https:\/\/benzmining.com\/<\/a>.<\/p>\nQualified Person’s Statement (NI 43-101) <\/b><\/p>\n
The scientific and technical information in this announcement is based on, and fairly represents, information and supporting documentation compiled by Mr Mark Lynch-Staunton, a Member of the Australian Institute of Geoscientists (AIG) (Membership ID: 6918), and a Qualified Person as defined in NI 43-101. Mr Lynch-Staunton is the Chief Executive Officer Benz Mining Corp and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Lynch-Staunton consents to the inclusion in this news release of the matters based on this information in the form and context in which it appears. Mr Lynch-Staunton owns securities in Benz Mining Corp.<\/p>\n
Forward-Looking Statements<\/b><\/p>\n
This news release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management as at the date of this news release, are made as of the date of this news release, and involve known and unknown risks, uncertainties and other factors. Forward-looking statements in this news release include, but are not limited to, statements with respect to: (i) the nature, scope and results of the Company’s exploration programs; (ii) the potential quantity and grade of the Company’s exploration targets; (iii) the potential for delineation of a Mineral Resource from the Exploration Target; the timing and results of future drilling, metallurgical testwork and geological modelling; the Company’s plans, objectives and expectations with respect to advancing its mineral properties; and the potential for future development of its mineral properties. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved. Forward-looking statements relating to exploration targets are inherently speculative in nature.<\/p>\n
Forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to: (i) risks relating to the inherently uncertain nature of mineral exploration and development; (ii) uncertainty in the estimation of Mineral Resources and exploration targets; (iii) the possibility that future exploration results will not be consistent with expectations; (iv) commodity price fluctuations; (v) changes in general economic and market conditions; (vi) the Company’s ability to obtain financing on acceptable terms; (vii) risks related to permitting, environmental regulation and community relations; (viii) operational risks in conducting exploration activities, including weather, equipment failure and access issues; and other risks disclosed in the Company’s continuous disclosure filings available on SEDAR+.<\/p>\n
Although the Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these assumptions will prove to be correct, and actual results may differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements.<\/p>\n
The Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain whether further exploration will result in the estimation of a Mineral Resource. Accordingly, there can be no assurance that the Exploration Target will be realized or that future exploration will result in any Mineral Resources being identified. The Company does not undertake to update any forward-looking statement except as required by law.<\/p>\n
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.<\/p>\n
APPENDIX 1: DETAILED BREAKDOWN OF EXPLORATION TARGET<\/b><\/p>\n\n\n\nGLENBURGH EXPLORATION TARGET \u2013 by deposit and grade domain<\/b><\/td>\n<\/tr>\n\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Hurricane Camp<\/b><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Basis<\/b><\/td>\n | Tonnes (Mt)<\/b><\/td>\n | Grade (g\/t Au)<\/b><\/td>\n | Contained Gold (Moz)<\/b><\/td>\n<\/tr>\n\n| High grade<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 25 \u2013 28<\/td>\n | 2.50 \u2013 2.72<\/td>\n | 2.0 \u2013 2.5<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 6 \u2013 7<\/td>\n | 2.50 \u2013 2.72<\/td>\n | 0.5 \u2013 0.6<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 high grade<\/b><\/td>\n | 31 \u2013 35<\/b><\/td>\n | 2.50 \u2013 2.72<\/b><\/td>\n | 2.5 \u2013 3.0<\/b><\/td>\n<\/tr>\n\n| Mineralised halo<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 166 \u2013 184<\/td>\n | 0.37 \u2013 0.39<\/td>\n | 2.0 \u2013 2.3<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 40 \u2013 44<\/td>\n | 0.37 \u2013 0.39<\/td>\n | 0.5 \u2013 0.6<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 mineralised halo<\/b><\/td>\n | 206 \u2013 229<\/b><\/td>\n | 0.37 \u2013 0.39<\/b><\/td>\n | 2.4 \u2013 2.9<\/b><\/td>\n<\/tr>\n\n| TOTAL \u2013 Hurricane<\/b><\/td>\n | 235 \u2013 265<\/b><\/td>\n | 0.65 \u2013 0.70<\/b><\/td>\n | 5.0 \u2013 5.9<\/b><\/td>\n<\/tr>\n\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Icon<\/b><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Basis<\/b><\/td>\n | Tonnes (Mt)<\/b><\/td>\n | Grade (g\/t Au)<\/b><\/td>\n | Contained Gold (Moz)<\/b><\/td>\n<\/tr>\n\n| High grade<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 54 \u2013 60<\/td>\n | 1.40 \u2013 1.47<\/td>\n | 2.4 \u2013 2.8<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 