Benz Mining Corp. press release
Benz Announces that Icon Delivers Shallow High-Grade Discovery as Large-Scale System Continues to Grow
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Benz Announces that Icon Delivers Shallow High-Grade Discovery as Large-Scale System Continues to Grow
HIGHLIGHTS:
Ultra high-grade shallow lens emerging at Icon through infill drilling:
13m at 29.0 g/t gold from 60m25GLR232
9m at 28.0g/t gold from 84m25GLR190
17m at 11.0g/t gold from 55m25GLR237
Icon drilling continues to demonstrate large-scale bulk mineralisation:
200m at 1.0/t gold from 76m25GLR062 (remaining assays now received)
71m at 0.8g/t gold from 202m25GLR050
60m at 1.0g/t gold from 240m25GLR054
53m at 1.0g/t gold from 424m25GLR091
Tuxedo drilling: significant broad step out drilling extends mineralisation 200m+ at depth beneath historical shallow drilling:
28m at 2.5g/t gold from 406m 25GLR115 (> 200m down-dip extension at depth)
35m at 1.0g/t gold from 296m25GLR133
Icon trend potential: with more than 3 km of strike identified and only ~30% tested to date, 2026 Q1 drilling will systematically step out along the Icon trend, targeting the definition of a single, large-scale open-pit system
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Benz Mining Corp (TSXV: BZ) (ASX: BNZ) ("Benz" or the "Company") is pleased to report results from the Icon trend within the Glenburgh Gold Project in Western Australia.
Figure 1. Icon - Tuxedo cross section looking east. The section is displayed using a ±150 m clipping window to appropriately represent the folded and plunging geometry of the mineralised system. Previous results released on 6 November 2024, 4 August 2025 and 20 August 2025. Current release in black highlight.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_002full.jpg
Benz CEO, Mark Lynch-Staunton, commented:
"Results from the latest drilling at Icon and Tuxedo continue to reinforce our view that this is a large, coherent mineralised system with genuine scale.
"At Tuxedo, our first pass step-out drilling has successfully extended mineralisation by more than 200 metres down-dip. This broad-spaced drilling was designed to test the limits of the system, and the results clearly demonstrate that mineralisation continues well beyond historical drilling. With this extension now defined, we are well positioned to move into more focused infill drilling to further build continuity and confidence.
"At Icon, infill drilling is delivering exactly what we want to see - improved continuity, increasing confidence in the system, and the emergence of high-grade zones within a broad mineralised envelope. These results continue to demonstrate the quality and robustness of the mineralisation.
"When considered together, Icon and Tuxedo sit within the same mineralised footprint and are increasingly shaping up as a single, large open-pit style system. The combined corridor now extends up to 400 metres wide, underlining the scale of the opportunity we are developing.
"With more than 3 kilometres of strike already defined and less than 30% tested to date, we are still in the early stages of unlocking the full potential of this system. Upcoming drilling will focus on expanding the footprint along strike and at depth, while continuing to infill and upgrade the higher-grade zones.
"Glenburgh is rapidly emerging as a genuinely large gold system, and each round of drilling continues to build scale, confidence and long-term value for shareholders."
Figure 2. Icon trend plan map with reported collar locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_003full.jpg
Icon-Tuxedo: A Growing Mineralised System
Recent drilling at the Icon Camp continues to demonstrate the scale and continuity of mineralisation, reinforcing its potential to host a large, long-life open pit gold operation.
At Icon, broad zones of moderate-grade mineralisation have now been confirmed over significant strike and thickness, highlighted by a 200m intersection at 1 g/t Au, providing further evidence of a bulk-tonnage mineralised system. This standout intercept complements previously released intercepts:
134m at 1g/t gold from 66m including 44m at 2.2g/t gold (25GLR060)
117m at 0.7g/t gold from 107m including 38m at 1.1g/t gold (25GLR064)
142m at 0.95g/t gold from 227m within a broader 229m at 0.7g/t gold (25GLR048)
102m at 1.0g/t gold from 96m (25GLR058)
Tuxedo
At Tuxedo first pass step-out drilling has successfully extended mineralisation more than 200 metres down-dip, well beyond the limits of historical drilling, which had only tested to approximately 100 metres depth. Intersections of 28m at 2.52 g/t Au, 35m at 1.0 g/t Au, and 21m at 1.34 g/t Au demonstrate that mineralisation remains strong and continuous at depth.
