Banyan Gold Announces Purchase of Underlying Aurmac Royalty and Establishment of Yukon Scholarship

Jun 28, 2022

VANCOUVER, B.C. / ACCESSWIRE / June 28, 2022 / Banyan Gold Corp. (the "Company" or "Banyan Gold") (TSXV:BYN) (OTCQB:BYAGF) is pleased to announce the completion of the Royalty Purchase Agreement (the "Royalty Purchase Agreement") from the Estate of Jim McFaull ("the Vendor"), whereby Banyan Gold has purchased 100% of the Vendor's royalty interest on 97 claims, known as the McFaull Claims, within the Aurex Claim Block of the AurMac Property. The Vendor had been granted Royalty Interests under a Net Smelter Royalty Agreement dated November 23, 1992. The McFaull Claims cover key target areas on the AurMac Property and include portions of the Company's Powerline and Aurex Hill deposits.

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