8 \u2013 9<\/td>\n | 1.40 \u2013 1.47<\/td>\n | 0.35 \u2013 0.41<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 high grade<\/b><\/td>\n | 62 \u2013 69<\/b><\/td>\n | 1.40 \u2013 1.47<\/b><\/td>\n | 2.8 \u2013 3.3<\/b><\/td>\n<\/tr>\n\n| Mineralised halo<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 125 \u2013 139<\/td>\n | 0.28 \u2013 0.29<\/td>\n | 1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 18 \u2013 20<\/td>\n | 0.28 \u2013 0.29<\/td>\n | 0.16 \u2013 0.19<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 mineralised halo<\/b><\/td>\n | 143 \u2013 159<\/b><\/td>\n | 0.28 \u2013 0.29<\/b><\/td>\n | 1.3 \u2013 1.5<\/b><\/td>\n<\/tr>\n\n| TOTAL \u2013 Icon<\/b><\/td>\n | 205 \u2013 230<\/b><\/td>\n | 0.62 \u2013 0.65<\/b><\/td>\n | 4.1 \u2013 4.7<\/b><\/td>\n<\/tr>\n\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Thunderbolt<\/b><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Basis<\/b><\/td>\n | Tonnes (Mt)<\/b><\/td>\n | Grade (g\/t Au)<\/b><\/td>\n | Contained Gold (Moz)<\/b><\/td>\n<\/tr>\n\n| High grade<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 3.07 \u2013 3.41<\/td>\n | 1.40 \u2013 1.55<\/td>\n | 0.1 \u2013 0.2<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 16 \u2013 17<\/td>\n | 1.40 \u2013 1.55<\/td>\n | 0.7 \u2013 0.9<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 high grade<\/b><\/td>\n | 19 \u2013 21<\/b><\/td>\n | 1.40 \u2013 1.55<\/b><\/td>\n | 0.8 \u2013 1.0<\/b><\/td>\n<\/tr>\n\n| Mineralised halo<\/b><\/i><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Drill-constrained (data-driven)<\/td>\n | 4 \u2013 5<\/td>\n | 0.28 \u2013 0.31<\/td>\n | 0.04 \u2013 0.05<\/b><\/td>\n<\/tr>\n\n| Conceptual projection<\/td>\n | 21 \u2013 24<\/td>\n | 0.28 \u2013 0.31<\/td>\n | 0.19 \u2013 0.24<\/b><\/td>\n<\/tr>\n\n| Subtotal \u2013 mineralised halo<\/b><\/td>\n | 26 \u2013 29<\/b><\/td>\n | 0.28 \u2013 0.31<\/b><\/td>\n | 0.2 \u2013 0.3<\/b><\/td>\n<\/tr>\n\n| TOTAL \u2013 Thunderbolt<\/b><\/td>\n | 45 \u2013 50<\/b><\/td>\n | 0.75 \u2013 0.83<\/b><\/td>\n | 1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Glenburgh Exploration Target \u2013 reconciliation by camp<\/b><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| Basis<\/b><\/td>\n | Tonnes (Mt)<\/b><\/td>\n | Grade (g\/t Au)<\/b><\/td>\n | Contained Gold (Moz)<\/b><\/td>\n<\/tr>\n\n| Hurricane<\/td>\n | 235 \u2013 265<\/td>\n | 0.65 \u2013 0.70<\/td>\n | 5.0 \u2013 5.9<\/b><\/td>\n<\/tr>\n\n| Icon<\/td>\n | 205 \u2013 230<\/td>\n | 0.62 \u2013 0.65<\/td>\n | 4.1 \u2013 4.7<\/b><\/td>\n<\/tr>\n\n| Thunderbolt<\/td>\n | 45 \u2013 50<\/td>\n | 0.75 \u2013 0.83<\/td>\n | 1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\n| GLENBURGH EXPLORATION TARGET<\/b><\/td>\n | 485 \u2013 540<\/b><\/td>\n | 0.65 \u2013 0.69<\/b><\/td>\n | 10.1 \u2013 12.0<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Appendix 2: JORC Tables<\/b>
\nJORC Code, 2012 Edition \u2013 Table 1 report template<\/p>\n Section 1 Sampling Techniques and Data<\/b><\/p>\n (Criteria in this section apply to all succeeding sections)<\/p>\n \n\n\n| Criteria<\/b><\/td>\n | Commentary<\/b><\/td>\n<\/tr>\n<\/thead>\n\n\n| Sampling techniques<\/i><\/td>\n | \n\n- Results are part of BNZ’s RC drilling campaign at the recently acquired Glenburgh Gold Project situated ~285 km east of Carnarvon via Gascoyne Junction, WA.<\/li>\n
- RC drilling samples were collected as 1m single samples.<\/li>\n
- Each sample collected represents each one (1) metre drilled collected from the rig-mounted cone splitter into individual calico bags (~3kg).<\/li>\n
- The rig mounted cyclone\/cone splitter was levelled at the start of each hole to aid an even fall of the sample through the cyclone into the cone splitter.<\/li>\n
- RC drilling sample submissions include the use of certified standards (CRMs), and field duplicates were added to the submitted sample sequence to test laboratory equipment calibrations. Standards selected are matched to the analytical method of photon assaying at ALS labs in Perth (~500g units). No composites were taken.<\/li>\n
- Based on statistical analysis of these results, there is no evidence to suggest the samples are not representative.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Drilling techniques<\/i><\/td>\n | \n\n- The RC drill rig was a Schramm C685 & T685 rig type with the capability to reach >500m depths with a rig-mounted cyclone\/cone splitter using a face sample hammer bit of 5 1\u20442 \u2013 6″ size.<\/li>\n
- The booster was used to apply air to keep drill holes dry and reach deeper depths.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Drill sample recovery<\/i><\/td>\n | \n\n- RC sample recovery is visually assessed and recorded where significantly reduced. Negligible sample loss has been recorded.<\/li>\n
- RC samples were visually checked for recovery, moisture and contamination. A cyclone and cone splitter were used to provide a uniform sample, and these were routinely cleaned.<\/li>\n
