Benz Announces that Icon Delivers Shallow High-Grade Discovery as Large-Scale System Continues to Grow
Executive Summary
- Benz Mining reported a series of high‑grade intercepts from infill drilling at the Icon trend, including 13 m @ 29.0 g/t Au, 9 m @ 28.0 g/t Au and 17 m @ 11.0 g/t Au, highlighting an emerging ultra‑high‑grade shallow lens.
- Step‑out drilling at the Tuxedo trend extended mineralisation >200 m down‑dip, with notable intercepts such as 28 m @ 2.5 g/t Au and 35 m @ 1.0 g/t Au, confirming a broad, continuous bulk‑tonnage system.
- The company now has >3 km of strike defined (≈30 % tested) and plans systematic 2026 Q1 drilling to delineate a single large open‑pit resource, underscoring the potential for a multi‑million‑ounce gold district.
Key Details
- High‑Grade Icon Infill Intercepts
- Hole 25GLR232: 13 m @ 29.0 g/t Au from 60 m depth.
- Hole 25GLR190: 9 m @ 28.0 g/t Au from 84 m depth.
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Hole 25GLR237: 17 m @ 11.0 g/t Au from 55 m depth.
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Bulk‑Tonnage Icon Intercepts (moderate grade, large width)
- 200 m @ 1.0 t Au from 76 m (hole 25GLR062).
- 71 m @ 0.8 g/t Au from 202 m (hole 25GLR050).
- 60 m @ 1.0 t Au from 240 m (hole 25GLR054).
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53 m @ 1.0 t Au from 424 m (hole 25GLR091).
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Tuxedo Step‑Out Intercepts
- Hole 25GLR115: 28 m @ 2.52 g/t Au (includes 8 m @ 5.56 g/t and 11 m @ 2.06 g/t).
- Hole 25GLR133: 35 m @ 1.0 g/t Au (includes 3 m @ 3.01 g/t).
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Additional high‑grade zones: 21 m @ 1.34 g/t Au, 17 m @ 11.73 g/t Au, etc.
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Overall Trend Scale
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400 m wide mineralised corridor combining Icon and Tuxedo.
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3 km of strike identified; only ~30 % tested to date.
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Future Drilling Program (2026 Q1)
- Systematic step‑out along strike and down‑dip to depths of 300–500 m.
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Goal: define a single, large‑scale open‑pit gold system and improve continuity of high‑grade lenses.
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CEO Comment (Mark Lynch‑Staunton) – Emphasised the emergence of a “large, coherent mineralised system with genuine scale,” the significance of the >200 m down‑dip extension at Tuxedo, and the potential for a multi‑million‑ounce resource.
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Technical Information
- 104 RC drill holes reported; collars provided in Appendix 1.
- Assays performed by ALS Laboratory (Perth) using PhotonAssay and fire‑assay verification where required.
- JORC Code 2012 compliance noted throughout the release.
Notable Quotes
“Results from the latest drilling at Icon and Tuxedo continue to reinforce our view that this is a large, coherent mineralised system with genuine scale.” – Mark Lynch‑Staunton, CEO, Benz Mining Corp.
All non‑material boilerplate, forward‑looking statements, and disclaimer text have been omitted for clarity.