Benz Discovers 4th High Grade Gold Lens at Zone 126 Structural model successfully predicting high-grade lenses at depth
Benz Discovers 4th High Grade Gold Lens at
Zone 126
Structural model successfully predicting high-grade lenses at
depth
HIGHLIGHTS:
Maiden drill hole into recently interpreted structural model successfully intercepts the 4
th
lens
:
17m at 6.0g/t gold from 662m
25GLR082
New discovery follows recent intercepts into recently discovered the 3
rd
lens
44m at 4.6g/t gold from 475m
25GLR070
47m at 1.9g/t gold from 451m
25GLR057
Structural model validated:
This high grade +100 gram metre hit validates Benz's exploration
strategy, which has successfully predicted 3 new lenses along the Zone 126 trend, where previous
exploration efforts were unsuccessful.
New lenses emerging:
Drilling currently testing the interpreted 5th lens.
Depth extension untested:
Lenses 1-4 all remain open at depth, highlighting significant
opportunity to add further high grade ounces.
System-scale potential:
The Zone 126 trend represents less than one third of the total
mineralised corridor at Glenburgh, with strong potential for additional parallel "blind discoveries" to
be made.
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) -
Benz Mining Corp (ASX: BNZ)
("
Benz
" or the "
Company
") is pleased to report an additional discovery from ongoing drilling at the
Zone 126 prospect within the Glenburgh Gold Project in Western Australia.
Figure 1.
Long section view looking north of Zone 126 trend. Proposed drilling demarcated by crosses.
Current release results in larger bold text. Previous results released on 6 November 2024, 3 April 2025,
28 April 2025, 30 June 2025, 31 July 2025, 20 August 2025 and 11 September 2025.
To view an enhanced version of this graphic, please visit:
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Benz CEO, Mark Lynch-Staunton, commented:
"The discovery of a fourth high-grade lens at Zone 126 is a breakthrough moment for Glenburgh. Our
structural model has once again delivered as predicted - generating thick, high-grade intercepts at over
500m vertical depth, demonstrating just how deep and extensive this system is becoming.
"With four lenses now confirmed and a fifth already being tested, Zone 126 is rapidly evolving into a
multi-lens, kilometre-scale system with exceptional ounce-growth potential.
"What excites us most is that this trend represents less than a third of the mineralised corridor at
Glenburgh, meaning we are only just beginning to uncover the true scale of this gold district."
Zone 126 - an evolving multi-lens gold system
Zone 126 continues to establish itself as one of the most exciting underground growth opportunities at
the Glenburgh Gold Project. The latest step-out drilling confirms the exciting discovery of a fourth lens
with the maiden hole intersecting over 100 gram metres.
Zone 126 is no longer a single high-grade shoot, but a multi-lens system extending over more than one
kilometre in strike, with each lens open at depth and providing room for significant growth.
This hole validates Benz's exploration targeting model, built on systematic structural mapping before
drilling, which has now successfully delivered three new lenses. Interpreted secondary shear zones
transect the main mineralised horizon (see Figure 2 below), contributing to the formation of higher-grade
gold lenses within a broader lower grade halo of gold up to 100m in width. This structural architecture
controls gold enrichment within Zone 126 and provides high-conviction drilling targets further along the
NE trend of mineralisation.
Further, only partial assays have been received for hole 25GLR082, underscoring that Benz's geologists
are now accurately predicting the position of mineralisation and prioritising 'rush' assays to fast-track
results and discoveries to market. Full assays from this intercept will be reported once available.
Figure 2.
Plan view collar map for holes reported in this release.
Lenses 1-3 represent discoveries
where secondary shear zones transect main mineralised horizon. Targets for Lenses 4 & 5 are defined
at locations where mapped shear zones are interpreted to intersect the horizon in a similar manner.
To view an enhanced version of this graphic, please visit:
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Ongoing drilling
Drilling is ongoing at Zone 126 with one RC drill rig following up and extending recent +40 gram metre
results drilled by Benz in 2025 including:
44m at 4.6 g/t gold (25GLR 070)
47m at 1.9 g/t gold (25GLR 057)
11m at 19.9 g/t gold (GBZ126 010)
39m at 5.1 g/t gold (25GLR 022)
10m at 12.9 g/t gold (25GLR 027)
10m at 6.1 g/t gold (25GLR 033)
11m at 5.5 g/t gold (25GLR 039)
20m at 2.6 g/t gold (25GLR 035)
5m at 13.5 g/t gold (25GLR 037)
Benz is planning additional holes into the newly discovered fourth lens whilst also drilling out the recently
discovered third lens (see ASX: Benz Strengthens New High Grade Gold Lens at Zone 126 11
September 2025) which intersected some of the broadest intervals to date. Future drilling will also target
the predicted fifth lens with the aim of continuing discoveries to the east and at depth. Drilling will
continue to define and extend the existing lenses at depth.
Outside of the Zone 126 trend, two drill rigs continue to aggressively drill out the bulk tonnage potential of
the Apollo Icon trend with a fourth rig on its way to scout out new exciting targets along the 18km
Glenburgh Gold Corridor.
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 3.
Geological overview of the Glenburgh Gold Project.
To view an enhanced version of this graphic, please visit:
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- 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.
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/1818/266775_a5e7c022f41c7a9a_006full.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 ID
Easting
Northing
Elevation (m)
Dip
Azimuth
End Depth
25GLR_082
415381
7193527
322
319
-55.6
750
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 10m
internal dilution included unless otherwise stated.
Hole ID
From (m)
To (m)
Au (ppm)
Length (m)
Comment
25GLR_082
662
679
6.0
17
Partial Results
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 >500m 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)
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.
Criteria
Commentary