Benz Mining Corp. (TSXV: BZ) (FSE: 1VU) (the “Company” or “Benz”), is pleased to announce that it successfully intersected the high-grade zinc and lead mineralization at the south end of the Mel Main Zone.
Benz Mining Corp. (TSXV:BZ) (FSE:1VU) (the “Company” or “Benz“), is pleased to announce that it successfully intersected the high-grade zinc and lead mineralization at the south end of the Mel Main Zone. The results from the first three holes of the 2017 drilling campaign indicate opportunity for resource expansion as a southern extension of the Mel Main Zone; and presence of silver mineralization in the deposit.
Highlights include high-grade intercepts of 14.15% zinc and 4.17% lead over 0.86m in drill-hole 051; 16.50% zinc over 1.60m and 10.34% zinc with 4.33% lead over 2.70m, both in drill-hole 052. Analytical results are pending for six additional diamond drill holes completed as part of this program and will be released in the near future. New results from the Mel Main Zone are summarized as follows:
|MEL MAIN ZONE DRILL RESULTS|
|Hole No.||From||To||Interval||Estimated True Width||Zinc||Lead||Silver|
The first three holes were drilled at the south end of the Mel Main Zone resource and are located outside of the barite-bearing portion of the deposit and hence contain no significant barite. Holes 050 and 051 are near the southern limits of the deposit. They show a continuity of zinc and lead grades at depth; which opens up the potential for finding additional mineralization both at depth below this area and to the south of the known resource, where it was not previously expected based on historical drilling results.
Figure 1: DRILL HOLE LOCATION PLAN
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Figure 2: SECTION 10 + 000
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Figure 3: SECTION 10 + 100
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Miloje Vicentijevic, CEO and President, stated: “The drilled holes at Mel Main Zone were infill holes to verify results of nearby historic drill holes; which will allow the results to be used in the modelling of a new updated NI43-101 mineral resource. The results, including high grade zinc and lead, increase level of confidence that in 2018 Benz will significantly upgrade the size and resource estimate to indicated & measured resources category.”
Assays and Quality Assurance/Quality Control (QA/QC)
To ensure reliable sample results, the Company and its contractor, Archer, Cathro & Associates (1981) Limited, had an industry standard QA/QC program in place for its 2017 drill campaign that included insertion of blanks, duplicates and certified reference standards at statistically appropriate intervals within each batch of samples. Core was photographed, logged and sawn in half for sampling with one-half retained for verification purposes. Core recovery was excellent for all holes providing high quality samples. Chain-of-custody control of the samples was retained from the field camp until delivered to the laboratory.
Sample preparation (crushing and pulverizing) was performed by ALS Minerals Laboratories in Whitehorse, YT, with prepared pulps then forwarded to their analytical laboratory in North Vancouver, BC, Canada. ALS Laboratories completed a ICP-MS analysis following a 4-acid digestion for 48 elements including lead (Pb), zinc (Zn) and barium (Ba). All samples where Pb, Zn and Ba values exceeded 10,000 ppm, the upper limit of detection, were re-run using a 4-acid digestion with an ICP-AES finish for Pb and Zn and a Fusion digestion and XRF finish for Ba with the elements reported in percentage (%).
Michael Gareau, P.Geo., Vice President of Geology for Benz and a qualified person for the purposes of National Instrument 43-101, has reviewed the results of the 2017 Mel Main Zone drilling; and approved the technical information contained in this release. Mr. Gareau has over 40 years of experience in the mining industry.
About Benz Mining and the Mel Deposit: Benz Mining is focused on acquiring and developing mineral base metal assets in safe jurisdictions and is led by a team of experienced mine developers. In March 2017, the Company entered into a purchase agreement to acquire the Mel zinc-lead-barite project located in southeast Yukon (Company news release dated March 13, 2017).
On behalf of the Board of Directors of Benz Mining Corp.
Miloje Vicentijevic, President and Chief Executive Officer
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Benz Mining Corp.
Certain statements in this press release may be considered forward-looking information. These statements can be identified by use of forward terminology (e.g. “expect”,”estimates”, “intends”, “anticipates”, believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Benz in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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.
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