05:39:04 EDT Mon 29 Jun 2026
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Benz Mining Corp.
Symbol BZ
Shares Issued 325,857,248
Close 2026-06-26 C$ 2.37
Market Cap C$ 772,281,678
Recent Sedar+ Documents

ORIGINAL: Benz Confirms Multiple Thick High-Grade Hits Validate and Grow Large-Scale Icon Camp Target

2026-06-28 22:45 ET - News Release

HIGHLIGHTS:

  • Latest Icon drilling continues to validate the modelled wireframes underpinning Benz's recently released Glenburgh Exploration Target and advance the drill-supported target toward maiden Mineral Resource definition.

    The Icon camp is a major component of the Glenburgh Exploration Target, contributing 63–69 Mt at 1.40–1.47 g/t Au for 2.8–3.3 Moz within the broader Glenburgh higher-grade domain Exploration Target of 110–125 Mt at 1.7–1.8 g/t Au for 6.1–7.3 Moz.

    The potential quantity and grade of 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. Full details are set out in the announcement dated 24 June 2026.

    Approximately 80% of the Exploration Target is already drill-defined, assay-supported and wireframed. The current systematic fence-line drilling at Icon continues to support the target wireframes, improve connectivity, add mineralised volume and define high-grade zones as Benz advances toward maiden Mineral Resource definition.

  • 27m at 15.33 g/t Au from 229m was returned from standout hole 26CN029, stepping out from Icon into the adjacent Apollo area and opening a new high-grade position along the Icon–Apollo trend.

Vancouver, British Columbia--(Newsfile Corp. - June 28, 2026) - Benz Mining Corp (ASX: BNZ) (TSXV: BZ) ("Benz" or the "Company") is pleased to report ongoing results from its 2026 Icon drill program.

Drilling highlights include:

• 27m at 15.33 g/t Au from 229m (26CN029)• 52m at 1.50 g/t Au from 47m (26CN018)
• 59m at 2.47 g/t Au from 288m (26CN041)• 48m at 1.00 g/t Au from 166m (26CN051)
• 63m at 1.53 g/t Au from 85m (26CN021)• 13m at 2.79 g/t Au from 106m (26CN015)
• 88m at 1.87 g/t Au from 103m (26CN043)• 102m at 0.68 g/t Au from 137m (26CN050)
• 60m at 0.87 g/t Au from 184m (26CN039)• 44m at 0.81 g/t Au from 355m (26CN052)
• 39m at 1.66 g/t Au from 154m (26CN030)• 64m at 0.63 g/t Au from 219m (26CN044)
• 52m at 0.95 g/t Au from 396m (26CN032)• 34m at 1.22 g/t Au from 205m (26CN014)
• 53m at 0.88 g/t Au from 234m (26CN032)• 75m at 0.52 g/t Au from 315m (26CN042)
• 66m at 1.03 g/t Au from 211m (26CN053)

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1818/303224_2637059154ff2a81_002.jpg

Figure 1: Drill section looking east across Icon, 20 m viewing window. Systematic infill drilling continues to support, connect and extend the modelled wireframes underpinning the Icon component of the Glenburgh Exploration Target as Benz advances toward maiden Mineral Resource definition. Previous drilling is shown as grey trace lines.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/303224_2637059154ff2a81_002full.jpg

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."

Summary of Results and Interpretation

The latest Icon Camp results continue to support Benz's interpretation of Icon as a large gold system made up of broad mineralised zones with high-grade cores developed within them.

The drilling has delivered three important outcomes:

  1. Validation of the modelled wireframes
    New holes continue to intersect mineralisation within the interpreted wireframes that underpin the Icon component of the Glenburgh Exploration Target. This supports the geological model and increases confidence in the continuity of the mineralised system.

  2. Improved connectivity and added mineralised volume
    Systematic fence-line drilling is linking previously separate mineralised positions, improving continuity between lodes and adding mineralised volume within the broader Icon Camp. This is important for future Mineral Resource definition, as the current program is focused on tightening drill spacing and improving confidence in the model.

