Benz Expands Gold Exploration in Western Australia

Benz Mining Corp. (TSXV: BZ, ASX: BNZ) has exercised an option to acquire highly prospective tenements adjacent to its Glenburgh Gold Project in Western Australia, expanding the total project area to approximately 898km². This strategic move secures an additional 20km of potential strike extension to known gold mineralisation within the region, providing Benz with significant exploration upside.

Regional geological interpretation suggests that the lithologies hosting gold at Glenburgh continue into the newly acquired ground, increasing the likelihood of discovering additional gold resources. Furthermore, historical work by Hannans Ltd in 2021 identified quartz-magnetite breccia occurrences in the western portion of the tenure, which may indicate iron oxide copper-gold (IOCG) potential. This presents an additional exploration target for Benz, diversifying its mineralisation types and potentially attracting a broader range of investors.

Chief executive officer Mark Lynch-Staunton welcomed the expansion, noting that the company’s maiden drill program at Glenburgh is already in full swing, with initial results expected in the coming weeks. He stated, “With this strategic expansion, we’re not only extending our search for Glenburgh-style gold mineralisation by another 20km, but we’re also reinforcing our commitment to aggressively exploring and unlocking value in an underexplored gold district in Australia.”

Under the option agreement, Benz has acquired four tenements from Mining Equities Pty Ltd in exchange for 500,000 fully paid ordinary shares and a 0.75% net smelter royalty. This relatively low cost allows Benz to expand its exploration efforts without significantly impacting its financial resources, maintaining a strong balance sheet while pursuing growth opportunities.

The acquisition of these new tenements aligns with Benz’s long-term strategic goals of aggressively exploring and unlocking value in underexplored gold districts in Australia. By securing an additional 20km of potential strike extension to known gold mineralisation and identifying potential IOCG targets, Benz has enhanced its exploration portfolio and strengthened its position as a leading gold explorer in the region.



In conclusion, Benz Mining Corp.’s strategic expansion in Western Australia, through the acquisition of highly prospective tenements adjacent to the Glenburgh Gold Project, presents a compelling investment opportunity. With a strong balance sheet, experienced management team, and a focus on underexplored gold districts, Benz is well-positioned to unlock value and create shareholder wealth through its aggressive exploration efforts.