Benz Announces New Discovery at Icon Strengthened with Further Broad Gold Intercepts New results rank among the thickest gold intercepts to date at Glenburgh, reinforcing the potential for a significant bulk tonnage gold system
Benz Announces New Discovery at Icon
Strengthened with Further Broad Gold
Intercepts
New results rank among the thickest gold intercepts to date at
Glenburgh, reinforcing the potential for a significant bulk
tonnage gold system
HIGHLIGHTS:
Further
step-out holes drilled
at Icon targeting a large gap under previous drilling returned broad
zones of gold mineralisation, confirming continuity and significant potential for resource growth:
142m at 0.95g/t gold
from 227m within a broader
229m at 0.7g/t gold
(25GLR_048)
102m at 1.0g/t gold
from 96m (25GLR_058), pending assays for remainder of hole
All holes ended in mineralisation
and will be extended to test the central lens position
Drilling has also intersected the
newly discovered Central Lens
, which remains only partially
drilled and open, with holes ending in strong mineralisation:
55m at 1.1g/t gold
from 447m within
275m at 0.6g/t gold
(25GLR_044)
ending in
mineralisation
43m at 0.9g/t gold
from 352m (25GLR_036)
ending in mineralisation
1
with further assays
pending
Holes to be re-entered for extension
Drilling to continue with
four RC drill rigs fully funded by recent A$30m bought deal
2
, with two
dedicated to the exciting bulk tonnage potential at Icon
Vancouver, British Columbia--(Newsfile Corp. - August 19, 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.
Figure 1:
Oblique plan view of Icon Apollo trend mineralisation and collar locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/263167_45ca39f6f4742a6d_001full.jpg
The Icon deposit forms part of the 1.6 km-long Icon-Apollo trend, historically treated as two separate
deposits and only tested by shallow drilling. It sits ~6 km from the recently announced high-grade Zone
126 trend and is positioned within the broader 18 km mineralised corridor of the Glenburgh Gold Project.
Recent drilling by Benz has confirmed the discovery of a third higher-grade lens between the Icon and
Tuxedo trends. This new lens sits within wide-scale gold system over 400m in width, representing a
major new growth opportunity at Glenburgh.
Figure 2:
Cross section at Icon with viewing window (~300m) looking east along 409650 Easting.
Current drill holes extend mineralisation under previously intercepted mineralisation conducted by
historical drilling. Previous holes reported in announcement dated 4 August 2025.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/263167_45ca39f6f4742a6d_002full.jpg
Benz CEO, Mark Lynch-Staunton, commented:
"The latest results continue to firm up the emerging higher-grade Central Lens at Icon, and it is
becoming clear that this is shaping into something very special. These results confirm the strength of
the central position, which sits within a 400-metre-wide mineralised corridor - a scale that underscores
the system's potential.
"We are now stepping across this 400m corridor to fully drill out the central zone , with two rigs
dedicated to unlocking its extent. The fact that this lens is only partially drilled and remains open adds
further excitement as we move to test its continuity and scale.
"With success here complementing the continued growth at Zone 126, it is increasingly evident that
Glenburgh is not a cluster of small deposits, but a large, evolving gold system with tier-1 potential.
Each new hole builds our confidence that we are only at the beginning of uncovering the true scale of
this district."
Icon - A large bulk scale opportunity
The geometry, continuity, and thickness of the mineralisation at the 1.6km Icon Apollo Trend —
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.
Previous 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 2). This new
drilling at depth by Benz has identified a new higher grade gold zone in between the Icon and Tuxedo
deposits, potentially widening this zone of mineralisation to in excess of 400m in width. All holes drilled
to date have ended in mineralisation. Benz has commenced re-entry of these holes to test the scale of
this third lens and to attempt to define the extent of this broad zone of mineralisation.
Planning is currently underway for further step-out drilling to test the full scale and continuity of the Icon
Apollo system, with further drilling aimed at expanding the mineralised footprint (particularly at depth) 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 Apollo Trend now emerging as a cornerstone deposit capable of supporting
substantial, long-life gold production.