  3. Growth of high-grade zones and extension toward Apollo
    Several holes have returned thick, high-grade intercepts, demonstrating that high-grade zones remain open and continue to develop within the broader mineralised system. The standout step-out in 26CN029 also opens a new high-grade position toward Apollo, supporting the potential for the Icon–Apollo trend to form a larger connected mineralised corridor.

Overall, the results show that the Icon model is holding together under systematic drilling. Each completed drill fence has supported the wireframes underpinning the Exploration Target, while also improving continuity, adding mineralised volume and defining high-grade zones. This provides increasing confidence as Benz advances the drill-supported Icon target toward maiden Mineral Resource definition.

Next Steps

Benz is now advancing Glenburgh on two fronts: accelerating systematic drilling across Icon, Hurricane and Thunderbolt, while also progressing the pre-development workstreams required to support future study work.

At Icon, drilling will continue to step through the camp on systematic fence lines to tighten spacing, confirm continuity and define high-grade zones. At Hurricane, aggressive drilling is continuing to validate and extend the second major camp. At Thunderbolt, three rigs have now been mobilised to accelerate testing of the third major camp on the Glenburgh Mining Lease.

In parallel, Benz is progressing metallurgical testwork, processing flowsheet evaluation, geotechnical, hydrogeology, environmental baseline, infrastructure and permitting-related work programs.

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Figure 2: Collar Map holes in this announcement.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/303224_2637059154ff2a81_003full.jpg

Glenburgh Deposit Geology

The Glenburgh deposit geology is interpreted to comprise muddy pelitic sediments and mafic volcanic rocks metamorphosed to migmatites and amphibolites during the ca. 1990 Ma Glenburgh Orogeny. Within this package of rocks, an extensive sea floor or sub-sea floor alteration system is associated with gold mineralisation.

The core of the mineralised envelope at Glenburgh is defined by a folded sequence of metapelitic rocks interlayered with silica-rich grey chert bands, sulphide and oxide sedimentary iron formations, iron-rich grunerite bearing layers, and tungsten-rich and phosphate bands.

Recrystallisation of gold and other silicate minerals during granulite facies metamorphism is considered responsible for the exceptional metallurgical recoveries reported in the announcement dated 17 June 2026.

Glenburgh – A New Frontier Gold District

The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-million-ounce potential. Located in Western Australia's Gascoyne region, Glenburgh hosts an 18–20 kilometre mineralised corridor anchored by the large-scale Icon–Apollo trend and the high-grade Zone 126 system.

Glenburgh's unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector. With gold prices at record levels, the ability to develop both large-scale open pit and underground operations offers exceptional leverage and growth potential.

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Figure 3: Geological overview of the Glenburgh Gold Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/303224_2637059154ff2a81_004full.jpg

- END -

This announcement has been approved for release by the Board of Benz Mining Corp.

For more information please contact:

Mark Lynch-Staunton
Chief Executive Officer Benz Mining Corp.
E: mstaunton@benzmining.com
T: +61 8 6143 6702

About Benz Mining Corp.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia.

Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions.

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To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1818/303224_2637059154ff2a81_005full.jpg

For more information, please visit: https://benzmining.com/.

Qualified Person's Statement (NI 43-101)

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.

Forward-Looking Statements

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.

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+.

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.

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.

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.

