Team(US:TISI) Accessnewswire·2026-03-30 10:00Core Viewpoint - Banyan Gold Corp has appointed Patrick Langlois as Vice President of Strategy and Corporate Development, effective March 30, 2026, to strengthen its management team and advance its strategic initiatives [2][5]. Management Appointment - Patrick Langlois brings over 25 years of experience in corporate development, strategy, capital markets, and mergers and acquisitions, having previously served as CFO and VP of Corporate Development at Probe Gold Inc. [3] - His notable achievements include executing over $1.3 billion in mining and resource M&A transactions, particularly in the gold sector [4]. Strategic Focus - The company aims to leverage Langlois's expertise to enhance shareholder value and advance the AurMac Project, which is one of Canada's largest undeveloped gold projects [5]. - A Preliminary Economic Assessment (PEA) for the AurMac Project is expected in the second half of 2026 to establish key economic benchmarks [5]. Exploration Update - The 2026 exploration program at AurMac is currently underway, with five drills operating and 5,749 meters drilled to date [7]. - The company has granted 850,000 stock options to consultants and employees at an exercise price of $1.10 per share, with a vesting period of 18 months [7][8]. Mineral Resource Estimates - The AurMac Project has an Indicated Mineral Resource of 2.274 million ounces of gold and an Inferred Mineral Resource of 5.453 million ounces of gold, with the effective date of the estimate being June 28, 2025 [9][10]. - The project covers 303 square kilometers and is located 40 km from Mayo, Yukon, benefiting from existing infrastructure [9]. Additional Projects - Banyan also holds the Hyland Gold Project, which has an Indicated Mineral Resource of 337,000 ounces of gold and 2.63 million ounces of silver, and the Nitra Gold Project, a grassroots exploration project covering approximately 313.9 square kilometers [15][16].