Zone 126’s Multi-Lens System Opens New Exploration Risks and Rewards for Benz

Zone 126, From Single Shoot to Multi-Lens Gold System

Benz Mining Corp (ASX, BNZ) has delivered another compelling update from its Glenburgh Gold Project in Western Australia, reinforcing Zone 126 as a standout underground growth opportunity. Recent drilling results have extended the Third Lens, revealing thick, high-grade gold mineralisation including a notable intercept of 44 metres at 4.6 grams per tonne (g/t) gold starting from 475 metres depth. This intercept is part of a broader 103-metre zone averaging 2.3g/t gold, underscoring the bulk underground potential of the system.

What was once considered a single high-grade shoot is now understood as a multi-lens system stretching over a kilometre in strike length. Each of the three identified lenses remains open at depth, suggesting ample room for further resource expansion. Benz’s structural targeting model, which relies on detailed surface mapping and geological interpretation, has successfully predicted the locations of these lenses and identified two additional potential lenses along strike that remain untested.

Validating Exploration Strategy and Accelerating Drilling

The company’s exploration approach has been validated by these results, with the structural model guiding drilling to high-conviction targets. Benz is aggressively advancing its drilling program with three rigs currently operating at Zone 126 and a fourth rig expected to arrive shortly. This expanded drilling capacity aims to test the newly identified lenses 4 and 5, as well as extend the known mineralisation at lenses 1 through 3.

Beyond Zone 126, Benz is also focusing on the broader Glenburgh corridor, which spans 18 kilometres and includes the large-scale Icon-Apollo trend known for thick, bulk-style gold mineralisation. Two rigs are actively drilling this trend, with a fourth rig soon to commence exploration of new targets along the corridor. This multi-pronged drilling effort is fully funded, reflecting Benz’s commitment to rapidly advancing the project.

Glenburgh, A Rare Blend of Scale and Grade

The Glenburgh Gold Project is emerging as a rare and compelling gold district. It combines thick, bulk-style mineralisation suitable for open-pit mining with multiple high-grade underground lenses like Zone 126. This dual style of mineralisation offers Benz significant operational flexibility and leverage to gold price movements, which remain near record highs.

Currently, Glenburgh hosts a Mineral Resource Estimate of approximately 510,000 ounces of gold, with ongoing drilling expected to add to this base. Benz’s CEO, Mark Lynch-Staunton, highlighted the significance of the latest results, emphasizing the system’s thickness and scale and the company’s confidence in its structural targeting model. He noted that Zone 126 represents less than one-third of the known mineralised corridor, hinting at substantial upside potential.

As drilling continues, Benz is poised to refine its geological understanding and potentially expand the resource base significantly. The company’s methodical approach, combining advanced geological techniques with aggressive drilling, positions it well to unlock the full value of Glenburgh.