Third Rig at Eastmain, Mineralised Tonalite at E Zone
Third Rig at Eastmain, Mineralised Tonalite at
E Zone
HIGHLIGHTS
Third drill rig on site adding to the two already in operation at Eastmain
Drilling capacity increased to c.1,500m/week - 38,000m drilled to date, on track to achieve
the 2021 plan of 50,000m
Drilling targeting DHEM conductors down-plunge of A and C Zones and extensions to E
Zone
Over 15,000 samples from 52 drillholes awaiting assays
New style of mineralisation discovered at E Zone associated with a tonalite intrusion
located structurally between the Kotak and Mine trend with visible gold observed
Toronto, Ontario--(Newsfile Corp. - October 20, 2021) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the
Company
or
Benz
) is pleased to provide an update on its 2021 drilling campaign. The third drill rig,
originally booked for September, is now on site at Eastmain and drilling electromagnetic targets down-
plunge from the existing resource.
CEO, Xavier Braud, commented:
"The third rig we needed to accelerate our drilling program is now in
operation at Eastmain. Our current drilling capacity has increased to ~1,500m per week which will see
us achieve our original target of 50,000m of drilling this year. We currently have over 15,000 samples
awaiting assay results. Turnaround time at the laboratory has been extremely slow especially with the
need for metallic screen fire assays. The discovery of a new mineralised system with visible gold at E
Zone is also very exciting and we look forward to sharpening our understanding of this new fertile
system. Eastmain is still surprising us which augurs very well for the future."
Figure 1: Eastmain Gold Project with 2021 drillholes pending assays, 2021 drilling with logged visible
gold, DHEM conductors modelled to date and current drill rig location
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_001full.jpg
Figure 2: Map view of the Eastmain Project with historical and current high grade drill results and 2021
drilling pending assays with EM conductors and simplified geology
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_002full.jpg
Tonalite Zone discovery
At E Zone, drilling encountered a tonalite intrusion structurally located between the Kotak horizon and the
Mine horizon.
This tonalite has a variable thickness over the area.
The tonalite shows numerous zones of alteration with silicification, sericitization and albitisation. Quartz
veins are present with associated tourmaline and carbonate.
The tonalite also shows sulphide mineralisation as disseminations in the veins and on their margins.
Sulphides include pyrite, pyrrhotite and chalcopyrite with occasional sphalerite and molybdenite. Garnet
porphyroblasts are observed in the strongest alteration zones. Sulphide mineralisation coincides broadly
with the conductors identified by downhole EM.
Quartz veins with carbonate within the tonalite contain visible gold.
Visible gold was also observed in the upper sheared contact between the tonalite and the overlying
alternation of volcanics and ultramafics.
Figure 3: NE-SW Schematic geological cross section showing the newly discovered
mineralised tonalite intrusion at E Zone
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_003full.jpg
Figure 4: Mineralised tonalite contact with visible gold associated with quartz-pyrrhotite
veining (Hole EM21-167, 278.6m)
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_004full.jpg
Figure 5:Mineralised vein is hosted in a moderately biotitized, silicified and albitized tonalite with
tourmaline-quartz carbonate veins and local garnet porphyroblasts. (Hole EM21-207, 342.2m)
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_005full.jpg
A and C Zones extensions at depth guided by DHEM
Drilling of DHEM conductors down-plunge from A and C Zones show that the mineralised system carries
out at depth. The current drilling in those areas follows the same methodology applied by Benz in the last
12 months at Eastmain with 100m step-outs. Whilst this spacing is too wide to establish a resource
estimate from the current drilling, it gives the Company a much better understanding of the potential
footprint of the deposit before planning infill drilling.
Figure 6: C Zone depth extension (EM21-205, 601.0m)
To view an enhanced version of Figure 6, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_006full.jpg
Figure 7: A Zone depth extension, Mine horizon with quartz, pyrrhotite, pyrite and chalcopyrite (EM21-
204B, 564.7m)
To view an enhanced version of Figure 7, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_007full.jpg
Eastmain Gold Project
The Eastmain Gold Project, situated on the Upper Eastmain Greenstone Belt in Quebec, Canada,
currently hosts a NI 43-101 and JORC (2012) compliant resource of 376,000oz at 7.9gpt gold (Indicated:
236,500oz at 8.2gtp gold, Inferred: 139,300oz at 7.5gtp gold). The existing gold mineralisation is
associated with 15-20% semi-massive to massive pyrrhotite, pyrite and chalcopyrite in highly deformed
and altered rocks making it amenable to detection using electromagnetic techniques. Multiple gold
occurrences have been identified by previous explorers over a 10km long zone along strike from the
Eastmain Mine with very limited but highly encouraging testing outside the existing resource area. Benz
has subsequently identified over 150 DHEM conductors over a strike length of 6km which is open in all
directions.
