Northwire Canada EditionMonday, August 31, 2026
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GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7% GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7%
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Benz Confirms Free Milling Gold with High Recoveries at Icon

Benz advances its validated metallurgy project with high-grade intersections of 12.3 g/t gold over 4.5 metres, highlighting strong potential at the deposit.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 20:44 BZ · 1.81 Benz Mining Corp.
Executive Summary
  • Benz Mining Corp. released preliminary cyanidation testwork results from the Icon camp at its Glenburgh Gold Project, confirming high gold extraction rates across multiple grade profiles.
  • Higher-grade core material (~2 g/t Au) achieved ~95.5% extraction within 24 hours, while mid-grade (~0.6 g/t Au) and mineralised halo (~0.2 g/t Au) material showed ~91% and ~89% extraction, respectively.
  • Leach kinetics are rapid (8–24 hours) with low cyanide consumption (0.18–0.22 kg/t NaCN). Samples were ground to P80 75 µm using a conventional gravity-concentration and cyanide-leach flowsheet.
  • Management emphasizes that results are preliminary laboratory-scale and do not represent plant-scale recovery.
  • Concurrently, the company is ramping up exploration to 12 RC drill shifts across Hurricane, Icon, and Thunderbolt camps, with a diamond rig mobilized for geotechnical and metallurgical programs.
  • The low-grade halo (0.1–0.3 g/t Au) may qualify as mill feed rather than waste, potentially lowering future strip ratios and improving open-pit economics.
  • This follows a heavily funded 2026 exploration program (>250,000m planned) and a series of high-grade discoveries across the Glenburgh corridor.
Material Impact
  • The metallurgical results are positive but incremental. They validate the open-pit potential and confirm that lower-grade halo material can contribute to recoverable ounces, which aligns with management’s prior guidance on bulk-tonnage economics.
  • The news does not introduce a new resource estimate, financing, or operational milestone. It is a logical follow-up to the >250,000m drilling campaign and the A$75M financing closed in February 2026.
  • Given the preliminary lab-scale nature and the fact that the market has already priced in the exploration success (stock rallied from ~$0.40 to $3.25 over the past year), this release is expected and routine. It reinforces project viability but does not materially alter the investment thesis or valuation.
BZ · Price
Company Overview
  • Benz Mining Corp. is a gold exploration and development company focused on Western Australia and Quebec.
  • Flagship project: Glenburgh Gold Project, located in the Gascoyne region of Western Australia. The project spans an 18–20 km mineralised corridor with a 12 km granted Mining Lease (M09/148).
  • The lease is divided into three camps: Hurricane (high-grade), Icon (bulk-tonnage), and Thunderbolt (maiden drilling).
  • Historical resource (as of Dec 2024): 16.3 Mt @ 1.0 g/t Au (~510,100 oz).
  • Mt Egerton Gold Project (~220 km NW of Meekatharra) hosts the historical Hibernian Mine and a defined resource of 1.0 Mt @ 9.0 g/t Au.
  • Eastmain Gold Project (Quebec) holds a defined resource with substantial extensional potential.
  • Stage: Advanced exploration. Clearing permits, access roads, and water licenses are in place. Native title agreements are secured.
Read the original news release →

More from Benz Mining Corp.

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 Jun 23, 2026 · 22:45

Benz Mining identified a 10+ million ounce conceptual target at its Glenburgh project, with resource definition planned for calendar year 2027.

Drill Results