APPENDIX 1: DETAILED BREAKDOWN OF EXPLORATION TARGET

GLENBURGH EXPLORATION TARGET – by deposit and grade domain
  


Hurricane Camp


BasisTonnes (Mt)Grade (g/t Au)Contained Gold (Moz)
High grade


Drill-constrained (data-driven)25 – 282.50 – 2.722.0 – 2.5
Conceptual projection6 – 72.50 – 2.720.5 – 0.6
Subtotal – high grade31 – 352.50 – 2.722.5 – 3.0
Mineralised halo


Drill-constrained (data-driven)166 – 1840.37 – 0.392.0 – 2.3
Conceptual projection40 – 440.37 – 0.390.5 – 0.6
Subtotal – mineralised halo206 – 2290.37 – 0.392.4 – 2.9
TOTAL – Hurricane235 – 2650.65 – 0.705.0 – 5.9
  


Icon


BasisTonnes (Mt)Grade (g/t Au)Contained Gold (Moz)
High grade


Drill-constrained (data-driven)54 – 601.40 – 1.472.4 – 2.8
Conceptual projection8 – 91.40 – 1.470.35 – 0.41
Subtotal – high grade62 – 691.40 – 1.472.8 – 3.3
Mineralised halo


Drill-constrained (data-driven)125 – 1390.28 – 0.291.1 – 1.3
Conceptual projection18 – 200.28 – 0.290.16 – 0.19
Subtotal – mineralised halo143 – 1590.28 – 0.291.3 – 1.5
TOTAL – Icon205 – 2300.62 – 0.654.1 – 4.7
     


Thunderbolt


BasisTonnes (Mt)Grade (g/t Au)Contained Gold (Moz)
High grade


Drill-constrained (data-driven)3.07 – 3.411.40 – 1.550.1 – 0.2
Conceptual projection16 – 171.40 – 1.550.7 – 0.9
Subtotal – high grade19 – 211.40 – 1.550.8 – 1.0
Mineralised halo


Drill-constrained (data-driven)4 – 50.28 – 0.310.04 – 0.05
Conceptual projection21 – 240.28 – 0.310.19 – 0.24
Subtotal – mineralised halo26 – 290.28 – 0.310.2 – 0.3
TOTAL – Thunderbolt45 – 500.75 – 0.831.1 – 1.3
   


Glenburgh Exploration Target – reconciliation by camp


BasisTonnes (Mt)Grade (g/t Au)Contained Gold (Moz)
Hurricane 235 – 2650.65 – 0.705.0 – 5.9
Icon205 – 2300.62 – 0.654.1 – 4.7
Thunderbolt45 – 500.75 – 0.831.1 – 1.3
GLENBURGH EXPLORATION TARGET485 – 5400.65 – 0.6910.1 – 12.0

 

Appendix 2: JORC Tables
JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

CriteriaCommentary
Sampling techniques
  • 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.

  • RC drilling samples were collected as 1m single samples.

  • Each sample collected represents each one (1) metre drilled collected from the rig-mounted cone splitter into individual calico bags (~3kg).

  • 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.

  • 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.

  • Based on statistical analysis of these results, there is no evidence to suggest the samples are not representative.

Drilling techniques
  • 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 1⁄2 – 6" size.

  • The booster was used to apply air to keep drill holes dry and reach deeper depths.

Drill sample recovery
  • RC sample recovery is visually assessed and recorded where significantly reduced. Negligible sample loss has been recorded.

  • 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.

  • RC Sample recoveries are generally high. No significant sample loss has been recorded.

Logging
  • RC chip samples have been geologically logged on a per 1 metre process recording lithology, mineralisation, veining, alteration, and weathering.

  • Geological logging is considered appropriate for this style of deposit (metamorphosed orogenic gold). The entire length of all holes has been geologically logged.

  • RC drill logging was completed by Benz Mining staff and data entered into BNZ's MXDeposit digital data collection platform provided by Expedio.

  • All drill chips were collected into 20 compartment-trays for future reference and stored securely at Glenburgh camp.

Sub-sampling techniques and sample preparation
  • RC chips were cone split at the rig. Samples were generally dry.

  • 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.

  • 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.

  • Sample preparation was undertaken at ALS Laboratory – 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.

  • Any sample reporting as having elevated > 1µSv 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.

Quality of assay data and laboratory test
  • 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.

  • 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.

  • 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.

  • 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.

