Latest news with #BenzMining
Yahoo
2 days ago
- Business
- Yahoo
Benz Announces Results of Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to announce the results of voting at its Special Shareholder Meeting held on Friday, June 27, 2025, at 10am (AWST) in Perth, Australia (the Meeting). All matters submitted to shareholders for approval as set out in the Company's Notice of Special Meeting of Shareholders and Information Circular dated May 27, 2025, were approved by the requisite majority of votes cast at the Meeting. A total of 57,921,197 common shares were voted at the Meeting, representing approximately 22.92% of the total issued and outstanding common shares of the Company as of the record date of the Meeting. As required under ASX Listing Rule 3.13.2, we advise details of resolutions and the proxies as set out at Appendix 1. This announcement has been approved for release by the Company Secretary. For more information please contact: Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Glenburgh Gold Project features a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)1. The Eastmain Gold Project in Quebec hosts a Mineral Resource Estimate of 1,005,000 ounces at 6.1g/t Au2 showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Qualified Person's Statement (NI 43-101) The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news release. Dr Abzalov owns shares in Benz Mining Corp. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh Project in this news release are considered to be "historical estimates" as defined under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101). These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements 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 because 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 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. Resolution Resolution Result Voting Method Number of votes cast in Meeting Instructions given to validly appointed proxies For Against Withheld/ Abstained For Against Withheld/ Abstained Discretion 1(a). Ratification of Prior Issue of 6,589,939 Tranche 1 Placement CDI's under LR 7.1 Passed Poll 56,213,17298.01% 22,0000.04% 1,120,3351.95% 56,213,17298.01% 22,0000.04% 1,120,3351.95% - 1(b). Ratification of Prior Issue of 22,132,061 Tranche 1 Placement CDI's under LR 7.1A Passed Poll 57,303,17299.91% 22,0000.04% 30,3350.05% 57,303,17299.91% 22,0000.04% 30,3350.05% - 2. Approval of Issue of Tranche 2 Placement CDIs to Spartan Passed Poll 57,868,86299.91% 22,0000.04% 30,3350.05% 57,868,86299.91% 22,0000.04% 30,3350.05% - Appendix 1: The following information is provided in accordance with ASX Listing Rule 3.13.2 and shows the number of proxy votes received prior to the Meeting. The Company notes no additional votes were cast directly in the Meeting. 1 Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz. See Historical Mineral Resource Estimates, below2 Indicated: 1.3Mt at 9.0g/t Au for 384koz; Inferred: 3.8Mt at 5.1g/t Au for 621koz. To view the source version of this press release, please visit
Yahoo
5 days ago
- Business
- Yahoo
Benz Accelerates Exploration Efforts at Glenburgh
HIGHLIGHTS: Second rig mobilised: Benz Mining has deployed a second rig to fast-track the 30,000m RC drilling campaign at the Glenburgh Gold Project. The accelerated program is supported by our recent successful A$13.5 million capital raise, enabling an aggressive ramp-up of exploration activities. Large-scale open pit potential: The second rig is focused on extensional drilling along the Icon-Apollo trend — a broad, bulk-tonnage gold system with shallow historical drilling on average to ~100m depth. Unlocking the next layer of growth: Significant mineralised potential has been identified beneath the 2013 pit design, with >1g/t gold zones extending over 1km of strike, surrounded by a broad 100-150m halo grading ~0.3-0.5g/t gold. Dual development strategy: The large open pit potential at Icon-Apollo is being advanced in parallel with high-grade underground opportunities, including the nearby 126 Lens, providing multiple pathways to growth and development all on granted mining licenses. Resource update underway: Drilling along the 1km Icon-Apollo trend is targeting significant resource growth, with step-out holes designed to extend known mineralisation down to 250-300m depth. Results from this program will underpin a major Mineral Resource update aimed at substantially increasing the scale and confidence of the Glenburgh resource base1. Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Benz Mining Corp. (ASX: BNZ) (Benz or the Company) is pleased to announce the deployment of a second rig to fast-track the 30,000m RC drilling campaign at the Glenburgh Gold Project. Figure 1 East West Long section view looking North of Icon Apollo with interpolated grade shells at 1g/t and 0.5g/t gold. Proposed drilling demarcated by black crosses. Previous results released on 6 November 2024 and 3 April 2025. To view an enhanced version of this graphic, please visit: Benz CEO, Mark Lynch-Staunton, commented: "We are incredibly excited about what we're seeing at Glenburgh. Mobilising a second rig is a clear signal of our intent - we believe we're sitting on something big. The Icon-Apollo trend alone has all the hallmarks of a large-scale, long-life gold system, and it remains barely scratched beneath 100 metres depth. With a broader basin-like geometery setting, consistent mineralisation over a kilometre, and both open pit and high-grade underground targets in play, this is shaping up to be a transformational opportunity." "We firmly believe Glenburgh has what it takes to become Western Australia's next multi-million-ounce gold deposit. With drilling now accelerating, we're unlocking value at pace and positioning Benz at the forefront of one of WA's most exciting gold discoveries." Benz is currently undertaking a fully funded 30,000m drill program at Glenburgh following its sucecssful $13.5m raise. Since acquiring the project in Feburary 2025, Benz has been undertaking significant work programs to understsand the geology and controls on the mineralisation in the poorly understood highly metamorphised gold system. Following the success of this work, and encouraged by its maiden drill program that intersected 220m at 0.37g/t gold (see release dated 28 April 2025) in a single hole testing for potential mineralisation between the Icon and Apollo pits, Benz has elected to mobilize a second RC drill rig to do a resource drill out on the mineralisation outside the 2013 pit optimisations. This area has had very limited exploration with the majority of the drill holes targetting mineralisation in the top 100m. Benz believes there is significant potential to extend mineralisation down to 200-300m from surface at current gold prices. The first drill rig remains focused on the Z126 trend, where extensional drilling and targeted infill holes are underway to follow up on and expand on recent high grade discovery intercepts2: 11m at 19.9g/t gold from 274m (GBZ126_010) 5m at 10.2g/t gold from 222m (GBZ126_001) 4m at 12.2g/t gold from 319m (GBZ126_009) Several batches of samples have already been submitted, with initial assay results expected to be received and interpreted shortly. Figure 2 Rig Mobilised and drilling at the Icon Appollo trend To view an enhanced version of this graphic, please visit: Figure 3 Glenburgh Project Geology overview. To view an enhanced version of this graphic, please visit: This announcement has been approved for release by the Board of Benz Mining Corp. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Glenburgh Gold Project features a Historical (for the purposes of NI 43-101) Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)3. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at The Eastmain Gold Project in Quebec hosts a Mineral Resource Estimate dated effective May 24, 2023 and prepared in accordance with NI 43-101 and JORC (2012) of 1,005,000 ounces at 6.1g/t Au4, also available under the Company's profile at showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Qualified Person's Statement (NI 43-101) The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news release. Dr Abzalov owns shares in Benz Mining Corp. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh Gold Project in this news release are considered to be "historical estimates" as defined under NI 43-101. These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the exploration potential of the Glenburgh Gold Project and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh Gold Project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the accuracy and reliability of the Company's exploration thesis in respect of additional drilling at the Glenburgh Gold Project will be consistent with the Company's expectations based on available information; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton Gold Projects) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations. 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 early stage nature of the Company's exploration of the Glenburgh Gold Project, 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 and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and 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. 1 See Benz announcement dated 6 November 2024: 16.3Mt at 1g/t Au for 510.1koz (Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz2 See Benz announcements date 6 November 2024 and 3 April 20253 Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz. See Historical Mineral Resource Estimates, below4 Indicated: 1.3Mt at 9.0g/t Au for 384koz; Inferred: 3.8Mt at 5.1g/t Au for 621koz To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
