NEW ULTRA HIGH GRADE GOLD DISCOVERY AT MT EGERTON
| Stock | BENZ Mining Corp (BNZ.ASX) |
|---|---|
| Release Time | 17 Mar 2026, 9:46 a.m. |
| Price Sensitive | Yes |
NEW ULTRA HIGH GRADE GOLD DISCOVERY AT MT EGERTON
- New ultra-high grade Kilkenny discovery offset beneath the historic Hibernian Gold Mine
- 7m at 223 g/t gold from 270m within 11m at 144 g/t gold
- Emerging eastern gold camp at Mt Egerton with potential for significant and untested gold system
Benz Mining Corp (ASX: BNZ) has announced the discovery of the Kilkenny Zone, a new ultra-high-grade gold discovery located beneath the historic Hibernian Gold Mine at the Company's Mt Egerton Gold Project in Western Australia. The Kilkenny discovery forms part of Benz's ongoing work to re-think the geological and structural model of the Mt Egerton Goldfield, which was discovered in early gold-rush times but remained underexplored by modern techniques. RC drilling at Mt Egerton in 2025-2026 was designed to provide better stratigraphic understanding and geometric context to the mineral system at the Hibernian Mine. The revised structural model presented a new target position beneath the Hibernian mine and further to the East, where mapped shear zones interact with a folded gabbro sill, that was likely offset and separated from known mineralisation. Hole 26EGN013 intersected an exceptional high-grade gold interval of 7m at 223 g/t gold from 270m, within 11m at 144 g/t gold, validating the structural model and discovering Kilkenny. The Kilkenny target is interpreted to represent a structural repeat of mineralisation closer to the surface at Hibernian, suggesting the possibility of multiple stacked high-grade shoots along the same structural corridor. In addition to the immediate Hibernian-Kilkenny prospects, Benz's regional interpretation has identified a potential camp-scale cluster of prospects approximately 2km east of the Hibernian Mine, where the geological setting is disrupted by a more-brittle NW-SE oriented thrust fault zone. This cluster of prospects, including Mako, Gift, and Trading Post, presents a significantly larger exploration target than the Hibernian Mine alone and may represent a different style of mineralisation. Benz views the Mt Egerton Goldfield as a highly underexplored gold district where modern structural interpretation is beginning to reveal new opportunities, with the potential to provide additional high-grade satellite ore sources to complement the future development of the company's flagship Glenburgh Gold Project.
Benz plans to advance gold exploration across the Mako-Gift-Trading Post prospect cluster to the east of Hibernian, drill test further extensions of Kilkenny, and map and test additional targets along the Hibernian structural corridor such as the Galway prospect.