HIGHLIGHTS:
Maiden Glenburgh Exploration Goal signifies Glenburgh has the potential to be an rising main gold system, with the dimensions, geological structure and progress potential to assist a world-class gold challenge.
The Exploration Goal is knowledgeable and supported by substantial drilling, with roughly 80% of the Exploration Goal being drill-defined, assay-supported and wireframed. The steadiness displays a extra conceptual geological projection of the system past the present drill footprint.
Aggressive infill, extensional and down-plunge drilling, metallurgical testwork and up to date geological modelling are deliberate over the subsequent 12 months, with the target of changing a considerable portion of the Exploration Goal right into a Mineral Useful resource in CY27.
Ongoing tungsten assaying is predicted to assist the incorporation of tungsten into potential future Exploration Targets and Mineral Useful resource fashions.
Your entire Exploration Goal sits inside Benz’s wholly owned, granted and totally permitted Mining Lease, offering a transparent and fast pathway to growth following pending definition of a maiden Mineral Useful resource.
Vancouver, British Columbia–(Newsfile Corp. – June 23, 2026) – Benz Mining Corp (ASX: BNZ) (TSXV: BZ,OTC:BENZF) (“Benz” or the “Firm”) is happy to report a maiden Exploration Goal, as outlined below the JORC Code (2012) and contemplated in Part 2.3(2) of Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), for its 100%-owned Glenburgh Gold Mission within the Gascoyne area of Western Australia (“Exploration Goal”).
Desk 1: Glenburgh Exploration Goal (see “Cautionary Assertion” beneath).
The mixed Exploration Goal grade displays the inclusion of the broader lower-grade mineralised halo in full and doesn’t signify an optimised mining stock. Future research would assess which parts of the halo could also be selectively included primarily based on pit geometry, cut-off grade, mining selectivity, metallurgical efficiency and economics. Beforehand introduced preliminary metallurgical testwork at Icon returned gold recoveries of as much as 93.3% (see announcement dated 17 June 2026) from examined lower-grade halo materials, supporting its potential to offer vital incremental feed the place captured inside future mining shapes.
Benz CEO, Mark Lynch-Staunton, commented:
“This preliminary Exploration Goal frames the conceptual scale and high quality of Glenburgh on a project-wide foundation for the primary time.
“Importantly, this isn’t a unfastened conceptual goal – roughly 80% of the Exploration Goal is drill-defined, assay-supported and wireframed, offering a powerful technical basis for useful resource conversion.
“Our goal is obvious: hold drilling aggressively, convert a considerable portion of this Exploration Goal right into a Mineral Useful resource in CY27, and take a look at the projected extensions open at depth which have the potential to develop the system additional.
“Glenburgh has the conceptual scale and geological structure to turn out to be a significant Australian gold challenge, with the potential to evolve right into a world-class gold system.
“Following the $75 million elevate accomplished earlier this 12 months, Benz is nicely funded to execute this program at tempo.”
Construction of the Exploration Goal
The Glenburgh Exploration Goal is reported as a single Exploration Goal. To help interpretation, it has been separated in two complementary methods:
By grade area: a higher-grade core and a mineralised halo, reflecting the recognized grade distribution of the mineralised system; and
By foundation of estimation (inside every grade area): a drill-defined part, derived from current drillhole information and interpreted mineralised wireframes; and a conceptual geological projection part, derived by extrapolation of these wireframes down-plunge and/or down-dip past the present restrict of drilling.
This construction permits readers to see each the grade distribution of the goal and the extent and kind of knowledge supporting every a part of it. All elements kind a part of the one Glenburgh Exploration Goal and are topic to the Cautionary Assertion above. Figures are said as ranges and are approximations. Full breakdown by deposit may be seen in Appendix 1.
Exploration Goal Abstract
Desk 2: Exploration goal cut up by mineralisation area
Notes: Tonnes are rounded to the closest 1 Mt for elements and 5 Mt for subtotals and the overall; grade to 0.1 g/t Au; contained gold to 0.1 Moz. A spread that rounds to a single worth is proven as one determine. Rows might not sum precisely attributable to rounding. The “Glenburgh Exploration Goal” line is the arithmetic whole of the higher-grade area and the lower-grade mineralised halo; it’s conceptual, unsure, and isn’t a Mineral Useful resource.
