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Banyan Gold - New High-Grade Gold & Silver Discovery At Seattle Creek On Nitro Project

The KE Report Aug 26, 2026

Summary

Banyan Gold’s first hole at Seattle Creek returned 5.7 g/t gold and 544 g/t silver over 0.5 m — a rare near-surface greenfield hit.

The 70,000 m 2026 drill program is past halfway, with 10,000 m spread across 11 regional targets beyond the AurMac deposit.

Assay lab bottlenecks mean holes 2–5 sit on a 4–6 week timeline while hole 6 onward goes to a faster lab, scrambling hole order.

Follow-up drilling is already underway at Seattle Creek and Roaring Fork this season, with next year’s priorities set after assays come back over winter.

A PEA is progressing on AurMac alongside ongoing high-grade zone work, and the company expects news roughly every two weeks through year-end.

Key points on Banyan Gold Corp

  • First hole at Seattle Creek on the Nitro Project hit near-surface visible gold, with the headline intercept of 5.7 g/t gold and 544 g/t silver over 0.5 m.
  • The same hole returned 12 m of 0.9 g/t gold and 27 g/t silver, which Christie reads as a broad mineralized system rather than a narrow vein.
  • The silver hit sits roughly 25 km from Ormac/Keno, pointing to a regional reduced-intrusion story across the Nitro claims, in Christie's view.
  • Banyan is past the halfway mark of a 70,000 m drill program for the year, with 10,000 m earmarked for regional targets and three drills running.
  • Two of eleven Nitro targets have now reported; Christie expects follow-up holes at Seattle Creek and Roaring Fork and roughly biweekly news through December.

Tara Christie's takeaways

  • Top takeaway Christie calls the Seattle Creek intercept on a greenfield hole 'a discovery that is rare' and frames it as proof of concept for Banyan's geophysics-geology-placer targeting model.
  • She argues silver at Seattle Creek shows the regional silver system is not confined to Ormac/Keno, describing a larger reduced-intrusion story.
  • Christie says Banyan is still on the exploration-upside part of the curve at Nitro and that any substantive hit there would be additive to the 8.5 Moz resource at Ormac.
  • She flags an assay-lab bottleneck: holes 6-8 may report before holes 2-4, with roughly 4-6 week turnarounds.
  • Christie is leaving next year's target prioritization open until all 11 drilled targets' results are integrated over the winter.