BANYAN GOLD CORP CL A ORD - BYAGF STOCK NEWS

Banyan Gold announced the closing of the second tranche of its private placement, raising $299,970 through the issuance of 1,111,000 common shares at $0.27 per share.

The total funds raised from both tranches amount to $14,301,270. The proceeds will be used for general and administrative expenses.

The shares are subject to a hold period under Canadian securities laws expiring on October 22, 2024.

This financing is in compliance with Canadian private placement exemptions and is not available for U.S. investors.

Banyan Gold has commenced its 2024 drilling program at the AurMac Project in Yukon and welcomed Henry Marsden as a Technical Advisor. The initial focus is on the Powerline Deposit as part of a planned 5,000-meter drill program. Early signs are promising with visible gold found in the first drill hole. Banyan is also advancing metallurgy, engineering, community engagement, and environmental initiatives. Henry Marsden, with over 40 years of experience, brings extensive expertise to the project. The project boasts an inferred mineral resource estimate of 7 million ounces of gold. Additionally, Banyan's Board has granted 1.25 million stock options at $0.31 per share to various stakeholders, to be vested over 18 months.

Banyan Gold Corp. announces its 2024 exploration and technical program at the AurMac Project in Yukon, Canada. The company plans diamond drilling, metallurgical work, and engineering to support economic studies and permit applications. The project aims to demonstrate higher-grade mineralization, expand mineral resources, and optimize mining processes. Banyan is well-positioned with a 7 million ounce gold resource and existing infrastructure. The company will continue to add value through drilling, metallurgy, and engineering in 2024.

Banyan Gold Corp. announces the filing of a Technical Report supporting the Updated Mineral Resource Estimate for the AurMac Project, revealing a total inferred mineral resource of 7,003,000 ounces of gold. The project is located in Yukon and boasts significant potential for open-pit mining. The company's CEO, Tara Christie, highlights the project's strategic advantages and the existing infrastructure. The Technical Report was prepared by reputable experts and is available for review online.

Banyan Gold Corp. has announced an updated Mineral Resource Estimate for the AurMac Project in Yukon Territory, comprising an Inferred Mineral Resource of 7.0 million ounces of gold. The company aims to focus on delineating higher-grade zones, increasing confidence in the resource, and further de-risking the project. Metallurgical studies have shown that Powerline mineralization is amenable to conventional mining processes. The updated MRE is contained in two near/on-surface deposits: The Airstrip and Powerline1 deposits in the road accessible AurMac Project.

Banyan Gold Corp. announces positive results from the Phase 1 metallurgical test program on the AurMac Project in the Yukon Territory. Gold recoveries averaged 91% from 75 micron bottle roll cyanidation tests. Three gold recovery process flow sheets have been identified, including CIL or CIP gold extraction processes, conventional mill flotation, and heap leach processing. Results indicate robust gold recoveries with a high likelihood of increased overall gold recoveries with further optimization.

Banyan Gold Corp. announced the results of the 2023 drill program on the AurMac Project, with 24,700 meters of diamond drilling from 107 holes. The company reported positive assay highlights, including 6.2 million ounces of gold at the AurMac resource. The Powerline and Aurex Hill gold deposits remain open to gold mineralization expansion, and the company's president and CEO, Tara Christie, expressed confidence in the strength and size of the mineralized gold system.

Banyan Gold Corp. (BYN) has completed the 75% earn in on the McQuesten Property, containing the Airstrip and Powerline Deposits. They also own 51% of the Aurex Property and have until December 2025 to formalize the Aurex 75% ownership. The AurMac Resource was increased to 6.2 M Gold ounces in 2023, and the Company has a healthy treasury of $7 Million. Banyan has granted 6,000,000 stock options and has upcoming events like the Metals Investor Forum and Vancouver Resource Investment Conference.

Banyan Gold Corp. is advancing and de-risking its AurMac Gold Project, which has 6.2 million ounces of gold. The project features three substantial deposits and has excellent infrastructure advantages. It is poised for success.