- RC Sample recoveries are generally high. No significant sample loss has been recorded.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Logging<\/i><\/td>\n | \n\n- RC chip samples have been geologically logged on a per 1 metre process recording lithology, mineralisation, veining, alteration, and weathering.<\/li>\n
- Geological logging is considered appropriate for this style of deposit (metamorphosed orogenic gold). The entire length of all holes has been geologically logged.<\/li>\n
- RC drill logging was completed by Benz Mining staff and data entered into BNZ’s MXDeposit digital data collection platform provided by Expedio.<\/li>\n
- All drill chips were collected into 20 compartment-trays for future reference and stored securely at Glenburgh camp.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Sub-sampling techniques and sample preparation<\/i><\/td>\n | \n\n- RC chips were cone split at the rig. Samples were generally dry.<\/li>\n
- A sample size of between 3 and 5 kg was collected. This size is considered appropriate, and representative of the material being sampled given the width and continuity of the intersections, and the grain size of the material being collected.<\/li>\n
- For the 1 metre samples, certified analytical standards (appropriate for photon assaying) and field duplicates were inserted at appropriate intervals at a rate equal to 1 in 20 and sent for analysis with the samples.<\/li>\n
- Sample preparation was undertaken at ALS Laboratory \u2013 Perth. Gold analysis utilised the photon assaying methodology where original samples are crushed to 90% better than -3mm with a sub-set 500g separated for non-destructive analysis.<\/li>\n
- Any sample reporting as having elevated > 1\u00b5Sv readings during the preparation for photon assaying at ALS labs were flagged and were submitted for fire assay (Au-AA26) methodology at ALS labs in Perth as a quantifying check against the Photon assays.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Quality of assay data and laboratory test<\/i><\/td>\n | \n\n- PhotonAssay at ALS Perth: Samples submitted for PhotonAssay analysis were dried, crushed to achieve approximately 90% passing 3.15 mm, rotary split, and a nominal ~500 g sub-sample was collected (method codes CRU-32a and SPL-32a). The ~500 g sub-sample was analysed for gold using the PhotonAssay technique (method code Au-PA01), together with quality control samples including certified reference materials and field duplicates.<\/li>\n
- ALS PhotonAssay Analysis Technique: Developed by CSIRO in collaboration with Chrysos Corporation, PhotonAssay is a rapid, chemical-free alternative to conventional fire assay that uses high-energy X-rays. The technique is non-destructive and analyses a substantially larger sample mass than the standard 50 g fire assay. ALS has extensively tested and validated the PhotonAssay method, with results benchmarked against traditional fire assay.<\/li>\n
- Routine mutli-element analysis – four acid digest with ICP-MS finish (method code ME-MS61) and portable XRF (method code pXRF-NQ) has been completed down hole on a pulverize 500 g split to better than 85% passing 75um (method code PUL-32m) but this information does not form part of this report.<\/li>\n
- Laboratory QA\/QC is maintained through the routine use of internal certified reference materials and blanks as part of standard in-house procedures. In addition, BNZ submitted an independent suite of certified reference materials (see above). These data are formally reviewed on a periodic basis.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Verification of sampling and assaying<\/i><\/td>\n | \n\n- Significant drill intersections are checked by the supervising personnel. The intersections are compared to recorded geology and neighbouring data and reviewed in Leapfrog and QGIS software.<\/li>\n
- No twinned holes have been drilled to date by Benz Mining, but, planned holes have tested the interpreted mineralised trends, verifying the geometry of the mineralised targets.<\/li>\n
- All logs were validated by the Project Geologist prior to being sent to the Database Administrator for import<\/li>\n
- No adjustments have been made to assay data apart from values below the detection limit which are assigned a value of half the detection limit (positive number)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Location of data points<\/i><\/td>\n | \n\n- Hole collar coordinates including RLs have been located by handheld GPS in the field during initial drill site preparation. Actual hole collars were collected by a DGPS system at the Glenburgh Gold Project.<\/li>\n
- The grid system used for the location of all drill holes is GDA94_MGA _Zone 50s.<\/li>\n
- Planned hole coordinates and final GPS coordinates are compared in QGIS and Leapfrog project files to ensure all targets have been tested as intended.<\/li>\n
- The drill string path is monitored as drilling progresses using downhole Axis Champ Gyro tool and compared against the planned drill path, adjustment to the drilling technique is requested as required to ensure the intended path is followed.<\/li>\n
