News & Videos - BENZ MINING CORP BENZF

HIGHLIGHTS C$10 million raised with the issue of 9,090,909 shares Proceeds will be used to fund exploration at the Eastmain Project, Quebec Vancouver, British Columbia--(Newsfile Corp. - August 31, 2021) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the Company or Benz ) is pleased to advise that has raised C$10 million (before costs) from the placement of 9,090,909 shares at a price of C$1.10 per share ( Placement ) which represents an 80% premium to the last closing price of Benz shares on the...

Vancouver, British Columbia--(Newsfile Corp. - August 27, 2021) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ), (the " Company " or " Benz "), is pleased to announce that it has entered into a subscription agreement with Peartree Securities for the issuance of 9,090,909 common shares by way of private placement to be issued on a flow-through basis (the "FT Shares" ) at a price of C$1.10 per share for gross proceeds of $10,000,000 (the "Offering" ). The gross proceeds received by the Company from the...

HIGHLIGHTS Regional exploration summer work confirms numerous mineral occurrences across Benz tenement package typical from Archean greenstone belts Outcropping lithium (spodumene) bearing pegmatite at Ruby Hill West with historic rock chips samples assay results from a 60m x 25m outcrop including: 4.72%Li 2 O, 1720 ppm Rb (>100ppm Ta, >500ppm Cs) 2.15% Li 2 O, 990 ppm Rb (>100ppm Ta, >500ppm Cs) 1.97% Li 2 O, 3660 ppm Rb (>100ppm Ta, >500ppm Cs) 1.10% Li 2 O, 710 ppm Rb (>100ppm Ta, >500ppm Cs)...

HIGHLIGHTS Maiden broad spaced scout drilling into North West (NW) Zone (600m from current resource) has highlighted the potential for a new high grade gold shoot Assays for the first 17 holes of 2021 received - assay results include: 3.0m at 16.6g/t gold including 1.5m at 32.8g/t gold (EM21-143) 7.8m at 8.7g/t gold including 1.0m at 32.6g/t gold (EM21-146) 6.0m at 3.6g/t gold including 1.0m at 10.2g/t gold (EM21-145) 3.0m at 5.2g/t gold including 1.0m at 15.0g/t gold (EM21-159) 6.6m at 3.1g/t...

HIGHLIGHTS Reject samples from the 2020 drilling campaign have arrived at MinAnalytical in Perth, Western Australia for analysis by PhotonAssay Samples had been integrated in the laboratory schedule ahead of delivery to allow for immediate start at reception and analysis has started Whole rock analysis to be conducted capturing visible gold, observed in core and potentially not reflected in standard fire assays Historical analysis from 2010/11 programs highlighted that fire assays under called...

HIGHLIGHTS FLEM identify multiple conductors 2.5km north of the Eastmain Mine at Placer Lake Conductors extend over strike length of approximately 2km and coincident with historical rock chip samples of 8.3g/t gold at surface and untested by drilling Total strike length of conductors exceeds 6km highlighting the potential scale of the district In excess of 130 FLEM and DHEM modelled conductors have been identified by Benz Mining Placer Lake conductors will be tested as part of ongoing 50km fully...

HIGHLIGHTS 2021 FLEM survey of Loop G identifies multiple conductors located 2 km to the east of historical resources of Eastmain Mine. Conductors currently being tested as part of Benz's 50,000m fully funded drill 2021 program. Visible gold observed in two holes in this area, collared 250m apart. E Zone represents another new discovery in an area that has never been previously drilled and is open in all directions. Toronto, Ontario--(Newsfile Corp. - May 5, 2021) - Benz Mining Corp. (TSXV: BZ)...

HIGHLIGHTS Second drill rig at Eastmain doubling drilling capacity at the project Multiple targets from the 2020 FLEM campaign and ongoing DHEM surveys Acquisition of two FLEM surveys completed - processing and interpretation imminent Shipping of samples to Australia underway after delays from COVID-19 and industrial action 40,000m of drilling budgeted for 2021 still to be undertaken First assays for 2021 drilling still awaited with results anticipated shortly Toronto, Ontario--(Newsfile Corp. -...

HIGHLIGHTS 10 holes +4,000m of drilling completed since the beginning of 2021 Targeting FLEM and DHEM conductors identified in 2020 EM campaign Drilling confirmed the presence of a mineralized horizon below A Zone with strong visual mineralization intersected approximately 150m below the existing resource This target is approximately 2km along strike from D Zone that previously intersected Nisto Trend (3.8m at 8.5g/t gold discovery hole) Strong off-hole DHEM conductors to be further tested...