Verification of sampling and assaying
  • 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.

  • 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.

  • All logs were validated by the Project Geologist prior to being sent to the Database Administrator for import

  • 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)

Location of data points
  • 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.

  • The grid system used for the location of all drill holes is GDA94_MGA _Zone 50s.

  • Planned hole coordinates and final GPS coordinates are compared in QGIS and Leapfrog project files to ensure all targets have been tested as intended.

  • 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.

  • 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.

  • Historical drill hole surveys and methods will be reviewed in preparation for any updates to MRE in the future.

Data spacing and distribution
  • 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.

  • 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.

  • No sample compositing of material from drilling has been applied during this drilling campaign.

Orientation of data in relation to geological structure
  • Drilling has primarily been undertaken perpendicular to the interpreted mineralised structures as stated above.

  • No orientation-based sampling bias has been identified – observed intercepts to date indicate the interpreted geology hosting mineralisation is robust.

Sample security
  • 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.

  • 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.

  • Sample pulps are stored in a dry, secure location at Benz's Glenburgh camp.

Audits or reviews
  • Data is validated by Benz staff and Geolytic database consultants as it is entered into MXDeposit. Errors are returned to field staff for validation.

  • All drilled hole collars have been located with a DGPS.

  • There have been no audits undertaken.

 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

CriteriaCommentary
Mineral tenement and land tenure status
  • Glenburgh Gold Project is a group of 10 tenements and 2 applications. The majority of known gold deposits are located on Mining Lease M09/148.

  • The tenement is 100% owned by Benz Mining Limited.

  • The tenements are in good standing and no known impediments exist.

Exploration done by other parties
  • Since 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.

  • 48 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.

  • Drilling 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.

Geology
  • Gold 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.

  • Gold 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 ± garnet gneiss, which contains discontinuous blocks or lenses of amphibolite and occasional thin magnetite-bearing metamorphics, probably derived from chemical sediments.

  • Higher-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.

Drill hole Information
  • For this announcement, 53 RC holes are being reported.

  • For earlier released results, see previous announcements by Gascoyne Resources and Spartan Resources.

Data aggregation methods
  • No material information has been excluded.

  • High 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.

  • Bulk 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.

  • Higher grade Au intervals lying within broader zones of Au mineralisation are reported as included intervals.

  • No top cuts have been applied to reported intercepts.

  • No metal equivalent values have been used.

  • All reported assays have been length weighted if appropriate.

  • Some 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.

Relationship between mineralisation widths and intercept lengths
  • Drilling is generally oriented perpendicular to the interpreted strike of mineralisation, and intercepts are reported as downhole lengths unless otherwise stated.

  • To 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.

Diagrams
  • Relevant diagrams are included in the report.
Balanced reporting
  • All meaningful data relating to the Exploration program has been included and reported to the market as assays are received.
Other substantive exploration data
  • See body of announcement.
Further work
  • Assays for the remainder of the programme will be reported once received and validated.

  • Ongoing drilling across the Glenburgh camp to extend mineralisation along strike and at depth.

 

