Benz Mining Corp. is pleased to announce that it has entered into a subscription agreement with Peartree Securities for the issuance of 9,090,909 common shares by way of private placement to be issued on a flow-through basis at a price of C$1.10 per share for gross proceeds of $10,000,000. The gross proceeds received by the Company from the sale of [...]
Regional exploration summer work confirms numerous mineral occurrences across Benz tenement package typical from Archean greenstone belts Outcropping lithium bearing pegmatite at Ruby Hill West with historic rock chips samples assay results from a 60m x 25m outcrop including: 4.72%Li2O, 1720 ppm Rb 2.15% Li2O, 990 ppm Rb 1.97% Li2O, 3660 ppm Rb [...]
HIGHLIGHTS Maiden broad spaced scout drilling into North West Zone has highlighted the potential for a new high grade gold shoot Assays for the first 17 holes of 2021 received - assay results include: 3.0m at 16.6g/t gold including 1.5m at 32.8g/t gold 7.8m at 8.7g/t gold including 1.0m at 32.6g/t gold 6.0m at 3.6g/t gold including 1.0m at 10.2g/t [...]
HIGHLIGHTS Reject samples from the 2020 drilling campaign have arrived at MinAnalytical in Perth, Western Australia for analysis by PhotonAssay Samples had been integrated in the laboratory schedule ahead of delivery to allow for immediate start at reception and analysis has started Whole rock analysis to be conducted capturing visible gold [...]
HIGHLIGHTS FLEM identify multiple conductors 2.5km north of the Eastmain Mine at Placer Lake Conductors extend over strike length of approximately 2km and coincident with historical rock chip samples of 8.3g/t gold at surface and untested by drilling Total strike length of conductors exceeds 6km highlighting the potential scale of the district In [...]
HIGHLIGHTS 2021 FLEM survey of Loop G identifies multiple conductors located 2 km to the east of historical resources of Eastmain Mine. Conductors currently being tested as part of Benz's 50,000m fully funded drill 2021 program. Visible gold observed in two holes in this area, collared 250m apart. E Zone represents another new discovery in an area [...]
HIGHLIGHTS Second drill rig at Eastmain doubling drilling capacity at the project Multiple targets from the 2020 FLEM campaign and ongoing DHEM surveys Acquisition of two FLEM surveys completed - processing and interpretation imminent Shipping of samples to Australia underway after delays from COVID-19 and industrial action 40,000m of drilling [...]
HIGHLIGHTS 10 holes +4,000m of drilling completed since the beginning of 2021 Targeting FLEM and DHEM conductors identified in 2020 EM campaign Drilling confirmed the presence of a mineralized horizon below A Zone with strong visual mineralization intersected approximately 150m below the existing resource This target is approximately 2km along [...]
Highly successful maiden scout drilling campaign returns individual assays up to 85.0g/t gold HIGHLIGHTS Assays for Benz's maiden 2020 drilling campaign received and processed Several high-grade intervals and individual assays values up to 85.0g/t Au Second new parallel trend identified with discovery hole EM20-132 drilled into a FLEM anomaly [...]
HIGHLIGHTS First rig arrived on site on 13 January and is now drilling First target of 2021 drill season is the newly identified footwall conductors Numerous untested conductors from the 2020 EM campaign to be drilled in priority FLEM underway covering 3km of potential strike extent of two trends with 2.13g/t Au rock chip sample at surface and 1m [...]
HIGHLIGHTS Re-processing of FLEM identified a large conductor in the footwall of the existing resource at A Zone Last DHEM survey of historical hole in 2020 identified off-hole conductors 200m in the footwall of A Zone confirming FLEM modelled plate These conductors represent a potential 3rd trend to be tested in upcoming drill programs Exploration [...]
HIGHLIGHTS Maiden 7,110m, 12-hole diamond drill program successfully completed at Eastmain Drilling targeted a combination of fixed-loop and borehole electromagnetic conductors identified in the recent geophysics campaigns 110 line-km FLEM survey identified multiple conductors along strike of the known Eastmain Mine mineralization and highlighted [...]
