Benz Announces Exceptional High-Grade Gold Intercepts at Glenburgh
Benz Announces Exceptional High-Grade Gold
Intercepts at Glenburgh
HIGHLIGHTS:
Thick high-grade gold at the Zone 126 trend
confirming vertical and grade continuity.
Highlights include:
25GLR022:
39m at 5.1g/t gold from 319m -
one of the thickest high grade intercepts to
date at the Project
25GLR027:
10m at 12.9g/t gold from 299m
- broadens the width and strike of the original
high-grade lens at depth
25GLR027: An additional
2m at 12g/t gold from 350m
25GLR026:
8m at 5.5g/t gold from 204m
25GLR025:
5m at 4.6g/t gold from 197m
Both lenses remain open at depth with strike extension testing underway
True widths supported with opposite direction drilling:
Results from scissor drilling indicate
previous intercepts are likely close to true width, providing strong support for future resource
estimation and mining studies. Ongoing structural interpretation and further drilling will continue to
refine this understanding.
Encouraging hit between Zone 126 and Zone 102:
The first hole targeting the gap between
Zone 126 and Zone 102 has returned a broad, mineralised intercept with an emerging high-grade
core.
215m at 0.25g/t gold from 254m including
4m at 2.6g/t gold
Step out drilling to test along strike of Zone 126 trend underway aimed at identifying further high-
grade lenses within this fertile trend.
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2025) - Benz Mining Corp. (ASX: BNZ) (TSXV:
BZ) (
Benz
or the
Company
) is pleased to report exceptional assay results from recent RC drilling at the
Zone 126 trend within the Glenburgh Gold Project. The results mark a major step forward in
understanding and expanding the high-grade gold system, with several key technical and strategic
milestones achieved.
Figure 1
Long section view looking of Zone 126 trend. Proposed drilling demarcated by black crosses.
Current release results in red text. Previous results released on 6 November 2024 and 3 April 2025.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/257258_6dfa005b049c7be9_001full.jpg
Drilling to date has been strategically focused on extending the two known high-grade lenses at the Zone
126 trend, laying the groundwork for Benz's maiden Mineral Resource Estimate at Glenburgh. The
results received so far are highly encouraging, demonstrating strong continuity of the high-grade lenses
both along strike and at depth. With confidence building in the geological model, the next phase of
drilling will step out to the east to test high-priority down-plunge targets, aimed at unlocking further
resource growth along this fertile trend.
Benz CEO, Mark Lynch-Staunton, commented:
"These are fantastic results for Benz. To deliver thick, high-grade gold at depth across both known
lenses at Zone 126 - and to gather strong indications that this mineralisation is close to true width - is
a huge step forward. It gives us real confidence in the scale, consistency, and continuity of this
system. We've long believed Glenburgh has the potential to host a significant gold system, and these
latest results strongly support that view. We're just getting started - with step-out drilling now underway
and new zones emerging between Zone 126 and Zone 102, we are well positioned to continue
unlocking a much larger mineralised system at Glenburgh.
"
Benz is undertaking a fully funded 30,000m drill program at its Glenburgh Gold Project, following the
successful completion of a A$13.5 million capital raise. Since acquiring the project in February 2025, the
Company has launched extensive work programs to better understand the geology and structural
controls of this underexplored, highly metamorphosed gold system.
A dual-track growth strategy is now being executed
- advancing the large-scale open pit potential
at Icon-Apollo alongside high-grade underground opportunities at the adjacent Zone 126 lens - offering
multiple near-term development pathways, all on granted mining leases. Two rigs are drilling at full
capacity to deliver this strategy: one focused on growing the bulk-tonnage gold system at Icon-Apollo,
and the other targeting high-grade extensions at Zone 126, where previous results have included:
11m at 19.9g/t gold from 274m
(GBZ126_010);
5m at 10.2g/t gold from 222m
(GBZ126_001); and
4m at 12.2g/t gold from 319m
(GBZ126_009).
Figure 2
Glenburgh Project Geology overview.
