Benz Mining (ASX: BNZ) has reported significant assay results from its reverse circulation drilling program at the Zone 126 trend within the Glenburgh gold project in Western Australia. These results represent a major advancement in the company’s understanding and expansion of the project’s gold system, with thick intercepts confirming both vertical and grade continuity.
The drilling program, which commenced in May following a $13.5 million capital raise, is focused on expanding the Zone 126 gold lenses along the north-east plunge direction. Initial results include a broad mineralised intercept of 215 metres at 0.25 grams per tonne gold from 254m, including 4m at 2.6g/t gold. Additional highlights feature one of the thickest intercepts to date of 39m at 5.1g/t gold from 319m, along with 10m at 12.9g/t gold from 299m and 2m at 12g/t gold from 350m.
Benz Mining’s chief executive officer, Mark Lynch-Staunton, expressed that the results were “highly encouraging”, demonstrating strong continuity of the lenses along strike and at depth. He stated that these results give the company real confidence in the scale, consistency and continuity of the system. Benz Mining is focused on gold exploration and development, aiming to create value for shareholders through strategic acquisitions and exploration programs.
Benz Mining acquired the Glenburgh project earlier this year from Spartan Resources (ASX: SPR). Spartan retains a 15% strategic cornerstone shareholding in Benz and will collaborate with the company to develop Glenburgh and Mt Egerton. Spartan Resources is focused on advancing its flagship Dalgaranga gold project towards a production restart decision.
