Benz Announces that Icon Delivers Shallow High-Grade Discovery as Large-Scale System Continues to Grow
Benz Announces that Icon Delivers Shallow
High-Grade Discovery as Large-Scale System
Continues to Grow
HIGHLIGHTS:
Ultra high-grade shallow lens emerging at Icon through infill drilling
:
13m at 29.0 g/t gold
from 60m25GLR232
9m at 28.0g/t gold
from 84m25GLR190
17m at 11.0g/t gold
from 55m25GLR237
Icon drilling continues to demonstrate large-scale bulk mineralisation:
200m at 1.0/t gold
from 76m25GLR062 (remaining assays now received)
71m at 0.8g/t gold
from 202m25GLR050
60m at 1.0g/t gold
from 240m25GLR054
53m at 1.0g/t gold
from 424m25GLR091
Tuxedo drilling:
significant broad step out drilling extends mineralisation 200m+ at depth
beneath historical shallow drilling:
28m at 2.5g/t gold
from 406m 25GLR115 (
> 200m down-dip extension at depth)
35m at 1.0g/t gold
from 296m25GLR133
Icon trend potential: with more than 3 km of strike identified and only ~30% tested to date,
2026 Q1 drilling will systematically step out along the Icon trend, targeting the definition
of a single, large-scale open-pit system
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) -
Benz Mining Corp
(
TSXV: BZ
)
(
ASX: BNZ
) ("
Benz
" or the "
Company
") is pleased to report results from the Icon trend within the
Glenburgh Gold Project in Western Australia.
Figure 1. Icon - Tuxedo cross section looking east.
The section is displayed using a ±150 m
clipping window to appropriately represent the folded and plunging geometry of the
mineralised system. Previous results released on 6 November 2024, 4 August 2025 and 20
August 2025. Current release in black highlight.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_002full.jpg
Benz CEO, Mark Lynch-Staunton, commented:
"Results from the latest drilling at Icon and Tuxedo continue to reinforce our view that this is a large,
coherent mineralised system with genuine scale.
"At Tuxedo, our first pass step-out drilling has successfully extended mineralisation by more than 200
metres down-dip. This broad-spaced drilling was designed to test the limits of the system, and the
results clearly demonstrate that mineralisation continues well beyond historical drilling. With this
extension now defined, we are well positioned to move into more focused infill drilling to further build
continuity and confidence.
"At Icon, infill drilling is delivering exactly what we want to see - improved continuity, increasing
confidence in the system, and the emergence of high-grade zones within a broad mineralised envelope.
These results continue to demonstrate the quality and robustness of the mineralisation.
"When considered together, Icon and Tuxedo sit within the same mineralised footprint and are
increasingly shaping up as a single, large open-pit style system. The combined corridor now extends up
to 400 metres wide, underlining the scale of the opportunity we are developing.
"With more than 3 kilometres of strike already defined and less than 30% tested to date, we are still in
the early stages of unlocking the full potential of this system. Upcoming drilling will focus on expanding
the footprint along strike and at depth, while continuing to infill and upgrade the higher-grade zones.
"
Glenburgh is rapidly emerging as a genuinely large gold system, and each round of drilling continues to
build scale, confidence and long-term value for shareholders."
Figure 2. Icon trend plan map with reported collar locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_003full.jpg
Icon-Tuxedo: A Growing Mineralised System
Recent drilling at the Icon Camp continues to demonstrate the scale and continuity of mineralisation,
reinforcing its potential to host a large, long-life open pit gold operation.
At Icon, broad zones of moderate-grade mineralisation have now been confirmed over significant strike
and thickness, highlighted by a
200m intersection at 1 g/t Au
, providing further evidence of a bulk-
tonnage mineralised system. This standout intercept complements previously released intercepts:
134m at 1g/t gold from 66m including 44m at 2.2g/t gold (25GLR060)
117m at 0.7g/t gold from 107m including 38m at 1.1g/t gold (25GLR064)
142m at 0.95g/t gold from 227m within a broader 229m at 0.7g/t gold (25GLR048)
102m at 1.0g/t gold from 96m (25GLR058)
Tuxedo
At Tuxedo first pass step-out drilling has successfully extended mineralisation more than
200 metres
down-dip
, well beyond the limits of historical drilling, which had only tested to approximately 100 metres
depth. Intersections of
28m at 2.52 g/t Au
,
35m at 1.0 g/t Au
, and
21m at 1.34 g/t Au
demonstrate that
mineralisation remains strong and continuous at depth.
Together, Icon and Tuxedo now form a
mineralised corridor exceeding 400 metres in width
,
surrounded by a broad halo of lower-grade mineralisation.