Appendix 3: Collar Table. Coordinates system: GDA94/MGA Zone 50

Hole IDEastingNorthingElevationDipAzimuthEnd Depth
26CN001411182719169030056335684
26CN002411576719224830456156585
26CN005411213719214030055154366
26CN004411657719179330455335660
26CN008410238719168229665147505
26CN007410552719213029655179402
26CN006411891719192631155335600
26CN013411656719179730453325585
26CN011410499719166129756359450
26CN010410325719172229761151605
26CN009410777719213429757182336
26CN039409626719156829663159528
26CN019409466719157129563161600
26CN017409547719137629660162150
26CN022409759719121129862338528
26CN016409527719125429768338402
26CN015409515719128629766339354
26CN014409443719146129560158450
26CN040409626719156729656157468
26CN037409935719146329760160105
26CN056409642719139029661159200
26CN055409651719136629660160102
26CN053409516719157729564159600
26CN035409777719144529761160324
26CN052409527719154829562159600
26CN034409784719142629759160284
26CN033409793719140229760161204
26CN050409546719149029563159426
26CN051409532719152429562164588
26CN049409565719144029662161480
26CN048409574719142629660160312
26CN032409781719128129869339522
26CN047409582719140429661161270
26CN046409591719137929660160204
26CN045409608719135629660160120
26CN031409674719157829660160552
26CN044409485719154629560160600
26CN030409699719151729762161360
26CN043409510719148429560159450
26CN029409710719148729760160450
26CN042409493719152529560160580
26CN028409725719146129760159384
26CN041409503719149629560161552
26CN027409740719143329761161168
26CN025409754719140829760160102
26CN021409509719147329560161450
26CN024409678719141829658159150
26CN023409688719139029660160120
26CN020409519719144929559164282
26CN018409538719140129660159204
26CN059409615719146329660162354
26CN060409623719143929660162324
26CN036409765719148229758160402

 

Appendix 4a: High 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.

Hole IDFromToAu (ppm)Length
26CN0013353420.77
26CN0013693720.63
26CN0014054070.72
26CN0014284331.35
26CN0014544573.13
26CN0014784821.64
26CN0015545591.45
26CN0015785811.43
26CN0016466690.623
26CN00168068424
26CN0052462530.87
26CN0052602681.68
26CN0052932980.85
26CN0053093220.613
26CN0053383410.93
26CN0044054070.82
26CN0082142161.22
26CN0082402421.22
26CN0082532710.618
26CN0065265331.77
26CN00654254513
26CN0135585701.212
26CN0113683730.85
26CN0101831881.45
26CN01019820214
26CN0102222251.23
26CN0102382520.914
26CN0102582600.82
26CN0102842870.73
26CN00991951.24
26CN0091021050.73
26CN039184232148
26CN0392822900.68
26CN0392993070.78
26CN0393153230.78
26CN0393333410.68
26CN03934735619
26CN03937738427
26CN0394224350.913
26CN0192822870.95
26CN0192963050.69
26CN0195655690.64
26CN01745590.914
26CN01786950.79
26CN0223003080.68
26CN0224184260.88
26CN0224334451.112
26CN0161701730.63
26CN0161982020.84
26CN0162162240.58
26CN0162392420.53
26CN0163003100.810
26CN01510611357