- Readings were recorded at 30m intervals from surface to end of hole after Benz reviewed single shot verses EOH continuous surveying of the Axis Champ Gyro tool and noted >3 degrees variance in azimuth with hole depth. The single shots produce less variability and are used for hole trace reporting in the database.<\/li>\n
- Historical drill hole surveys and methods will be reviewed in preparation for any updates to MRE in the future.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Data spacing and distribution<\/i><\/td>\n | \n\n- BNZ’s Glenburgh RC drilling has been designed to infill and extend mineralisation defined by historical drilling. Drill spacings are varied. Holes were generally angled between -65 degrees towards ~145 degrees.<\/li>\n
- The mineralised domains established for pre-BNZ Mineral Resource Estimates have sufficient continuity in both geology and grade to be considered appropriate for the Mineral Resource and Ore Reserve estimation procedures and classification applied under the 2012 JORC Code. Ongoing drilling will be sufficiently spaced for a reinterpretation based on BNZ’s structural model.<\/li>\n
- No sample compositing of material from drilling has been applied during this drilling campaign.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Orientation of data in relation to geological structure<\/i><\/td>\n | \n\n- Drilling has primarily been undertaken perpendicular to the interpreted mineralised structures as stated above.<\/li>\n
- No orientation-based sampling bias has been identified \u2013 observed intercepts to date indicate the interpreted geology hosting mineralisation is robust.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Sample security<\/i><\/td>\n | \n\n- All samples were prepared in the field by Benz Mining staff and delivered by contracted couriers from the field site to the ALS laboratory in Perth directly.<\/li>\n
- Individual pre-numbered calco sample bags are placed in polywoven plastic bags (5 per bag) secured at the top with a cable tie. These bags are annotated with the company name and sample numbers, the bags are placed in larger bulker bags for transport to ALS labs in Perth, also labelled with corresponding company name, drill hole and sample identifiers.<\/li>\n
- Sample pulps are stored in a dry, secure location at Benz’s Glenburgh camp.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n| Audits or reviews<\/i><\/td>\n | \n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
![\"Cannot](\"https:\/\/images.newsfilecorp.com\/files\/1818\/303224_2637059154ff2a81_002full.jpg\")
<\/a><\/p>\n![https:\/\/images.newsfilecorp.com\/files\/1818\/303224_2637059154ff2a81_005full.jpg<\/a><\/p>\nFor more information, please visit: https:\/\/benzmining.com\/<\/a>.<\/p>\nQualified Person’s Statement (NI 43-101) <\/b><\/p>\nThe scientific and technical information in this announcement is based on, and fairly represents, information and supporting documentation compiled by Mr Mark Lynch-Staunton, a Member of the Australian Institute of Geoscientists (AIG) (Membership ID: 6918), and a Qualified Person as defined in NI 43-101. Mr Lynch-Staunton is the Chief Executive Officer Benz Mining Corp and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Lynch-Staunton consents to the inclusion in this news release of the matters based on this information in the form and context in which it appears. Mr Lynch-Staunton owns securities in Benz Mining Corp.<\/p>\nForward-Looking Statements<\/b><\/p>\nThis news release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management as at the date of this news release, are made as of the date of this news release, and involve known and unknown risks, uncertainties and other factors. Forward-looking statements in this news release include, but are not limited to, statements with respect to: (i) the nature, scope and results of the Company’s exploration programs; (ii) the potential quantity and grade of the Company’s exploration targets; (iii) the potential for delineation of a Mineral Resource from the Exploration Target; the timing and results of future drilling, metallurgical testwork and geological modelling; the Company’s plans, objectives and expectations with respect to advancing its mineral properties; and the potential for future development of its mineral properties. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved. Forward-looking statements relating to exploration targets are inherently speculative in nature.<\/p>\nForward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to: (i) risks relating to the inherently uncertain nature of mineral exploration and development; (ii) uncertainty in the estimation of Mineral Resources and exploration targets; (iii) the possibility that future exploration results will not be consistent with expectations; (iv) commodity price fluctuations; (v) changes in general economic and market conditions; (vi) the Company’s ability to obtain financing on acceptable terms; (vii) risks related to permitting, environmental regulation and community relations; (viii) operational risks in conducting exploration activities, including weather, equipment failure and access issues; and other risks disclosed in the Company’s continuous disclosure filings available on SEDAR+.