Benz Mining: Electro-Magnetics Extend Mineralised Trends to the East, Confirmed by Visible Gold in Drilling
Benz Mining: Electro-Magnetics Extend
Mineralised Trends to the East, Confirmed by
Visible Gold in Drilling
HIGHLIGHTS
2021 FLEM survey of Loop G identifies multiple conductors located 2 km to the east of
historical resources of Eastmain Mine.
Conductors currently being tested as part of Benz's 50,000m fully funded drill 2021
program.
Visible gold observed in two holes in this area, collared 250m apart.
E Zone represents another new discovery in an area that has never been previously
drilled and is open in all directions.
Toronto, Ontario--(Newsfile Corp. - May 5, 2021) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the
Company
or
Benz
) is pleased to give an update on results of the 2021 geophysical survey conducted
at Loop G and preliminary observations from core recently drilled in this area of the Eastmain Gold
Project, Quebec, Canada.
Fixed Loop Electro-Magnetics (FLEM) survey completed in 2021 and located to the east of the 2020
high grade Eastmain Mine and Kotak trends discoveries has returned EM responses significantly
expanding the footprint of the Eastmain Project. The second drill rig has allowed the fast-track drilling of
the new conductors. Drilling encountered visible gold in drillhole EM21-166 and EM21-167 establishing
confidence in the continuity with drillhole EM20-142 which returned 5.4m at 3.8g/t gold including 1.4m at
7.2g/t gold and 1m at 4.4g/t gold.
Figure 1: Eastmain Property with newly acquired FLEM loop G and new 2021 modelled conductors
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1818/82911_c03417587455b9a0_001full.jpg
CEO, Xavier Braud, commented:
"
The exploration model we successfully started applying in 2020 is delivering better than expected
results. New FLEM surveys over new areas are generating new targets. Thanks to the second rig we
can now test and define more of those targets this year. Identifying visible gold in sulphide rich
mineralisation coincident with those conductors is auguring well for the future. The footprint of the
Eastmain Project keeps growing with each completed survey and additional drilling. Our aggressive
50,000m 2021 drilling campaign is designed to expand quickly and substantially the size of the whole
system via discovery of new high grade zones using electromagnetics as a direct targeting tool. So
far, all the drilling to date has returned the right geology and the right style of mineralisation."
Kotak and Mine trends extended to the east
FLEM Loop G covers an area located east of the easternmost survey conducted in 2020.
It identified
EM anomalies that could extend the Kotak and Eastmain Mine trends more than 500m past what is
currently known of those trends.
In late 2020, E Zone was first discovered by drilling EM20-142, a single hole into a newly identified
FLEM conductor from an Abitibi Geophysics TDEM survey conducted last July. EM20-142 returned
5.4m at 3.8g/t gold with gold associated with sulphide rich mylonite with strong biotite and garnet
alteration.
Loop G also identified a strong response conductor over 200m in length centred on hole EM20-142
using a Crone Deep EM TDEM system.
Figure 2: Simplified map with loop G, newly defined conductors and location of drillholes EM21-166
and EM21-167
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1818/82911_c03417587455b9a0_002full.jpg
In addition, the FLEM survey identified 2 additional conductors in what appears to be along strike from
EM20-142.
To date, 6 DDH have been drilled in the E Zone area.
Hole EM21-166 was designed to test 100m downdip of the mineralisation intersected in EM20-142 and
encountered mineralisation in two distinct horizons, one as the continuance of the sulphide rich zone
encountered in EM20-142 and a deeper one associated with sheared and albite altered tonalite with
quartz, pyrrhotite, chalcopyrite and tourmaline veins where visible gold grains was observed.
EM21-167 was designed to target conductors identified in Loop G TDEM survey.
This hole intersected
sulphide mineralisation with quartz veins within an altered and sulphide rich mylonite similar to what was
intersected in EM20-142.
Visible gold grains were observed in quartz veins with pyrrhotite, pyrite,
chalcopyrite, and sphalerite.
