Benz’s Structural Model Validated as Zone 126 Gold System Grows Deeper
Benz Mining has announced the discovery of a new high-grade third gold lens at its Glenburgh Gold Project, alongside a significant down-dip extension of known mineralisation, validating its structural model and boosting exploration prospects.
- Discovery of a third high-grade gold lens at Zone 126
- Multiple drill intercepts exceeding 50 gram-metres
- Confirmed 100m vertical extension below second lens
- Structural model validated by new findings
- Drilling fully funded by recent $13.5 million capital raise
A New Chapter at Glenburgh
Benz Mining Corp (ASX, BNZ) has revealed a significant breakthrough at its Glenburgh Gold Project in Western Australia with the discovery of a third high-grade gold lens at the Zone 126 prospect. This new lens lies approximately 70 metres southeast of the previously identified second lens and has been intersected in drill holes at depths ranging from 196 to 507 metres, showing promising grades and continuity.
The discovery is underscored by multiple impressive drill results, including 11 metres at 5.5 grams per tonne (g/t) gold and 20 metres at 2.6 g/t gold, with a standout 5-metre interval grading 5.4 g/t. These results not only highlight the high-grade nature of the new lens but also suggest a vertical strike extent exceeding 300 metres, opening up substantial exploration potential.
Extending the Known Mineralisation
In addition to the new lens, Benz has confirmed a significant 100-metre down-dip extension beneath the second lens. Drilling results here include 10 metres at 6.1 g/t gold, featuring a high-grade 3-metre section at 16.8 g/t, and other notable intercepts such as 5 metres at 13.5 g/t and 6 metres at 7.4 g/t. This vertical continuity reinforces the presence of a large, vertically extensive gold system at Zone 126, which remains open at depth and along strike.
These findings validate Benz’s structural targeting model, which proposes that gold mineralisation plunges to the northeast; a departure from previous exploration assumptions that targeted a southwesterly plunge. This breakthrough explains why earlier drilling missed key mineralised zones and underscores the importance of the company’s geological expertise.
Strategic Implications and Next Steps
With drilling ongoing and fully funded by a recent $13.5 million capital raise, Benz is prioritising systematic exploration of this new lens horizon to define its scale and continuity. The company’s CEO, Mark Lynch-Staunton, expressed confidence that the consistent high-grade intersections and expanding mineralised system position Glenburgh as a potential tier 1, multi-million-ounce gold project.
Alongside the high-grade underground potential at Zone 126, Glenburgh also features a substantial bulk-tonnage footprint, making it a compelling dual-asset opportunity. Benz’s approach combines advanced geological techniques with deep expertise, aiming to rapidly grow its resource base across premier mining jurisdictions in Western Australia and Quebec.
Investors and industry watchers will be keenly awaiting further assay results and drilling updates, which will be critical to refining resource estimates and advancing the project towards development.
Bottom Line?
Benz’s discovery at Zone 126 marks a pivotal moment, but the true scale and economic potential of this gold system will unfold with ongoing drilling and resource definition.
Questions in the middle?
- How extensive is the newly discovered third lens in terms of true width and grade continuity?
- What impact will these discoveries have on Glenburgh’s overall resource estimate and project valuation?
- How will Benz balance advancing high-grade underground targets with its bulk-tonnage assets at Glenburgh?