To view an enhanced version of this graphic, please visit:
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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/1818/257258_6dfa005b049c7be9_003full.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
Max.
depth
(m)
Dip
Azimuth
25GLR_027
414710.8
7193499
303.034
400
60
330
25GLR_026
414722.0
7193567
303.04
308
65
311
25GLR_025
414722.0
7193567
304
270
61
328
25GLR_024
414206.5
7193695
300.446
480
60
145
25GLR_022
414620.9
7193801
301.817
450
60
135
Appendix 2: Significant Intercepts Tables.
High Grade Intercepts
: A nominal 1 g/t Au lower cut off has been applied to results, with up to 3m
internal dilution included unless otherwise stated.
Hole ID
From
To
Au ppm
Interval
25GLR_027
282
285
1.9
3
25GLR_027
293
295
2.1
2
25GLR_027
299
309
12.9
10
25GLR_027
350
352
12.0
2
25GLR_027
366
369
1.8
3
25GLR_026
197
200
2.7
3
25GLR_026
204
212
5.4
8
25GLR_026
254
256
1.3
2
25GLR_025
159
165
1.3
6
25GLR_025
197
202
4.6
5
25GLR_024
266
270
1.1
4
25GLR_024
359
363
2.6
4
25GLR_022
319
324
9.5
5
25GLR_022
334
342
6.6
8
25GLR_022
348
358
9.6
10
Hole ID
From
To
Au ppm
Interval
Bulk potential intercepts
reported with a nominal 0.2 g/t Au lower cut off with no maximum internal
dilution length applied. Included high grade intervals are calculated using a 1g/t Au lower cut off with
no maximum internal dilution length applied
Table 3
Hole ID
From
To
Au ppm
Interval
Comment
25GLR_027
277
393
1.7
116
25GLR_026
197
306
0.7
109
25GLR_025
147
214
0.7
67
25GLR_024
254
469
0.25
215
25GLR_022
315
387
2.9
72
Including
39m @ 5.1g/t
from 319m
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.
Quality of assay data and
laboratory tests
Preliminary pXRF and Labspec ASD analysis was conducted by Galt Mining Solutions personnel utilising
Geotek's Boxscan automated system.
The scanning of sieved RC drilling fines sample material utilised an Olympus Vanta M Series portable XRF in
Geochem mode (3 beam) and a 20-second read time for each beam (Instrument_Serial = 840951).
The ASD data reader on Boxscan has a 3 nm VNIR, 6 nm SWIR spectral resolution of the LabSpec 4 Hi-Res
analytical instrument (Electronics serial number: 28191).
The pXRF and ASD are incorporated into Geotek's Boxscan machine to facilitate an automated data collection
process.
This includes periodic calibration and QAQC scans on Geotek-supplied pucks and colour strips.
The QAQC scans are verified and checked on Boxscan's internal program datasheet against expected results to
ensure the analysers are conforming to Boxscan's expected operating parameters.
A review of the pXRF and ASD sample results provided an acceptable level of analysis and the data is
appropriate for reporting the geochemistry results in the context of its use for screening areas for indications of
elevations in concentrations with elements of interest.
pXRF and ASD results should never be considered a proxy or substitute for laboratory analysis, which is required
to determine robust and accurate potential for mineralisation and associated elements. The reporting of pXRF
and ASD results should not be described as an "assay" result, as these are not of the same level of accuracy or
precision as that obtained from a certified laboratory workflow. The use of "preliminary indicative field data" is a
more appropriate term when referring to pXRF and ASD results.
The pXRF data is exploratory in nature and is used predominantly as an internal workflow to assist in target
prioritisation through an early phase of exploration investigation.
No previous comparisons of pXRF and ASD data with laboratory data at the project have been undertaken to
date.
The analysis involved direct point counting on the raw surfaces of the supplied drill fines. The fines are
transferred from geochem packets to purpose-made scanning pucks, with the analysis taken from the middle of
these pucks. The sample material was dry and collected and analysed in ambient temperatures within the
processing warehouse.
Monitoring of workstation area and apparatus temperatures occur during the shift with
cooling actions being implemented when required.
This provides only semi-quantitative information and is reported as raw data without significant corrections,
which is best interpreted as an abundant/present/absent classification for most elements. This information
provides useful trend analyses at an exploration target scale.
