Benz Drilling Highlights Exciting Expansion Potential at Glenburgh Gold Project
Benz Drilling Highlights Exciting Expansion
Potential at Glenburgh Gold Project
HIGHLIGHTS:
Drilling at Zone 126 has intersected high-grade gold mineralisation in a position
consistent with Benz's structural interpretation for a third high grade mineralised lens,
returning 2m at 6.8g/t Au from 295m (GBZ014).
The intercept is interpreted to represent the outer edge of the lens, with potential for
mineralisation to thicken toward the core, a pattern observed in the two previously
defined lenses at Zone 126.
This result is highly encouraging and further validates the exploration model providing
compelling encouragement ahead of drilling recommencement in late May, where this
high-priority target will be the immediate focus.
Significant scale confirmed between Icon and Apollo, with drilling returning an intercept
of 220m at 0.37g/t Au from 181m (GBZ015), including 124m at 0.52g/t Au - highlighting the
scale potential of the Glenburgh mineralised system.
This wide zone of gold mineralisation sits directly within the strategic gap between the
Icon and Apollo deposits, reinforcing the potential to define a continuous, large scale
gold system. With the hole ending in mineralisation, the extent of the system remains
wide open and highly prospective.
Drill rig secured to recommence drilling in the later part of May 2025.
Figure 1
Long section view of Zone 126 with latest results in red. Previous results released by Benz on 6
November 2024 and 3 April 2025.
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Figure 2
Plan view of Zone 126.
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Figure 3
Plan view of the Icon-Apollo trend.
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Benz CEO, Mark Lynch-Staunton, commented:
"Intersecting high-grade gold in positions consistent with Benz's structural interpretation for a third high
grade mineralised lens is an exciting step for the team - it further supports our structural model and
exploration strategy. We're eager to get the rig turning again in late May to follow this up.
"At the same time, the wide mineralised intercepts between Icon and Apollo highlight the true scale
potential of the Glenburgh system. While high-grade discovery remains our priority, the emerging bulk
mineralisation potential adds another layer of growth and flexibility.
"Our geologists are actively mapping across the untested northeast fold plunge targets, with the
program set to continue unlocking new areas and building a strong pipeline of high-quality drill targets
throughout the year. With the RC rig scheduled to return in late May, we are well positioned to
maintain momentum and accelerate our exploration efforts.
"We firmly believe we are unlocking a genuine district-scale gold system at Glenburgh, with multi-
million ounce potential - and we are only just getting started."
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX:
BNZ) (
Benz
or the
Company
) is pleased to announce encouraging results for an additional three holes
being reported drilled as part of the cleansing requirements following its successful A$13.5 million
capital raise.
These holes targeted extensions at the Zone 126 area and the gap zone between the Icon and Apollo
deposits - and the results are highly promising.
At Zone 126, hole 14 has intersected mineralization suggesting the emergence of a potential third high-
grade lens. Early logging and geochemistry confirm we are in the "gap zone" between existing lenses,
similar to the gap between the first and second lenses where significant thick low grade gold was
intersected but only intersected narrower high grade. This area will now be a major focus of the
upcoming drill program, as we believe it could deliver additional high-grade ounces and materially grow
the deposit footprint.
At Icon-Apollo, two step-out holes aimed to test the mineralized corridor between the two known
deposits. Both successfully hit broad zones of low-grade mineralization. Notably, hole GBZ015
intersected
220 metres at 0.37g/t Au, ending in mineralization
- one of the thickest intervals recorded
on the project to date.
This new discovery highlights significant large-scale, low-grade potential complementing the high-grade
lenses, offering two clear paths to growing the resource base.
An aggressive drill program is set to commence in May, targeting both high-grade and bulk-tonnage
opportunities, and is expected to run for the remainder of the year. In parallel, detailed structural mapping
is underway to refine future drill targeting and maximize exploration success.
Results for the remaining five holes from this phase are pending and will be reported as they become
available.
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.
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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 Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined
by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and
Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news
release. Dr Abzalov owns shares 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
Max. Depth
Dip
Azimuth
GBZ126_014
414793
7193831
313
402
-70
134
GBZ126_015
409893
7191607
284
402
-58
160
GBZ126_016
409849
7191705
293
384
-65
185
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 3m internal
dilution included.
Hole ID From T o Au ppm Interval
GBZ126_014 295 297 6.81 2
GBZ126_015 188 194 3.48 6
GBZ126_015 239 246 1.55 7
GBZ126_015 250 252 1.46 2
GBZ126_015 303 307 2.52 4
Bulk potential reported with a nominal 0.3 g/t Au lower cut off with no maximum internal dilution length
applied. Included higher grade intervals are calculated using a 0.5g/t lower cut off with no maximum
internal dilution length applied.
Hole ID From T o Au ppm Interval Note
GBZ126_014 294 396 0.32 102 Including 33m @ 0.67g/t from 295m
GBZ126_015 181 401 0.37 220 Including 124m @ 0.52g/t from 183m
GBZ126_016 261 292 0.32 31 Including 11m @ 0.58g/t from 261m
GBZ126_016 342 382 0.42 40 Including 15m @ 0.58g/t from 351m
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.)
Sampling techniques
Results are part of BNZ's inaugural 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.
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.
Criteria
Commentary
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
Criteria Commentary
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