Icon Delivers Shallow High Grade Gold Discovery

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Stock BENZ Mining Corp (BNZ.ASX)
Release Time 28 Jan 2026, 9:06 a.m.
Price Sensitive Yes
 Icon Delivers Shallow High Grade Gold Discovery
Key Points
  • Ultra high-grade shallow lens emerging at Icon through infill drilling
  • Icon drilling continues to demonstrate large-scale bulk mineralisation
  • Tuxedo drilling extends mineralisation 200m+ at depth
Full Summary

Benz Mining Corp is pleased to report results from the Icon trend within the Glenburgh Gold Project in Western Australia. The latest drilling at Icon and Tuxedo continues to reinforce the view that this is a large, coherent mineralised system with genuine scale. At Tuxedo, first pass step-out drilling has successfully extended mineralisation by more than 200 metres down-dip, well beyond the limits of historical drilling. At Icon, infill drilling is delivering improved continuity and the emergence of high-grade zones within a broad mineralised envelope. When considered together, Icon and Tuxedo sit within the same mineralised footprint and are increasingly shaping up as a single, large open-pit style system. With more than 3 kilometres of strike already defined and less than 30% tested to date, the company is still in the early stages of unlocking the full potential of this system. Upcoming drilling will focus on expanding the footprint along strike and at depth, while continuing to infill and upgrade the higher-grade zones.

Outlook

Benz believes the Icon trend has the potential to evolve into a large, long-life gold system. The company is now preparing to systematically test the full >3 km long Icon trend throughout 2026 with drilling planned to depths of 300-500 metres. This work will step out along strike, test down-dip continuity, assess the scale of the broader mineralised system, and evaluate the potential for a single large-scale open pit development.