Benz Mining launches aggressive drilling campaign at Glenburgh gold project in WA

Vancouver-based Benz Mining (ASX: BNZ) has commenced a major drilling program aimed at expanding its Glenburgh gold project in Western Australia.

Fresh off a successful $13.5 million capital raise, the dual-listed gold explorer is targeting rapid resource growth and high-grade ounce additions by investigating an untested north-east plunge direction, guided by the company’s targeting model.

The company’s initial focus is on an area it believes holds the potential for significant high-grade discoveries, with the aim of extending the Zone 126 series of high-grade lenses.

High-grade potential

Chief executive officer Mark Lynch-Staunton said this area it will be focusing on holds the potential for significant high-grade discoveries.

“Benz is ambitiously targeting the growth of a multi-million ounce resource at the Glenburgh gold project and we truly believe we are sitting on district-scale gold potential,” Mr Lynch-Staunton said.

“Our aggressive drilling campaign is now underway and will continue until year-end, marking a major step in unlocking Glenburgh’s potential.”

‘Proven’ exploration model

Benz is leveraging its “proven” exploration model to compile a comprehensive understanding of Glenburgh’s gold mineralisation and fully assess its size potential.

“With Glenburgh’s advanced status — including a granted mining lease and clearing permit — we have an accelerated path to future production potential,” Mr Lynch-Staunton said.

Meanwhile, the company’s surface structural mapping continues to deliver promising new targets that it is incorporating into the ongoing exploration pipeline.

Benz is also planning to commence a regional soil sampling campaign targeting greenfield areas to unlock the district’s multi-million-ounce potential.

Structural interpretation

Drilling at Zone 126 in April intersected high-grade gold mineralisation in a position consistent with Benz’s structural interpretation for a third high-grade mineralised lens, returning 2 metres at 6.8 grams per tonne gold from 295m.

Benz is now planning a maiden investigation of Zone 102, which runs parallel to Zone 126.

Mr Lynch-Staunton said that, thanks to its similar geological setup to Zone 126, Zone 102 represents another compelling target.