<\/p>\nAlthough the Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these assumptions will prove to be correct, and actual results may differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements.<\/p>\nThe Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain whether further exploration will result in the estimation of a Mineral Resource. Accordingly, there can be no assurance that the Exploration Target will be realized or that future exploration will result in any Mineral Resources being identified. The Company does not undertake to update any forward-looking statement except as required by law.<\/p>\nNEITHER 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.<\/p>\nAPPENDIX 1: DETAILED BREAKDOWN OF EXPLORATION TARGET<\/b><\/p>\n\n\n\nGLENBURGH EXPLORATION TARGET \u2013 by deposit and grade domain<\/b><\/td>\n<\/tr>\n\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nHurricane Camp<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nBasis<\/b><\/td>\nTonnes (Mt)<\/b><\/td>\nGrade (g\/t Au)<\/b><\/td>\nContained Gold (Moz)<\/b><\/td>\n<\/tr>\n\nHigh grade<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n25 \u2013 28<\/td>\n2.50 \u2013 2.72<\/td>\n2.0 \u2013 2.5<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n6 \u2013 7<\/td>\n2.50 \u2013 2.72<\/td>\n0.5 \u2013 0.6<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 high grade<\/b><\/td>\n31 \u2013 35<\/b><\/td>\n2.50 \u2013 2.72<\/b><\/td>\n2.5 \u2013 3.0<\/b><\/td>\n<\/tr>\n\nMineralised halo<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n166 \u2013 184<\/td>\n0.37 \u2013 0.39<\/td>\n2.0 \u2013 2.3<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n40 \u2013 44<\/td>\n0.37 \u2013 0.39<\/td>\n0.5 \u2013 0.6<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 mineralised halo<\/b><\/td>\n206 \u2013 229<\/b><\/td>\n0.37 \u2013 0.39<\/b><\/td>\n2.4 \u2013 2.9<\/b><\/td>\n<\/tr>\n\nTOTAL \u2013 Hurricane<\/b><\/td>\n235 \u2013 265<\/b><\/td>\n0.65 \u2013 0.70<\/b><\/td>\n5.0 \u2013 5.9<\/b><\/td>\n<\/tr>\n\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nIcon<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nBasis<\/b><\/td>\nTonnes (Mt)<\/b><\/td>\nGrade (g\/t Au)<\/b><\/td>\nContained Gold (Moz)<\/b><\/td>\n<\/tr>\n\nHigh grade<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n54 \u2013 60<\/td>\n1.40 \u2013 1.47<\/td>\n2.4 \u2013 2.8<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n8 \u2013 9<\/td>\n1.40 \u2013 1.47<\/td>\n0.35 \u2013 0.41<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 high grade<\/b><\/td>\n62 \u2013 69<\/b><\/td>\n1.40 \u2013 1.47<\/b><\/td>\n2.8 \u2013 3.3<\/b><\/td>\n<\/tr>\n\nMineralised halo<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n125 \u2013 139<\/td>\n0.28 \u2013 0.29<\/td>\n1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n18 \u2013 20<\/td>\n0.28 \u2013 0.29<\/td>\n0.16 \u2013 0.19<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 mineralised halo<\/b><\/td>\n143 \u2013 159<\/b><\/td>\n0.28 \u2013 0.29<\/b><\/td>\n1.3 \u2013 1.5<\/b><\/td>\n<\/tr>\n\nTOTAL \u2013 Icon<\/b><\/td>\n205 \u2013 230<\/b><\/td>\n0.62 \u2013 0.65<\/b><\/td>\n4.1 \u2013 4.7<\/b><\/td>\n<\/tr>\n\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nThunderbolt<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nBasis<\/b><\/td>\nTonnes (Mt)<\/b><\/td>\nGrade (g\/t Au)<\/b><\/td>\nContained Gold (Moz)<\/b><\/td>\n<\/tr>\n\nHigh grade<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n3.07 \u2013 3.41<\/td>\n1.40 \u2013 1.55<\/td>\n0.1 \u2013 0.2<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n16 \u2013 17<\/td>\n1.40 \u2013 1.55<\/td>\n0.7 \u2013 0.9<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 high grade<\/b><\/td>\n19 \u2013 21<\/b><\/td>\n1.40 \u2013 1.55<\/b><\/td>\n0.8 \u2013 1.0<\/b><\/td>\n<\/tr>\n\nMineralised halo<\/b><\/i><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nDrill-constrained (data-driven)<\/td>\n4 \u2013 5<\/td>\n0.28 \u2013 0.31<\/td>\n0.04 \u2013 0.05<\/b><\/td>\n<\/tr>\n\nConceptual projection<\/td>\n21 \u2013 24<\/td>\n0.28 \u2013 0.31<\/td>\n0.19 \u2013 0.24<\/b><\/td>\n<\/tr>\n\nSubtotal \u2013 mineralised halo<\/b><\/td>\n26 \u2013 29<\/b><\/td>\n0.28 \u2013 0.31<\/b><\/td>\n0.2 \u2013 0.3<\/b><\/td>\n<\/tr>\n\nTOTAL \u2013 Thunderbolt<\/b><\/td>\n45 \u2013 50<\/b><\/td>\n0.75 \u2013 0.83<\/b><\/td>\n1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nGlenburgh Exploration Target \u2013 reconciliation by camp<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n\nBasis<\/b><\/td>\nTonnes (Mt)<\/b><\/td>\nGrade (g\/t Au)<\/b><\/td>\nContained Gold (Moz)<\/b><\/td>\n<\/tr>\n\nHurricane<\/td>\n235 \u2013 265<\/td>\n0.65 \u2013 