Benz Mining Corp is set to accelerate exploration at its Glenburgh Gold Project with over 250,000 metres of drilling planned in 2026, backed by a strong A$94 million cash position. The company’s geological work has redefined Glenburgh into a district-scale system with three major gold camps, including a newly identified growth front.
- A$94 million pro forma cash following recent A$75 million bought deal
- Over 250,000 metres of drilling planned across three gold camps in 2026
- Glenburgh transformed into a coherent district-scale system with three major camps
- Introduction of Thunderbolt Camp as a new, underexplored growth front
- Ongoing regional exploration and scoping-level development work underway
A Funded Leap Forward
Benz Mining Corp has announced a significant step up in its exploration efforts at the Glenburgh Gold Project in Western Australia. With a robust pro forma cash balance of A$94 million, following a recent A$75 million bought deal, the company is well-positioned to execute an ambitious drilling program exceeding 250,000 metres in 2026. This funding underpins Benz’s confidence in Glenburgh’s potential as a district-scale gold system.
From Prospects to a District-Scale System
Over the past year, Benz’s geological work has reshaped the understanding of Glenburgh, moving it from a collection of isolated prospects to a coherent system comprising three major gold camps – Hurricane, Icon, and the newly introduced Thunderbolt. Each camp is substantial enough to be considered a standalone gold project, highlighting the scale of opportunity within the granted mining lease.
The Hurricane Camp focuses on high-grade growth, particularly along the Zone 126 trend, which remains open at depth. The Icon Camp offers bulk-tonnage potential with systematic drilling planned along a 3-kilometre trend. Meanwhile, Thunderbolt emerges as an exciting new growth front, historically underexplored due to shallow transported cover and limited drilling, but now interpreted to share geological similarities with the other camps.
Strategic Drilling and Regional Exploration
Benz’s 2026 drilling strategy is comprehensive, targeting both high-grade discoveries and bulk-style mineralisation. The company plans to drill to depths of up to 500 metres across all three camps, with first-pass drilling at Thunderbolt set to provide the first modern assessment of this underexplored area. Beyond the camps, Benz is advancing regional exploration with extensive soil sampling and gravity surveys over the broader 80-kilometre district trend, aiming to identify further targets.
Pathway to Development
Importantly, Glenburgh benefits from a granted mining lease and a foundation of historical feasibility studies, positioning it for a potentially rapid transition from exploration to development. Benz has already commenced scoping-level work, including metallurgical and geotechnical programs, supported by a diamond drilling rig. Resource definition drilling is planned for the second half of 2026, with close-spaced infill drilling expected to refine and expand high-grade zones.
A New Frontier in Gold Exploration
Glenburgh’s geological setting within a Paleoproterozoic metamorphic belt places it among some of the world’s most significant orogenic gold provinces. Benz’s modern exploration approach is unlocking value in a region historically overlooked due to complex geology and cover. With gold prices strong and a combination of bulk and high-grade targets, Glenburgh represents a rare and compelling opportunity in the Australian gold sector.
Bottom Line?
As Benz Mining embarks on this expansive drilling campaign, Glenburgh’s evolution from prospect to district-scale gold system could redefine its standing in the Australian gold landscape.
Questions in the middle?
- Will drilling at Thunderbolt reveal a new high-grade gold discovery comparable to Hurricane and Icon?
- How will regional survey results influence the identification of additional targets beyond the three camps?
- What timeline can investors expect for updated resource estimates following the 2026 drilling program?