as they demonstrate the continuity of mineralized domains, potentially extending them below the conceptual pit boundary established in the 2025 Mineral Resource Estimate [1].
Market Momentum and Financial Landscape
Investor sentiment has responded positively to the company’s recent operational progress. On February 25, 2026, Banyan Gold’s stock (TSXV:BYN) reached a new 52-week high of $1.36 [2]. This market confidence coincides with the commencement of the fully funded 2026 diamond drill program at AurMac, which began on February 23, 2026 [2]. Furthermore, insider confidence remains evident, with Christie exercising 200,000 options as of February 19, 2026, and notable investors like John Robbins increasing their positions following site visits [2].
Resource Context and Upcoming Catalysts
The AurMac Project, located 40 kilometers from Mayo, Yukon, is well-supported by infrastructure, including a 3-phase powerline and highway access [1]. As of June 28, 2025, the project hosted an Indicated Mineral Resource of 2.274 million ounces of gold and an Inferred Mineral Resource of 5.453 million ounces [1]. Recent exploration has also hinted at broader mineral potential; earlier in the year, on January 22, 2026, the company reported a silver intercept grading 10,734 g/t Ag over 1.7 meters at AurMac [7]. Moving forward, Banyan Gold is scheduled to engage with the investment community at several key events, including the Metals Investor Forum in Toronto on February 27, 2026, and the PDAC convention from March 1 to March 4, 2026 [1].