Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Benz Announces Acceleration of Glenburgh Growth Story: >250,000m Drilling Planned in 2026

By The Northwire Desk — AI Analysis Feb 16, 2026 · 22:42 BZ · 3.11 Benz Mining Corp.
BZ · Price

Executive Summary

  • Benz Mining Corp. announces it is fully funded (A$94 M pro‑forma cash) to execute >250,000 m of drilling at the Glenburgh Gold Project in 2026.
  • The project’s mining lease has been re‑defined into three distinct gold camps—Hurricane, Icon and newly identified Thunderbolt—each large enough to support a standalone gold operation.
  • A comprehensive 2026 exploration program will target high‑grade growth (Hurricane), bulk‑tonnage scale testing (Icon) and first‑pass drilling of the underexplored Thunderbolt camp, alongside regional soil, gravity and geochemical surveys across the ~80 km district trend.

Key Details

  • Funding: A$94 million pro‑forma cash after a recent A$75 million bought‑deal financing.
  • Drilling Plan 2026: >250,000 m of drilling across all three camps (Hurricane, Icon, Thunderbolt).
  • Hurricane Camp: Step‑out drilling along Zone 126 high‑grade trend; test Hurricane target and NE3 for next high‑grade breakthrough.
  • Icon Camp: Systematic step‑out drilling over >3 km Icon trend to depths of ~300–500 m to expand bulk‑tonnage continuity.
  • Thunderbolt Camp: First‑pass drilling to ~500 m depth; aims to prove geological analogy with Hurricane and Icon camps.
  • Regional Exploration (2026):
  • Soil sampling over parts of the 80 km district trend.
  • Extended ground gravity survey planned (following a successful 6 km trial in 2025).
  • Geological Advances: 2025 surface mapping resolved Glenburgh into three major fold‑controlled gold camps; mining lease now reflects this structure.
  • Scoping‑Level Work: Diamond rig mobilised for metallurgical, geotechnical and orebody studies to evaluate development pathways.
  • Resource Definition Planning: Detailed planning underway for a H2 2026 infill program targeting high‑grade ounces and resource growth; close‑spaced drilling has already identified missed high‑grade intercepts.
  • Historical Work Referenced:

  • 3,000 surface samples collected in 2025 (ICP‑MS analysis pending).

  • 6 km ground gravity survey completed in 2025, integrated with airborne magnetic data to refine fold geometry interpretation.
  • CEO Quote (Mark Lynch‑Staunton): Emphasised Glenburgh’s “inflection point,” the significance of the newly identified Thunderbolt camp, and confidence that the funded drilling program will accelerate resource growth.

Notable Quotes

“Glenburgh has reached a genuine inflection point… With A$94 million pro forma cash, Benz is funded to move fast, with >250,000 metres of drilling planned in 2026 across exploration and resource definition.” – Mark Lynch‑Staunton, CEO

All forward‑looking statements are subject to risks and uncertainties as outlined in the release.

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