200m+ Gold Intercepts Support Glenburgh's Emergence as a Major Gold System Bulk open pit potential emerging at Icon / Apollo Trend
200m+ Gold Intercepts Support Glenburgh's
Emergence as a Major Gold System
Bulk open pit potential emerging at Icon / Apollo Trend
HIGHLIGHTS:
New step-out holes drilled at Icon targeting a large gap under previous drilling returned
thick, high-grade gold, confirming mineralisation continuity and significant potential for
resource growth. All holes ending in mineralisation, significant intercepts include:
154m at 1.1g/t gold from 76m including 5m at 22g/t gold (25GLR_062)
134m at 1g/t gold from 66m including 44m at 2.2g/t gold (25GLR_060)
117m at 0.7g/t gold from 107m including 38m at 1.1g/t gold (25GLR_064)
In addition, the drilling at Icon delivered multiple gold intercepts exceeding 200m, all
ending in mineralisation, including:
206m at 0.5g/t gold from 194m including 19m at 0.9g/t gold and 43m at 0.9g/t gold
(25GLR_036)
272m at 0.5g/t gold from 157m including 41m at 1.6g/t gold (25GLR_032)
306m at 0.4g/t gold from 222m including 39m at 1.3g/t gold and 10m at 2.8g/t gold
(25GLR_034)
Geological modelling indicates that these zones remain open at depth, with strong
potential for further extensions. Mineralisation is interpreted to link with the nearby
Tuxedo deposit in a synformal geometry, outlining a potential 400 m wide mineralised
envelope. This envelope comprises up to three broad higher-grade zones (100m wide,
grading 0.8-1.5g/t gold), interconnected by a continuous lower-grade halo averaging 0.2-
0.3g/t gold.
Drilling to continue with two RC drill rigs fully funded by recent A$13.5M raising
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2025) -
Benz Mining Corp (ASX: BNZ)
(TSXV: BZ) ("Benz"
or the
"Company")
is pleased to report further strong results from ongoing drilling
at the Icon Prospect within the Glenburgh Gold Project in Western Australia. Icon is located
approximately 6km from the recently announced Zone 126 high grade trend and forms part of 18km of
known gold trend at the Glenburgh Gold Project.
Figure 1
Section view looking north east at Icon Deposit, viewing window +/- 200m from section line.
To view an enhanced version of this graphic, please visit:
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The latest results have successfully confirmed the following major developments:
1
.
Mineralisation significantly exceeds previous defined boundaries with all intersections targeting
deeper zones ending in mineralisation.
2
.
Zones of mineralisation appear to be linking up with the nearby Tuxedo deposit, suggesting that
the system may grow to approximately 400m in width.
3
.
3 distinct higher grade 0.8 - 1.5g/t gold lenses emerging within this 400m package (see Figure 1).
4
.
A new zone potentially emerging to the north with a shallow hit of 4m at 2.5g/t gold.
Benz CEO, Mark Lynch-Staunton, commented:
"The latest results from Icon are extraordinary. Intercepts of over 200 metres of mineralisation, all
ending in gold, are the kind of outcome that would turn heads in any global gold district. These are the
widths that porphyry explorers spend years chasing, and we're seeing them in a structurally controlled
system with strong grade continuity.
"When combined with the continued success at Zone 126, including the discovery of a third high-
grade lens, it's clear Glenburgh is not just a collection of isolated deposits. It's a much larger, evolving
gold system. With over 20km of untested strike, multiple high-priority targets, and a structural model
that's delivering new discoveries, Glenburgh has all the hallmarks of a tier-1, multi-million-ounce gold
district.
"With every hole, our confidence in the scale and significance of this system continues to grow, and
we've only just scratched the surface."
Icon - a large bulk scale opportunity
The geometry, continuity, and thickness of the mineralisation at Icon — particularly in the near-surface
environment — strongly support the potential for a
low-strip, bulk-scale open-pit mining operation
.
This style of deposit is ideally suited to efficient, large-scale development and could deliver significant
gold ounces at relatively low cost per tonne.
Historical exploration at Icon appeared to be limited to previous pit shell designs with the majority of
holes ending in mineralisation at depth. Benz's current drilling is looking to unconstrain this
mineralisation with drilling significantly past the previously drilled boundaries (see Figure 1).
Planning is currently underway for step-out and infill drilling to test the full scale and continuity of the Icon
system, with further drilling aimed at expanding the mineralised footprint and upgrading the confidence of
mineralised volumes ahead of future resource modelling.
These results further reinforce the Company's view that Glenburgh is evolving into a district-scale gold
system, with Icon now emerging as a cornerstone deposit capable of supporting substantial, long-life
gold production.
Figure 2
Plan view of drilling collars and traces.
To view an enhanced version of this graphic, please visit:
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Figure 3
Glenburgh Project Geology overview.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/261117_2cf84bccf41ada10_003full.jpg
This announcement has been approved for release by the Board of Benz Mining Corp.
