PRESS RELEASE

from Banyan Gold Corp. (isin : CA06683K1066)

Banyan Drills 39.7 metres of 1.92 grams per tonne gold, Powerline Deposit, AurMac Project, Yukon, Canada

VANCOUVER, BC / ACCESS Newswire / February 4, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce analytical results from thirteen (13) diamond drillholes collared within the Powerline Deposit located on the Company's AurMac Project, Yukon Territory. This set of holes targeted the central portion of the Powerline Deposit (Figures 1 and 2) as part of the 2024 AurMac definition drilling program.

Highlights from these most recent analytical results include:

  • AX-24-595: 31.2 metres ("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-24-622: 12.6 m of 1.60 g/t Au from 318.5 m

  • AX-24-624: 79.2 m of 0.52 g/t Au from 79.3 m

  • AX-24-626: 40.5 m of 1.43 g/t Au from 94.8 m

  • AX-24-627: 32.0 m of 1.56 g/t Au from 41.21 m

  • AX-24-628: 66.4 m of 0.69 g/t Au from 82.3 m

  • AX-24-631: 46.6 m of 0.51 g/t Au from 43.4 m

  • AX-24-633: 33.2 m of 0.73 g/t Au from 133.0 m

"The 2024 drilling program of the Powerline Deposit has clearly defined high-grade gold zones, both on/near-surface and to depth," stated Tara Christie, President and CEO. "These results have confirmed gold mineralization in the area between Airstrip and Powerline. This largely undrilled section separating the two deposits could add significant high-grade gold ounces with further drilling. Holes 622, 627 and 625 from this gap area returned grades of 1.6 g/t over 12.5m,1.56 g/t over 32m and 1.55 g/t over 5.5 m, respectively, with additional mineralization observed throughout these holes. This facilitates the creation of a larger mining pit integrating both Powerline and Airstrip. The Powerline and Airstrip Deposits remain open to expansion in all directions."

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

Figure 1: AurMac Diamond Drill Grade Thickness Intervals Map. The calculation utilized for the presentation is Au Grade (g/t) x Interval (m). The grade thickness map was calculated using ESRI kernel density method. Where a drillhole has multiple intervals, the highest interval is used in the calculation. Map A: presents all analytical results to January 2024. Map B: presents an update of all analytical results through this February 4, 2025 news release.

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.

Figure 2:AurMac drillhole locations. Location of historic and Banyan completed diamond drillholes used in the 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.

Hole ID

From (m)

To (m)

Interval (m*)

Au (g/t)

AX-24-587

47.8

48.1

0.3

17.30

and

64.2

80.6

16.4

0.59

including

75.3

80.6

5.3

1.66

and

98.9

102.0

3.1

5.03

and

116.7

126.3

9.6

0.39

and

163.1

164.0

0.9

5.14

AX-24-595

17.5

48.7

31.2

0.68

and

72.3

112.0

39.7

1.92

and

142.8

161.4

18.6

0.34

AX-24-596

86.6

131.6

45.0

0.53

and

171.4

187.7

16.3

0.32

AX-24-622

262.1

264.2

2.1

1.52

and

299.1

306.8

7.7

0.33

and

318.5

331.1

12.6

1.60

including

318.5

322.2

3.7

5.00

and

344.7

351.1

6.4

0.59

AX-24-624

26.3

38.4

12.1

0.49

and

79.3

158.5

79.2

0.52

AX-24-625

92.3

107.0

14.7

0.38

and

118.8

124.2

5.5

1.55

and

138.1

151.1

13.1

0.48

AX-24-626

14.0

20.0

6.0

0.33

and

51.3

59.1

7.8

0.41

and

94.8

135.3

40.6

1.43

AX-24-627

41.2

73.2

32.0

1.56

and

101.4

109.4

8.0

1.24

AX-24-628

52.1

65.8

13.7

0.36

and

82.3

148.7

66.4

0.69

including

116.1

123.8

7.7

1.71

and

163.7

182.9

19.2

0.30

AX-24-630

86.0

95.0

9.0

1.20

AX-24-631

43.4

90.0

46.6

0.51

and

118.5

149.1

30.6

0.30

AX-24-633

96.0

102.3

6.3

0.45

and

133.0

166.2

33.2

0.73

and

197.1

202.1

5.0

0.48

and

216.2

216.6

0.4

18.80

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