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 [...]
HIGHLIGHTS Re-processing of FLEM identified a large conductor in the footwall of the existing resource at A Zone Last DHEM survey of historical hole in 2020 identified off-hole conductors 200m in the footwall of A Zone confirming FLEM modelled plate These conductors represent a potential 3rd trend to be tested in upcoming drill programs Exploration expected to restart in January with 50,000m drill program and additional [...]
HIGHLIGHTS Maiden 7,110m, 12-hole diamond drill program successfully completed at Eastmain Drilling targeted a combination of fixed-loop and borehole electromagnetic conductors identified in the recent geophysics campaigns 110 line-km FLEM survey identified multiple conductors along strike of the known Eastmain Mine mineralization and highlighted potential structural repeats and new parallel mineralized horizons BHEM in [...]
Benz Mining Corp. , is pleased to announce that it has lodged a Prospectus with the Australian Securities and Investments Commission in relation to its proposed dual listing on the Australian Securities Exchange . As previously announced on September 28, 2020, under the Prospectus, the Company will issue 4,000,000 shares at an issue price of A$0.50 per Offer Share for gross proceeds of A$2 million . The Offer is expected [...]
Benz Mining Corp. , is pleased to announce that it has closed its previously announced private placement of 14,857,142 flow-through units at $0.875 and 400,000 hard dollar units at $0.55 for aggregate gross proceeds of $13,219,999.25. Each FT Unit and HD Unit consists of one common share of the Company and 0.5 common share purchase warrant . Each whole Warrant will entitle the holder to acquire one common share of the [...]
Benz Mining Corp. , is pleased to announce that it has made a $250,000 payment, of which $150,000 was paid in cash and the balance by the issuance of 124,177 shares, to Fury Gold Mines Ltd. This payment is in accordance with the terms of the Option Agreement dated August 7, 2019, as amended on April 30, 2020 , between Benz and Eastmain Resources Inc. The shares will be subject to a four month hold period and acceptance of [...]
Benz Mining Corp. , announces that it has granted an aggregate of 3.9 million incentive stock options to certain directors, officers and consultants of Benz at an exercise price of $0.64 per share for a period of three years. The incentive stock options are governed by the terms of the Company's 10% rolling stock option plan and have been issued in accordance with the policies of the TSX Venture Exchange and are subject [...]
+1800,00 %
-50,00 %