0.70<\/td>\n5.0 \u2013 5.9<\/b><\/td>\n<\/tr>\n\nIcon<\/td>\n205 \u2013 230<\/td>\n0.62 \u2013 0.65<\/td>\n4.1 \u2013 4.7<\/b><\/td>\n<\/tr>\n\nThunderbolt<\/td>\n45 \u2013 50<\/td>\n0.75 \u2013 0.83<\/td>\n1.1 \u2013 1.3<\/b><\/td>\n<\/tr>\n\nGLENBURGH EXPLORATION TARGET<\/b><\/td>\n485 \u2013 540<\/b><\/td>\n0.65 \u2013 0.69<\/b><\/td>\n10.1 \u2013 12.0<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nAppendix 2: JORC Tables<\/b>\nJORC Code, 2012 Edition \u2013 Table 1 report template<\/p>\nSection 1 Sampling Techniques and Data<\/b><\/p>\n(Criteria in this section apply to all succeeding sections)<\/p>\n\n\n\nCriteria<\/b><\/td>\nCommentary<\/b><\/td>\n<\/tr>\n<\/thead>\n\n\nSampling techniques<\/i><\/td>\n\n\nResults are part of BNZ’s RC drilling campaign at the recently acquired Glenburgh Gold Project situated ~285 km east of Carnarvon via Gascoyne Junction, WA.<\/li>\nRC drilling samples were collected as 1m single samples.<\/li>\nEach sample collected represents each one (1) metre drilled collected from the rig-mounted cone splitter into individual calico bags (~3kg).<\/li>\nThe rig mounted cyclone\/cone splitter was levelled at the start of each hole to aid an even fall of the sample through the cyclone into the cone splitter.<\/li>\nRC drilling sample submissions include the use of certified standards (CRMs), and field duplicates were added to the submitted sample sequence to test laboratory equipment calibrations. Standards selected are matched to the analytical method of photon assaying at ALS labs in Perth (~500g units). No composites were taken.<\/li>\nBased on statistical analysis of these results, there is no evidence to suggest the samples are not representative.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nDrilling techniques<\/i><\/td>\n\n\nThe RC drill rig was a Schramm C685 & T685 rig type with the capability to reach >500m depths with a rig-mounted cyclone\/cone splitter using a face sample hammer bit of 5 1\u20442 \u2013 6″ size.<\/li>\nThe booster was used to apply air to keep drill holes dry and reach deeper depths.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nDrill sample recovery<\/i><\/td>\n\n\nRC sample recovery is visually assessed and recorded where significantly reduced. Negligible sample loss has been recorded.<\/li>\nRC samples were visually checked for recovery, moisture and contamination. A cyclone and cone splitter were used to provide a uniform sample, and these were routinely cleaned.<\/li>\nRC Sample recoveries are generally high. No significant sample loss has been recorded.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nLogging<\/i><\/td>\n\n\nRC chip samples have been geologically logged on a per 1 metre process recording lithology, mineralisation, veining, alteration, and weathering.<\/li>\nGeological logging is considered appropriate for this style of deposit (metamorphosed orogenic gold). The entire length of all holes has been geologically logged.<\/li>\nRC drill logging was completed by Benz Mining staff and data entered into BNZ’s MXDeposit digital data collection platform provided by Expedio.<\/li>\nAll drill chips were collected into 20 compartment-trays for future reference and stored securely at Glenburgh camp.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nSub-sampling techniques and sample preparation<\/i><\/td>\n\n\nRC chips were cone split at the rig. Samples were generally dry.<\/li>\nA sample size of between 3 and 5 kg was collected. This size is considered appropriate, and representative of the material being sampled given the width and continuity of the intersections, and the grain size of the material being collected.<\/li>\nFor the 1 metre samples, certified analytical standards (appropriate for photon assaying) and field duplicates were inserted at appropriate intervals at a rate equal to 1 in 20 and sent for analysis with the samples.<\/li>\nSample preparation was undertaken at ALS Laboratory \u2013 Perth. Gold analysis utilised the photon assaying methodology where original samples are crushed to 90% better than -3mm with a sub-set 500g separated for non-destructive analysis.<\/li>\nAny sample reporting as having elevated > 1\u00b5Sv readings during the preparation for photon assaying at ALS labs were flagged and were submitted for fire assay (Au-AA26) methodology at ALS labs in Perth as a quantifying check against the Photon assays.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nQuality of assay data and laboratory test<\/i><\/td>\n\n\nPhotonAssay at ALS Perth: Samples submitted for PhotonAssay analysis were dried, crushed to achieve approximately 90% passing 3.15 mm, rotary split, and a nominal ~500 g sub-sample was collected (method codes CRU-32a and SPL-32a). The ~500 g sub-sample was analysed for gold using the PhotonAssay technique (method code Au-PA01), together with quality control samples including certified reference materials and field duplicates.