Verification of sampling and
assaying
Significant drill intersections are checked by the supervising personnel. The intersections are compared to
recorded geology and neighbouring data and reviewed in Leapfrog and QGIS software.
No twinned holes have been drilled to date by Benz Mining, but, planned holes have tested the interpreted
mineralised trends, verifying the geometry of the mineralised targets.
All logs were validated by the Project Geologist prior to being sent to the Database Administrator for import
No adjustments have been made to assay data apart from values below the detection limit which are assigned a
value of half the detection limit (positive number)
Criteria
Commentary
Location of data points
Hole collar coordinates including RLs have been located by handheld GPS in the field during initial drill site
preparation.
Actual hole collars were collected by a DGPS system at the Glenburgh Gold Project.
The grid system used for the location of all drill holes is GDA94_MGA _Zone 50s.
Planned hole coordinates and final GPS coordinates are compared in QGIS and Leapfrog project files to
ensure all targets have been tested as intended.
The drill string path is monitored as drilling progresses using downhole Axis Champ Gyro tool and compared
against the planned drill path, adjustment to the drilling technique is requested as required to ensure the
intended path is followed.
Readings were recorded at 30m intervals from surface to end of hole after Benz reviewed single shot verses EOH
continuous surveying of the Axis Champ Gyro tool and noted >3 degrees variance in azimuth with hole depth.
The single shots produce less variability and are used for hole trace reporting in the database.
Historical drill hole surveys and methods will be reviewed in preparation for any updates to MRE in the future.
Data spacing and
distribution
BNZ's Glenburgh RC drilling has been designed as a test on mineralisation extension at a planned spacing of
60m between pierce points on the projected mineralised feature. Holes were generally angled ~ -65 dip towards
~ 145 degrees GDA94_MGA _Zone 51 Grid orientation. Fifteen (15) holes were drilled into Zone 126 prospect
on a rough grid pattern to obtain adequate spacing for testing mineralisation continuity and geological host
features.
The mineralised domains established for pre-BNZ MREs have sufficient continuity in both geology and grade to
be considered appropriate for the Mineral Resource and Ore Reserve estimation procedures and classification
applied under the 2012 JORC Code. Ongoing drilling will be sufficiently spaced for a reinterpretation based on
BNZ's structural model.
No sample compositing of material from drilling has been applied during this drilling campaign.
Orientation of data in
relation to geological
structure
Drilling has primarily been undertaken perpendicular to the interpreted mineralised structures as stated above.
No orientation-based sampling bias has been identified - observed intercepts to date indicate the interpreted
geology hosting mineralisation is robust.
Sample security
All samples were prepared in the field by Galt staff and delivered by contracted couriers from the field site to the
ALS laboratory in Perth directly.
Individual pre-numbered calco sample bags are placed in polywoven plastic bags (5 per bag) secured at the top
with a cable tie. These bags are annotated with the company name and sample numbers, the bags are placed
in larger bulker bags for transport to ALS labs in Perth, also labelled with corresponding company name, drill
hole and sample identifiers.
Sample pulps are stored in a dry, secure location at Galt's warehouse in West Leederville.
Audits or reviews
Data is validated by Benz staff and Expedio consultants as it is entered into MXDeposit.
Errors are returned to
field staff for validation.
All drilled hole collars have been located with a DGPS.
There have been no audits undertaken.
Criteria
Commentary
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
Criteria
Commentary
Mineral tenement and land
tenure status
Glenburgh Gold Project is a group of 10 tenements and 2 applications. The majority of known gold deposits are
located on Mining Lease M09/148.
The tenement is 100% owned by Benz Mining Limited.
The tenements are in good standing and no known impediments exist.
Exploration done by other
parties
Since Helix Resources in 1994 and subsequent work by Gascoyne Resources, about 159149 soil samples, 1349
vacuum holes and 2285 auger holes have been completed at Glenburgh.
9 diamond holes, 398 RC holes, 6 air-core holes and 462 RAB holes have been drilled in the Glenburgh area to
identify the distribution and evaluate the potential of the deposit.
Drilling to date has identified 10 high potential deposits in the Glenburgh area which are: Tuxedo, Icon, Apollo,
Mustang, Shelby, Hurricane, Zone 102, Zone 126, NE3 and NE4 deposits.