26CN0152012030.62
26CN0152282320.74
26CN0152472491.12
26CN0141021200.718
26CN0141371480.811
26CN0141561581.12
26CN01421421611.52
26CN0142242271.93
26CN0142362392.73
26CN0142572660.79
26CN0142722890.917
26CN0401681790.711
26CN0401921941.92
26CN0402342410.97
26CN0402542681.114
26CN0402953010.56
26CN0403053120.57
26CN0403213380.717
26CN0403513580.87
26CN0403743761.62
26CN03739411.52
26CN05625270.62
26CN05650551.25
26CN05671771.26
26CN05685900.75
26CN0556111.15
26CN05518220.84
26CN05544462.32
26CN0532112141.53
26CN0532252282.83
26CN0532382410.83
26CN0532492580.99
26CN0532662773.611
26CN05338339017
26CN0534414432.12
26CN03518220.54
26CN03554561.52
26CN0521921951.53
26CN0522062180.812
26CN0522532580.55
26CN0522993051.56
26CN0523243290.85
26CN052371395124
26CN0347120.55
26CN03427300.73
26CN0501141271.613
26CN0501381571.419
26CN0501801820.72
26CN0501942121.118
26CN0502182390.521
26CN0502542560.52
26CN0503543581.34
26CN0511661730.77
26CN0511832041.721
26CN0512102131.23
26CN0512462490.63
26CN0513193440.825
26CN0513923990.97
26CN0514404590.719
26CN0514764850.79
26CN0515455483.23
26CN0515565770.621
26CN04915220.77
26CN04936471.411
26CN0491581680.510
26CN0487300.723
26CN048851040.819
26CN0481121190.57
26CN0481331400.67
26CN0322452531.58
26CN0322652851.520
26CN0323063141.98
26CN0323313331.52
26CN0323443461.82
26CN0324034281.625
26CN0324434480.75
26CN04751530.82
26CN04759840.925
26CN047991011.42
26CN04635430.58
26CN0465668112
26CN0461051083.13
26CN04514210.77
26CN0311811830.62
26CN0311982050.97
26CN0312292330.74
26CN0312542710.517
26CN0313303351.25
26CN0313513730.622
26CN0441831851.52
26CN0442312361.85
26CN0442482800.832
26CN0444644681.24
26CN03066691.23
26CN0301541621.38
26CN0301721810.59
26CN03019019315.43
26CN0302512570.66
26CN0302622650.83
26CN03028028818
26CN0431031114.58
26CN0431281356.17
26CN0431411431.22
26CN0431561872.431
26CN0431942040.710
26CN0432182210.83
26CN0432322401.48
26CN0432482500.82
26CN0432652741.39
26CN0433023052.23
26CN02930322.32
26CN02947500.53
26CN0291121200.78
26CN02922925416.525
26CN0292942960.72
26CN0293743761.22
26CN0294084100.52
26CN042213234121
26CN0422622650.63
26CN0422742764.12
26CN0423293360.77
26CN0423463720.926
26CN0425215231.92
26CN02871850.614
26CN02891981.57
26CN0282892910.92
26CN04194960.82
26CN0411041060.92
26CN0411281411.313
26CN04115416117
26CN0411691720.73
26CN0412342361.62
26CN0412902950.85
26CN0413113473.836
26CN0415435461.13
26CN02728340.56
26CN0257141.97
26CN02531360.85
26CN021851391.854
26CN0211621730.711
26CN0212022040.82
26CN0212092110.72
26CN02491112
26CN02417230.66
26CN02454561.32
26CN02463710.78
26CN02482900.68
26CN02322250.73
26CN02042440.72
26CN02048690.721
26CN02089931.14
26CN0201401530.913
26CN0201911940.63
26CN01853614.88
26CN01870842.414
26CN0181011110.710
26CN05951660.615
26CN05967781.211
26CN0591001200.720
26CN0591331520.819
26CN06030320.82
26CN0601031101.17
26CN036961071.611

