Benz Mining Corp (BNZ) has announced a new high-grade gold discovery at its Glenburgh Gold Project in Western Australia. Initial results from maiden drilling at the Zone 126 target revealed a significant high-grade gold lens, approximately 80 meters down-plunge from previously interpreted mineralization. Key intercepts include 11 meters at 19.9g/t gold from 274 meters and 5 meters at 10.2g/t gold from 222 meters, demonstrating significant potential for further discoveries.
The drilling confirmed Benz’s structural interpretation, indicating a northeast plunge to the mineralized system, contrasting with previous exploration focused on southwest plunges. This refined model opens up the 18km mineralized corridor to untested fold plunge targets. Advanced surface mapping is underway, confirming the visibility of northeast fold geometries at the surface, which will aid in pinpointing future drill targets.
CEO Mark Lynch-Staunton commented, expressing excitement over the results and the validation of their structural understanding. He highlighted the exceptional grades intersected and the potential for a multi-million ounce gold system. The company has completed 21 holes to date and awaits further assays by the end of the quarter.
In addition to exploration results, Benz Mining has agreed to issue 8,000,000 options to consultants, with exercise prices of C$0.45 and C$0.90, expiring on April 2, 2028. The Glenburgh Gold Project currently has a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold). Benz Mining aims to expand its global resource base using advanced geological techniques.
