Benz Mining (ASX:BNZ) is beginning a 30,000m reverse circulation drilling program at the Glenburgh Gold Project following its $13.5 million capital raise.
This program will test the northeast plunge direction of Zone 126 in hopes of expanding discoveries across the area to unlock substantial resource growth.
Previous results from this trend include 11m at 19.9 grams per tonne gold from 274m, 5m at 10.2g/t gold from 222m, and 4m at 12.2g/t gold from 319m.
Parallel to this trend, Zone 102 will be drilled using the Benz exploration model, targeting for the first time down the northeast plunge direction rather than previous exploration focused to the southwest.
The company will also drill for a potential third mineralised trend identified in geological mapping.
Additionally, systematic drilling will begin at the Icon Apollo-Shelby trend to test mineralisation for untapped potential. Benz hopes that by drilling to a depth of 200m to 300m, the trend will offer an increased resource base that aligns with the underground potential of Zone 126.
Programs across the Glenburgh Gold Project are expected to increase an upcoming mineral resource estimate.
The company will also conduct a soil sampling and gradient array induced polarisation campaign to target greenfield areas.
CEO Mark Lynch-Staunton says by targeting these areas within the Glenburgh Gold Project, the company is hoping to expand resources and unlock the project’s potential.
“We are pioneering a comprehensive understanding of Glenburgh’s gold mineralisation, leveraging our proven exploration model to fully assess its size potential,” Lynch-Staunton says.
“With Glenburgh’s advanced status — including a granted mining lease and clearing permit — we have an accelerated path to future production potential.”
Benz Mining, which has a market capitalisation of $88.46 million, is an exploration company focused on the development of gold across its portfolio of projects in Quebec and Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Benz Mining
