Banyan Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, Canada
Original announcement by tmx on
- Company
- Banyan Gold Corp.
- Ticker
- BYN
- Exchange
- TSX
- Region
- Yukon Territory, Canada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-15 14:52:05 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Banyan Gold Corp. announced an updated Mineral Resource Estimate for its AurMac Project in Yukon, Canada, reporting a significant increase in Indicated resources. The new MRE includes 3.64 million ounces of gold in the Indicated category (167.3 Mt at 0.68 g/t Au) and 4.98 million ounces of gold in the Inferred category (267.2 Mt at 0.58 g/t Au). This update represents a 60% increase in Indicated contained ounces and an 8% increase in Indicated grade compared to the previous estimate, with overall project contained ounces growing by approximately 12%.
Reasoning: Banyan Gold has significantly expanded its Indicated Mineral Resource at the AurMac Project, with a 60% increase in contained gold ounces and an 8% increase in grade, which is a strong de-risking signal. While the Inferred category saw a slight decrease in contained ounces, the overall project contained gold ounces grew by 12%, demonstrating continued growth and confidence in the deposit. The MRE is compliant with NI 43-101 and signed off by a Qualified Person, supporting its credibility. The identification of higher-grade zones and the open nature of the deposit further enhance its potential.
Positive factors
- Significant increase in Indicated Mineral Resource contained ounces (60%) and grade (8%) for the AurMac Project.
- Overall project contained gold ounces increased by approximately 12% (Indicated + Inferred).
- The MRE is NI 43-101 compliant and signed off by an independent Qualified Person.
- The resource remains open in all directions, indicating further growth potential.
- High-grade zones identified at a 0.55 g/t Au cut-off, highlighting potential for higher-grade mining scenarios.
Negative factors
- Inferred Mineral Resource contained ounces and tonnage decreased compared to the prior estimate, though overall project ounces increased.
Facts used in scoring: 18
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate was prepared in accordance with the National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Evidence · text
“prepared in accordance with the National Instrument 43-101, Standards of Disclosure for Mineral Projects (" NI-43-101 ")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The MRE was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., who is an independent Qualified Person as defined by NI 43-101, and Duncan Mackay, M.Sc., P.Geo., also a Qualified Person, reviewed and approved the content.
Evidence · text
“The updated Mineral Resource Estimate for the AurMac Project was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent " Qualified Person " within the meaning of NI 43-101 , who has reviewed and approved the contents of this release and has verified the data disclosed as it relates to the MRE. Duncan Mackay, M.Sc., P.Geo., is a " Qualified Person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects (" NI 43-101 "), and has reviewed and approved the content of this news release in respect of all disclosure other than the MRE.”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Indicated Mineral Resource grows 60% in contained ounces, with an Indicated grade increase of 8%, indicating a significant upgrade in confidence.
Evidence · text
“Indicated Mineral Resource grows 60% in contained ounces , with an Indicated grade increase of 8%”
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: The Indicated Mineral Resource tonnage increased from 112.5 Mt to 167.3 Mt, a significant increase.
Evidence · text
“Indicated 3.64 million (" M ") ounces (" oz ") of gold (" Au ") (167.3 M tonnes at 0.68 g/t Au )”
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: The Indicated grade increased by 8% from 0.629 g/t to 0.677 g/t.
Evidence · text
“Indicated grade increase of 8%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The Indicated contained gold ounces increased by 60% from 2.274 M oz to 3.639 M oz.
Evidence · text
“Indicated Mineral Resource grows 60% in contained ounces”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, and sensitivities are provided at 0.55 g/t Au cut-off.
Evidence · text
“Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource (4.98 M oz) is in the Inferred category, which is a speculative category with limited geological confidence.
Evidence · text
“Inferred 4.98 M oz of gold (267.2 M tonnes at 0.58 g/t Au )”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: The Inferred contained gold ounces decreased from 5.453 M oz to 4.985 M oz.
Evidence · table
“5,453,428”
Context: 280,597,695
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: The Inferred tonnage decreased from 280.6 Mt to 267.2 Mt.
Evidence · table
“280,597,695”
Context: 280,597,695
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The Inferred grade decreased from 0.604 g/t to 0.580 g/t.