News.com.au
12-06-2025
- Business
- News.com.au
These explorers are looking to revamp gold in the historic Gascoyne
Gold exploration in Gascoyne heating up BNZ, SPR and WYX eyeing a slice of the pie Region also prospective for precious metals like silver WA's Gascoyne region was dug up by old timers for over a century, with towns built on the dreams of gold prospectors. And plenty of what glittered turned out to be gold. Notable mines included the Star of Mangaroon, which was found in 1956 and mined until 1983, producing a total of 7464oz of gold at a whopping 34.8g/t gold. The story goes that the assayer wrote on the bottom of his report 'If you don't start working this, I'll come up and do it myself.' In recent years, the region has received a new lease on life, with major discoveries in gold, rare earths, lithium and more. But today we're looking at the goldies who are looking to revive the Gascoyne. One of these new movers is dual-listed Benz Mining Corp (ASX:BNZ),which back in January acquired Spartan Resources' (ASX:SPR) Glenburgh gold project, mopping up a resource containing 16.3Mt at 1g/t gold for 510,000oz. With previous gold hits up to 11.6g/t and huge exploration potential over 50kms of strike within over 786km2 of underexplored terrain, BNZ has previously called it a 'transformational acquisition,' comparing the project's geological setting to the multi-million-ounce Tropicana gold discovery. BNZ kicked off maiden drilling this year reporting new hits of up to 19.9g/t gold and a high-grade wide zone of mineralisation smack bang between the Icon and Apollo deposits – indicating they could be linked. Now, BNZ has commenced a massive 30,000m program to chase the tail of this potentially continuous, large scale gold system. And keeping a slice of the pie, SPR is also now the biggest shareholder Benz, holding a 14.9% stake and participating $2m in a recent $13.5m placement to drive drilling at the project. BNZ has shown the opportunities on offer from the gold rich region, Gascoyne gold back in fashion BNZ is not the only company hunting for gold in the area. Western Yilgarn (ASX:WYX)has also pivoted to explore for the precious metal, having just secured the Gascoyne project following the acquisition of three exploration licences (E09/2986, E09/2987 and E09/2988) covering a total area of 201km2. The latest addition to the company's portfolio holds huge exploration upside over the same host rocks as the Glenburgh project, which is just 8.7km down the road. 'We are extremely pleased to secure the Gascoyne Gold Project as it provides excellent potential to delineate gold resources similar to the Benz Mining Corp, Glenburgh mineralised gold system which now expands over 50km in length," WYX non-executive director Pedro Kastellorizos said after picking up the project in early may. "The company has the same geological lithologies (Dalgaringa Supersuite metamorphic rocks) as the Glenburgh Gold Project located to the north of the current tenements. We have now commenced a geological and geophysics review for the purposes of delineating gold targets to commence ground exploration activities." The company is confident that – despite the region's strong gold potential being explored in recent decades – there remain areas that are highly underexplored and could present a substantial opportunity to host gold mineralisation. Geological and geophysics reviews are underway to define gold drill targets. It's just 300km east of Carnarvon, and delivers both geographical and commodity diversity for WYX. Western Yilgarn's priority focus has been on bauxite, the key feedstock for aluminium. Its Julimar West project north of Perth contains an inferred resource of 168.3Mt at 36.1% Al203 & 14.7% SiO2 (cut-off: ≥25% Al2O3). Location map showing the Gascoyne gold projects area with nearby gold mineral occurrences and deposits. Source: WYX Another company on the gold hunt is Dreadnought Resources (ASX:DRE), which holds the Mangaroon project in the Gascoyne, where RC drilling is underway at the Star of Mangaroon prospect. There, near-surface historical results were surprisingly not included in the November 2024 resource nor the January 2025 scoping study. The plan is to shore up additional open cuts on the granted mining leases to bolster the already robust scoping study, with the goal of producing more gold, improving mining efficiency and increasing cashflow. More precious metals than just gold? While gold is the commodity of choice in the region, don't discount other precious metals like silver. The "poor cousin" of