Benz Mining Corp (ASX:BNZ) Commences Maiden Drill Program at Glenburgh
Drilling Program Commencement
Benz Mining Corp has begun its maiden drill program at the 100% owned Glenburgh Gold Project in Western Australia. The drill rig mobilisation is underway, with drilling set to start by the end of this week and continue throughout February and March 2025.
Drilling Targets
The program will target high-grade extensions at Zone 126 and Apollo, building on previous significant gold hits, including 8m at 11.6g/t Au and 28m at 5g/t Au. Additionally, close-spaced orebody knowledge drilling at the Icon deposit will provide detailed geological and grade insights.
Geological Reinterpretation
A geological reinterpretation is in progress, incorporating insights from high-grade metamorphic terrain deposits like the Tropicana gold deposit. Historical drill pulps are being analyzed using XRF multielement methods to refine orebody modelling, and geological mapping and structural re-logging of all available core have commenced.
Future Outlook
Benz anticipates an updated mineral resource estimate in the second half of 2025 following the completion of the drill program and geological studies. The initiative supports resource growth in a tier-1 gold jurisdiction.
Executive Comments
CEO Mark Lynch-Staunton stated, “We’re thrilled to hit the ground running at Glenburgh, launching our maiden drill program just weeks after completing the acquisition. This is a major step forward for Benz as we focus on unlocking the full potential of this exciting gold project.”
“The drill program is designed to target high-grade gold extensions at key areas such as Zone 126 and Apollo, where historical results have shown exceptional gold grades. With gold prices near all-time highs and a bullish forecast ahead, the opportunity to leverage these conditions through high-grade resource expansion has never been better.”
“We are confident this program has the potential to deliver meaningful results, supporting strong resource growth in a tier-1 gold jurisdiction. We look forward to keeping the market updated as the campaign progresses.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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