The mixed Exploration Goal grade displays the inclusion of the broader lower-grade mineralised halo in full and doesn’t signify an optimised mining stock. Future research will assess which parts of the halo could also be selectively included primarily based on pit geometry, cut-off grade, mining selectivity, metallurgical efficiency and economics.
A conservative method has been utilized to the conceptual geological projection part. At Icon and Hurricane, solely 20% of the interpreted search-space past current drill management has been included within the Exploration Goal. At Thunderbolt, the place mineralisation is shallow, open and materially under-tested, 80% of the interpreted search-space has been included, reflecting the Firm’s present geological interpretation and the numerous untested potential of the camp. General, roughly 80% of the Glenburgh Exploration Goal is drill-constrained and supported by current drilling and interpreted mineralised wireframes, with the conceptual geological projection part representing roughly 20% of the overall goal.
The exploration goal doesn’t presently account for exploration upside exterior of the present granted 12km mining lease.
Thunderbolt, Icon and Hurricane Exploration Targets
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Hurricane Camp Exploration Goal
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Icon Camp Exploration Goal
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Thunderbolt Camp Exploration Goal
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Figures 1-4: Lengthy sections trying north of Glenburgh exploration goal areas.
Determine 5: Part view of Icon deposit (Icon camp). Viewing window +/-50m. Modelled grade shell wireframes guided by grade composites in leapfrog software program. Larger-grade (pink) and lower-grade(orange) domains have been separated utilizing nominal thresholds of roughly 0.5 g/t Au and 0.3 g/t Au respectively. 0.1g/t Au minimize off (gray)modelled however not utilized in exploration goal.
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Foundation of the Exploration Goal
The Exploration Goal is majority primarily based on exploration outcomes already obtained by Benz and prior explorers.
The Exploration Goal is predicated on exploration outcomes from 1,100 drillholes (diamond and reverse-circulation), totalling roughly 200,022 metres accomplished by Benz and prior explorers, along with the related logging, sampling and assay information as beforehand reported to the ASX. The strategies used for sampling, sub-sampling, assaying and high quality management are summarised in JORC Desk 1 (Sections 1 and a couple of), appended to this announcement.
Three-dimensional wireframe interpretations of the mineralised domains have been constructed in Leapfrog Geo from logged lithology and downhole gold assay composites and structural measurements.
Grade estimation
The decrease sure of every grade vary was derived from top-cut and spatially declustered assay composites, whereas the higher sure was derived from the equal uncooked, uncut and undeclustered composites. The usage of top-cut and declustered grades for the decrease sure gives a conservative foundation for the reported grade ranges. Larger-grade and lower-grade domains have been separated utilizing nominal camp-specific grade thresholds, reflecting variations in grade distribution and mineralisation model throughout the Glenburgh system. At Icon and Thunderbolt, higher-grade and lower-grade domains have been separated utilizing nominal thresholds of roughly 0.5 g/t Au and 0.3 g/t Au respectively. At Hurricane, higher-grade and lower-grade domains have been separated utilizing nominal thresholds of roughly 0.7 g/t Au and 0.3 g/t Au respectively.
Tonnage estimation
Tonnage ranges have been derived by making use of an approximate ±10% vary to the modelled mineralised wireframe volumes to replicate the conceptual nature of the Exploration Goal. Bulk densities of two.75 t/m³ for Hurricane and a couple of.68 t/m³ for Icon and Thunderbolt have been utilized, primarily based on accessible density measurements collected from drill core and/or consultant geological domains inside the Glenburgh drilling database.
Drill-constrained and conceptual projection elements
The drill-constrained elements comprise modelled volumes constrained by current drillhole intersections, at a present drill spacing of roughly 40m × 40m. The conceptual geological projection elements have been derived by projecting the modelled wireframes down-plunge and/or down-dip past the restrict of present drilling, making use of conversion elements of roughly 20% (Hurricane and Icon) and 80% (Torino) to the respective projection volumes. The projection elements are extrapolations of outcomes already obtained and will not be primarily based on any proposed exploration programme.
