Benz Mining Corp.

Recent News

  • Benz Mining: 50,000m Diamond Drilling Program and Large Surface EM Survey Underway at Eastmain

    HIGHLIGHTS First rig arrived on site on 13 January and is now drillingFirst target of 2021 drill season is the newly identified footwall conductors Numerous untested conductors from the 2020 EM campaign to be drilled in priorityFLEM underway covering 3km of potential strike extent of two trends (main mine trend and new hangingwall trend) with 2.13g/t Au rock chip sample at surface and 1m at 6.3g/t Au in an isolated shallow historical drillholeAdditional VTEM targets 1km in the hangingwall of...

    2021-01-18 9:00 AM ET
  • Benz Mining: Electromagnetics Identify New Conductive Trend in Footwall of Eastmain Mine

    HIGHLIGHTSRe-processing of FLEM identified a large conductor in the footwall of the existing resource at A Zone (376,000oz at 7.9gpt gold) Last DHEM survey of historical hole in 2020 identified off-hole conductors 200m in the footwall of A Zone confirming FLEM modelled plateThese conductors represent a potential 3rd trend to be tested in upcoming drill programsExploration expected to restart in January with 50,000m drill program and additional EM surveys to identify further targets across other trends with VTEM anomalies Results...

    2021-01-13 9:25 AM ET
  • Highly Successful Maiden Exploration Campaign Identifies New Mineralized Trend at Eastmain

    HIGHLIGHTS Maiden 7,110m, 12-hole diamond drill program successfully completed at EastmainDrilling targeted a combination of fixed-loop and borehole electromagnetic conductors identified in the recent geophysics campaigns110 line-km FLEM survey identified multiple conductors along strike of the known Eastmain Mine mineralization and highlighted potential structural repeats and new parallel mineralized horizonsBHEM in 38 historical drill holes identified target extensions to known mineralized zonesAll holes drilled this year have intersected quartz veins associated with sulphides Visible gold identified in the first holes...

    2020-12-22 9:02 PM ET
  • Benz Mining Corp. Completes Prospectus for Its Proposed Listing on the Australian Securities Exchange

    Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz"), is pleased to announce that it has lodged a Prospectus with the Australian Securities and Investments Commission in relation to its proposed dual listing on the Australian Securities Exchange ("ASX").As previously announced on September 28, 2020, under the Prospectus, the Company will issue 4,000,000 shares ("Offer Shares") at an issue price of A$0.50 per Offer Share for gross proceeds of A$2 million...

    2020-11-13 9:12 PM ET
  • Benz Mining Corp. Announces Closing of its Oversubscribed Offering of Flow-Through Units and Hard Dollar Units

    Vancouver, British Columbia--(Newsfile Corp. - October 30, 2020) - Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz"), is pleased to announce that it has closed its previously announced private placement (the "Offering") of 14,857,142 flow-through units at $0.875 (the "FT Units") and 400,000 hard dollar units at $0.55 (the "HD Units") for aggregate gross proceeds of $13,219,999.25.Each FT Unit and HD Unit consists of one (1) common share of the Company (a "Share") and 0.5 common share purchase warrant...

    2020-10-30 6:38 AM ET
  • Benz Mining Corp. Announces Property Payment

    Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) -  Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz"), is pleased to announce that it has made a $250,000 payment, of which $150,000 was paid in cash and the balance by the issuance of 124,177 shares, to Fury Gold Mines Ltd. This payment is in accordance with the terms of the Option Agreement dated August 7, 2019, as amended on April 30, 2020 (the "Agreement"), between Benz and Eastmain Resources Inc....

    2020-10-23 4:00 PM ET
  • Benz Mining Corp. Announces Stock Option Grant

    Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz"), announces that it has granted an aggregate of 3.9 million incentive stock options to certain directors, officers and consultants of Benz at an exercise price of $0.64 per share for a period of three years. The incentive stock options are governed by the terms of the Company's 10% rolling stock option plan and have been issued in accordance with the policies...

    2020-10-22 4:00 PM ET
  • Benz Mining Corp. Announces Upsize to Previously Announced Private Placement of Flow Through Shares

    Vancouver, British Columbia--(Newsfile Corp. - October 9, 2020) - Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz"), is pleased to announce that it intends to upsize its previously announced non brokered private placement to an aggregate of up to 14,857,143 units on a flow through basis (up from 11,500,000 units) at a price of $0.875 per unit for gross proceeds of up to C$13,000,000.Each FT Unit will consist of one common share of the Company and 0.5 common...

    2020-10-09 7:51 AM ET