en.Wedoany.com Reported - Benz Mining (ASX:BNZ) has released the latest drilling results, which continue to support the underlying framework model of its Glenburgh Gold Project exploration target, as the company progresses on schedule toward its first mineral resource estimate.
The latest drilling at the Icon camp intersected 27 meters at 15.33 grams per tonne gold from 229 meters depth in hole 26CN029, which extended from Icon into the adjacent Apollo zone and opened a new high-grade mineralized position along the Icon-Apollo trend. Other notable drilling results include: 52 meters at 1.50 grams per tonne gold from 47 meters depth; 59 meters at 2.47 grams per tonne gold from 288 meters depth; and 88 meters at 1.87 grams per tonne gold from 103 meters depth.
Chief Executive Officer Mark Lynch-Staunton said the drilling work continues to validate the geological model, reinforcing confidence in the continuity of the mineralized system. He noted that the more drilling conducted at the Icon camp, the more discoveries are made, and the greater the confidence built. Every completed drill section supports the underlying framework model of the exploration target, and in multiple areas, these models have been expanded, increasing mineralized volume and improving continuity while expanding high-grade zones across the entire Icon camp. Lynch-Staunton added that the Icon project remains firmly on track, the model holds up, high-grade zones are expanding, and drilling results continue to support the exploration target as the company moves the drill-supported framework model toward the first resource estimate.
As previously reported, Benz recently announced the first exploration target for the Glenburgh Gold Project: 485 million to 540 million tonnes at 0.6 grams per tonne to 0.7 grams per tonne gold, corresponding to 10.1 million to 12.0 million ounces of gold. Approximately 80% of this exploration target has been defined by drilling, supported by assays, and established within a framework model.
The company is currently advancing the Glenburgh project on two fronts: accelerating systematic drilling at the Icon, Hurricane, and Thunderbolt camps, while progressing pre-development work streams required to support future studies. Benz is conducting metallurgical testing, process flow assessment, geotechnical engineering, hydrogeology, environmental baseline, infrastructure, and permitting-related work. The Glenburgh Gold Project, located in the Gascoyne region of Western Australia, is 100% owned and features an 18 to 20-kilometer-long mineralized corridor centered on the Icon-Apollo trend and the 126 system. Benz Mining is a pure gold exploration company with assets in Western Australia and Canada.
