Core Viewpoint - Banyan Gold Corp. has reported high-grade gold mineralization at its AurMac Project in Yukon, Canada, specifically in the Airstrip Deposit and Aurex Hill Zone, indicating strong potential for resource development [1] Summary by Sections Aurex Hill Intersections Highlights - AX-25-796: 0.84 g/t Au over 38.9m within 0.64 g/t Au over 76.0m, including high-grade intervals of 26.35 g/t Au over 0.5m [1] - AX-25-802: 2.82 g/t Au over 11.8m within 0.78 g/t Au over 51.1m, including high-grade interval of 7.26 g/t Au over 4.3m [1] Airstrip Intersections Highlights - AX-25-720: 1.10 g/t Au over 6.5m within 0.30 g/t Au over 38.9m, includes high-grade intervals of 16.70 g/t Au over 0.4m and 13.80 g/t Au over 1.0m [1] - AX-25-731: 2.27 g/t Au over 5.0m within 1.24 g/t Au over 11.0m, includes high-grade interval of 14.10 g/t Au over 0.5m [1] - AX-25-758: 0.90 g/t Au over 18.9m within 0.51 g/t Au over 43.8m, includes 17.14 g/t Au over 0.3m [1] - AX-25-792: 4.25 g/t Au over 3.3m within 0.60 g/t Au over 37.6m, includes 14.60 g/t Au over 0.5m [1] Management Commentary - The high-grade gold mineralization in both the Aurex Hill zone and the Airstrip Deposit reinforces the understanding of high-grade mineralization and meets the objective of targeting areas suitable for starter pits, according to the President and CEO, Tara Christie [1]

Core Viewpoint - West Red Lake Gold Mines has reported high-grade drill results from the Lower Austin Zone, indicating significant potential for gold mineralization and resource expansion in the Madsen Mine [1][2][8]. Company Objectives - The company is focusing on three main objectives: achieving targeted ramp-up gold ounce production, instituting new operational efficiencies, and adding high-confidence gold ounces to its metal inventory [3]. Drill Results and Mineralization - The recent drilling at the Madsen Mine, specifically from the 12 Level at approximately 600 meters depth, has yielded high-grade results, including an intersection of 7.75 meters at 139.45 grams per tonne gold [2][8]. - The Lower Austin Zone currently has an indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne gold, with an inferred resource of 104,900 ounces at 6.5 grams per tonne gold [1][8]. Historical Context and Potential - The Madsen Mine has resources defined down to depths of over one kilometer, with the Red Lake District known for deep deposits that typically increase in thickness at lower depths [7]. - Historical data indicates that significant high-grade zones can radically change a company's production profile, as seen in past operations in the Red Lake area [7]. Mining Strategy and Economic Viability - The company employs a drilling strategy with seven-meter spacing to accurately model the deposit, which is crucial for managing the discontinuity of mineralization [10]. - A higher gold price allows for a more inclusive resource estimation, reducing the cutoff grade for resource inclusion and potentially increasing overall ounces and tonnage [20]. Future Exploration and Development - The company anticipates continued success in discovering and defining more lenses of high-grade mineralization as drilling progresses in the Lower Austin Zone [21]. - The recent findings are seen as validation for the company's decision to resume production at the Madsen Mine, with expectations of further discoveries [13].