In accordance with the JORC Code (2012) and NI 43-101, the Firm confirms that the Exploration Goal, together with all elements, has been decided from exploration outcomes already obtained, and never from any proposed exploration programme. Infill and extensional drilling can be required to determine whether or not any a part of the Exploration Goal may be reported as a Mineral Useful resource.
Proposed Exploration to Take a look at the Exploration Goal
The Firm intends to undertake the next actions to check the Exploration Goal:
Infill drilling of the drill-constrained domains to a nominal spacing of roughly 25m × 25m to check grade and tonnage continuity and to assist conversion to a Mineral Useful resource estimate;
Extensional, step-out and down-plunge drilling to check the conceptual projection elements;
Additional metallurgical testwork constructing on the Icon outcomes reported on 17 June 2026; and
Up to date geological modelling, density dedication and Mineral Useful resource estimation.
These actions are anticipated to be undertaken over the subsequent 12 months.
Glenburgh Deposit Geology
The Glenburgh deposit geology is interpreted to comprise muddy pelitic sediments and mafic volcanic rocks metamorphosed to migmatites and amphibolites through the ca. 1990Ma Glenburgh Orogeny. Inside this package deal of rocks, an intensive sea ground or sub-sea ground alteration system is related to gold mineralisation.
The core of the mineralised envelope at Glenburgh is outlined by a folded sequence of metapelitic rocks interlayered with silica-rich gray chert bands, sulphide and oxide sedimentary iron formations, iron-rich grunerite bearing layers, and tungsten-rich and phosphate bands.
Recrystallisation of gold and different silicate minerals throughout granulite facies metamorphism is taken into account liable for the distinctive metallurgical recoveries reported on 17 June 2026.
Glenburgh – A New Frontier Gold District
The 100%-owned Glenburgh Gold Mission is quickly rising as a brand new frontier gold district with multi-million-ounce potential. Situated in Western Australia’s Gascoyne area, Glenburgh hosts an 18-20 kilometre mineralised hall anchored by the large-scale Icon-Apollo development and the high-grade Zone 126 system.
Glenburgh’s distinctive mixture of thick, bulk-style gold mineralisation (Icon-Apollo) and a number of high-grade underground lenses (Zone 126) positions it as a uncommon alternative within the Australian gold sector. With gold costs at report ranges, the power to develop each large-scale open pit and underground operations presents distinctive leverage and progress potential.
Determine 6: Geological overview of the Glenburgh Gold Mission.
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– END –
This announcement has been authorized for launch by the Board of Benz Mining Corp.
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ,OTC:BENZF) (ASX: BNZ) is a pure-play gold exploration firm dual-listed on the TSX Enterprise Change and Australian Securities Change. The Firm owns the Eastmain Gold Mission in Quebec, and the just lately acquired Glenburgh and Mt Egerton Gold Initiatives in Western Australia.
Benz’s key level of distinction lies in its crew’s deep geological experience and using superior geological methods, notably in high-metamorphic terrane exploration. The Firm goals to quickly develop its international useful resource base and solidify its place as a number one gold explorer throughout two of the world’s most prolific gold areas.
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For extra info, please go to: https://benzmining.com/.
Certified Particular person’s Assertion (NI 43-101)
The scientific and technical info on this announcement is predicated on, and pretty represents, info and supporting documentation compiled by Mr Mark Lynch-Staunton, a Member of the Australian Institute of Geoscientists (AIG) (Membership ID: 6918), and a Certified Particular person as outlined in NI 43-101. Mr Lynch-Staunton is the Chief Government Officer Benz Mining Corp.and has enough expertise that’s related to the model of mineralisation and kind of deposit into account, and to the exercise being undertaken, to qualify as a Competent Particular person as outlined within the 2012 Version of the Australasian Code for Reporting of Exploration Outcomes, Mineral Assets and Ore Reserves (the JORC Code). Mr Lynch-Staunton consents to the inclusion on this information launch of the issues primarily based on this info within the kind and context through which it seems. Mr Lynch-Staunton owns securities in Benz Mining Corp.