 

Appendix 4b: Bulk 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.

Hole IDFromToAu (ppm)Length
26CN0013293420.513
26CN0013693840.315
26CN0014044080.54
26CN0014284590.731
26CN0014784960.618
26CN0015155180.43
26CN0015545820.628
26CN0016456840.639
26CN0022552650.710
26CN0052392680.829
26CN0052923530.461
26CN0043273282.61
26CN0044054070.82
26CN0081871910.44
26CN0082142260.412
26CN0082402720.532
26CN0083583630.45
26CN0084744760.42
26CN0072202220.32
26CN0064634670.44
26CN0065235460.823
26CN0065585610.43
26CN0135475770.630
26CN0119120.73
26CN0111521570.35
26CN0111891940.35
26CN0113683730.85
26CN0101832070.624
26CN0102112250.414
26CN0102382620.724
26CN0102842930.49
26CN0103083100.82
26CN0103643660.62
26CN01054754831
26CN0105625670.85
26CN009353621
26CN009891140.425
26CN0391691711.72
26CN0391842440.960
26CN0392743430.469
26CN0393463890.643
26CN0394194420.723
26CN0394844880.34
26CN0395015080.47
26CN0191561640.48
26CN0192823120.530
26CN0194484500.42
26CN0194634700.47
26CN0195655780.313
26CN01737590.622
26CN01770950.425
26CN0223003300.430
26CN0223803840.44
26CN0223923940.42
26CN0224184490.731
26CN0161701740.64
26CN0161962020.66
26CN0162162200.54
26CN0162212610.340
26CN0162873110.524
26CN0151061192.813
26CN0152012030.62
26CN0152192560.437
26CN0152772800.53
26CN014991200.621
26CN0141371580.621
26CN0142052391.234
26CN0142552890.734
26CN0401241270.33
26CN0401672080.441
26CN0402232730.650
26CN0402913760.585
26CN0404454520.57
26CN03714230.39
26CN03731480.317
26CN05623350.412
26CN056505616
26CN05671900.619
26CN0556111.15
26CN05518460.428
26CN05336380.32
26CN0532052070.42
26CN053211277166
26CN0533733960.523
26CN0534144230.59
26CN0534334610.328
26CN03518310.413
26CN03536680.432
26CN0521111130.42
26CN0521551570.52
26CN0521882260.538
26CN0522402430.43
26CN0522522670.315
26CN0522853050.620
26CN0523213420.421
26CN0523553990.844
26CN0340180.318
26CN03423420.319
26CN0331641670.93
26CN050941270.833
26CN0501372390.7102
26CN0502502560.46
26CN0502742800.36
26CN0502872920.45
26CN0503543660.612
26CN0511091200.411
26CN051166214148
26CN0512292320.43
26CN0512442620.318
26CN0512882910.43
26CN0512943470.553
26CN0513633810.318
26CN0513924010.89
26CN0514384860.548
26CN0515175210.54
26CN0515425860.644
26CN04915230.78
26CN04935481.213
26CN04976790.43
26CN0491101160.46
26CN0491581680.510
26CN0491791830.44
26CN0491881900.62
26CN0492362470.411
26CN0487300.723
26CN04856580.42
26CN048711200.549
26CN0481281450.417
26CN0481701720.42
26CN0481952000.55
26CN0322342870.953
26CN032298316118
26CN0323313460.615
26CN0323964480.952
26CN0324934970.44
26CN04749860.737
26CN047991060.57
26CN04628710.543
26CN046951080.813
26CN0455220.417
26CN0311811830.62
26CN0311962070.711
26CN0312292810.452
26CN0313303740.644
26CN0314124140.42
26CN04435380.43
26CN0441831851.52
26CN0442192830.664
26CN0444454480.43
26CN0444614680.87
26CN03066760.510
26CN0301541931.739
26CN0302172220.45
26CN0302502680.518
26CN0302803100.430
26CN0303203240.44
26CN04375770.52
26CN0431031911.988
26CN0431942250.431
26CN0432322840.652
26CN0432923050.613
26CN02930322.32
26CN02943500.47
26CN029961310.435
26CN0291611721.311
26CN02922925615.327
26CN0292942960.72
26CN0293443470.33
26CN0293583760.318
26CN0294084200.412
26CN0421501530.33
26CN0421942340.840
26CN0422572880.531
26CN0423153900.575
26CN0425185230.95
26CN02871990.728
26CN0281311324.51
26CN0282892910.92
26CN041941060.312
26CN0411211410.920
26CN0411531720.619
26CN0412342610.427
26CN0412752770.32
26CN0412792830.34
26CN0412883472.559
26CN0415345490.415
26CN02727530.326
26CN0256360.730
26CN021851481.563
26CN0211621870.525
26CN0212022150.413
26CN0212772791.52
26CN0213133150.72
26CN0214354370.52
26CN0248230.415
26CN02452900.538
26CN02311260.415
26CN02042780.536
26CN02089931.14
26CN0201091110.52
26CN0201381530.815
26CN0201691704.11
26CN0201841960.312
26CN01847991.552
26CN0181011180.517
26CN0181321380.46
26CN05951910.640
26CN0591001490.649
26CN0591701810.411
26CN06010120.52
26CN06018210.43
26CN06030390.49
26CN06067700.43
26CN06085920.47
26CN060991440.445
26CN03634360.42
26CN036881140.826

 

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