Benz Mining Corp. announces the appointment of Mr. Simon Sharp as Chief Financial Officer, effective October 1, 2021. Mr. Sharp, who is based in Montreal, is a member of the Institute of Chartered Accountants in England and Wales, and also Australia. He has over 25 years' experience in senior roles providing financial reporting and accounting services to numerous public companies both in Canada and Australia. He succeeds [...]
C$10 million raised with the issue of 9,090,909 shares Proceeds will be used to fund exploration at the Eastmain Project, Quebec Benz Mining Corp. is pleased to advise that has raised C$10 million from the placement of 9,090,909 shares at a price of C$1.10 per share which represents an 80% premium to the last closing price of Benz shares on the TSXV on 27 August 2021 of C$0.61. The Company was able to issue the Placement [...]
Benz Mining Corp. is pleased to announce that it has entered into a subscription agreement with Peartree Securities for the issuance of 9,090,909 common shares by way of private placement to be issued on a flow-through basis at a price of C$1.10 per share for gross proceeds of $10,000,000. The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian Exploration Expenses that are [...]
Regional exploration summer work confirms numerous mineral occurrences across Benz tenement package typical from Archean greenstone belts Outcropping lithium bearing pegmatite at Ruby Hill West with historic rock chips samples assay results from a 60m x 25m outcrop including: 4.72%Li2O, 1720 ppm Rb 2.15% Li2O, 990 ppm Rb 1.97% Li2O, 3660 ppm Rb 1.10% Li2O, 710 ppm Rb Outcropping copper-gold mineralization in the Placer [...]
HIGHLIGHTS Maiden broad spaced scout drilling into North West Zone has highlighted the potential for a new high grade gold shoot Assays for the first 17 holes of 2021 received - assay results include: 3.0m at 16.6g/t gold including 1.5m at 32.8g/t gold 7.8m at 8.7g/t gold including 1.0m at 32.6g/t gold 6.0m at 3.6g/t gold including 1.0m at 10.2g/t gold 3.0m at 5.2g/t gold including 1.0m at 15.0g/t gold 6.6m at 3.1g/t gold [...]
HIGHLIGHTS Reject samples from the 2020 drilling campaign have arrived at MinAnalytical in Perth, Western Australia for analysis by PhotonAssay Samples had been integrated in the laboratory schedule ahead of delivery to allow for immediate start at reception and analysis has started Whole rock analysis to be conducted capturing visible gold, observed in core and potentially not reflected in standard fire assays Historical [...]
HIGHLIGHTS FLEM identify multiple conductors 2.5km north of the Eastmain Mine at Placer Lake Conductors extend over strike length of approximately 2km and coincident with historical rock chip samples of 8.3g/t gold at surface and untested by drilling Total strike length of conductors exceeds 6km highlighting the potential scale of the district In excess of 130 FLEM and DHEM modelled conductors have been identified by Benz [...]
HIGHLIGHTS 2021 FLEM survey of Loop G identifies multiple conductors located 2 km to the east of historical resources of Eastmain Mine. Conductors currently being tested as part of Benz's 50,000m fully funded drill 2021 program. Visible gold observed in two holes in this area, collared 250m apart. E Zone represents another new discovery in an area that has never been previously drilled and is open in all directions. [...]
HIGHLIGHTS Second drill rig at Eastmain doubling drilling capacity at the project Multiple targets from the 2020 FLEM campaign and ongoing DHEM surveys Acquisition of two FLEM surveys completed - processing and interpretation imminent Shipping of samples to Australia underway after delays from COVID-19 and industrial action 40,000m of drilling budgeted for 2021 still to be undertaken First assays for 2021 drilling still [...]
HIGHLIGHTS 10 holes +4,000m of drilling completed since the beginning of 2021 Targeting FLEM and DHEM conductors identified in 2020 EM campaign Drilling confirmed the presence of a mineralized horizon below A Zone with strong visual mineralization intersected approximately 150m below the existing resource This target is approximately 2km along strike from D Zone that previously intersected Nisto Trend Strong off-hole DHEM [...]
Highly successful maiden scout drilling campaign returns individual assays up to 85.0g/t gold HIGHLIGHTS Assays for Benz's maiden 2020 drilling campaign received and processed Several high-grade intervals and individual assays values up to 85.0g/t Au Second new parallel trend identified with discovery hole EM20-132 drilled into a FLEM anomaly returning 5.0m at 8.3g/t Au including 3.0m at 13.7g/t Au Third trend below the [...]
HIGHLIGHTS First rig arrived on site on 13 January and is now drilling First target of 2021 drill season is the newly identified footwall conductors Numerous untested conductors from the 2020 EM campaign to be drilled in priority FLEM underway covering 3km of potential strike extent of two trends with 2.13g/t Au rock chip sample at surface and 1m at 6.3g/t Au in an isolated shallow historical drillhole Additional VTEM [...]
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