<\/li>\nALS PhotonAssay Analysis Technique: Developed by CSIRO in collaboration with Chrysos Corporation, PhotonAssay is a rapid, chemical-free alternative to conventional fire assay that uses high-energy X-rays. The technique is non-destructive and analyses a substantially larger sample mass than the standard 50 g fire assay. ALS has extensively tested and validated the PhotonAssay method, with results benchmarked against traditional fire assay.<\/li>\nRoutine mutli-element analysis – four acid digest with ICP-MS finish (method code ME-MS61) and portable XRF (method code pXRF-NQ) has been completed down hole on a pulverize 500 g split to better than 85% passing 75um (method code PUL-32m) but this information does not form part of this report.<\/li>\nLaboratory QA\/QC is maintained through the routine use of internal certified reference materials and blanks as part of standard in-house procedures. In addition, BNZ submitted an independent suite of certified reference materials (see above). These data are formally reviewed on a periodic basis.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nVerification of sampling and assaying<\/i><\/td>\n\n\nSignificant drill intersections are checked by the supervising personnel. The intersections are compared to recorded geology and neighbouring data and reviewed in Leapfrog and QGIS software.<\/li>\nNo twinned holes have been drilled to date by Benz Mining, but, planned holes have tested the interpreted mineralised trends, verifying the geometry of the mineralised targets.<\/li>\nAll logs were validated by the Project Geologist prior to being sent to the Database Administrator for import<\/li>\nNo adjustments have been made to assay data apart from values below the detection limit which are assigned a value of half the detection limit (positive number)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nLocation of data points<\/i><\/td>\n\n\nHole collar coordinates including RLs have been located by handheld GPS in the field during initial drill site preparation. Actual hole collars were collected by a DGPS system at the Glenburgh Gold Project.<\/li>\nThe grid system used for the location of all drill holes is GDA94_MGA _Zone 50s.<\/li>\nPlanned hole coordinates and final GPS coordinates are compared in QGIS and Leapfrog project files to ensure all targets have been tested as intended.<\/li>\nThe drill string path is monitored as drilling progresses using downhole Axis Champ Gyro tool and compared against the planned drill path, adjustment to the drilling technique is requested as required to ensure the intended path is followed.<\/li>\nReadings were recorded at 30m intervals from surface to end of hole after Benz reviewed single shot verses EOH continuous surveying of the Axis Champ Gyro tool and noted >3 degrees variance in azimuth with hole depth. The single shots produce less variability and are used for hole trace reporting in the database.<\/li>\nHistorical drill hole surveys and methods will be reviewed in preparation for any updates to MRE in the future.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nData spacing and distribution<\/i><\/td>\n\n\nBNZ’s Glenburgh RC drilling has been designed to infill and extend mineralisation defined by historical drilling. Drill spacings are varied. Holes were generally angled between -65 degrees towards ~145 degrees.<\/li>\nThe mineralised domains established for pre-BNZ Mineral Resource Estimates have sufficient continuity in both geology and grade to be considered appropriate for the Mineral Resource and Ore Reserve estimation procedures and classification applied under the 2012 JORC Code. Ongoing drilling will be sufficiently spaced for a reinterpretation based on BNZ’s structural model.<\/li>\nNo sample compositing of material from drilling has been applied during this drilling campaign.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nOrientation of data in relation to geological structure<\/i><\/td>\n\n\nDrilling has primarily been undertaken perpendicular to the interpreted mineralised structures as stated above.<\/li>\nNo orientation-based sampling bias has been identified \u2013 observed intercepts to date indicate the interpreted geology hosting mineralisation is robust.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nSample security<\/i><\/td>\n\n\nAll samples were prepared in the field by Benz Mining staff and delivered by contracted couriers from the field site to the ALS laboratory in Perth directly.<\/li>\nIndividual pre-numbered calco sample bags are placed in polywoven plastic bags (5 per bag) secured at the top with a cable tie. These bags are annotated with the company name and sample numbers, the bags are placed in larger bulker bags for transport to ALS labs in Perth, also labelled with corresponding company name, drill hole and sample identifiers.<\/li>\nSample pulps are stored in a dry, secure location at Benz’s Glenburgh camp.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nAudits or reviews<\/i><\/td>\n\n\nData is validated by Benz staff and Geolytic database consultants as it is entered into MXDeposit. Errors are returned to field staff for validation.