Banyan Gold Reports Exceptional High-Grade Drill Results in the Yukon
Whitehorse, Thursday, 17 September 2026.
Banyan Gold has reported outstanding drill results at its Yukon Powerline deposit, including a striking peak interval of 149.14 grams per tonne gold. These findings strongly support resource expansion.
High-Grade Intersections at Powerline
Banyan Gold Corp. (TSXV: BYN, OTCQB: BYAGF) released new exploration results from the western portion of its Powerline Deposit at the AurMac Property in Yukon, Canada, on 16 September 2026 [1]. The assays revealed significant intersections, including 1.05 grams per tonne gold over 52.8 meters, alongside localized bonanza-grade mineralization [1]. Another key drill hole, AX-26-891, intersected 149.14 grams per tonne gold over 0.4 meters within a broader interval of 0.56 grams per tonne gold over 169.2 meters [1]. The combined length of these two primary drill intervals totals 222 meters, highlighting the scale of the mineralized system being tested [1].
Strategic Expansion and ETF Inclusion
These findings support the company’s strategy of targeting areas that could improve the grade profile and confidence of the AurMac resource [1]. Tara Christie, President and CEO, stated that the results demonstrate the opportunity to improve the grade, extent, and continuity of mineralized domains along the current margins of Powerline’s near-surface higher-grade cores [1]. In a concurrent development, Banyan Gold Corp. announced it will be added to the VanEck Junior Gold Miners ETF (GDXJ) following the September 2026 rebalancing of the MVIS® Global Junior Gold Miners Index [2]. This change is based on closing prices from 18 September 2026 and will take effect before market open on 21 September 2026 [2].
Resource Estimates and Investor Calendar
The AurMac project currently holds an indicated mineral resource of 3.639 million ounces of gold and an inferred mineral resource of 4.985 million ounces of gold, with an effective date of 15 May 2026 [2]. Banyan Gold is currently executing its 2026 drill program and has planned 2027 drilling to continue testing the extent and expansion potential of higher-grade domains [1]. Investors and analysts can track further updates during upcoming events, including the GCFF Conference in Vancouver on 19 September 2026 and the Precious Metals Summit in Beaver Creek from 22 to 25 September 2026 [2]. Additionally, on 16 September 2026, the company issued incentive stock options for 970,000 shares, though the status of vesting schedule milestones remains unknown [1][alert! ‘vesting schedule milestones status unknown’].