Benz Mining Advances Glenburgh Drilling After Capital Raise | ASX 200 Today

Highlights

• Benz Mining (ASX:BNZ) initiates a large-scale drilling program at Glenburgh Gold Project

• Focus expands to new mineralised zones and deeper underground targets

• Exploration efforts supported by recent capital raise to enhance resource base

Benz Mining (ASX:BNZ), part of the materials sector on the ASX 200 today, is advancing exploration efforts at its Glenburgh Gold Project in Western Australia. This move follows a successful capital raise, positioning the company to deepen and widen its drilling program across key zones within the project area.

Major Drilling Campaign Begins

The company has commenced an extensive reverse circulation drilling initiative at Glenburgh, aiming to uncover deeper mineralisation in existing high-grade areas. A primary focus of the program is Zone 126, where drilling will now test in a northeast plunge direction for the first time, diverging from the previously explored southwest orientation.

Historical drilling results from this zone have indicated high-grade intercepts at depth, prompting this new directional strategy. The company's approach aims to delineate extensions of known gold systems and enhance geological understanding of the zone.

Expansion Into Zone 102 and New Geological Targets

In parallel with Zone 126, Benz Mining is shifting exploration efforts in Zone 102 to a new plunge direction. Utilizing its proprietary exploration model, the company aims to define mineralisation trends that were previously untested.

Additionally, field-based geological mapping has outlined a third possible mineralised trend. Drilling will commence on this new target area to determine its characteristics and alignment with existing mineral systems.

Focus on the Icon Apollo-Shelby Trend

The Icon Apollo-Shelby trend has been identified as a priority area for systematic drilling. Previous work in this area has been limited to shallower depths. The upcoming program intends to explore between mid-level depths to evaluate the presence of mineral continuity in line with Zone 126's underground configuration.

This effort forms part of Benz Mining’s broader strategy to consolidate mineral resources across the Glenburgh project and progress its development pipeline.

Advancing Resource Definition Through Broader Exploration

The drilling activities are set to support the company's upcoming mineral resource estimate. Benz Mining is also initiating a soil sampling and gradient array induced polarisation campaign in greenfield areas of the Glenburgh tenure. This multi-pronged approach is designed to deliver a comprehensive understanding of regional mineralisation across both explored and unexplored zones.

With an existing mining lease and environmental clearance in place, the company sees the Glenburgh Gold Project as a key component of its broader exploration portfolio, which spans across Western Australia and Quebec.

Benz Mining (ASX:BNZ) currently maintains a presence in the materials sector on both the ASX and TSX-V indexes, with an expanding focus on gold resource development through technically driven exploration programs.