Mr. Mark Lynch-Staunton reports
BENZ ACCELERATES EXPLORATION EFFORTS AT GLENBURGH
Benz Mining Corp. has deployed a second rig to fast-track the 30,000-metre reverse circulation drilling campaign at the Glenburgh gold project.
Benz chief executive officer Mark Lynch-Staunton commented: "We are incredibly excited about what we're seeing at Glenburgh. Mobilizing 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 geometry setting, consistent mineralization 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 multimillion-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 financed 30,000-metre drill program at Glenburgh following its successful $13.5-million raise. Since acquiring the project in February, 2025, Benz has been undertaking significant work programs to understand the geology and controls on the mineralization in the poorly understood highly metamorphized gold system.
Following the success of this work and encouraged by its maiden drill program that intersected 220 metres at 0.37 gram per tonne gold (see release dated April 28, 2025) in a single hole testing for potential mineralization between the Icon and Apollo pits, Benz has elected to mobilize a second reverse circulation drill rig to do a resource drillout on the mineralization outside of the 2013 pit optimizations. This area has had very limited exploration with the majority of the drill holes targeting mineralization in the top 100 m. Benz believes there is significant potential to extend mineralization down to 200 to 300 m from surface at current gold prices.
The first drill rig remains focused on the Z126 trend, where extensional drilling and targeted infill holes are under way to follow up on and expand on recent high-grade discovery intercepts:
- 11 m at 19.9 g/t gold from 274 m (GBZ126-010);
- Five m at 10.2 g/t gold from 222 m (GBZ126-001);
- Four m at 12.2 g/t gold from 319 m (GBZ126-009).
Several batches of samples have already been submitted, with initial assay results expected to be received and interpreted shortly.
About Benz Mining Corp.
Benz Mining 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 Mount 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 expand 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 National Instrument 43-101) mineral resource estimate of 16.3 million tonnes at 1.0 g/t gold (510,100 ounces of contained gold). A technical report prepared under NI 43-101 (Standards of Disclosure for Mineral Projects) titled "NI 43-101 Technical Report on the Glenburgh-Egerton Gold Project, Western Australia," with an effective date of Dec. 16, 2024, has been filed with the TSX Venture Exchange and is available under the company's profile at SEDAR+.
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 Joint Ore Reserves Committee (2012) of 1,005,000 ounces at 6.1 g/t Au, also available under the company's profile at SEDAR+, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.
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 is a qualified person as defined by NI 43-101 and a member in good standing as a fellow of the Australasian Institute of Mining and Metallurgy (No. 202718). Dr. Abzalov has reviewed and approved the technical information in this news release. Dr. Abzalov owns shares in Benz Mining.
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