Together, Icon and Tuxedo now form a mineralised corridor exceeding 400 metres in width, surrounded by a broad halo of lower-grade mineralisation.
High-Grade Zones Emerge with Infill Drilling
A representative 100 m × 100 m area of the Icon system was selected for close-spaced infill drilling to enhance geological understanding and support orebody characterisation. The closer-spaced drilling has revealed a significant high-grade component that was not apparent in the previous 40-80m spaced drill pattern (Figure 3).
The new closer spaced drilling shows that:
High-grade mineralisation occurs as curved, folded lenses, rather than simple planar zones.
These lenses were masked by wide drill spacing, and the potential to find more through infill drilling is high.
Mineralisation geometry reflects the high-grade metamorphic environment at Glenburgh, where gold continuity is rarely linear.
Recent results include:
13m at 29.0 g/t gold from 60m (25GLR232)
9m at 28.0g/t gold from 84m (25GLR190)
17m at 11.0g/t gold from 55m (25GLR237)
These intersections define an ~100 m long high-grade lens within the broader Icon system, which remains open at depth and along strike.
The infill drilling has confirmed improved continuity of higher-grade mineralisation, which is considered positive for future resource refinement, subject to further drilling and formal estimation.
Figure 3. Long section looking northwest, with a +/- 10m clipping window, highlighting close spaced infill drilling test area. The closer-spaced drilling has revealed a significant high-grade component that was not apparent in the historical broader spaced drill pattern (black dots).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_004full.jpg
District-Scale Upside - The Icon Trend
The Company is now preparing to systematically test the full >3 km long Icon trend, throughout 2026 with drilling planned to depths of 300-500 metres (Figure 4).
This work will:
Step out along strike from current drilling
Test down-dip continuity beneath existing mineralisation
Assess the scale of the broader mineralised system
Evaluate the potential for a single large-scale open pit development
With multiple stacked mineralised zones, strong continuity, and emerging high-grade domains, Benz believes the Icon trend has the potential to evolve into a large, long-life gold system.
Figure 4. Icon trend long section with all historical and current drilling to date. Drill target area in light blue hash box. Systematically testing the full strike and depth potential of the icon trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_005full.jpg
Glenburgh - A New Frontier Gold District
The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-million-ounce potential. Located in Western Australia's Gascoyne region, Glenburgh hosts an 18-20 kilometre mineralised corridor anchored by the large-scale Icon-Apollo trend and the high-grade Zone 126 system.
Glenburgh's unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector. With gold prices at record levels, the ability to develop both large-scale open pit and underground operations offers exceptional leverage and growth potential.
Figure 5. Geological overview of the Glenburgh Gold Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_006full.jpg
- END -
This announcement has been approved for release by the Board of Benz Mining Corp.
For more information please contact:
Mark Lynch-Staunton
Chief Executive Officer Benz Mining Corp.
E: mstaunton@benzmining.com
T: +61 8 6143 6702
About Benz Mining Corp.
Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia.
Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/281887_2f188d97b46c1870_007full.jpg
For more information, please visit: https://benzmining.com/.