For more information please contact:
Mark Lynch-Staunton
Chief Executive Officer
Benz Mining Corp.
E:
T: +61 8 6143 6702
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the
TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold
Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western
Australia.
Benz's key point of difference lies in its team's deep geological expertise and the use of advanced
geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to
rapidly grow its global resource base and solidify its position as a leading gold explorer across two of
the world's most prolific gold regions.
The Glenburgh Gold Project features a Historical (for the purposes of NI 43-101) Mineral Resource
Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)
1
. A technical report prepared under
NI 43-101-
Standards of Disclosure for Mineral Projects
(
NI 43-101
) titled "NI 43-101 Technical Report
on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December
2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at
www.sedarplus.ca
.
The Eastmain Gold Project in Quebec hosts a Mineral Resource Estimate dated effective May 24, 2023
and prepared in accordance with NI 43-101 and JORC (2012) of 1,005,000 ounces at 6.1g/t Au
2
, also
available under the Company's profile at
www.sedarplus.ca
, showcasing Benz's focus on high-grade,
high-margin assets in premier mining jurisdictions.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/261117_2cf84bccf41ada10_004full.jpg
For more information, please visit:
https://benzmining.com/
.
Qualified Person's Statement (NI 43-101)
The disclosure of scientific or technical information in this news release is based on, and fairly
represents, information compiled by Mr Mark Lynch-Staunton, who is a Qualified Person as defined by
NI 43-101 and a Member of Australian Institute of Geoscientists (AIG) (Membership ID: 6918). Mr Lynch-
Staunton has reviewed and approved the technical information in this news release. Mr Lynch-Staunton
owns securities in Benz Mining Corp.
Historical Mineral Resource Estimates
All mineral resource estimates in respect of the Glenburgh Gold Project in this news release are
considered to be "historical estimates" as defined under NI 43-101. These historical estimates are not
considered to be current and are not being treated as such. These estimates have been prepared in
accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and
Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have
not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified
Person) has not done sufficient work to classify the historical estimates as current mineral resources. A
Qualified Person would need to review and verify the scientific information and conduct an analysis and
reconciliation of historical data in order to verify the historical estimates as current mineral resources.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information"
or "forward looking statements" (collectively
Forward-Looking Information
) as such term is used in
applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to,
disclosure regarding the exploration potential of the Glenburgh Gold Project and the anticipated benefits
thereof, planned exploration and related activities on the Glenburgh Gold Project. In certain cases,
Forward-Looking Information can be identified by the use of words and phrases or variations of such
words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps",
"commitments" and "potential", in relation to certain actions, events or results "could", "may", "will",
"would", be achieved. In preparing the Forward-Looking Information in this news release, the Company
has applied several material assumptions, including, but not limited to, that the accuracy and reliability of
the Company's exploration thesis in respect of additional drilling at the Glenburgh Gold Project will be
consistent with the Company's expectations based on available information; the Company will be able to
raise additional capital as necessary; the current exploration, development, environmental and other
objectives concerning the Company's Projects (including Glenburgh and Mt Egerton Gold Projects) can
be achieved; and the continuity of the price of gold and other metals, economic and political conditions,
and operations.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could
cause plans, estimates and actual results to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking information in this news release to change or
to be inaccurate include, but are not limited to, the early stage nature of the Company's exploration of the
Glenburgh Gold Project, the risk that any of the assumptions referred to prove not to be valid or reliable,
that occurrences such as those referred to above are realized and result in delays, or cessation in
planned work, that the Company's financial condition and development plans change, and delays in
regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in
the Company's continuous disclosure filings filed under the Company's profile at
www.sedarplus.ca
and
www.asx.com.au
. Accordingly, readers should not place undue reliance on Forward-Looking Information.
The Forward-looking information in this news release is based on plans, expectations, and estimates of
management at the date the information is provided and the Company undertakes no obligation to
update these forward-looking statements, other than as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Appendix 1: Collar Table.
Coordinates system: GDA94/MGA Zone 50
Hole number
Easting
Northing
Elevation (m)
End Depth (m)
Dip
Azimuth
25GLR_064
409586.94
7191507.83
293
366
58
158
25GLR_062
409603.42
7191477.59
293
420
63
161
25GLR_060
409621.68
7191475.74
292
216
63
161
25GLR_036
409701.46
7191553.84
293
402
60
170
25GLR_034
409498.66
7191542.61
292
530
61
164
25GLR_032
409580.42
7191568.88
292
432
59
163
Appendix 2: Significant Intercepts Tables.
Higher Grade Intercepts
: A nominal 0.9g/t Au lower cut off has been applied to results, with no
maximum internal dilution included unless otherwise stated.
