Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Benz Announces Widespread Tungsten Mineralisation Across the Glenburgh Gold System

Benz Mining’s tungsten find adds a potential by‑product lever, but gold remains the primary prize at Glenburgh.

By The Northwire Desk — AI Analysis May 18, 2026 · 22:45 BZ · 2.18 Benz Mining Corp.
Executive Summary
  • The most recent release (May 18 2026) confirms widespread tungsten (scheelite‑ferberite) mineralisation coincident with high‑grade gold across the 12 km Glenburgh corridor.
  • Notable gold intercepts include 79 m @ 4.4 g/t Au (hole 25GLR023), 25 m @ 10 g/t Au (hole 26HZ002) and 44 m @ 4.6 g/t Au (hole 25GLR070); internal tungsten intervals run up to 26 m @ 0.24% WO₃ and 33 m @ 0.1% WO₃.
  • Mineralogy indicates coarse scheelite amenable to simple gravity recovery; metallurgical testwork has started.
  • Drilling has been ramped to 12 RC shifts and a diamond rig mobilised for geotechnical/orebody studies.

Earlier news shows rapid progression: a series of high‑grade gold discoveries at Zone 126 and the Icon‑Tuxedo trends, culminating in a >250,000 m drill program for 2026, funded by a A$75 million bought deal (February 2026). The Mt Egerton project also yielded an ultra‑high‑grade hit (7 m @ 223 g/t Au).

Material Impact
  • The tungsten announcement is positive but incremental—it confirms a by‑product that could enhance overall project economics, yet it is early stage (no resource, no recovery testwork completed).
  • The gold intercepts reported alongside are impressive but are largely in line with the high‑grade pattern established by prior holes at Zone 126 and the Hurricane trend (e.g., 25 m @ 10.2 g/t Au in April 2026).
  • The market had already priced a substantial exploration success: the stock rose from ~A$0.33 in May 2025 to a high of A$3.25 in February 2026 before settling around A$2.00–2.20. The latest news does not add a game‑changing dimension.
  • No new financing, no resource upgrade, and no maiden resource inclusion for tungsten. Thus, the news does not re‑rate the stock materially beyond maintaining the exploration momentum.

Conclusion: Routine – Positive.

BZ · Price
Company Overview
  • Benz Mining Corp. controls 100% of the Glenburgh Gold Project in Western Australia, a granted mining lease with multi‑camp gold mineralisation (Hurricane, Icon, Thunderbolt).
  • The project hosts a historical resource of 16.3 Mt @ 1.0 g/t Au (~510 koz) and a higher‑grade underground system at Zone 126. Drilling since mid‑2025 has repeatedly delivered thick, high‑grade intercepts.
  • Secondary assets: Mt Egerton (also WA, ultra‑high‑grade discovery) and the Eastmain/Ruby Hill properties in Quebec (passive valuation).
  • The company’s strategy is to grow a multi‑million‑ounce resource and advance towards a low‑cost, +100 koz pa production profile.
Read the original news release →

More from Benz Mining Corp.

Oct 18, 2026 · 22:40

Benz confirms its best hole is half the grade of its August anchor, representing roughly fifty percent of that earlier intercept.

Drill Results Aug 30, 2026 · 22:30

Benz closes a a$150m placement at market price to fund aggressive drilling at its Glenburgh project.

Financings Aug 23, 2026 · 19:30

Benz allocates a$150m to a 450km drill campaign targeting a h1 2027 resource definition.

Financings Aug 02, 2026 · 22:32

Benz infill hits multiple hinge zones with thick high-grade intersections confirming continuity at the project.

Drill Results Jun 29, 2026 · 21:17

Benz’s Hurricane Camp project reveals thick high-grade gold intersections, opening a new down-plunge frontier for the deposit.

Drill Results Jun 28, 2026 · 22:45

Benz confirms thick high-grade hits at Icon camp, extending the Apollo trend and keeping its maiden resource track on course.

Drill Results