HIGHLIGHTS Assays for Benz's maiden 2020 drilling campaign received and processed Several high-grade (+8.0g/t gold) intervals and individual assays values up to 85.0g/t Au Second new parallel trend identified with discovery hole EM20-132 drilled into a FLEM anomaly returning 5.0m at 8.3g/t Au including 3.0m at 13.7g/t Au Third trend below the mine sequence discovered in hole EM20-141 with 7.2m at 4.6g/t Au including 3.8m at 8.5g/t Au and 0.4m at 85.0g/t Au Extensions to existing resource...

HIGHLIGHTS First rig arrived on site on 13 January and is now drilling First target of 2021 drill season is the newly identified footwall conductors Numerous untested conductors from the 2020 EM campaign to be drilled in priority FLEM underway covering 3km of potential strike extent of two trends (main mine trend and new hangingwall trend) with 2.13g/t Au rock chip sample at surface and 1m at 6.3g/t Au in an isolated shallow historical drillhole Additional VTEM targets 1km in the hangingwall of...

HIGHLIGHTS Re-processing of FLEM identified a large conductor in the footwall of the existing resource at A Zone (376,000oz at 7.9gpt gold) Last DHEM survey of historical hole in 2020 identified off-hole conductors 200m in the footwall of A Zone confirming FLEM modelled plate These conductors represent a potential 3rd trend to be tested in upcoming drill programs Exploration expected to restart in January with 50,000m drill program and additional EM surveys to identify further targets across...

HIGHLIGHTS Maiden 7,110m, 12-hole diamond drill program successfully completed at Eastmain Drilling targeted a combination of fixed-loop and borehole electromagnetic conductors identified in the recent geophysics campaigns 110 line-km FLEM survey identified multiple conductors along strike of the known Eastmain Mine mineralization and highlighted potential structural repeats and new parallel mineralized horizons BHEM in 38 historical drill holes identified target extensions to known mineralized...

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce that it has lodged a Prospectus with the Australian Securities and Investments Commission in relation to its proposed dual listing on the Australian Securities Exchange (" ASX "). As previously announced on September 28, 2020, under the Prospectus, the Company will issue 4,000,000 shares (" Offer Shares ") at an issue price of A$0.50 per Offer...

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce that it has closed its previously announced private placement (the " Offering ") of 14,857,142 flow-through units at $0.875 (the " FT Units ") and 400,000 hard dollar units at $0.55 (the " HD Units ") for aggregate gross proceeds of $13,219,999.25. Each FT Unit and HD Unit consists of one (1) common share of the Company (a " Share ") and 0.5 common...

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce that it has made a $250,000 payment, of which $150,000 was paid in cash and the balance by the issuance of 124,177 shares, to Fury Gold Mines Ltd. This payment is in accordance with the terms of the Option Agreement dated August 7, 2019, as amended on April 30, 2020 (the "Agreement"), between Benz and Eastmain Resources Inc. The shares will be...

Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), announces that it has granted an aggregate of 3.9 million incentive stock options to certain directors, officers and consultants of Benz at an exercise price of $0.64 per share for a period of three years. The incentive stock options are governed by the terms of the Company's 10% rolling stock option plan and have been issued in accordance with the policies of the TSX...

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce that it intends to upsize its previously announced non brokered private placement to an aggregate of up to 14,857,143 units on a flow through basis (up from 11,500,000 units) at a price of $0.875 per unit for gross proceeds of up to C$13,000,000. Each FT Unit will consist of one common share of the Company and 0.5 common share purchase warrant (a...

Vancouver, British Columbia--(Newsfile Corp. - September 28, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce a non-brokered private placement of up to 11,500,000 units issued on a flow-through basis (the "FT Units" ) at a price of $0.875 per Unit for gross proceeds of up to $10,062,500 (the "Offering" ). Each FT Unit will consist of one common share of the Company and 0.5 common share purchase warrant (a "Warrant" ). Each Warrant will entitle the holder...

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2020) - Benz Mining Corp. (TSXV: BZ) (the " Company " or " Benz "), is pleased to announce that it has appointed two highly experienced directors to the board along with three senior executives with significant gold sector expertise to assist the Company as it transitions towards a dual listing on the ASX and developing the high-grade Eastmain gold mine project in Quebec. Board and Management Appointments Mr Evan Cranston has been...