Announcement • Jun 30
Benz Mining Corp Reports New Gold Assay Results From Ongoing Drilling At Hurricane Camp
Benz Mining Corp. reported new gold assay results from ongoing drilling at the Hurricane Camp, part of its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia. Latest Hurricane camp drilling continues to validate, connect and extend the modelled wireframes underpinning Benz's recently released Glenburgh Exploration Target and advance the drill-supported target toward maiden Mineral Resource definition. Significant shallow, high-grade mineralisation discovered between Zone 126 and Zone 102, linking the two deposits for the first time, materially expanding the Hurricane Camp and highlighting the potential for a substantial open-pit opportunity across the broader Hurricane trend. Highlights include: 70m at 2.9 g/t Au from 214m, including 37m at 5.2 g/t Au (26HZ135), 56m at 1.6 g/t Au from 162m, including 17m at 3.6 g/t Au (26HZ125), 49m at 1.7 g/t Au from 336m, including 23m at 3.2 g/t Au (26HZ131). Hurricane trend continues to significantly grow along newly discovered NE plunge corridor: 14m at 8.9 g/t Au from 383m, including 5m at 24.2 g/t Au (26HZ105), 86m at 1.0 g/t Au from 359m, including 37m at 1.4 g/t Au (26HZ097), 64m at 1.4 g/t Au from 441m, including 12m at 5.0 g/t Au (26HZ147). Z126 Trend: High grade lenses are now linking and adding volume into a larger more continuous gold bearing trend: 79m at 2.8 g/t Au from 499m, including 38m at 5.0 g/t Au (26HZ145), 27m at 6.4 g/t Au from 432m (26HZ145), 20m at 6.3 g/t Au from 160m, including 8m at 14.7 g/t Au (26HZ059). Major 400m down-plunge step-out opens a major new underground growth opportunity at Hurricane: First pass drilling more than 400m down plunge of Zone 126 has intersected the mineralised system in line with Benz's down-plunge projection, potentially doubling the Hurricane search space. First-pass drilling more than 400m down plunge of Zone 126 has opened a major new growth opportunity at Hurricane, confirming the mineralised system continues well beyond the current drilled area and beneath a ~6km gold-in-soil anomaly. With 2m at 6.4 g/t Au returned from hole 26HZ163, including 1m at 11.9 g/t Au, this hole is interpreted to have clipped the margin of the prospective corridor in line with Benz's down-plunge projection. This provides a clear vector to drill deeper into the core of the target zone, with follow-up drilling planned immediately. This down-plunge opportunity is not included in the current Glenburgh Exploration Target and highlights substantial underground growth potential along the untested 6km trend. The Hurricane Camp is a major component of the Glenburgh Exploration Target and represents the highest-grade camp in the project, contributing a high-grade core of 31-35 Mt at 2.50-2.72 g/t Au for 2.5-3.0 Moz within the broader Glenburgh higher-grade domain Exploration Target of 110-125 Mt at 1.7-1.8 g/t Au for 6.1-7.3 Moz. Approximately 80% of the Exploration Target is already drill-defined, assay-supported and wireframed. The current systematic fence-line drilling at Hurricane continues to support the target wireframes, improve connectivity, add mineralised volume and define high-grade zones as Benz advances toward maiden Mineral Resource definition. Drilling at Hurricane is ongoing and will remain focused on two clear objectives: convert the drill-supported Exploration Target and grow the system beyond the current target area. Benz will continue to flesh out the Zone 126 high-grade trend, which remains open along strike and at depth, while infill drilling advances the drill-defined domains toward maiden Mineral Resource spacing. At the same time, the Company will immediately follow up the new 400m down-plunge opportunity, where first pass drilling has confirmed the mineralised system continues well beyond the current drilled area. This combination of infill drilling in proven ground and step-out drilling into new ground is designed to increase confidence, add scale and support conversion of the Glenburgh Exploration Target into a maiden Mineral Resource in calendar year 2027. The Glenburgh deposit geology is interpreted to comprise muddy pelitic sediments and mafic volcanic rocks metamorphosed to migmatites and amphibolites during the ca. 1990Ma Glenburgh Orogeny. Within this package of rocks, an extensive sea floor or sub-sea floor alteration system is associated with gold mineralisation. The core of the mineralised envelope at Glenburgh is defined by a folded sequence of metapelitic rocks interlayered with silica-rich grey chert bands, sulphide and oxide sedimentary iron formations, iron-rich grunerite bearing layers, and tungsten-rich and phosphate bands. Recrystallisation of gold and other silicate minerals during granulite facies metamorphism is considered responsible for the exceptional metallurgical recoveries reported in the announcement dated 17 June 2026. The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-million-ounce potential. Glenburgh hosts an 18-20 kilometre mineralised corridor anchored by the large-scale Icon-Apollo trend and the high-grade Zone 126 system. Glenburgh's unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector. The Glenburgh Exploration Target by deposit and grade domain for Hurricane Camp is as follows: Thunderbolt 45 - 50 Mt at 0.75 - 0.83 g/t Au for 1.1 - 1.3 Moz. GLENBURGH EXPLORATION TARGET 485 - 540 Mt at 0.65 - 0.69 g/t Au for 10.1 - 12.0 Moz. For this announcement, 89 RC holes are being reported. High grade Intercepts: A nominal 0.7 g/t Au lower cut off has been applied to results including up to a 5m limit on internal dilution unless otherwise stated. A minimum composite length of 2m is applied. Bulk Intercepts: A nominal 0.3 g/t Au lower cut off has been applied to results including up to a 10m limit on internal dilution unless otherwise stated. Short high-grade composites greater than 1.5 gram metres are included, otherwise a minimum composite length of 2m is applied. Assays for the remainder of the programme will be reported once received and validated. Ongoing drilling across the Glenburgh camp to extend mineralisation along strike and at depth.