gold has come to life in the past week after breaking a key resistance level of US$35/oz. Taruga Minerals (ASX:TAR) is one example, having recently applied for three contiguous permits (covering 385km2) in the highly prospective northern Gascoyne province, which contain numerous high grade historical workings for base and precious metals. The Thowagee tenement is especially interesting, as it features two historic polymetallic mining operations, with the Thowagee mine producing 15.2 tonnes of lead and 5878 grams of silver. Gold, copper and zinc are also present in the mineral system. Notable historic rock chip results include up to 286g/t silver, 143g/t gold, 59.3% lead and 4.35% copper. While West Coast Silver's (ASX:WCE) main game is at the Elizabeth Hill silver project in the West Pilbara, a deal that has propelled the junior to its highest share price since early 2024, WCE has a stake in the Gascoyne gold game as well via its JV with Falcon Metals (ASX:FAL) at Errabiddy, where Falcon Metals can earn a 70% stake by spending $2m on exploration. The project contains 960km2, including over 400km2 solely owned by WCE, with the company also holding 100% of the graphite rights – important given its proximity to Buxton Resources' (ASX:BUX) Graphite Bull project. At Stockhead, we tell it like it is. While Buxton Resources, Western Yilgarn, Spartan Resources, Taruga Minerals and West Coast Silver are Stockhead advertisers, they did not sponsor this article. Originally published as Gold is back in the spotlight in WA's Gascoyne region
Yahoo
21-05-2025
- Business
- Yahoo
Benz Launches 30,000m Drilling Program at the Glenburgh Gold Project
HIGHLIGHTS: Drilling Now Underway: Benz Mining has kicked off an ambitious 30,000m RC drilling campaign at the Glenburgh Gold Project, with diamond drilling set to follow in Q3 2025. The program comes on the back of our recent successful A$13.5 million capital raise, positioning us well to aggressively advance exploration. High-Impact Targets: Initial focus is on expanding the high-grade Zone 126 gold lenses along the untested NE plunge direction, following up on recent high grade discovery intercepts1 including: 11m at 19.9g/t gold from 274m (GBZ126_010) 5m at 10.2g/t gold from 222m (GBZ126_001) 4m at 12.2g/t gold from 319m (GBZ126_009) Drilling will also test parallel Zone 102 and other priority targets down the NE plunge direction guided by Benz's proven exploration model, marking the first time these deposits will be drilled in this direction compared to previous exploration focused predominantly to the SW (see Fig. 1 & 2). Advanced Geological Mapping: Surface structural mapping continues to refine understanding of mineralisation controls and deliver promising new targets, with over 400 structural measurements already collected. Mineral Resource Modelling: In depth geological analysis is ongoing to accurately model the Glenburgh mineralisation for the first time. By integrating downhole structural and lithological controls, we are significantly reducing geological uncertainty and risk, ensuring that future mineral resource estimates are robust and geologically driven. Transformational Resource Growth: The combination of aggressive extensional drilling and resource re-modelling is anticipated to deliver a substantial increase in the upcoming Mineral Resource Estimate. Regional Exploration: A regional soil sampling and gradient array IP program targeting untapped greenfield areas will commence shortly, paving the way for new drill targets to unlock Glenburgh's multi-million-ounce gold potential (Fig. 5). Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Benz Mining Corp. (ASX: BNZ) (Benz or the Company) is pleased to announce the commencement of an aggressive drilling program at the Glenburgh Gold Project, targeting rapid resource growth and high-grade ounce additions. Figure 1 Long section view of Zone 126 with proposed drilling. Previous results released on 6 November 2024 and 3 April 2025. To view an enhanced version of this graphic, please visit: PROGRAM DETAILS: The initial phase of drilling will focus on extending the Zone 126 series of high-grade lenses along the untested NE plunge direction, guided by the Benz targeting model. This area holds the potential for significant high-grade discoveries, with the opportunity to rapidly add ounces and unlock substantial resource growth. Additionally, for the first time, Zone 102 - parallel to Zone 126 - will be drilled using the Benz exploration model, which delivered exceptional results in the last program. Given its similar geological setup to Zone 126, Zone 102 represents a compelling target. Mapping has also identified a potential third mineralised trend between these zones, which will be incorporated into