High-Grade Zones Emerge with Infill Drilling
A representative 100 m × 100 m area of the Icon system was selected for close-spaced infill drilling to
enhance geological understanding and support orebody characterisation. The closer-spaced drilling has
revealed a significant high-grade component that was not apparent in the previous 40-80m spaced drill
pattern (Figure 3).
The new closer spaced drilling shows that:
High-grade mineralisation occurs as
curved, folded lenses
, rather than simple planar zones.
These lenses were
masked by wide drill spacing, and the potential to find more through
infill drilling is high.
Mineralisation geometry reflects the
high-grade metamorphic environment at Glenburgh
,
where gold continuity is rarely linear.
Recent results include:
13m at 29.0 g/t gold from 60m (25GLR232)
9m at 28.0g/t gold from 84m (25GLR190)
17m at 11.0g/t gold from 55m (25GLR237)
These intersections define an ~
100 m long high-grade lens
within the broader Icon system, which
remains
open at depth and along strike
.
The infill drilling has confirmed improved continuity of higher-grade mineralisation, which is considered
positive for future resource refinement, subject to further drilling and formal estimation.
Figure 3. Long section looking northwest, with a +/- 10m clipping window, highlighting close
spaced infill drilling test area. The closer-spaced drilling has revealed a significant high-grade
component that was not apparent in the historical broader spaced drill pattern (black dots).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_004full.jpg
District-Scale Upside - The Icon Trend
The Company is now preparing to systematically test the full >
3 km long Icon trend
, throughout 2026
with drilling planned to depths of
300-500 metres
(Figure 4).
This work will:
Step out along strike from current drilling
Test down-dip continuity beneath existing mineralisation
Assess the scale of the broader mineralised system
Evaluate the potential for a
single large-scale open pit development
With multiple stacked mineralised zones, strong continuity, and emerging high-grade domains, Benz
believes the Icon trend has the potential to evolve into a
large, long-life gold system
.
Figure 4. Icon trend long section with all historical and current drilling to date. Drill target area
in light blue hash box. Systematically testing the full strike and depth potential of the icon
trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_005full.jpg
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 5. Geological overview of the Glenburgh Gold Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_006full.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/1818/281887_2f188d97b46c1870_007full.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 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 ID
Easting
Northing
Elevation
Dip
Azimuth
End Depth
25GLR_036
409700
7191553
296.765
-60
170
582
25GLR_048
409377
7191503
293.287
-59
161
456
25GLR_050
409562
7191527
298.376
-59
160
360
25GLR_052
409633
7191562
296.606
-55
161
300
25GLR_054
409655
7191481
298.722
-65
161
300
25GLR_056
409482
7191417
297.849
-56
161
354
25GLR_058
409562
7191492
299.126
-55
160
402
25GLR_062
409608
7191486
299.687
-65
160
438
25GLR_064
409588
7191506
300.007
-60
160
366
25GLR_067
409427
7191595
294.925
-55
163
600
25GLR_074
409520
7191368
298.92
-55
165
552
25GLR_078
409477
7191463
300.524
-55
165
91
25GLR_079
409554
7191250
299.7
-55
165
558
25GLR_080
409591
7191158
302.337
-55
165
600
25GLR_083
409735
7191425
302.089
-55
165
600
25GLR_084
409779
7191328
303.496
-55
167
600
25GLR_085
409825
7191192
301.927
-55
165
446
25GLR_086
409400
7191698
297.975
-55
165
750
25GLR_088
409360
7191806
297.644
-55
164
528
25GLR_089
409854
7191479
301.399
-55
165
600
25GLR_091
409811
7191605
301.019
-56
165
598
25GLR_093
409176
7191431
296.78
-55
165
733
25GLR_095
409481
7190784
303.114
-55
345
600
25GLR_096
409209
7191044
298.945
-55
165
600
25GLR_098
410262
7191361
300.97
-55
165
570
25GLR_100
409556
7191051
298.618
-55
165
549
25GLR_101
410335
7191115
301.043
-55
165
450
25GLR_104
410509
7190786
301.43
-55
340
600
25GLR_105
408859
7191040
296.439
-54
164
492
25GLR_107
409969
7190976
301.609
-52
168
600
25GLR_110
409108
7190691
295.219
-55
346
504
25GLR_111
409798
7190914
301.995
-55
165
512
25GLR_112
408958
7191131
294.31
-55
166
492
25GLR_114
410164
7191043
296.424
-55
165
600
25GLR_115
409379
7191217
296.383
-55
165
600
25GLR_118
409270
7191531
296.618
-54
164
600
25GLR_119
409414
7191114
297.843
-55
165
600