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Banyan Gold - Multiple High-Grade Silver Drill Results At AurMac

The KE Report Jan 21, 2026

Summary

Banyan Gold hit high-grade silver across three AurMac zones spanning roughly 3 km, potentially layering onto its 7.7 Moz gold resource.

Near-surface, steeply dipping silver veins could allow Banyan to deliver a separate silver resource alongside its gold MRE.

Backed by ~$38M in cash, Banyan plans ~40,000 m of 2026 drilling, opening camp in February with four rigs by March.

Management views silver as a future co-product or standalone concentrate, with Hecla nearby mill offering a processing option.

Key points on Hecla Mining Company

  • The silver trend at AurMac is described as similar to what is seen at Hecla, with Duncan framing a hypothesis that one large system connects them
  • Hecla's mill is located near the Banyan property and is mentioned as a potential option for processing high-grade silver ore separately

Key points on Banyan Gold Corp

  • High-grade silver drill intersections at the AurMac project's Power Line and Airstrip deposits follow NW-SE structures resembling Keno Hill-style mineralization, with an identified silver vein zone spanning roughly 3 km across and 2 km N-S
  • Plans for 2026 include about 40,000 m of drilling with four drills turning by March and camp opening in February, supported by just under $38M cash on hand as of the interview
  • Silver could enter the MRE as an ounce-equivalent halo around higher-grade veins plus a dedicated high-grade feature around hole 142; near-surface high-grade material within ~100 m could be processed separately
  • Targeting silver also drills off gold, so adding a silver focus requires little extra budget beyond the existing drill program
  • Three newly identified silver intersections at Northern Airstrip, Western Airstrip, and about 2 km east of hole 142 in Power Line are slated for follow-up drilling in 2026

Tara Christie's takeaways

  • Top takeaway Frames 2026 as a big year for Banyan, arguing that a combined gold and silver drill budget is efficient because every silver-targeted hole also intersects gold
  • Plans about 40,000 m of drilling in 2026 with four drills turning by March and the camp opening in February to take advantage of frozen ground
  • Reports just under $38M cash on hand and signals willingness to push the drill program harder if results warrant
  • Aims to bring silver into the MRE as a dedicated feature around hole 142, with the exact drill spacing still to be determined
  • Notes the timing aligns with silver's breakout

Duncan Mackay's takeaways

  • Top takeaway Identified a roughly 3 km by 2 km silver vein zone at AurMac spanning Airstrip and Power Line, with new intersections at Northern Airstrip, Western Airstrip, and about 2 km east of hole 142
  • Hypothesizes that AurMac's silver is part of one large system, with NW-SE trends similar to Hecla's Keno Hill style
  • Sees lower-grade silver halos in the g/t range around higher-grade veins as potential ounce-equivalents in a future MRE, and suggests near-surface high-grade material around hole 142 could be processed separately at the nearby Hecla mill
  • Reports the hole 142 zone appears steeply dipping and crosscuts gold zones, with depth extension possible; six follow-up holes have been drilled to test scale and shape
  • Confirms two definite high-grade silver veins at AurMac plus additional silver mineralization tied to the scarn horizon in Airstrip