Ahead-Wanting Statements
This information launch comprises “forward-looking info” or “forward-looking statements” inside the that means of relevant securities laws (collectively, “forward-looking statements”). Ahead-looking statements are primarily based on the beliefs, expectations and opinions of administration as on the date of this information launch, are made as of the date of this information launch, and contain recognized and unknown dangers, uncertainties and different elements. Ahead-looking statements on this information launch embrace, however will not be restricted to, statements with respect to: (i) the character, scope and outcomes of the Firm’s exploration packages; (ii) the potential amount and grade of the Firm’s exploration targets; (iii) the potential for delineation of a Mineral Useful resource from the Exploration Goal; the timing and outcomes of future drilling, metallurgical testwork and geological modelling; the Firm’s plans, goals and expectations with respect to advancing its mineral properties; and the potential for future growth of its mineral properties. In sure instances, forward-looking statements may be recognized by means of phrases akin to “plans”, “expects”, “is predicted”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such phrases and phrases, or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” happen or be achieved. Ahead-looking statements regarding exploration targets are inherently speculative in nature.
Ahead-looking statements are topic to various dangers, uncertainties and assumptions, together with, however not restricted to: (i) dangers regarding the inherently unsure nature of mineral exploration and growth; (ii) uncertainty within the estimation of Mineral Assets and exploration targets; (iii) the chance that future exploration outcomes is not going to be in line with expectations; (iv) commodity value fluctuations; (v) adjustments on the whole financial and market situations; (vi) the Firm’s potential to acquire financing on acceptable phrases; (vii) dangers associated to allowing, environmental regulation and neighborhood relations; (viii) operational dangers in conducting exploration actions, together with climate, tools failure and entry points; and different dangers disclosed within the Firm’s steady disclosure filings accessible on SEDAR+.
Though the Firm believes that the assumptions and expectations mirrored in such forward-looking statements are cheap, no assurance may be provided that these assumptions will show to be appropriate, and precise outcomes might differ materially from these anticipated. Readers are cautioned to not place undue reliance on forward-looking statements.
The Exploration Goal is conceptual in nature; there was inadequate exploration to estimate a Mineral Useful resource and it’s unsure whether or not additional exploration will end result within the estimation of a Mineral Useful resource. Accordingly, there may be no assurance that the Exploration Goal can be realized or that future exploration will end in any Mineral Assets being recognized. The Firm doesn’t undertake to replace any forward-looking assertion besides as required by legislation.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Appendix 1: Detailed Breakdown of Exploration Goal
Hurricane Camp
Foundation Tonnes (Mt) Grade (g/t Au) Contained Gold (Moz) Excessive grade
Drill-constrained (data-driven) 25 – 28 2.50 – 2.72 2.0 – 2.5 Conceptual projection 6 – 7 2.50 – 2.72 0.5 – 0.6 Subtotal – excessive grade 31 – 35 2.50 – 2.72 2.5 – 3.0 Mineralised halo
Drill-constrained (data-driven) 166 – 184 0.37 – 0.39 2.0 – 2.3 Conceptual projection 40 – 44 0.37 – 0.39 0.5 – 0.6 Subtotal – mineralised halo 206 – 229 0.37 – 0.39 2.4 – 2.9 TOTAL – Hurricane 235 – 265 0.65 – 0.70 5.0 – 5.9
Icon
Foundation Tonnes (Mt) Grade (g/t Au) Contained Gold (Moz) Excessive grade
Drill-constrained (data-driven) 54 – 60 1.40 – 1.47 2.4 – 2.8 Conceptual projection 8 – 9 1.40 – 1.47 0.35 – 0.41 Subtotal – excessive grade 62 – 69 1.40 – 1.47 2.8 – 3.3 Mineralised halo
Drill-constrained (data-driven) 125 – 139 0.28 – 0.29 1.1 – 1.3 Conceptual projection 18 – 20 0.28 – 0.29 0.16 – 0.19 Subtotal – mineralised halo 143 – 159 0.28 – 0.29 1.3 – 1.5 TOTAL – Icon 205 – 230 0.62 – 0.65 4.1 – 4.7
Thunderbolt
Foundation Tonnes (Mt) Grade (g/t Au) Contained Gold (Moz) Excessive grade
Drill-constrained (data-driven) 3.07 – 3.41 1.40 – 1.55 0.1 – 0.2 Conceptual projection 16 – 17 1.40 – 1.55 0.7 – 0.9 Subtotal – excessive grade 19 – 21 1.40 – 1.55 0.8 – 1.0 Mineralised halo
Drill-constrained (data-driven) 4 – 5 0.28 – 0.31 0.04 – 0.05 Conceptual projection 21 – 24 0.28 – 0.31 0.19 – 0.24 Subtotal – mineralised halo 26 – 29 0.28 – 0.31 0.2 – 0.3 TOTAL – Thunderbolt 45 – 50 0.75 – 0.83 1.1 – 1.3
Glenburgh Exploration Goal – reconciliation by camp
Foundation Tonnes (Mt) Grade (g/t Au) Contained Gold (Moz) Hurricane 235 – 265 0.65 – 0.70 5.0 – 5.9 Icon 205 – 230 0.62 – 0.65 4.1 – 4.7 Thunderbolt 45 – 50 0.75 – 0.83 1.1 – 1.3 GLENBURGH EXPLORATION TARGET 485 – 540 0.65 – 0.69 10.1 – 12.0
Appendix 2: JORC Tables
JORC Code, 2012 Version – Desk 1 report template
Part 1 Sampling Strategies and Knowledge
(Standards on this part apply to all succeeding sections.)
