Join our daily newsletter At The Bell to receive exclusive market insights
- Benz Mining (BNZ) has received its second drill rig for the Eastmain gold mine in Quebec, Canada
- The company originally booked the rig to commence in February, however, this was delayed due to COVID-19 restrictions and driller availability
- The second drill rig will help Benz speed up its drilling program at the project
- Around 40,000 metres of drilling is planned for 2021, with the first assay results anticipated shortly
- On the market, Benz is up 13.6 per cent and is trading at 88 cents per share
Benz Mining Corp (BNZ) has received its second drill rig for the Eastmain gold mine in Quebec, Canada.
The company originally booked the rig to commence in February, however, this was delayed due to COVID-19 restrictions and driller availability pressure from increased winter drilling activities.
The second drill rig will help Benz speed up its drilling program at the project.
Around 40,000 metres of drilling is planned for 2021, with the first assay results anticipated shortly.
“We still have multiple untested and undertested targets from our 2020 fixed loop and down-hole electromagnetic [EM] surveys and we are still generating more targets,” CEO Xavier Braud said.
“Additionally, several new discoveries we made last year need follow up. We have recently completed the acquisition of 56 line-kilometre of fixed loop EM and we are looking forward to updating the market on those surveys shortly,” he added.
Benz is on track to continue growing the footprint of the Eastmain project.
On the market, Benz is up 13.6 per cent and is trading at 88 cents per share at 3:36 pm AEST.