Qualified Person's Statement (NI 43-101)
The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Mr Mark Lynch-Staunton, who is a Qualified Person as defined by NI 43-101 and a Member of Australian Institute of Geoscientists (AIG) (Membership ID: 6918). Mr Lynch-Staunton has reviewed and approved the technical information in this news release. Mr Lynch-Staunton owns securities in Benz Mining Corp.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the exploration potential of the Glenburgh Gold Project and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh Gold Project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the accuracy and reliability of the Company's exploration thesis in respect of additional drilling at the Glenburgh Gold Project will be consistent with the Company's expectations based on available information; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton Gold Projects) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the early stage nature of the Company's exploration of the Glenburgh Gold Project, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedarplus.ca and www.asx.com.au. Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Appendix 1: Collar Table. Coordinates system: GDA94/MGA Zone 50
Hole IDEastingNorthingElevationDipAzimuthEnd Depth
25GLR_0364097007191553296.765-60170582
25GLR_0484093777191503293.287-59161456
25GLR_0504095627191527298.376-59160360
25GLR_0524096337191562296.606-55161300
25GLR_0544096557191481298.722-65161300
25GLR_0564094827191417297.849-56161354
25GLR_0584095627191492299.126-55160402
25GLR_0624096087191486299.687-65160438
25GLR_0644095887191506300.007-60160366
25GLR_0674094277191595294.925-55163600
25GLR_0744095207191368298.92-55165552
25GLR_0784094777191463300.524-5516591
25GLR_0794095547191250299.7-55165558
25GLR_0804095917191158302.337-55165600
25GLR_0834097357191425302.089-55165600
25GLR_0844097797191328303.496-55167600
25GLR_0854098257191192301.927-55165446
25GLR_0864094007191698297.975-55165750
25GLR_0884093607191806297.644-55164528
25GLR_0894098547191479301.399-55165600
25GLR_0914098117191605301.019-56165598
25GLR_0934091767191431296.78-55165733
25GLR_0954094817190784303.114-55345600
25GLR_0964092097191044298.945-55165600
25GLR_0984102627191361300.97-55165570
25GLR_1004095567191051298.618-55165549
25GLR_1014103357191115301.043-55165450
25GLR_1044105097190786301.43-55340600
25GLR_1054088597191040296.439-54164492
25GLR_1074099697190976301.609-52168600
25GLR_1104091087190691295.219-55346504
25GLR_1114097987190914301.995-55165512
25GLR_1124089587191131294.31-55166492
25GLR_1144101647191043296.424-55165600
25GLR_1154093797191217296.383-55165600
25GLR_1184092707191531296.618-54164600
25GLR_1194094147191114297.843-55165600
25GLR_1214093087191429298.875-54165312
25GLR_1234093787191569296.187-55165492
25GLR_1264094857191256299.31-53165600
25GLR_1274094127191463293.971-55165600
25GLR_1334095207191149303.463-55164600
25GLR_1344094487191358297.626-56164600
25GLR_1394091727191145296.965-51155402
25GLR_1404093117191083300.239-64167402
25GLR_1434097067191173302.463-58184300
25GLR_1444096277191184301.683-50165300
25GLR_1464097077191172302.288-50160252
25GLR_1494106657191753301.443-61165102
25GLR_1504108887191932303.305-58165330
25GLR_1514106527191795303.813-58165150
25GLR_1534107077191871301.198-58165204
25GLR_1554106817191904301.848-58165252
25GLR_1574108757191980303.759-5816566
25GLR_1584106557191952300.782-58165300
25GLR_1594108767191979304.376-5816572
25GLR_1614106127191940300.211-58165314
25GLR_1624108727192028303.326-58165450
25GLR_1644107547191838302.388-60164150
25GLR_1654107507191887300.926-59164204
25GLR_1664108437191913303.29-59166330
25GLR_1674107327191929300.754-58164252
25GLR_1684107007191968301.3-58165300
25GLR_1724107817191908303.325-58164222
25GLR_1744107817191946301.89-58164252
25GLR_1774107677191996303.058-58165300
25GLR_1794108167191966303.256-59164506
25GLR_1854105777191787302.75-55154204
25GLR_1874094527191423300.406-60155120
25GLR_1884094647191398300.717-60155120
25GLR_1894094737191375300.754-6015524
25GLR_1904094617191427300.777-75155114
25GLR_1914094647191419300.396-75155114
25GLR_1924094687191410299.054-75155114
25GLR_1934094727191401299.146-75155114
25GLR_1944094767191391299.262-7515560
25GLR_1954094717191431298.826-80155108
25GLR_1964094767191421298.951-75155114
25GLR_1974094807191413299.402-75155114
25GLR_1994094867191396299.698-6015542
25GLR_2004094797191432298.857-60155120
25GLR_2014094847191448299.214-60155120
25GLR_2044095167191447298.787-81155105
25GLR_2114094887191439299.2-60155120
25GLR_2124094937191429299.252-60155120
25GLR_2134094977191419299.36-6015590
25GLR_2214094967191445299.478-60155102
25GLR_2224095067191422299.329-6015590
25GLR_2234095017191411299.324-6015560
25GLR_2244095067191402299.308-6015542
25GLR_2254095207191420299.104-80155108
25GLR_2264095167191428297.76-80155108
25GLR_2274095197191441298.733-80155105
25GLR_2284095237191432298.937-80155108
25GLR_2294095277191422299.095-80155105
25GLR_2304095327191414299.094-80156108
25GLR_2314095377191404299.093-8115484
25GLR_2324095127191437299.027-80155108
25GLR_2334095247191409298.8-81151108
25GLR_2344095487191404299.172-6015360
25GLR_2354095387191463295.071-60155108
25GLR_2364105117191811299.998-55155252
25GLR_2374095117191439299.216-80155108
25GLR_2384105577191831299.819-55155252
Appendix 2: Significant Intercepts Tables.