Outcomes are a part of BNZ’s RC drilling marketing campaign on the just lately acquired Glenburgh Gold Mission located ~285 km east of Carnarvon by way of Gascoyne Junction, WA.
RC drilling samples have been collected as 1m single samples.
Every pattern collected represents each (1) metre drilled collected from the rig-mounted cone splitter into particular person calico baggage (~3kg).
The rig mounted cyclone/cone splitter was levelled at first of every gap to help a fair fall of the pattern by means of the cyclone into the cone splitter.
RC drilling pattern submissions embrace using licensed requirements (CRMs), and area duplicates have been added to the submitted pattern sequence to check laboratory tools calibrations. Requirements chosen are matched to the analytical technique of photon assaying at ALS labs in Perth (~500g models). No composites have been taken.
Primarily based on statistical evaluation of those outcomes, there isn’t a proof to recommend the samples will not be consultant.
Drilling methods
The RC drill rig was a Schramm C685 & T685 rig sort with the aptitude to succeed in >500m depths with a rig-mounted cyclone/cone splitter utilizing a face pattern hammer little bit of 5 1⁄2 – 6″ measurement.
The booster was used to use air to maintain drill holes dry and attain deeper depths.
Drill pattern restoration
RC pattern restoration is visually assessed and recorded the place considerably diminished. Negligible pattern loss has been recorded.
RC samples have been visually checked for restoration, moisture and contamination. A cyclone and cone splitter have been used to offer a uniform pattern, and these have been routinely cleaned.
RC Pattern recoveries are typically excessive. No vital pattern loss has been recorded.
Logging
RC chip samples have been geologically logged on a per 1 metre course of recording lithology, mineralisation, veining, alteration, and weathering.
Geological logging is taken into account acceptable for this model of deposit (metamorphosed orogenic gold). Your entire size of all holes has been geologically logged.
RC drill logging was accomplished by Benz Mining workers and information entered into BNZ’s MXDeposit digital information assortment platform supplied by Expedio.
All drill chips have been collected into 20 compartment-trays for future reference and saved securely at Glenburgh camp.
Sub-sampling methods and pattern preparation
RC chips have been cone cut up on the rig. Samples have been typically dry.
A pattern measurement of between 3 and 5 kg was collected. This measurement is taken into account acceptable, and consultant of the fabric being sampled given the width and continuity of the intersections, and the grain measurement of the fabric being collected.
For the 1 metre samples, licensed analytical requirements (acceptable for photon assaying) and area duplicates have been inserted at acceptable intervals at a fee equal to 1 in 20 and despatched for evaluation with the samples.
Pattern preparation was undertaken at ALS Laboratory – Perth. Gold evaluation utilised the photon assaying methodology the place unique samples are crushed to 90% higher than -3mm with a sub-set 500g separated for non-destructive evaluation.
Any pattern reporting as having elevated > 1µSv readings through the preparation for photon assaying at ALS labs have been flagged and have been submitted for hearth assay (Au-AA26) methodology at ALS labs in Perth as a quantifying examine towards the Photon assays.