Figure 3:
Glenburgh Project Tenement Package and Benz interpreted geology overview.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/263167_45ca39f6f4742a6d_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)
3
. 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
4
, 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/1818/263167_45ca39f6f4742a6d_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
End Depth
Dip
Azimuth
25GLR_023
414796
7193986
306
510
-60
147
25GLR_028
414655
7193853
301
400
-56
147
25GLR_029
414711
7193499
303
504
-65
296
25GLR_038
410028
7191260
295
516
-60
281
25GLR_040
409443
7191500
280
402
-60
152
25GLR_041
414407
7193407
303
503
-55
337
25GLR_042
409435
7191527
297
402
-60
154
25GLR_043
414407
7193407
303
504
-54
310
25GLR_044
409406
7191508
280
504
-59
151
25GLR_045
414014
7193620
296
504
-53
146
25GLR_046
409389
7191471
280
456
-60
152
25GLR_048
409376
7191504
281
456
-59
157
25GLR_049
414827
7194014
316
702
-60
134
25GLR_050
409561
7191527
281
360
-59
158
25GLR_051
415595
7193629
305
702
-55
318
25GLR_052
409634
7191561
280
300
-55
159
25GLR_053
414825
7193944
319
552
-55
145
25GLR_054
409654
7191481
280
300
-65
158
25GLR_055
414825
7193944
319
700
-60
148
25GLR_056
409481
7191418
297
354
-56
157
25GLR_057
414796
7193985
317
684
-58
138
25GLR_058
409563
7191493
280
402
-55
160
25GLR_059
414799
7193974
324
654
-63
129
25GLR_061
414824
7193864
324
354
-60
147
25GLR_063
414824
7193864
324
366
-50
147
25GLR_065
414865
7193885
327
354
-60
147
25GLR_066
409624
7191517
280
226
-60
160
GBZ126_017
411825
7192306
315
480
-60
155
GBZ126_018
411412
7192374
300
306
-60
155
GBZ126_019
416066
7194056
312
516
-70
160
GBZ126_020
420178
7195872
316
252
-65
119
GBZ126_021
415252
7193870
318
348
-60
155
Appendix 2: Significant Intercepts Tables.
Higher Grade Intercepts
: A nominal 0.9 g/t Au lower cut off has been applied to results, with no
maximum internal dilution included unless otherwise stated.
Hole ID
From
To
Downhole length
Au (ppm)
Comment
25GLR_066
116
128
12
1.2
25GLR_066
173
175
2
1.1
25GLR_058
90
92
2
1.2
Partial results
25GLR_058
96
198
102
1.0
Partial results
25GLR_056
114
142
28
1.4
Partial results
25GLR_054
123
152
29
1.3
Partial results
25GLR_053
312
315
3
2.5
25GLR_050
261
266
5
1.1
Partial results
25GLR_048
203
205
2
7.1
25GLR_048
227
369
142
0.9
25GLR_049
582
599
17
1.3
Partial results
25GLR_046
173
176
3
1.2
25GLR_046
202
204
2
1.6
25GLR_046
220
227
7
1.2
25GLR_046
235
237
2
1.2
25GLR_046
325
327
2
1.3
25GLR_046
341
344
3
1.4
25GLR_043
255
261
6
1.0
25GLR_043
280
283
3
2.0
25GLR_044
198
200
2
2.2
25GLR_044
258
279
21
1.6
25GLR_044
342
344
2
1.4
25GLR_044
362
373
11
1.0
25GLR_044
378
381
3
1.2
25GLR_044
447
502
55
1.1
25GLR_041
359
376
17
1.0
25GLR_042
270
276
6
1.6
25GLR_042
380
384
4
0.9
25GLR_040
186
188
2
1.8
25GLR_040
202
204
2
1.3
25GLR_040
396
401
5
0.9
25GLR_038
96
98
2
4.7
25GLR_028
331
366
35
1.9
25GLR_023
504
510
6
1.0
25GLR_023
444
455
11
1.0
GBZ126_017
273
275
2
4.5
Bulk potential intercepts
reported with a nominal 0.3 g/t Au lower cut off with no maximum internal
dilution length applied.
Hole ID
From
To
Length
Au (ppm)
Comment
25GLR_066
109
221
112
0.3
25GLR_058
81
217
136
0.9
Partial results
25GLR_056
39
43
4
0.5
25GLR_056
110
142
32
1.3
Partial results
25GLR_051
390
394
4
0.4
Partial results
25GLR_054
121
167
46
0.9
Partial results
25GLR_053
312
356
44
0.4
25GLR_050
248
351
103
0.3
Partial results
25GLR_048
112
117
5
0.4
25GLR_048
199
428
229
0.7
25GLR_049
582
616
34
0.7
Partial results
25GLR_046
173
409
236
0.3
25GLR_043
248
315
67
0.3
25GLR_043
345
354
9
0.4
25GLR_043
385
405
20
0.4
25GLR_043
453
457
4
0.6
25GLR_044
193
200
7
0.8
25GLR_044
228
503
275
0.6
25GLR_041
231
244
13
0.4
25GLR_041
249
259
10
0.3
25GLR_041
358
423
65
0.5
25GLR_042
126
132
6
0.3
25GLR_042
265
283
18
0.8
25GLR_042
373
402
29
0.4
25GLR_040
185
221
36
0.3
25GLR_040
248
269
21
0.4
25GLR_040
309
312
3
0.5
25GLR_040
333
336
3
0.3
25GLR_040
356
369
13
0.3
25GLR_040
394
401
7
0.8
25GLR_038
96
125
29
0.4
25GLR_028
329
381
52
1.3
GBZ126_021
173
176
3
0.3
GBZ126_021
282
287
5
0.4
GBZ126_021
300
308
8
0.3
GBZ126_017
266
275
9
1.1
GBZ126_017
364
369
5
0.6
GBZ126_017
389
395
6
0.3
GBZ126_017
444
447
3
0.9
GBZ126_015
181
401
220
0.4
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.