High Grade Intercepts: A nominal 0.8g/t Au lower cut off has been applied to results, no maximum internal dilution was applied unless stated otherwise. Some intercepts reported were previously disclosed based on partial assay results. Completion of outstanding assays has resulted in updated intercepts being reported
Hole IDFromToAu_ppmLengthComments
25GLR_0501631790.9616
25GLR_0502022730.871Updated intercept following receipt of remaining assays
25GLR_0542112142.253
25GLR_054240300160
25GLR_0566430.8137
25GLR_058962290.87133Updated intercept following receipt of remaining assays Includes: 16m at 2.16g/t and 7m at 2.85g/t
25GLR_0582632690.816
25GLR_062842841200Updated intercept following receipt of remaining assays Includes: 14m at 8.36g/t
25GLR_0642032300.8227Updated intercept following receipt of remaining assays
25GLR_0642332420.999
25GLR_0642773050.9928
25GLR_0673163211.065
25GLR_0674194251.156
25GLR_0674834891.46
25GLR_07440480.938
25GLR_0745265471.3421
25GLR_07878881.8710
25GLR_0801861980.9712
25GLR_0802832970.8214
25GLR_0835805831.623
25GLR_0911441470.913
25GLR_0912042120.918
25GLR_0913843941.0610
25GLR_0914244401.116
25GLR_0914574771.4820
25GLR_0953443571.1213
25GLR_0954844891.395
25GLR_1102342570.8423Includes: 6m at 2.72g/t
25GLR_1152572601.43
25GLR_1153063111.495
25GLR_1154064342.5228Includes: 8m at 5.56g/t and 11m at 2.06g/t
25GLR_1192672701.523
25GLR_1212762821.356
25GLR_1234144220.858
25GLR_1272522561.334
25GLR_1331461551.059
25GLR_1332973321.0435Includes: 3m at 3.01g/t
25GLR_1393213243.883
25GLR_1431992060.97
25GLR_1442052091.194
25GLR_1442892963.957
25GLR_1461982021.044
25GLR_15040461.566
25GLR_1551311380.87
25GLR_1582112240.8313
25GLR_16424270.953
25GLR_16429333.934
25GLR_1651641671.533
25GLR_1671391551.0216Includes: 4m at 3.03g/t
25GLR_1682332381.685
25GLR_1721121151.553
25GLR_1741291351.526
25GLR_1772542701.2416
25GLR_1791651690.824
25GLR_18756851.3629
25GLR_18815261.4411Includes: 4m at 2.55g/t
25GLR_1881051092.554
25GLR_189372.444
25GLR_190849327.949
25GLR_19161790.9418
25GLR_19242461.154
25GLR_19250531.183
25GLR_19265850.8620
25GLR_192951142.0219Includes: 7m at 3.81g/t
25GLR_19319491.1530Includes: 5m at 4.29g/t
25GLR_19381860.855
25GLR_1946121.746
25GLR_196321142.1882Includes: 4m at 17.7g/t and 34m at 2.56g/t
25GLR_19724880.964Includes: 3m at 2.48g/t
25GLR_1971081120.934
25GLR_201391021.0563Includes: 14m at 2.08g/t
25GLR_204889221.444
25GLR_21136680.8632
25GLR_2111081121.14
25GLR_21221372.0616Includes: 13m at 2.37g/t
25GLR_21314400.9126Includes: 6m at 2.98g/t
25GLR_22142771.4735Includes: 13m at 2.42g/t
25GLR_22217231.156
25GLR_223180.857
25GLR_22520281.048
25GLR_225901061.1216
25GLR_226231081.385Includes: 16m at 2.14g/t
25GLR_227611022.5641Includes: 22m at 2.81g/t and 15m at 2.74g/t
25GLR_228741051.4831
25GLR_22924271.343
25GLR_22943501.47
25GLR_22990940.854
25GLR_229961051.119
25GLR_230253.473
25GLR_232131084.2995Includes: 13m at 29.11g/t
25GLR_23350600.8510
25GLR_23577881.7711
25GLR_23675782.053
25GLR_237551025.147Includes: 17m at 11.73 g/t and 12m at 2.9g/t