Banyan Gold - Continuing To Define The High Grade Areas At The Powerline & Airstrip Deposits
The KE Report Jan 9, 2026
Summary
CEO Tara Christie describes the eight-hole release as a validation of Banyan's geological model and high-grade projections.
Step-out drilling at Powerline (300 m) and Airstrip (~800 m) has extended mineralization past the current 7.7 Moz resource boundary.
About 120 of the 178 holes from last year's 43,000-metre program are still pending — Christie expects continued drill news into 2026.
A resource update is targeted for Q2 2026 and a PEA in H2 2026, framing the value proposition around the planned studies.
Six pending silver-focused holes at Powerline point to a separate high-grade silver trend Banyan plans to follow up.
Key points on Banyan Gold Corp
- Release of 8 drill holes shows multiple high-grade mineralization occurrences at the Powerline and Airstrip deposits, validating the new geological model that successfully projects high-grade zones
- Targeting 5 million ounces at +1 g/t for the upcoming PEA; results include 1.9 g/t over 31m alongside intervals of 1.3, 1.2, and 2.2 g/t with higher-grade sub-intervals
- Resource stands at 7.7 million ounces and remains open, including a 300m step-out mineralized in the SW part of Powerline that returned 1.4m at 8.8 g/t
- Roughly 43,000m / 178 holes were drilled last year with about 120 holes of assays still pending release as of early January 2026
- Resource update is expected in Q2 2026 and a PEA in H2 2026, with 2026 drilling aimed at the next study rather than the PEA
Cory Fleck's takeaways
- Top takeaway Frames the discussion around three Banyan growth vectors: known high-grade expansion, the gap zone between Powerline and Airstrip, and step-out areas from the existing deposits
Tara Christie's takeaways
- Top takeaway Calls the 8-hole release a 'technical success' because the new geological model from last year is correctly predicting where high-grade zones occur at Powerline and Airstrip
- Argues consistency of high-grade where projected is critical for the 7.7Moz resource, with the program still targeting 5Moz at +1 g/t for the PEA
- Sees potential for another east-west high-grade zone in the roughly 400m gap between Powerline and Airstrip and is weighing it against infill in starter pits
- Identifies an 800m-1km west step-out at Airstrip as a key 2026 expansion target alongside continued infill work aimed at improving economics of the next study
- Highlights upcoming Powerline silver-focused holes as a meaningful new part of the program, citing the consistent structural trend and silver market conditions