High quality of assay information and laboratory take a look at
PhotonAssay at ALS Perth: Samples submitted for PhotonAssay evaluation have been dried, crushed to realize roughly 90% passing 3.15 mm, rotary cut up, and a nominal ~500 g sub-sample was collected (technique codes CRU-32a and SPL-32a). The ~500 g sub-sample was analysed for gold utilizing the PhotonAssay method (technique code Au-PA01), along with high quality management samples together with licensed reference supplies and area duplicates.
ALS PhotonAssay Evaluation Method: Developed by CSIRO in collaboration with Chrysos Company, PhotonAssay is a fast, chemical-free different to standard hearth assay that makes use of high-energy X-rays. The method is non-destructive and analyses a considerably bigger pattern mass than the usual 50 g hearth assay. ALS has extensively examined and validated the PhotonAssay technique, with outcomes benchmarked towards conventional hearth assay.
Routine mutli-element evaluation – 4 acid digest with ICP-MS end (technique code ME-MS61) and moveable XRF (technique code pXRF-NQ) has been accomplished down gap on a pulverize 500 g cut up to higher than 85% passing 75um (technique code PUL-32m) however this info doesn’t kind a part of this report.
Laboratory QA/QC is maintained by means of the routine use of inner licensed reference supplies and blanks as a part of commonplace in-house procedures. As well as, BNZ submitted an unbiased suite of licensed reference supplies (see above). These information are formally reviewed on a periodic foundation.
Verification of sampling and assaying
Important drill intersections are checked by the supervising personnel. The intersections are in comparison with recorded geology and neighbouring information and reviewed in Leapfrog and QGIS software program.
No twinned holes have been drilled so far by Benz Mining, however, deliberate holes have examined the interpreted mineralised tendencies, verifying the geometry of the mineralised targets.
All logs have been validated by the Mission Geologist previous to being despatched to the Database Administrator for import
No changes have been made to assay information other than values beneath the detection restrict that are assigned a worth of half the detection restrict (constructive quantity)
Location of knowledge factors
Gap collar coordinates together with RLs have been positioned by handheld GPS within the area throughout preliminary drill website preparation. Precise gap collars have been collected by a DGPS system on the Glenburgh Gold Mission.
The grid system used for the placement of all drill holes is GDA94_MGA _Zone 50s.
Deliberate gap coordinates and last GPS coordinates are in contrast in QGIS and Leapfrog challenge recordsdata to make sure all targets have been examined as supposed.
The drill string path is monitored as drilling progresses utilizing downhole Axis Champ Gyro instrument and in contrast towards the deliberate drill path, adjustment to the drilling method is requested as required to make sure the supposed path is adopted.
Readings have been recorded at 30m intervals from floor to finish of gap after Benz reviewed single shot verses EOH steady surveying of the Axis Champ Gyro instrument and famous >3 levels variance in azimuth with gap depth. The only photographs produce much less variability and are used for gap hint reporting within the database.
Historic drill gap surveys and strategies can be reviewed in preparation for any updates to MRE sooner or later.
Knowledge spacing and distribution
BNZ’s Glenburgh RC drilling has been designed to infill and lengthen mineralisation outlined by historic drilling. Drill spacings are assorted. Holes have been typically angled between -65 levels in the direction of ~145 levels.
The mineralised domains established for pre-BNZ Mineral Useful resource Estimates have enough continuity in each geology and grade to be thought of acceptable for the Mineral Useful resource and Ore Reserve estimation procedures and classification utilized below the 2012 JORC Code. Ongoing drilling can be sufficiently spaced for a reinterpretation primarily based on BNZ’s structural mannequin.
No pattern compositing of fabric from drilling has been utilized throughout this drilling marketing campaign.
Orientation of knowledge in relation to geological construction
Drilling has primarily been undertaken perpendicular to the interpreted mineralised buildings as said above.
No orientation-based sampling bias has been recognized – noticed intercepts so far point out the interpreted geology internet hosting mineralisation is strong.
Pattern safety
All samples have been ready within the area by Benz Mining workers and delivered by contracted couriers from the sector website to the ALS laboratory in Perth instantly.
