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Benz Mining (ASX:BNZ) - CEO, Xavier Braud - The Market Herald
CEO, Xavier Braud
Source: Mining News
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  • Benz Mining (BNZ) has provided an update on a recent geophysical survey conducted at Loop G within the Eastmain Gold Project in Canada
  • The fixed-loop electromagnetics (FLEM) survey identified multiple EM conductors that could extend previous discoveries and the overall footprint of the Eastmain Gold Project
  • Benz began a 50,000-metre drilling program at the start of the year to test new and existing high-grade zones and expand the overall gold system
  • Drill core samples are being submitted for fire and screen fire assays
  • However, due to a second and third wave of COVID-19 in Canada, assays are delayed
  • Company shares are down 3.61 per cent and trading at 80 cents

Benz Mining (BNZ) has provided an update on a recent geophysical survey conducted at Loop G within the Eastmain Gold Project in Quebec, Canada.

The fixed-loop electromagnetics (FLEM) survey targeted the eastern areas of the Eastmain Mine and Kotak trends discoveries.

Pleasingly, the FLEM survey identified multiple EM conductors that could extend the Kotak and Eastmain Mine trends by more than 500 metres which would significantly expand the Eastmain project's footprint.

Late last year, Benz discovered the E Zone by drilling a single hole that intersected 5.4 metres at 3.8g/t gold. Since its discovery, more holes have been drilled in the E Zone — two of which have confirmed visible gold.

As part of a 50,000-metre drilling program, the company is continuing to test the EM conductors.

"Thanks to the second rig we can now test and define more of those targets this year. Our aggressive 50,000-metre drilling campaign is designed to expand quickly and substantially the size of the whole system via discovery of new high grade zones using electromagnetics as a direct targeting tool," CEO Xavier Braud said.

Excitingly, another FLEM conductor has been identified around one kilometre east of the E Zone. This conductor is highly encouraging as it's located near a historical drill hole that returned 1.1 metres at 6.3g/t gold.

Samples from the current drill program are being submitted for fire and screen fire assays. However, due to a second and third wave of COVID-19 in Canada, assays are delayed.

Company shares are down 3.61 per cent and trading at 80 cents at 1:39 pm AEST.

BNZ by the numbers
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