Benz Mining has launched its inaugural drilling campaign at the Glenburgh Gold Project in Western Australia, aiming to expand high-grade gold resources with results expected to shape an updated mineral resource estimate later this year.
- Maiden drill program commenced targeting high-grade extensions at Zone 126 and Apollo
- Drilling scheduled through February and March 2025 with TopDrill contractor
- Historical intercepts include up to 28m at 5g/t Au and 24m at 9.1g/t Au
- Geological reinterpretation and advanced analysis underway to refine resource models
- Updated mineral resource estimate anticipated in H2 2025
Benz Mining Initiates First Drilling at Glenburgh
Benz Mining Corp (ASX: BNZ, TSXV: BZ) has officially commenced its maiden drilling program at the 100% owned Glenburgh Gold Project in Western Australia. The drill rig mobilised at the end of January 2025, with operations expected to continue through February and March. This marks a significant milestone for Benz, following its acquisition of the project from Spartan Resources in January.
The program is focused on testing high-grade gold extensions at key zones, notably Zone 126 and Apollo, where historical drilling has revealed promising intercepts such as 28 metres at 5 grams per tonne (g/t) gold and 24 metres at 9.1 g/t gold. These results underpin Benz’s strategy to expand the resource base in a jurisdiction renowned for its tier-1 gold deposits.
Targeting High-Grade Extensions and Resource Growth
CEO Mark Lynch-Staunton emphasised the strategic importance of the drilling campaign, stating that the program aims to unlock the full potential of Glenburgh’s mineralisation. The focus on high-grade shoots within a metamorphic terrain aligns with Benz’s expertise and advanced geological techniques, which include detailed geological mapping, structural re-logging, and multi-element XRF analysis of historical drill pulps.
Close-spaced knowledge drilling is also planned at the Icon deposit to provide granular geological and grade data, which will be critical for refining the upcoming resource model. This comprehensive approach is designed to support a robust mineral resource update anticipated in the second half of 2025.
Geological Reinterpretation and Advanced Analysis
Benz is undertaking a geological reinterpretation of the Glenburgh project, incorporating insights from world-class high-grade metamorphic gold deposits such as Tropicana. This work includes re-logging of core and structural studies to better understand the controls on mineralisation. The integration of these data sets aims to enhance the accuracy of resource modelling and identify further exploration targets beneath known deposits like Zone 102 and Shelby.
The company’s dual listing on the ASX and TSXV positions it well to leverage capital markets in both Australia and Canada, supporting its broader strategy of growing a global portfolio of high-grade gold assets. Glenburgh’s current historical resource stands at approximately 510,000 ounces of gold, with Benz aiming to significantly increase this figure through the current drilling and reinterpretation efforts.
Looking Ahead
With gold prices near historic highs and a bullish outlook, Benz’s maiden drill program at Glenburgh comes at an opportune time. The company’s methodical approach to exploration and resource definition could unlock substantial value for shareholders if drilling results confirm extensions of high-grade mineralisation.
Investors will be watching closely as assay results are released and the updated mineral resource estimate is prepared. The success of this campaign could set the stage for Benz to advance Glenburgh towards development, further solidifying its position in the competitive gold exploration sector.
Bottom Line?
Benz’s maiden drilling at Glenburgh could redefine its resource potential and reshape its growth trajectory in 2025.
Questions in the middle?
- Will the maiden drilling confirm extensions of the high-grade zones to materially increase the resource?
- How will the updated geological model influence future exploration targets and resource confidence?
- What impact will assay results and resource updates have on Benz Mining’s market valuation?