Benz Mining Corp (ASX: BNZ) — Multiple Thick High-Grade Hits Validate and Grow Large-Scale Icon Camp Target, Glenburgh Gold Project
29 June 2026
Price Sensitive Announcement $
Highlights:
- Latest Icon drilling continues to validate the modelled wireframes underpinning Benz’s recently released Glenburgh Exploration Target, advancing the drill-supported target toward maiden Mineral Resource definition
- The Icon camp is a major component of the Glenburgh Exploration Target, contributing 63–69Mt at 1.40–1.47g/t Au for 2.8–3.3Moz within the broader Glenburgh higher-grade domain Exploration Target of 110–125Mt at 1.7–1.8g/t Au for 6.1–7.3Moz
- Approximately 80% of the Exploration Target is already drill-defined, assay-supported and wireframed, with current systematic fence-line drilling improving connectivity, adding mineralised volume and defining high-grade zones
- Standout hole 26CN029 returned 27m at 15.33g/t Au from 229m, stepping out from Icon into the adjacent Apollo area and opening a new high-grade position along the Icon–Apollo trend
- Other key drilling highlights include 88m at 1.87g/t Au from 103m (26CN043), 63m at 1.53g/t Au from 85m (26CN021), 59m at 2.47g/t Au from 288m (26CN041) and 52m at 1.50g/t Au from 47m (26CN018)
- Benz is now drilling three major camps simultaneously, with three rigs mobilised to the Thunderbolt camp alongside aggressive ongoing drilling at Icon and Hurricane, accelerating systematic testing across the Glenburgh Mining Lease
Overview:
Benz Mining has delivered another encouraging batch of results from its 2026 Icon drill program at the Glenburgh Gold Project in Western Australia’s Gascoyne region, with new drilling continuing to validate and extend the wireframes underpinning the Company’s recently released Exploration Target.
The standout result of the latest batch is hole 26CN029, which stepped out from Icon into the adjacent Apollo area and returned 27m at 15.33g/t Au from 229m — opening an entirely new high-grade position along the Icon–Apollo trend and supporting the potential for this corridor to develop into a larger connected mineralised system. Beyond that headline intercept, a string of thick, broad results — including 88m at 1.87g/t Au from 103m, 102m at 0.68g/t Au from 137m and 75m at 0.52g/t Au from 315m — continue to demonstrate that Icon is a large gold system characterised by broad mineralised zones with embedded high-grade cores.
With approximately 80% of the Glenburgh Exploration Target already drill-defined, assay-supported and wireframed, the current systematic fence-line program is focused on tightening drill spacing, linking previously separate mineralised positions and improving overall confidence in the geological model — all critical steps as Benz advances toward maiden Mineral Resource definition.
Importantly, Icon represents only around one-third of the broader Glenburgh project footprint. Benz continues to drill aggressively at the Hurricane camp and has now mobilised three additional rigs to the Thunderbolt camp, materially accelerating the systematic drilling required to convert the broader Glenburgh Exploration Target — anchored by the 18–20km Icon–Apollo trend and the high-grade Zone 126 system — toward a maiden Mineral Resource. In parallel, the Company is progressing metallurgical testwork, processing flowsheet evaluation, geotechnical, hydrogeology, environmental baseline, infrastructure and permitting workstreams to support future development studies.
Company Notes:
Benz CEO Mark Lynch-Staunton commented: “The more we drill at Icon, the more we find, and the more confidence we build. Every drill fence completed to date has supported the wireframes underpinning the Exploration Target – and in several areas has extended them – adding mineralised volume, improving continuity and growing high-grade zones within the broader Icon Camp. Icon remains firmly on track. The model is holding together, the high-grade zones are growing, and drilling continues to support the Exploration Target as we advance the drill-supported wireframes toward maiden Mineral Resource definition. Importantly, Icon is only one part of the Glenburgh story. It represents approximately one-third of the project footprint, with Hurricane and Thunderbolt camps providing major additional upside across the Mining Lease. We continue to drill aggressively at Hurricane and have now mobilised three rigs to Thunderbolt, accelerating the systematic drilling required to drive conversion of the broader Glenburgh Exploration Target toward maiden Mineral Resource definition.”
About Benz Mining Corp (ASX: BNZ | TSXV: BZ):
Benz Mining Corp is a dual-listed gold exploration company advancing its 100%-owned Glenburgh Gold Project in Western Australia’s Gascoyne region. Glenburgh is rapidly emerging as a new frontier gold district with multi-million-ounce potential, hosting an 18–20km mineralised corridor anchored by the large-scale Icon–Apollo trend and the high-grade Zone 126 underground system. The Company’s combination of thick, bulk-style mineralisation and multiple high-grade underground lenses positions Glenburgh as a rare opportunity in the Australian gold sector, with the potential to support both large-scale open pit and underground development.
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