the drill plan. Figure 2 Plan view: Initial planned drilling targeting high grade corridors in and around the Zone 126 high grade trend. To view an enhanced version of this graphic, please visit: Benz CEO, Mark Lynch-Staunton, commented: "Benz is ambitiously targeting the growth of a multi-million ounce resource at the Glenburgh Gold Project, and we truly believe we are sitting on district-scale gold potential. Our aggressive drilling campaign is now underway and will continue until year end, marking a major step in unlocking Glenburgh's potential. "We are pioneering a comprehensive understanding of Glenburgh's gold mineralisation, leveraging our proven exploration model to fully assess its size potential. With Glenburgh's advanced status - including a granted mining lease and clearing permit - we have an accelerated path to future production potential. "Benz intends to keep the market updated with a steady stream of drilling results and exciting new targets. With the upcoming Mineral Resource Estimate, we're confident it has the potential to be a transformational step change." Figure 3 Rig 01 in action at Glenburgh Gold Project To view an enhanced version of this graphic, please visit: Figure 4 Long section, looking north highlighting strategic exploration search space at Glenburgh, with all known mineralisation open at depth To view an enhanced version of this graphic, please visit: Strategic Depth Extension at Icon Apollo - Shelby Trend: While the high-grade corridors at the Zone 126 trend present significant underground potential, the Icon Apollo - Shelby trend represents a different opportunity, characterised by bulk-style mineralisation. This zone remains highly underexplored (see Fig 4), with the average depth of previous drilling only reaching around 100m. Systematic drilling to test mineralisation to depths of 200-300m is anticipated to significantly increase the resource base along this trend, complementing the high-grade underground potential of Zone 126's high grade corridors. Figure 5 Inferred Glenburgh gneiss (yellow) will form the basis of the regional soil sampling campaign. This is expected to generate further exciting targets over the 80km district trend. To view an enhanced version of this graphic, please visit: Ongoing Exploration and Next Steps: Surface structural mapping continues to deliver promising new targets, which are being incorporated into the ongoing exploration pipeline. Additionally, a regional soil sampling campaign targeting greenfield areas is set to commence shortly, aiming to unlock the district's multi-million-ounce potential. This announcement has been approved for release by the Board of Benz Mining Corp. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Glenburgh Gold Project features a Historical (for the purposes of NI 43-101) Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)2. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at The Eastmain Gold Project in Quebec hosts a Mineral Resource Estimate dated effective May 24, 2023 and prepared in accordance with NI 43-101 and JORC (2012) of 1,005,000 ounces at 6.1g/t Au3, also available under the Company's profile at showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Qualified Person's Statement (NI 43-101) The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news release. Dr Abzalov owns shares in Benz Mining Corp. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh Gold Project in this news release are considered to be "historical estimates" as defined under NI 43-101. These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the exploration potential of the Glenburgh Gold Project and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh Gold Project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the accuracy and reliability of the Company's exploration thesis in respect of additional drilling at the Glenburgh Gold Project will be consistent with the Company's expectations based on available information; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton Gold Projects) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations. 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 early stage nature of the Company's exploration of the Glenburgh Gold Project, 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 and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and 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. 1 Benz Announcement dated 3 April 2025: Benz delivers a new high grade gold discovery at Glenburgh2 Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz. See Historical Mineral Resource Estimates, below3 Indicated: 1.3Mt at 9.0g/t Au for 384koz; Inferred: 3.8Mt at 5.1g/t Au for 621koz To view the source version of this press release, please visit
