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| By Sean Brodrick Reviewed by: Jim Nelson |
Imagine discovering 8.6 million ounces of gold in Canada's Yukon Territory.
Now imagine that your deposits are still open for expansion, your latest resource estimate shows a 60% jump in indicated gold ounces and you're drilling like crazy to find even more.
That's the exciting story unfolding at Banyan Gold (BYAGF), a junior explorer that could be sitting on one of the Yukon's next major gold mines.
And investors may soon get a much clearer picture of just how valuable that gold could be.
Banyan is preparing to release its preliminary economic assessment — the first detailed look at what it might cost to build a mine and how much money that mine could potentially make.
I recently sat down with Banyan President and CEO Tara Christie at the New Orleans Investment Conference to discuss the company's enormous gold resource, its aggressive exploration program and what comes next.
You can hear Tara tell the story herself in this exclusive interview.
Banyan's flagship asset is the AurMac Gold Project, located in Canada’s Yukon.
The project consists primarily of two deposits, Powerline and Airstrip, which together contain an estimated 3.64 million ounces of gold in the indicated category and another 4.98 million ounces in the inferred category.
That's 8.62 million ounces in total. And there's plenty of room for growth.
Banyan's May 2026 resource update increased indicated ounces by 60%, while improving the indicated grade by 8%.
Importantly, both deposits remain open for expansion, including at depth.
Another advantage is infrastructure.
Unlike many remote Yukon discoveries, AurMac benefits from existing road access, electrical power infrastructure and nearby mining activity.
That could substantially reduce the cost of developing a mine compared with a project requiring entirely new infrastructure.
What's Next for Banyan?
The company is focused on completing a 70,000-meter drilling program to expand existing deposits, upgrade inferred resources and test new exploration targets.
Recent drilling has also identified promising mineralization between the Airstrip and Powerline deposits.
Another major milestone is the preliminary economic assessment (PEA).
You saw in the video that Tara says it’s coming in the fourth quarter. Basically, any day now!
This should give investors their first detailed look at potential mine production, construction costs, operating costs and project economics.
The caveat is that Banyan remains an exploration and development company with no producing mine. I’m not recommending it right now.
Still, with more than 8.6 million ounces of identified gold resources, substantial exploration upside and a well-funded development program, Banyan is a junior gold company worth keeping an eye on.
All the best,
Sean Brodrick
