Benz Mining Corp Uncovers High-Grade Gold at Glenburgh—with 39m at 5.1g/t and $13.5M Capital Boost Driving Dual-Track Expansion

Monday, June 30, 2025
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8:58 am
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Benz Mining Corp has reported breakthrough gold assay results at its Glenburgh Gold Project, uncovering thick, high-grade intercepts with strong continuity at depth. The encouraging findings boost confidence in future resource estimates and signal significant growth potential for investors exploring the gold market.

Benz Mining Corp has reported exceptional assay results from its RC drilling program at the Glenburgh Gold Project in Western Australia. The latest drilling highlights confirm the continuity and thickness of high-grade gold mineralization along the Zone 126 trend. Notable intercepts include a 39‐meter section averaging 5.1 grams per tonne and a 10‐meter interval grading 12.9 grams per tonne, with additional intervals also returning promising results. The technical data, supported by scissor drilling that indicates intercepts are approaching true widths, adds confidence to the evolving geological model and sets the stage for an initial Mineral Resource Estimate at Glenburgh. The Company’s drilling program continues to extend and test known high-grade lenses, while step-out drilling to the east and tests between Zones 126 and 102 are beginning to reveal new high-priority targets. Benz Mining Corp’s dual-track strategy aims to exploit both the large-scale open pit potential at the Icon–Apollo deposit and the high-grade underground opportunities at Zone 126. Early results from previous drilling have reported impressive intercepts, including intervals with grades reaching nearly 20 grams per tonne, supporting the broader exploration narrative and potential for significant resource growth. The technical indicators, such as using a nominal 1 gram per tonne lower cut off for high-grade reporting and data validation through complementary drilling techniques, provide a robust foundation for future resource studies. The ongoing 30,000-meter drilling program, funded by a recent $13.5 million capital raise, underscores the commitment of the management team to rapidly expand its global resource base. The project is supported by a portfolio of granted mining leases and is anchored by a team known for its geological expertise in high-metamorphic terranes. Bullish sentiment centers on the combination of thick, high-grade gold intercepts and the emerging structural continuity across multiple intercepts. The technical indicators and true width verification enhance investment appeal by offering tangible proof of the deposit’s potential. The strategic drill program, paired with a dual development pathway, positions Benz Mining Corp well for significant near-term exploration progress and resource updates. On the bearish side, investors may note the inherent risks associated with early-stage exploration projects. Although the drill results are impressive, the forward-looking nature of the statements and the uncertainties typical in resource estimation mean that actual recoverable resources might deviate from current projections. Additionally, market conditions, regulatory approvals, and execution risks remain key factors to monitor as the project progresses. Overall, the news reinforces Benz Mining Corp’s promising position in the gold exploration sector, bolstering optimism about a substantial gold system at Glenburgh while reminding market participants of the exploration risks inherent in early-stage projects.

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