Hole ID
From (m)
To (m)
Length (m)
Au (ppm)
25GLR_064
108
146
38
1.1
25GLR_064
178
185
7
1.7
25GLR_064
203
210
7
1.5
25GLR_062
84
88
4
1.4
25GLR_062
94
210
116
1.3
25GLR_060
69
71
2
2.0
25GLR_060
85
99
14
1.2
25GLR_060
135
179
44
2.2
25GLR_036
164
166
2
1.2
25GLR_036
202
204
2
1.2
25GLR_036
208
227
19
0.9
25GLR_036
352
395
43
0.9
25GLR_034
7
11
4
2.5
25GLR_034
175
179
4
2.0
25GLR_034
231
270
39
1.3
25GLR_034
309
311
2
1.3
25GLR_034
315
317
2
1.4
25GLR_034
494
504
10
2.8
25GLR_033
426
512
86
1.1
25GLR_032
175
216
41
1.6
25GLR_032
282
285
3
2.0
25GLR_032
341
343
2
1.3
Bulk potential intercepts
reported with a nominal 0.3g/t Au lower cut off with no maximum internal
dilution length applied.
Hold ID
From (m)
To (m)
Length (m)
Au (ppm)
Comment
25GLR_064
107
224
117
0.7
Ending in mineralisation
25GLR_062
76
230
154
1.1
Ending in mineralisation
25GLR_060
66
200
134
1.0
Ending in mineralisation
25GLR_036
163
166
3
1.0
Ending in mineralisation
25GLR_036
194
400
206
0.5
Ending in mineralisation
25GLR_034
4
37
33
0.4
Ending in mineralisation
25GLR_034
149
179
30
0.3
Ending in mineralisation
25GLR_034
222
528
306
0.4
Ending in mineralisation
25GLR_032
157
429
272
0.5
Ending in mineralisation
Appendix 3: JORC Tables
JORC Code, 2012 Edition - Table 1 report template
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria
Commentary
Sampling techniques
Results are part of BNZ's RC drilling campaign at the recently acquired Glenburgh Gold Project situated ~285
km east of Carnarvon via Gascoyne Junction, WA.
RC drilling samples were collected as 1m single samples.
Each sample collected represents each one (1) metre drilled collected from the rig-mounted cone splitter into
individual calico bags (~3kg) and stored in labelled sequential polyweave bags for long-term storage.
The rig mounted cyclone/cone splitter was levelled at the start of each hole to aid an even fall of the sample
through the cyclone into the cone splitter.
RC drilling sample submissions include the use of certified standards (CRMs), and field duplicates were added to
the submitted sample sequence to test laboratory equipment calibrations.
Standards selected are matched to
the analytical method of photon assaying at ALS labs in Perth (~500g units). No composites were taken.
Based on statistical analysis of these results, there is no evidence to suggest the samples are not representative.
Drilling techniques
The RC drill rig was a Schramm C685 Rig type with the capability to reach >400m depths with a rig-mounted
cyclone/cone splitter using a face sample hammer bit of 5 1⁄2 - 6" size.
The booster was used to apply air to keep drill holes dry and reach deeper depths.
Drill sample recovery
RC sample recovery is visually assessed and recorded where significantly reduced. Negligible sample loss has
been recorded.
RC samples were visually checked for recovery, moisture and contamination.
A cyclone and cone splitter were
used to provide a uniform sample, and these were routinely cleaned.
RC Sample recoveries are generally high. No significant sample loss has been recorded.
Logging
RC chip samples have been geologically logged on a per 1 metre process recording lithology, mineralisation,
veining, alteration, and weathering.
Geological logging is considered appropriate for this style of deposit (metamorphosed orogenic gold). The
entire length of all holes has been geologically logged.
RC drill logging was completed by Galt Mining Solutions staff and data entered into BNZ's MXDeposit digital
data collection platform provided by Expedio.
All drill chips were collected into 20 compartment-trays for future reference and stored at Galt's warehouse in
West Leederville at the time of reporting.
Sub-sampling techniques
and sample preparation
RC chips were cone split at the rig.
Samples were generally dry.
A sample size of between 3 and 5 kg was collected.
This size is considered appropriate, and representative of
the material being sampled given the width and continuity of the intersections, and the grain size of the
material being collected.
For the 1 metre samples, certified analytical standards (appropriate for photon assaying) and field duplicates
were inserted at appropriate intervals at a rate equal to 1 in 20 and sent for analysis with the samples.
Sample preparation was undertaken at ALS Laboratory - Perth. Gold analysis utilised the photon assaying
methodology where original samples are crushed to 2mm with a sub-set 500g separated for non-destructive
analysis.
Any sample reporting as having elevated > 1µSv readings during the preparation for photon assaying at ALS
labs were flagged and were submitted for fire assay (Au-AA26) methodology at ALS labs in Perth as a
quantifying check against the Photon assays.
Criteria
Commentary