Benz Discovers New High Grade Gold Lens at Zone 126 Multiple +50 gram metre hits keep coming from Glenburgh Gold Project
Benz Discovers New High Grade Gold Lens at
Zone 126
Multiple +50 gram metre hits keep coming from Glenburgh
Gold Project
HIGHLIGHTS:
Third lens discovery - Step out drilling has uncovered a new third lens approximately
70m south east of the second lens:
11m at 5.5g/t gold from 196m (25GLR039)
20m at 2.6g/t gold from 507m (25GLR035)
Including 5m at 5.4g/t gold
Exploration efforts will now prioritise this new lens horizon, with systematic drilling
planned to define its scale and continuity which currently exceeds over 300m of vertical
extent.
Deep extension below Lens 2 - Drilling beneath the second lens has confirmed
significant vertical and grade continuity, extending the known mineralisation over 100m
down plunge:
10m at 6.1g/t gold from 450m (25GLR033)
Including 3m at 16.8g/t gold
Within a broader zone of 108m at 0.9g/t gold from 408m
5m at 13.5g/t gold from 361m (25GLR037)
Within a broader zone of 123m at 1g/t gold from 355m
6m at 7.4g/t gold from 300m (25GLR039)
The discovery confirms Benz's breakthrough structural model, showing that earlier drilling at
Glenburgh missed key mineralised zones due to incorrect orientation. Two RC rigs continue
drilling on site, fully funded by recently completed A$13.5m capital raise.
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - Benz Mining Corp (ASX: BNZ) (TSXV:
BZ) ("Benz" or the "Company") is pleased to report further strong results from ongoing drilling at the
Zone 126 prospect within the Glenburgh Gold Project in Western Australia. The latest results have
successfully confirmed two major developments:
1
.
the discovery of a new third lens or mineralisation; and
2
.
a significant 100m down-dip extension of known mineralisation beneath the second lens.
Figure 1
Long section view looking north 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.
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Figure 2
Plan View of new Lens 3 discovery in green, with Lens 2 in pink, and Lens 1 in Dark blue .
Grey polygon is surface gold
expression of target package. Collars in this release plotted.
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Figure 3
Section View A-A looking NE.
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High Grade Third Lens Discovery
Step-out drilling approximately 70 metres down plunge from the existing second lens has intersected a
previously unrecognised third lens of high-grade gold mineralisation. The third lens has been intersected
with 2 drill holes, with hole 25GLR_039 intersecting the lens at 196m with drill hole 25GLR_035
intersecting the same lens at 507m representing a potential down dip target zone of over 300m in length.
This emerging lens further validates Benz's structural targeting model which suggested that gold
mineralisation at Zone 126 plunges to the north east as opposed to previous exploration that targetted a
south westerly plunge.
Hole 25GLR_039 also intersected the second lens, returning additional high-grade mineralisation
(
25GLR_039:
6m at 7.4/t gold
) that reinforces the continuity of the system between the second and
newly identified third lenses.
Exploration efforts will now prioritise this new lens horizon, with systematic drilling planned to test its full
scale and continuity. The discovery opens up significant potential for high grade near-resource growth
and underlines the broader structural complexity and fertility of the system with the system continuing to
be open along the strike of the north easterly plunge as well to surface and depth.
Deep Extension Below Lens 2
In addition to the new lens discovery, drilling below the second lens has confirmed substantial vertical
continuity of mineralisation, extending the system by more than 100 metres down-dip. This demonstrates
that the gold system at Zone 126 remains open at depth and continues to exhibit strong grade
characteristics at increasing depths.
These results confirm the presence of a large, vertically extensive gold system at Zone 126. Importantly,
both Lens 1 and Lens 2 remain open at depth, with further drilling planned to test the full extent of this
mineralisation along plunge and down dip.
The ongoing success of the drilling program at Zone 126 continues to highlight the exceptional upside
potential at Glenburgh, with high-grade discoveries emerging alongside the Project's growing bulk-
tonnage footprint.
Benz CEO, Mark Lynch-Staunton, commented:
"Glenburgh just keeps delivering. This latest discovery of a third high-grade lens at Zone 126 not only
extends the system down plunge, but also further validates our structural model - a model that
continues to unlock new growth across the Project.
"To see consistent high grades and widths over 50 gram metres continuously being intersected in now
2 new discoveries gives us great confidence that we are beginning to unlock a high grade
underground gold project.
"Developing these exciting high grade discoveries alongside the large-scale bulk tonnage system at
Icon-Apollo is what makes Glenburgh truly special.
"We believe Glenburgh has the hallmarks of a tier 1, multi-million-ounce opportunity, and we're only
just getting started."
Figure 4
Glenburgh Project Geology overview.
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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:
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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_039
414873
7193613
306
450
58
340
25GLR_037
414872
7193560
309
510
56
322
25GLR_035
414757
7193955
307
660
60
145
25GLR_033
414591
7193837
311
558
61
141
25GLR_031
414674
7193899
314
454
60
130
25GLR_030
414674
7193899
314
480
60
141
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 6m
internal dilution included unless otherwise stated.
holeid
from
to
Au_ppm
length
comment
25GLR_039
196
207
5.5
11
Lens 3
25GLR_039
300
306
7.4
6
Lens 2
25GLR_037
361
366
13.5
5
Lens 2
25GLR_037
385
394
2.0
9
25GLR_037
462
464
1.7
2
25GLR_035
431
436
3.8
5
25GLR_035
507
527
2.6
20
Lens 3, including 5m at 5.4g/t gold
25GLR_033
426
433
1.9
7
25GLR_033
450
460
6.1
10
Lens 2
25GLR_031
398
402
1.2
4
25GLR_031
412
414
5.5
2
25GLR_031
428
435
1.1
7
25GLR_030
387
390
1.7
3
25GLR_030
399
410
1.1
11
25GLR_030
439
442
1.5
3
Bulk potential intercepts
reported with a nominal 0.3 g/t Au lower cut off with no maximum internal
dilution length applied.
holeid
from
to
Length
Au_ppm
25GLR_039
169
177
8
0.3
25GLR_039
186
306
120
0.9
25GLR_037
298
308
10
0.3
25GLR_037
340
343
3
0.7
25GLR_037
355
478
123
1.0
25GLR_035
376
527
151
0.5
25GLR_033
408
516
108
0.9
25GLR_031
391
441
50
0.7
25GLR_030
369
459
90
0.5
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.