Evidence · table
“0.604”
Context: 280,597,695
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces an updated Mineral Resource Estimate for the AurMac Project, building on a previous 2025 MRE.
Evidence · text
“Banyan Expands Indicated and Inferred Mineral Resource Estimate and Improves Grade at AurMac Deposit, Yukon, Canada”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: This MRE will support the upcoming Preliminary Economic Assessment (PEA) expected in the second half of 2026.
Evidence · text
“This MRE will support the upcoming Preliminary Economic Assessment (" PEA "; expected second half of 2026)”
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Resource Estimates (18)
indicatedAurMac Project · goldTonnes: 37700000Grade: 0.69Grade Unit: g/tContained Metal: 0.84Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:b2b12e3dbc4809b20463
- Deposit or zone
- Airstrip
Resource Data
- Category
- indicated
- Tonnes
- 37700000
- Grade
- 0.69
- Grade Unit
- g/t
- Contained Metal
- 0.84
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Airstrip deposit contributes significantly to the overall Indicated resource with a good grade and contained ounces, reflecting positive progress.
Positive factors
- Contained gold ounces for Airstrip Indicated resource are substantial.
- Grade is moderate for an open-pit gold deposit.
Evidence · table
“0.69”
Context: 37.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedAurMac Project · goldTonnes: 129500000Grade: 0.67Grade Unit: g/tContained Metal: 2.799Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:72da1b1020fabbca5f8e
- Deposit or zone
- Powerline
Resource Data
- Category
- indicated
- Tonnes
- 129500000
- Grade
- 0.67
- Grade Unit
- g/t
- Contained Metal
- 2.799
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Powerline deposit is a major contributor to the Indicated resource, showing substantial growth and improved grade, which is highly positive for the project.
Positive factors
- Powerline deposit shows strong contained gold ounces in the Indicated category.
- Grade is moderate for an open-pit gold deposit.
- Significant increase in contained ounces (68%) and grade (10%) for Powerline Indicated resource.
Evidence · table
“0.67”
Context: 129.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedAurMac Project · goldTonnes: 167300000Grade: 0.68Grade Unit: g/tContained Metal: 3.639Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:5bf1b6033815260fae29
- Deposit or zone
- Combined
Resource Data
- Category
- indicated
- Tonnes
- 167300000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 3.639
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
- Prior Tonnes
- 112517343
- Prior Grade
- 0.629
- Prior Contained Metal
- 2274397
- Prior Cutoff Grade
- 0.3
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The combined Indicated resource demonstrates substantial growth and improved grade, indicating a de-risked and more valuable project for future economic assessments.
Positive factors
- Overall Indicated resource shows significant growth in contained ounces (60%) and improved grade (8%).
- High confidence category for future economic studies.
Evidence · table
“0.68”
Context: 167.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 167300000 against 112517343 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.68 against 0.629 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3.639 against 2274397 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 3.639 from 2274397
inferredAurMac Project · goldTonnes: 15100000Grade: 0.84Grade Unit: g/tContained Metal: 0.405Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:74515eba4db366a82436
- Deposit or zone
- Airstrip
Resource Data
- Category
- inferred
- Tonnes
- 15100000
- Grade
- 0.84
- Grade Unit
- g/t
- Contained Metal
- 0.405
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Airstrip Inferred resource demonstrates significant growth and improved grade, indicating strong exploration potential.
Positive factors
- Airstrip Inferred resource shows a 65% increase in contained ounces and 11% increase in grade.
- Grade is good for an open-pit gold deposit.
Evidence · table
“0.84”
Context: 15.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 252100000Grade: 0.57Grade Unit: g/tContained Metal: 4.58Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:8bd98fcc2fc599ae5001
- Deposit or zone
- Powerline
Resource Data
- Category
- inferred
- Tonnes
- 252100000
- Grade
- 0.57
- Grade Unit
- g/t
- Contained Metal
- 4.58
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Powerline Inferred resource adds substantial ounces to the project, indicating good exploration potential, though the grade is slightly lower than Airstrip.
Positive factors
- Powerline Inferred resource contributes significantly to the overall resource base.
