Mr. Tara Christie reports
BANYAN FILES AMENDED TECHNICAL REPORT ON AURMAC AND PROVIDES AN UPDATE ON HYLAND
Banyan Gold Corp., as a result of a review by staff of the British Columbia Securities Commission (BCSC), is issuing this news release regarding disclosure on the AurMac and Hyland projects.
In connection with the review, the company has filed an amended technical report, entitled "Technical Report AurMac Property Mayo Mining District," dated May 23, 2025, with an effective date of Feb. 6, 2025, prepared by Dino Pilotto, PEng, Marc Jutras, PEng, MASc, and Deepak Malhotra PhD, QP (qualified person). Furthermore, the company will be filing an updated technical report on the Hyland project in the future; however, during the interim, the mineral resource on Hyland is stale dated and not supported by a compliant National Instrument 43-101 technical report, and the mineral resource should not be relied on until it has been verified and supported by a technical report.
The company is amending the AurMac technical report to include: (i) disclosure on the Nitra property; (ii) additional disclosure on data verification; (iii) the retraction, clarification and additions of disclosures pursuant to NI 43-101; (iv) revision and clarifications of consents of the qualified persons; and (v) revisions to include technical information from the appendices into the report. There is no change to the size or scope of the AurMac resource estimate.
The AurMac technical report is available under the company's profile on SEDAR+ and on the company's website.
Qualified person
Duncan Mackay, PGeo, vice-president of exploration for Banyan Gold, is a qualified person as defined under NI 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release.
About Banyan Gold Corp.
Banyan trades on the TSX Venture Exchange under the symbol BYN and is quoted on the OTCQB Venture Market under the symbol BYAGF.
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