Benz Mining Corp. is pleased to announce the results of the Company's Annual General and Special Meeting of Shareholders held on December 14, 2022 in Perth, Western Australia. At the Meeting, the following directors were re-elected: Evan Cranston, Mathew O'Hara, Nicholas Tintor and Peter Williams. In addition, shareholders of the Company approved [...]
HIGHLIGHTS 12 new pegmatite rich areas associated with greenstone/granite boundaries identified and 45 rock chips samples collected during recent field campaigns 129 additional claims acquired expanding the existing tenement package, adding 20km of additional granite/greenstone contact strike for a total of 90km of contact Pegmatites at Ruby Hill [...]
Benz Mining Corp. is pleased to advise that, further to its news release issued on September 6, 2022, it has successfully completed a private placement of 16,434,000 common shares in the capital of the Company, consisting of 7,929,317 charity flow-through common shares and 3,945,813 flow through common shares , and 4,558,870 non-flow-through common [...]
HIGHLIGHTS C$11.9 million raised to accelerate critical mineral and gold exploration on emerging greenstone belt Offer conducted at an average price of ~C$0.73 representing a 65% premium to Benz's last traded share price as of Thursday, 1 September Exploration to commence immediately initially targeting critical metal mineralization New Mineral [...]
HIGHLIGHTS High grade intercept from near surface in last drillhole of the April 2022 campaign Assays for RHW22-006 returned: 26.4m at 1.01% Li2O, 355ppm Ta2O5, 980ppm Cs, 1601ppm Rb2O from 7.4m; including 12.7m at 1.29% Li2O, 423ppm Ta2O5, 1160ppm Rb2O, 600ppm Cs; and 3.7m at 2.61% Li2O, 579ppm Ta2O5, 1061ppm Rb2O, 441ppm Cs Very high-grade with [...]
HIGHLIGHTS Hole EM22-272 intercepted shallow chalcopyrite mineralisation at Michel prospect Michel prospect is approximately 5km from the current resource and exploration target Drilling targeted a combination of FLEM conductors and DHEM conductors from last winter's 2021 ground FLEM survey Historical holes at Michel did not intercept Benz's [...]
HIGHLIGHTS Results for remaining diamond holes from 2021 exploration campaign received Assays return high-grade gold from all zones of the Eastmain system identified to date Best intercepts include: 1.0m at 365.5g/t gold from 81.0m 6.6m at 9.8g/t gold from 643.9m including 1.1m at 36.7g/t gold 6.2m at 9.7g/t gold from 674.3m including 1.0m at [...]
HIGHLIGHTS Ground FLEM survey over a small portion of the Southern Anomalies identified three main trends of strong conductivity associated with over 40 modeled EM plates targeting gold mineralization similar to the Eastmain system Drilling of 13 holes confirmed the presence of sulphides associated with all conductors Mineralized altered [...]
HIGHLIGHTS Drilling program at RHW complete with 6 holes drilled for 1,176m Strong visual intercept of 31.3m of spodumene bearing pegmatite from 3.4m in hole RHW22-006 Multiple pegmatites dykes over 200m strike show a possible dyke swarm at Ruby Hill West and confirm the discovery of a new mineral system Drilling targeted spodumene bearing [...]
HIGHLIGHTS Multiple geochemical anomalies identified in 2021 soils sampling Large 3.5km x 2km Cs-Li-Nb-Ta anomaly identified prospective for Lithium-Caesium-Tantalum systems at Ruby Hill East complements the lithium prospectivity of the Upper Eastmain Greenstone belt 3km x 2km Co-Cr-Cu-Ni at Ruby Hill East, coincident with interpreted ultramafic [...]
HIGHLIGHTS First electromagnetic conductors drilled at Placer Lake target return sulphides with quartz veins Electromagnetic conductors spread over 2km of strike of the greenstone belt Systematic testing of all 18 modelled conductors at Placer Lake underway Historical rock sample from the area returned 8.3g/t gold and 2.7% copper Placer Lake is [...]
HIGHLIGHTS Mineralised Mine Horizon intercepted between 936.3m to 970.5m Visible gold observed at 942.6m Electromagnetics targeting allowed for wide +100m spaced step-outs drill holes D Zone mineralisation has now been identified over 1,400m downdip / plunge starting near surface and extending to 885.0m vertical depth Geological continuity of the [...]