Particular person pre-numbered calco pattern baggage are positioned in polywoven plastic baggage (5 per bag) secured on the prime with a cable tie. These baggage are annotated with the corporate identify and pattern numbers, the luggage are positioned in bigger bulker baggage for transport to ALS labs in Perth, additionally labelled with corresponding firm identify, drill gap and pattern identifiers.
Pattern pulps are saved in a dry, safe location at Benz’s Glenburgh camp.
Audits or opinions
Knowledge is validated by Benz workers and Geolytic database consultants as it’s entered into MXDeposit. Errors are returned to area workers for validation.
All drilled gap collars have been positioned with a DGPS.
There have been no audits undertaken.
Part 2 Reporting of Exploration Outcomes
(Standards listed within the previous part additionally apply to this part.)
Glenburgh Gold Mission is a gaggle of 10 tenements and a couple of functions. Nearly all of recognized gold deposits are positioned on Mining Lease M09/148.
The tenement is 100% owned by Benz Mining Restricted.
The tenements are in good standing and no recognized impediments exist.
Exploration completed by different events
Since Helix Assets in 1994 and subsequent work by Gascoyne Assets, about 159,149 soil samples, 1,349 vacuum holes and a couple of,285 auger holes have been accomplished at Glenburgh.
48 diamond holes, 398 RC holes, 6 air-core holes and 462 RAB holes have been drilled within the Glenburgh space to determine the distribution and consider the potential of the deposit.
Drilling so far has recognized 10 excessive potential deposits within the Glenburgh space that are: Tuxedo, Icon, Apollo, Mustang, Shelby, Hurricane, Zone 102, Zone 126, NE3 and NE4 deposits.
Geology
Gold mineralisation on the Glenburgh deposit is hosted in Paleoproterozoic upper-amphibolite to granulite facies siliciclastic rocks of the Glenburgh Terrane, within the southern Gascoyne Province of Western Australia.
Gold was first found on the Glenburgh deposit in 1994 by Helix Assets throughout follow-up drilling of soil geochemical anomalies. Mineralisation happens in shears inside quartz + feldspar + biotite ± garnet gneiss, which comprises discontinuous blocks or lenses of amphibolite and occasional skinny magnetite-bearing metamorphics, in all probability derived from chemical sediments.
Larger-grade mineralisation seems to be instantly associated to silica flooding within the gneiss. This silica flooding might give rise to quartz ‘veins’ as much as a number of metres thick, though scales of a number of centimetres to tens of centimetres are the norm. Neither the higher-grade silica lodes nor the extra pervasive lower-grade mineralisation reveals sharp or well-defined lithological contacts.
Drill gap Data
For this announcement, no new holes are being reported. 1,100 Reverse Circulation (RC) and DD drill holes which have beforehand been reported have been used within the preparation of an exploration goal
For earlier launched outcomes, see earlier bulletins by Gascoyne Assets (ASX: GCY) and Spartan Assets (ASX: SPR).
Knowledge aggregation strategies
No materials info has been excluded.
Low Grade: A nominal 0.3 ppm Au decrease minimize off has been utilized to with no inner dilution size utilized.
Excessive grade: A nominal 0.5 ppm Au decrease minimize off has been utilized to with as much as 5m inner dilution size utilized.
Larger grade Au intervals mendacity inside broader zones of Au mineralisation are reported as included intervals.
No prime cuts have been utilized to reported intercepts.
No metallic equal values have been used.
All reported assays have been size weighted if acceptable.
Some drill holes reported on this announcement have been beforehand disclosed primarily based on partial assay outcomes. Completion of excellent assays has resulted in up to date intercepts now being reported.
Relationship between mineralisation widths and intercept lengths
Drilling is usually oriented perpendicular to the interpreted strike of mineralisation, and intercepts are reported as downhole lengths until in any other case said.
To enhance understanding of true widths, a subset of holes on this program have been drilled from the other azimuth to earlier drilling to check structural geometry. Ongoing drilling and geological modelling are required to verify the true orientation and extent of mineralised lenses.
Diagrams Related diagrams are included within the report. Balanced reporting All significant information regarding the Exploration program has been included and reported to the market as assays are obtained. Different substantive exploration information See physique of announcement. Additional work
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