Benz Announces New Ultra High Grade Gold Discovery at Mt Egerton Benz Intersect 7m at 223g/t Gold Under Hibernian Gold Mine
Benz Announces New Ultra High Grade Gold
Discovery at Mt Egerton
Benz Intersect 7m at 223g/t Gold Under Hibernian Gold Mine
HIGHLIGHTS:
New ultra-high grade Kilkenny discovery offset beneath the historic Hibernian Gold Mine
validates Benz structural model
.
7m at 223 g/t gold
from 270m26EGN013
within
11m at 144 g/t gold
High-grade satellite opportunity for Glenburgh -
Mt Egerton located ~
170km from the
Glenburgh Gold Project
with potential to provide additional high-grade satellite ore. Previous
intercepts from Hibernian include:
1
9m at 107 g/t gold
5m at 96 g/t gold
4m at 92 g/t gold
Kilkenny Discovery interpreted as structural repeat of the Hibernian ore position -
Supporting Benz's structural model and highlighting the potential for multiple stacked high-grade
shoots along the controlling structural corridor
.
Classic structural framework for high-grade gold in orogenic setting-
mineralisation
controlled by dilation caused by oblique shear zones interacting with a folded gabbro sill.
More untested structural targets identified -
Several additional undrilled sheared/dilational
positions identified along this structural corridor including the Galway Prospect.
Emerging eastern gold camp at Mt Egerton -
Benz's regional work highlights the camp-scale
cluster of prospects around the Mako, Gift (previous intersection
17m at 6.8g/t gold
1
) and
Trading Post, ~2km east of the Hibernian Mine.
Extensive gold and base-metal anomalism; ca.
1811 Ma granodiorite intrusions; exciting potential for significant and largely untested gold system.
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) -
Benz Mining Corp
(TSXV:
BZ) (ASX: BNZ)
("
Benz
" or the "
Company
") is pleased to announce the discovery of the
Kilkenny
Zone
, a new ultra-high-grade gold discovery located beneath the historic
Hibernian Gold Mine
at the
Company's
Mt Egerton Gold Project
in Western Australia.
Figure 1.
Long section of Kilkenny Discovery zone, showing structural controls. (note Kilkenny discovery
offset out of the page below Hibernian).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_002full.jpg
Benz CEO, Mark Lynch-Staunton, commented:
"What is most encouraging about the Kilkenny discovery is that it confirms the structural framework our
team has been developing at the Mt Egerton Goldfield. The mineralisation occurs within the predicted
dilation position beneath the Hibernian Mine, which gives us confidence that the geological model is
working.
"The same geological team that unlocked the exploration potential at our flagship Glenburgh Project is
now applying that approach at Mt Egerton. While Glenburgh remains our primary focus, we see the Mt
Egerton Goldfield as a highly underexplored gold district where modern structural interpretation is
beginning to reveal new opportunities.
"From a strategic perspective, we view Mt Egerton as a complementary high-grade satellite opportunity
to Glenburgh. Importantly, large parts of the Mt Egerton Goldfield remain effectively untested, with more
than 20km of prospective strike identified across the district, which means the discovery potential across
the district remains significant."
Figure 2.
Plan view of Mt Egerton Goldfields geology and structural interpretation with collar map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_004full.jpg
Figure 3.
Section View of hole 26EGR_013 with new Kilkenny discovery shown. Open at depth.
Historical results released in announcement dated 6th Nov 2024.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_005full.jpg
Kilkenny Discovery Validates Structural Model
The Kilkenny discovery forms part of Benz's ongoing work to re-think the geological and structural model
of the
Mt Egerton Goldfield
; a district that was discovered in early gold-rush times but remained
underexplored by modern techniques.
RC drilling at Mt Egerton in 2025-2026 was designed to provide better stratigraphic understanding and
geometric context to the mineral system at the Hibernian Mine.
During the program, Benz geologists recognised that the best mineralisation was occurring by
dilation
of mafic host rocks between oblique shear zones at Hibernian, and at several other similar
structural positions along the same mafic belt.
The revised structural model presented a new target
position beneath the Hibernian mine and further to the East, where
mapped shear zones interact with
a folded gabbro sill
, that was likely offset and separated from known mineralisation.
Additional drillholes were added to test this, and hole
26EGN013
intersected an exceptional high-grade
gold interval associated with quartz veining and pyrite in the gabbro sill, validating the structural model
and discovering Kilkenny.
The Kilkenny target is interpreted to represent a
structural repeat of mineralisation closer to the
surface at Hibernian,
suggesting the possibility of multiple stacked high-grade shoots along the same
structural corridor.
