Benz's Strategic Acquisition: Unlocking Gold's Hidden Potential

Benz Mining Corp., a leading gold exploration company, has recently secured an option over strategic ground adjacent to its Glenburgh Gold Project in Western Australia. This acquisition, which adds over 20km of prospective strike to the project, is a significant step in enhancing the company's exploration potential and solidifying its position in the gold sector.

The newly acquired tenements cover the immediate extension of the prospective Glenburgh gneiss to the northeast, offering substantial exploration upside. Preliminary geological analysis suggests that the ground may contain similar mineralization as the known Glenburgh gneiss, further enhancing the project's exploration potential.

Benz's CEO, Mark Lynch-Staunton, expressed enthusiasm about this strategic move, stating that it aligns perfectly with the company's strategy of expanding in world-class gold districts. The addition of over 20km of prospective strike would significantly enhance the upside of Glenburgh, delivering exceptional value for shareholders.

The option agreement allows Benz up to 30 days following the successful closing of its earlier acquisition of Glenburgh and the Mt Egerton Gold Projects from Spartan Resources Limited to exercise the option. The terms involve an upfront payment of A$5,000, along with the issuance of 500,000 ordinary shares and a 0.75% net smelter royalty upon exercise of the option.

Moreover, Benz has agreed to issue 1,000,000 options to certain consultants of the Company, reflecting its commitment to strengthening its operational team. This strategic expansion is anticipated to augment Benz's resource base further, positioning it to capitalize on underexplored assets and bolstering its status in premier mining jurisdictions.



Benz's efforts in high-grade gold exploration aim to unlock value within its projects, underpinned by a strong geological expertise. As it progresses with these initiatives, the company is poised to deliver substantial shareholder value while enhancing its footprint in the gold sector.

In conclusion, Benz Mining Corp.'s acquisition of strategic tenements adjacent to the Glenburgh Gold Project is a significant step in expanding its resource base and solidifying its position as a leading gold explorer. These tenements, covering ~20km of additional prospective strike, have the potential to enhance exploration upside and complement the Glenburgh Gold Project. Preliminary geological analysis suggests the ground covers the immediate extension of the prospective Glenburgh gneiss to the NE, offering promising exploration potential. This acquisition aligns with Benz's strategy of growing its resource base in Tier-1 mining jurisdictions and unlocking value in underexplored assets. The newly acquired tenements could substantially increase the company's resource base, further enhancing its market position.