An additional FLEM conductor has been identified approximately 1km further east of E Zone. This small
conductor is highly encouraging as it is located proximal to a historical drill hole which returned 1.1m at
6.3g/t gold.
Samples from the current drill program are being submitted for a combination of fire and screen fire
assay at ACTLABS. Current assay turnaround time has been slow given the outbreak of second and
third waves of COVID-19 in Canada, combined with increased exploration in the province, with the
current turnaround time for assays being in excess of 8 weeks.
Figure 3: Visible gold associated with quartz-pyrrhotite-chalcopyrite and sphalerite vein into a
mineralised and strongly altered mylonite -Hole EM21-167 (4 grains 1mm in circle)
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/1818/82911_c03417587455b9a0_003full.jpg
Rejects from 2020 drilling shipped for PhotonAssay
TM
, in transit to Australia
All of the laboratory rejects (the fraction of samples unused in the assays process) from the 2020 drilling
campaign have been sent to Australia to be analysed by PhotonAssay
TM
. This assay technology is not
yet available in North America. Shipping was affected by lockdown measures in place in Canada as well
as industrial action at the port of Montreal. Samples are now on a ship and have been booked in the
laboratory schedule to be analysed shortly after delivery, in an effort to offset the current laboratory delays
faced by exploration companies.
This press release was prepared under supervision and approved by Dr. Danielle Giovenazzo, P.Geo,
acting as Benz' qualified person under National Instrument 43-101.
About Benz Mining Corp.
Benz Mining Corp. brings together an experienced team of geoscientists and finance professionals with
a focused strategy to acquire and develop mineral projects with an emphasis on safe, low risk
jurisdictions favourable to mining development. Benz is earning a 100% interest in the former producing
high grade Eastmain gold mine, Ruby Hill West and Ruby Hill East projects in Quebec.
The Eastmain Gold Project is situated within the Upper Eastmain Greenstone Belt in Quebec, Canada
and currently hosts a NI 43-101 and JORC (2012) compliant resource of 376,000oz at 7.9gpt gold. The
existing gold mineralization is associated with 15-20% semi-massive to massive pyrrhotite, pyrite and
chalcopyrite making it amenable to detection by electromagnetics.
Several gold mineralization
occurrences have been identified by previous explorers over a 10km long zone along strike from the
Eastmain Mine with very limited testing outside the existing resource area.
On behalf of the Board of Directors of Benz Mining Corp.
Xavier Braud, CEO
For more information please contact:
Paul Fowler
Head of Corporate Development (Canada)
Benz Mining Corp.
Telephone: +1 416 356 8165
Email:
Xavier Braud
CEO, Head of Corporate Development (Aus)
Benz Mining Corp.
Telephone +61 8 6143 6702
Email:
Forward-Looking Information:
Certain statements contained in this news release may constitute
"forward-looking information" as such term is used in applicable Canadian securities laws. Forward-
looking information is based on plans, expectations and estimates of management at the date the
information is provided and is subject to certain factors and assumptions, including, that the Company's
financial condition and development plans do not change as a result of unforeseen events and that the
Company obtains regulatory approval. 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 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.sedar.com
. 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.
Competent Person's Statements:
The information in this report that relates to Exploration Results is
based on and fairly represents information and supporting information compiled by Mr Xavier Braud,
who is a member of the Australian Institute of Geoscientists (AIG membership ID:6963). Mr Braud is a
consultant to the Company and has sufficient experience in the style of mineralization and type of
deposits under consideration and qualifies as a Competent Person as defined in the 2012 edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr
Braud holds securities in Benz Mining Corp and consents to the inclusion of all technical statements
based on his information in the form and context in which they appear.
The information in this announcement that relates to the Inferred Mineral Resource was first reported
under the JORC Code by the Company in its prospectus released to the ASX on 21 December 2020.
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original market announcement and confirms that all material assumptions and
technical parameters underpinning the estimate continue to apply and have not materially changed.
The
Company confirms that the form and context in which the Competent Person's findings are presented
have not been materially modified from the original market announcement.
