VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the voting results of the Company's Annual General and Special Meeting of Shareholders held on October 20, 2025 (the "Meeting").
A total of 160,626,338 common shares were voted, representing the votes attached to 42.64% of all outstanding common shares. Shareholders voted in favour of the election of all director nominees. The percentage of votes cast for each is as follows:
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Nominee | Total "for" votes cast | Votes "for" % |
Marc Blythe | 136,396,441 | 99.64% |
Hayley Halsall-Whitney | 136,513,202 | 99.73% |
Tara Christie | 136,718,131 | 99.88% |
David Reid | 136,519,711 | 99.73% |
Steve Burleton | 136,514,126 | 99.73% |
Shareholders also approved: (i) the appointment of De Visser Gray LLP, Chartered Professional Accountants, as the Company's auditors and authorized the directors to set the auditor's remuneration; and (ii) a resolution approving the Company's Stock Option Plan.
The appointment of De Visser Gray LLP, Chartered Professional Accountants as auditor of the Company:
Total number of "for" votes cast: 160,400,339 or 99.86%
In favour of approval of the Stock Option Plan:
Total number of "for" votes cast: 135,031,308 or 98.65%
Further information can be found in Banyan Gold's information circular available on SEDAR at www.sedar.com.
Upcoming Events
Hidden Gems Conference, New York - October 20 to 21, 2025
New Orleans Investment Conference - November 2 to 5, 2025
Corporate Update and Breakfast - November 5, 7:15 AM CST
Deutsche Goldmesse Fall, Frankfurt - November 14 to 15, 2025
Yukon Geoscience Forum, Whitehorse - November 16 to 19, 2025
Qualified Persons
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.? Mr. Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this news release, including the sampling, ??analytical and test data underlying the information.
About Banyan
Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ?ounces of gold ("Au") (112.5 M tonnes at 0.63 g/t) and an Inferred Mineral Resource of 5.453 M oz of Au (280.6 M tonnes at 0.60 g/t ) (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres ("sq km") AurMac Project lies 40 km from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage
Table 1: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac Project
Deposit | Gold Cut-Off (g/t) | Tonnage | Average Gold Grade (g/t) | Contained Gold (Moz) |
Indicated MRE |
| |||
Airstrip | 0.30 | 27.7 | 0.69 | 0.611 |
Powerline | 0.30 | 84.8 | 0.61 | 1.663 |
Total Combined Indicated MRE | 0.30 | 112.5 | 0.63 | 2.274 |
Inferred MRE |
| |||
Airstrip | 0.30 | 10.1 | 0.75 | 0.245 |
Powerline | 0.30 | 270.4 | 0.60 | 5.208 |
Total Combined Inferred MRE | 0.30 | 280.6 | 0.60 | 5.453 |
Notes to Table 1 :
The effective date for the MRE is June 28, 2025 and 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.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature ?and there has been insufficient exploration to define these Inferred Mineral Resources as an ?Indicated Mineral Resource.
Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.73 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US$2,050/ounce, US$2.50/t mining cost, US$10.00/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes. 1
The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.
Banyan trades on the TSX-Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market under the symbol "BYAGF". For more information, please visit the corporate website at or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs and the Company's plans and timing for the closing the 100% acquisition of the McQuesten and Aurex properties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend(s)", "believe", "potential" and "continue" or the negative thereof or similar variations, Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the potential for resource expansion; the potential to convert inferred resources into indicated resource, mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
1 The gold price and cost assumptions are consistent with current pricing assumptions and costs and, in particular, with those employed for recent technical reports for similar pit-constrained Yukon gold projects.
SOURCE: Banyan Gold Corp.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-gold-announces-voting-results-from-annual-general-and-special-meeting-of-s-1089686