- Grade is moderate for an open-pit gold deposit.
Evidence · table
“0.57”
Context: 252.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 267200000Grade: 0.58Grade Unit: g/tContained Metal: 4.985Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:5f4022dc3c1ec0da928f
- Deposit or zone
- Combined
Resource Data
- Category
- inferred
- Tonnes
- 267200000
- Grade
- 0.58
- Grade Unit
- g/t
- Contained Metal
- 4.985
- Contained Unit
- m oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
- Prior Tonnes
- 280597695
- Prior Grade
- 0.604
- Prior Contained Metal
- 5453428
- Prior Cutoff Grade
- 0.3
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: While the Inferred resource contributes to the overall project, the decrease in contained ounces and grade compared to the previous estimate is a minor negative, though the company highlights overall project growth.
Positive factors
- The combined Inferred resource adds substantial ounces to the project's overall potential.
Negative factors
- Contained ounces and tonnage for the Inferred category decreased compared to the prior estimate.
- Grade for the Inferred category decreased compared to the prior estimate.
Evidence · table
“0.58”
Context: 267.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 267200000 against 280597695 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4.985 against 5453428 previously
indicatedAurMac Project · goldTonnes: 17100000Grade: 1.04Grade Unit: g/tContained Metal: 0.572Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:a2852e30ad34944cc10e
- Deposit or zone
- Airstrip
Resource Data
- Category
- indicated
- Tonnes
- 17100000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 0.572
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Airstrip deposit shows a significant high-grade component within the Indicated category, which could positively impact project economics.
Positive factors
- High-grade Indicated resource at a higher cut-off, indicating potential for selective mining.
- Grade is strong for an open-pit gold deposit.
Evidence · table
“1.04”
Context: 17.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedAurMac Project · goldTonnes: 58800000Grade: 0.99Grade Unit: g/tContained Metal: 1.876Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:134f3218475b65580d54
- Deposit or zone
- Powerline
Resource Data
- Category
- indicated
- Tonnes
- 58800000
- Grade
- 0.99
- Grade Unit
- g/t
- Contained Metal
- 1.876
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Powerline deposit also demonstrates a significant high-grade component within the Indicated category, contributing to overall project value.
Positive factors
- High-grade Indicated resource at a higher cut-off, indicating potential for selective mining.
- Grade is strong for an open-pit gold deposit.
Evidence · table
“0.99”
Context: 58.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedAurMac Project · goldTonnes: 75900000Grade: 1Grade Unit: g/tContained Metal: 2.449Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:4c9225fb812d7360d71e
- Deposit or zone
- Combined
Resource Data
- Category
- indicated
- Tonnes
- 75900000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 2.449
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The combined high-grade Indicated resource demonstrates the potential for robust project economics under a higher cut-off scenario.
Positive factors
- Combined Indicated resource at a higher cut-off shows a strong grade and contained ounces.
- Highlights the potential for a higher-grade mining scenario.
Evidence · table
“1.00”
Context: 75.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 7000000Grade: 1.33Grade Unit: g/tContained Metal: 0.3Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:c186c51ec31d59f3c34e
- Deposit or zone
- Airstrip
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 1.33
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Airstrip Inferred resource at a higher cut-off demonstrates good potential for future resource conversion and higher-grade mining.
Positive factors
- High-grade Inferred resource at a higher cut-off, indicating strong exploration potential for higher-grade zones.
- Grade is strong for an open-pit gold deposit.
Evidence · table
“1.33”
Context: 7.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 81100000Grade: 0.928Grade Unit: g/tContained Metal: 2.418Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:9b27e2f76da28dcbe319
- Deposit or zone
- Powerline
Resource Data
- Category
- inferred
- Tonnes
- 81100000
- Grade
- 0.928
- Grade Unit
- g/t
- Contained Metal
- 2.418
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The Powerline Inferred resource at a higher cut-off also shows good potential for future resource conversion and higher-grade mining.
Positive factors
- High-grade Inferred resource at a higher cut-off, indicating strong exploration potential for higher-grade zones.
- Grade is strong for an open-pit gold deposit.
