Benz Mining Advances Glenburgh Gold Potential with Strong Drill Results

June 30, 2025 12:56 PM AEST | By Team Kalkine Media

Benz Mining Advances Glenburgh Gold Potential with Strong Drill Results — Image source: Shutterstock

Thick and High-Grade Intercepts Confirm Continuity

A key outcome from the latest campaign includes a standout intercept of 215 metres at 0.25 grams per tonne (g/t) gold from 254m depth, including a higher-grade section of 4m at 2.6g/t. Additional results featured 39m at 5.1g/t gold from 319m and 10m at 12.9g/t gold from 299m, highlighting both grade and vertical consistency.

The drilling was designed to test the gap between Zone 126 and Zone 102. Benz has also applied scissor drilling techniques to better define the true widths of these mineralised zones. Both the known gold-bearing lenses remain open at depth, and testing of strike extensions is currently ongoing.

Targeting New Gold Zones with Expanded Exploration

To complement the drilling, Benz is employing regional soil sampling and a gradient array induced polarisation (GAIP) survey to identify new drill targets across underexplored greenfield areas. This integrated approach is helping construct a more accurate geological model of the Glenburgh system for the first time.

In May, the company initiated an ambitious 30,000m drilling program, supported by a $13.5 million capital injection. The focus has been on testing uncharted north-east plunges at Zone 126, an area historically underexplored. The program will soon expand to target Zone 102 and other high-priority zones along the trend.

Strategic Acquisition Bolsters Asset Portfolio

Earlier this year, Benz completed the acquisition of Glenburgh and Mt Egerton gold projects from Spartan Resources (ASX:SPR) for $15.6 million. The move aligns with Benz’s broader exploration strategy and strengthens its footprint in the region. Spartan retains a 15% strategic interest in Benz, reflecting collaborative intent in unlocking the value of these gold assets.

While Benz Mining is not currently listed among ASX 200 stock companies, its aggressive exploration campaign and encouraging geological data position it as one to watch within Australia’s gold sector.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.