Table 1: Drill collar information
HOLE_ID
UTMx_East
(m)
UTMy_North
(m)
Elevation
(m)
Total Depth
(m)
Azimuth
(°)
Dip
(°)*
EM21-166
701160
5797442
494
411
215
-60
EM21-167
701401
5797480
503
In progress
180
-70
*down dip is negative
Appendix 1: JORC Tables
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random
chips, or specific specialised industry standard
measurement tools appropriate to the minerals under
investigation, such as down hole gamma sondes, or
handheld XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of mineralisation that are
Material to the Public Report.
In cases where 'industry standard' work has been done
this would be relatively simple (eg 'reverse circulation
drilling was used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for fire assay'). In
other cases more explanation may be required, such as
where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed
information.
FLEM (TDEM) Survey:
Loop G, representing 25 line-km of fixed loop survey was
commissioned by Benz Mining to TMC Geophysics at the
Company's Eastmain Property in Quebec.
The survey was conducted using a conventional Crone
Deep-EM- system.
Downhole/Borehole Electromagnetics was conducted by
TMC geophysics using a Crone Deep EM system.
No sampling results.
Visual information from drill core observation.
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details (eg
core diameter, triple or standard tube, depth of diamond
tails, face-sampling bit or other type, whether core is
oriented and if so, by what method, etc).
Triple tube NQ core drilling.
Core was oriented using downhole orientation tool.
Drill sample
recovery
Method of recording and assessing core and chip sample
recoveries and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse material.
Core recoveries are measured by comparing the length of
core recovered against the length of drill rods used and
recorded by the drilling contractor.
Typical recoveries in fresh rock at Eastmain are between
95 and 100%.
Logging
Whether core and chip samples have been geologically
and geotechnically logged to a level of detail to support
appropriate Mineral Resource estimation, mining studies
and metallurgical studies.
Whether logging is qualitative or quantitative in nature.
Core (or costean, channel, etc) photography.
The total length and percentage of the relevant
intersections logged.
All core was logged for
Lithology
Alteration
Mineralisation
Mineral species abundance
Veining
Structures
Both qualitative and quantitative logging was conducted.
100% of the core drilled is being logged.
Criteria
JORC Code explanation
Commentary
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter, half or
all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc
and whether sampled wet or dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation technique.
Quality control procedures adopted for all sub-sampling
stages to maximise representivity of samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected, including
for instance results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate to the grain size of
the material being sampled.
Geological observations reported were done on whole
core.
This release does not include analytical drill results.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying
and laboratory procedures used and whether the
technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining the
analysis including instrument make and model, reading
times, calibrations factors applied and their derivation,
etc.
Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory checks)
and whether acceptable levels of accuracy (ie lack of
bias) and precision have been established.
Only visual observations reported in this release.
Verification
of sampling
and assaying
The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
This release does not include drill results.
Location of
data points
Accuracy and quality of surveys used to locate drill holes
(collar and down-hole surveys), trenches, mine workings
and other locations used in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
All drillhole locations have been surveyed by handheld
GPS with a typical accuracy of +/-4m.
Downhole surveys are conducted using a Reflex Multishot
Gyro.
Grid: UTM NAD83 Zone 18N.
Topographic control is cross-checked with a 2013 LIDAR
survey.
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Data spacing
and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.
Not applicable
Orientation of
data in
relation to
geological
structure
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which
this is known, considering the deposit type.
If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to
have introduced a sampling bias, this should be assessed
and reported if material.
Exploration drilling in area with no historical drilling.
Structures in the area are not well enough defined to
determine whether drilling orientation is orthogonal to the
structures encountered.
Sample
security
The measures taken to ensure sample security.
Core samples mentioned in this release are kept at the
Eastmain Mine site under control of Benz Mining.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.
The Company is constantly reviewing its sampling and
assaying policies. No external audit has been conducted
at this stage.
Criteria
JORC Code explanation
Commentary
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)