Evidence · table
“0.928”
Context: 81.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 88100000Grade: 0.96Grade Unit: g/tContained Metal: 2.718Contained Unit: m ozView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:def58bc582a710d9e391
- Deposit or zone
- Combined
Resource Data
- Category
- inferred
- Tonnes
- 88100000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 2.718
- Contained Unit
- m oz
- Cutoff Grade
- 0.55
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: The combined high-grade Inferred resource provides further upside potential for the project, supporting future resource conversion efforts.
Positive factors
- Combined Inferred resource at a higher cut-off shows good grade and contained ounces.
- Highlights the potential for a higher-grade mining scenario in the Inferred category.
Evidence · table
“0.96”
Context: 88.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedAurMac Project · goldTonnes: 112517343Grade: 0.629Grade Unit: g/tContained Metal: 2274397Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:2acc83b89a865c5023cd
- Deposit or zone
- Combined
Resource Data
- Category
- indicated
- Tonnes
- 112517343
- Grade
- 0.629
- Grade Unit
- g/t
- Contained Metal
- 2274397
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-06-28
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-28T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison, showing the previous Indicated resource for the project.
Evidence · table
“0.629”
Context: 112,517,343
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredAurMac Project · goldTonnes: 280597695Grade: 0.604Grade Unit: g/tContained Metal: 5453428Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- AurMac Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:758560723def65c49d17
- Deposit or zone
- Combined
Resource Data
- Category
- inferred
- Tonnes
- 280597695
- Grade
- 0.604
- Grade Unit
- g/t
- Contained Metal
- 5453428
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-06-28
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-28T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison, showing the previous Inferred resource for the project.
Evidence · table
“0.604”
Context: 280,597,695
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedHyland Gold Project · goldTonnes: 11300000Grade: 0.93Grade Unit: g/tContained Metal: 337000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hyland Gold Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:dfecc3cf437056fd6dfd
Resource Data
- Category
- indicated
- Tonnes
- 11300000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 337000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-09-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-27T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical Indicated resource estimate for a secondary project, not the focus of the current announcement.
Evidence · text
“337 thousand (" K ") ounces (" oz ") of gold (" Au ") and 2.63 million (" M ") oz of silver (" Ag ") (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedHyland Gold Project · silverTonnes: 11300000Grade: 7.27Grade Unit: g/tContained Metal: 2.63Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hyland Gold Project
- Commodity
- silver
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:dfecc3cf437056fd6dfd
Resource Data
- Category
- indicated
- Tonnes
- 11300000
- Grade
- 7.27
- Grade Unit
- g/t
- Contained Metal
- 2.63
- Contained Unit
- m oz
Prior Estimate
- Resource Date
- 2025-09-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-27T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical Indicated resource estimate for a secondary project, not the focus of the current announcement.
Evidence · text
“337 thousand (" K ") ounces (" oz ") of gold (" Au ") and 2.63 million (" M ") oz of silver (" Ag ") (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredHyland Gold Project · goldTonnes: 3900000Grade: 0.95Grade Unit: g/tContained Metal: 118Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hyland Gold Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:e43a054818627f55608d
Resource Data
- Category
- inferred
- Tonnes
- 3900000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-27T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical Inferred resource estimate for a secondary project, not the focus of the current announcement.
Evidence · text
“Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredHyland Gold Project · silverTonnes: 3900000Grade: 6.94Grade Unit: g/tContained Metal: 0.86Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hyland Gold Project
- Commodity
- silver
- Region
- canada_yt
- Reported Region
- Yukon Territory, Canada
- Ticker
- BYN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras, P.Eng., M.A.Sc., Duncan Mackay, M.Sc., P.Geo.
- Resource group id
- resource:e43a054818627f55608d
Resource Data
- Category
- inferred
- Tonnes
- 3900000
- Grade
- 6.94
- Grade Unit
- g/t
- Contained Metal
- 0.86
- Contained Unit
- m oz
Prior Estimate
- Resource Date
- 2025-09-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-27T00:00:00.000Z
Dates
- Event date
- 2026-05-19T00:00:00.000Z
Reasoning: This is a historical Inferred resource estimate for a secondary project, not the focus of the current announcement.
Evidence · text
“Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.