Figure 4.
3D oblique view of the of Mt Egerton Goldfields geology and structural interpretation with collar
map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_012full.jpg
Classic Structural Setting for High-Grade Gold
This geological setting at Hibernian, where oblique shear zones cause dilation and veining within a
favourable (mafic) host rock represents a
classic structural trap for high-grade gold
in orogenic
settings.
Benz's wider structural interpretation of the Mt Egerton project indicates that
analogous structural
positions (to Hibernian) remain untested along the main mafic corridor
. Prospects such as
Galway
represent potential repeat positions analogous to the Hibernian and Kilkenny zones.
Historical drilling at the Hibernian Mine demonstrates the exceptional grades present in the system,
including:
9m at 107.2 g/t Au
5m at 96.7 g/t Au
4m at 91.9 g/t Au
Emerging Eastern Gold Camp
In addition to the immediate Hibernian-Kilkenny prospects, Benz's regional interpretation has identified a
potential camp-scale cluster of prospects approximately 2km east of the Hibernian Mine
, where
the usual pattern of ductile foliation and shearing is disrupted by a more-brittle NW-SE oriented thrust
fault zone.
The
Mako-Gift-Trading Post cluster
shows extensive gold and base-metal anomalism in soils, rock
chips and shallow drilling, and the intrusion of
ca. 1811Ma granodiorite
interpreted to be emplaced
soon after gold mineralisation.
Previous drilling at Gift returned an intersection of
17m at 6.8 g/t Au
This cluster of prospects presents a
significantly larger exploration target
than the Hibernian Mine
alone and may represent a different style of mineralisation to the Hibernian-Kilkenny system.
This potential for a
larger-scale
emerging eastern gold camp within the Mt Egerton Goldfield
has
been followed up by Benz geologists with a program of systematic multi-element soils with further
planned mapping work in 2026.
Figure 5.
Regional geological overview of the Mt Egerton Goldfield.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_013full.jpg
Strategic Fit within the Benz Portfolio
Glenburgh firmly remains Benz Mining's flagship project
, where the Company is focused on
building a large-scale gold resource.
However, the
same geological team responsible for unlocking the exploration potential at
Glenburgh,
applying the same structural re-think to the
Mt Egerton Goldfield,
now view this
underexplored district as a potential
high-grade satellite opportunity to a mine at Glenburgh
.
The exceptional grades encountered at Hibernian and now Kilkenny demonstrate the potential for to
provide
additional high-grade ore sources that could complement the future development of
Glenburgh
,
around 170km to the Southwest.
The geology and gold mineralisation at Mt Egerton shares similarities with the
Fortnum-Starlight
Goldfield operated by Westgold 75km to the Southeast
.
Benz believes a similar exploration model may emerge at Mt Egerton, where multiple high-grade
deposits across the district could ultimately develop as
satellite ore sources supporting the future
development of the Company's flagship Glenburgh Project
.
Next Steps at Mt Egerton
Benz plans to:
Advance gold exploration across the Mako-Gift-Trading Post prospect cluster to the east
of Hibernian.
Drill test further extensions of Kilkenny.
Map and test additional targets along the Hibernian structural corridor such as the
Galway prospect.
Further assay results from the current drilling program are pending.
Glenburgh - A New Frontier Gold District
The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-
million-ounce potential. Located in Western Australia's Gascoyne region, Glenburgh hosts an 18-20
kilometre mineralised corridor anchored by the large-scale Icon-Apollo trend and the high-grade Zone
126 system.
Glenburgh's unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-
grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector.
With gold prices at record levels, the ability to develop both large-scale open pit and underground
operations offers exceptional leverage and growth potential.
Figure 6.
Geological overview of the Glenburgh Gold Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_014full.jpg
- END -
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.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/288772_16c67e031460ab56_015full.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.
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 Egerton Gold Project
and the anticipated benefits thereof, planned exploration and related activities on the Projects. 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 and Egerton 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 and Egerton 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
Dip
Azimuth
End Depth
26EGN013
575917
7241743
450
78
160
350
26EGN009
576345
7241744
457
65
160
300
26EGN007
575361
7241603
454
65
167
300
26EGN006
575487
7241662
453
65
160
300
26EGN004
576051
7241795
451
64
160
300
26EGN003
575917
7241743
450
65
161
300
26EGN002
575821
7241806
451
64
160
400
26EGN001
575795
7241741
451
65
160
300
25EGN004
575271
7241579
455
65
160
300
25EGN003
575745
7241734
453
64
168
400
25EGN002
575672
7241722
452
65
162
300