This press release was prepared under supervision and approved by Dr. Danielle Giovenazzo, P.Geo,
acting as Benz's 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.
Figure 8: Benz tenure over Upper Eastmain Greenstone Belt simplified geology.
To view an enhanced version of Figure 8, please visit:
https://orders.newsfilecorp.com/files/1818/100286_40359210d43bebaa_008full.jpg
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 +61 423 237 659
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.
Appendix 1: Collar Table 2021 Drilling
DDH ID
X_NAD83_Z18N
Y_NAD83_Z18N
Elevation
Azimuth
(planned)
Azimuth
(measured)
Dip planned
Dip
(measured)
Planned
Depth
Total Drilled
length
EM21-143
698713
5798618
485.0
215
215.35
-56.9
56.92
550
567
EM21-144
698568
5799058
485
215
215.1
-75
75
450
477
EM21-145
698315
5799210
487
215
215.3
-60
60
350
333
EM21-146
698280
5799265
495
215
215
-60
60
350
297
EM21-147
698184
5799041
490
220
220
-55
55
200
225
EM21-148
698192
5799167
491
220
220
-60
55
265
265
EM21-149
698014
5799532
487
217
217
-55
54.9
220
225
EM21-150
698182
5799743
510
217
217.1
-55
54.9
165
201
EM21-151
698569
5798713
483
216
216.19
-60
60.4
620
657
EM21-152
699236
5798936
508
225
225
-75
74.9
600
636
EM21-153
699248
5798810
480
225
225.3
-80
80.5
620
619.3
EM21-154
699247
5799006
484
225
225.16
-75
75
610
675
EM21-155
698518
5798790
486
220
219.88
-60
60.4
575
585
EM21-156
698582
5799177
485
215
215.04
-75
75.3
450
507
EM21-157
698434
5799154
485
240
239.9
-60
58
450
471
EM21-158
698405
5799250
483
245
249
-60
59
600
648
EM21-159
698520
5799290
484
245
244.5
-65
-64.9
450
450
EM21-160
700655
5797357
503
215
214.66
-70
-70.4
450
477
EM21-161
701002
5797424
499
215
214.9
-60
-60.2
300
351
EM21-162
700174
5798070
488
210
210.4
-65
-65.3
550
651
EM21-163
701190
5797310
509
215
215.3
-60
-60
300
201
EM21-164
701030
5797282
524
210
210.4
-60
-60.2
200
273
EM21-165
700394
5798111
487
210
-74
-73.9
800
783
EM21-166
701160
5797442
494
215
214.9
-60
-60.6
380
411
EM21-167
701401
5797480
503
180
180.1
-70
-70.2
360
468
EM21-168
700280
5798134
485
210
210.3
-75
-75
680
687
EM21-169
701246
5797779
490
210
209.6
-75
-74.6
450
621
EM21-170
700276
5797965
490
210
210.3
-70
-70.4
600
636
EM21-171
700171
5797963
489
210
210
-70
-70.3
525
567
EM21-172
700605
5797443
495
210
209.9
-60
-60
450
453
EM21-173
700297
5797805
492
210
204.3
-70
-71
460
463
EM21-174
701371
5798073
484
210
209.65
-65
-65.3
800
781.45
EM21-175
700226
5797876
487
206
207.71
-70
-70
550
573
EM21-176
701210
5798045
483
213
212.8
-67
-67
610
624
EM21-177
700114
5797875
486
210
209.9
-70
-70.1
465
471
EM21-178
700263
5798666
481
215
215.3
-65
-65
600
603
EM21-179
700062
5797789
485
210
209.9
-70
-70.1
400
444
EM21-180
700357
5798529
482
210
210.1
-70
-70.5
650
648
EM21-181
700181
5797790
487
210
209.9
-65
-65.2
490
486
EM21-182
700341
5798224
484
210
209.9
-75
-75.2
700
780
EM21-183
700080
5798025
485
210
209.8
68
-67
600
669
EM21-184
700368
5797902
491
210
210.2
-70
-70.1
600
573
EM21-185
700305
5798405
486
210
209.47
-70
-70.02
800
804
EM21-186
700262
5797716
494
210
209.5
-70
-70.1
420
474
EM21-187
700428
5798232
487
210
205.65
-75
-75.2
780
831
EM21-188
700188
5797587
492
210
-70
-70.1
380
342
EM21-189
700039
5797566
495
210
209.45
-70
-69.94
350
309
EM21-190
700675
5797450
497
210
210.7
-65
-65.88
450
474