<\/li>\nAll drilled hole collars have been located with a DGPS.<\/li>\nThere have been no audits undertaken.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nSection 2 Reporting of Exploration Results<\/b><\/p>\n(Criteria listed in the preceding section also apply to this section)<\/p>\n\n\n\nCriteria<\/b><\/td>\nCommentary<\/b><\/td>\n<\/tr>\n<\/thead>\n\n\nMineral tenement and land tenure status<\/i><\/td>\n\n\nGlenburgh Gold Project is a group of 10 tenements and 2 applications. The majority of known gold deposits are located on Mining Lease M09\/148.<\/li>\nThe tenement is 100% owned by Benz Mining Limited.<\/li>\nThe tenements are in good standing and no known impediments exist.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nExploration done by other parties<\/i><\/td>\n\n\nSince Helix Resources in 1994 and subsequent work by Gascoyne Resources, about 159,149 soil samples, 1,349 vacuum holes and 2,285 auger holes have been completed at Glenburgh.<\/li>\n48 diamond holes, 398 RC holes, 6 air-core holes and 462 RAB holes have been drilled in the Glenburgh area to identify the distribution and evaluate the potential of the deposit.<\/li>\nDrilling to date has identified 10 high potential deposits in the Glenburgh area which are: Tuxedo, Icon, Apollo, Mustang, Shelby, Hurricane, Zone 102, Zone 126, NE3 and NE4 deposits.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nGeology<\/i><\/td>\n\n\nGold mineralisation at the Glenburgh deposit is hosted in Paleoproterozoic upper-amphibolite to granulite facies siliciclastic rocks of the Glenburgh Terrane, in the southern Gascoyne Province of Western Australia.<\/li>\nGold was first discovered at the Glenburgh deposit in 1994 by Helix Resources during follow-up drilling of soil geochemical anomalies. Mineralisation occurs in shears within quartz + feldspar + biotite \u00b1 garnet gneiss, which contains discontinuous blocks or lenses of amphibolite and occasional thin magnetite-bearing metamorphics, probably derived from chemical sediments.<\/li>\nHigher-grade mineralisation appears to be directly related to silica flooding in the gneiss. This silica flooding may give rise to quartz ‘veins’ up to several metres thick, although scales of several centimetres to tens of centimetres are the norm. Neither the higher-grade silica lodes nor the more pervasive lower-grade mineralisation exhibits sharp or well-defined lithological contacts.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nDrill hole Information<\/i><\/td>\n\n\nFor this announcement, 53 RC holes are being reported.<\/li>\nFor earlier released results, see previous announcements by Gascoyne Resources and Spartan Resources.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nData aggregation methods<\/i><\/td>\n\n\nNo material information has been excluded.<\/li>\nHigh grade Intercepts: A nominal 0.5g\/t Au lower cut off has been applied to results including up to a 5m limit on internal dilution unless otherwise stated. A minimum composite length of 2m is applied.<\/li>\nBulk Intercepts: A nominal 0.3g\/t Au lower cut off has been applied to results including up to a 10m limit on internal dilution unless otherwise stated. Short high-grade composites < 1.5 gram metres are included, otherwise a minimum composite length of 2m is applied.<\/li>\nHigher grade Au intervals lying within broader zones of Au mineralisation are reported as included intervals.<\/li>\nNo top cuts have been applied to reported intercepts.<\/li>\nNo metal equivalent values have been used.<\/li>\nAll reported assays have been length weighted if appropriate.<\/li>\nSome drill holes reported in this announcement were previously disclosed based on partial assay results. Completion of outstanding assays has resulted in updated intercepts now being reported.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nRelationship between mineralisation widths and intercept lengths<\/i><\/td>\n\n\nDrilling is generally oriented perpendicular to the interpreted strike of mineralisation, and intercepts are reported as downhole lengths unless otherwise stated.<\/li>\nTo improve understanding of true widths, a subset of holes in this program were drilled from the opposite azimuth to previous drilling to test structural geometry. Ongoing drilling and geological modelling are required to confirm the true orientation and extent of mineralised lenses.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nDiagrams<\/i><\/td>\n\n\nRelevant diagrams are included in the report.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nBalanced reporting<\/i><\/td>\n\n\nAll meaningful data relating to the Exploration program has been included and reported to the market as assays are received.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\nOther substantive exploration data<\/i><\/td>\n\n\nSee body of announcement.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n\n](\"https:\/\/images.newsfilecorp.com\/files\/1818\/303224_2637059154ff2a81_005full.jpg\"){kind=link}