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Benz Mining Updated Gold Mineral Resource of 621 koz Inferred and 384 koz Indicated at Eastmain
HIGHLIGHTS Updated Independent Mineral Resource Estimate (MRE) in accordance with NI 43-101 ...
About this update from Benz Mining Corp.
[{"type":"text","content":"Benz Mining Updated Gold Mineral Resource of 621 koz Inferred and 384 koz Indicated at EastmainHIGHLIGHTS Updated Independent Mineral Resource Estimate (MRE) in accordance with NI 43-101 guidelines defined on Eastmain Project at a 2.5 g/t Au cut-offClassificationTonnes (M)Au (g/t)Au (koz)Indicated1.39.0384Inferred3.85.1621 Note: rounding errors applyIndicated and Inferred Resources at Eastmain have increased by 61% and 345% respectively from the previous MRE released in 2019The Updated MRE is primarily based on 34,443 m of drilling (63 DDH out of 92 drilled) completed in 2021 and new discoveries at Zone D, Zone E and Zone NWRobust MRE verified by two independent experts using realistic mining assumptions (2 m minimum mining width and 1.5 g/t Au cut off for wireframes) Large high-grade Indicated MRE of 9.0 g/t gold highlights potential with further infill drilling High-grade mineralization starts at surface with a historical exploration decline in placeNumerous lower confidence areas were targeted in 2023 drill programs with potential to increase size and scale of the deposit, especially in Zones D and EToronto, Ontario and Perth, Australia--(Newsfile Corp. - May 23, 2023) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the Company or Benz) is pleased to announce a Mineral Resource Estimate (MRE) update on the Eastmain Project in Quebec, Canada. The Updated MRE has been possible following an extensive 2021 drilling campaign on the Eastmain Mine Shear Zone within the Eastmain Project in James Bay, Quebec.Executive Chairman, Evan Cranston, commented: \"I am extremely proud to be able to deliver shareholders our updated gold MRE today. When management took over at the onset of the Covid pandemic, we started exploration with a theory that we could target Eastmain's high-grade gold using electromagnetic surveys, both down-hole and on the ground. Since the start of drilling, we were set back by Covid and six months plus assay turnaround times which meant for the majority of the time, we were drilling blind with only visual results to tell us if we were on the right track. \"Fast forward to now and we have delivered 384 koz Indicated and 621 koz Inferred gold at a very healthy 9.0 and 5.1 g/t respective gold grades using realistic mining parameters. This result is a testament to our team and highlights the enormous potential at the high...