VANCOUVER, British Columbia, Nov. 20, 2017 (GLOBE NEWSWIRE) -- (TSX-V:BZ) (FSE:1VU) Benz Mining Corp. (the
“Company” or “Benz”), is pleased to announce that it successfully intersected additional
high-grade zinc mineralization at the Mel Main Zone. All nine 2017 drill holes encountered base metal mineralization where
predicted by the resource model. This provides a high degree of confidence in both the model and continuity of the Mel deposit
mineralization.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7850db49-2c65-42a9-a077-2d9bfce4d81c
Highlights include high-grade zinc intercepts and wide zones of mineralization:
- 11.15% zinc with 0.33% lead over 3.53m true-width in hole #053
- 27.78% zinc with 0.65% lead over 2.38m true-width in hole #056
- 10.93% zinc over 4.94m and 16.65% zinc over 0.78m, both true-widths, in hole #058
- 13.35m true-width total intercept averaging 6.41% zinc with 0.97% lead in hole #053
- 12.90m true-width total intercept averaging 8.45% zinc with 0.26% lead in hole #058
The new base metal results from the Mel Main Zone are summarized in the following table. Calculation of the
barite content of mineralized intercepts from all nine 2017 drill holes is pending completion of analysis using a method suitable
for analyzing high barium values.
MEL MAIN ZONE DRILL RESULTS |
Hole No. |
From |
To |
Interval |
Estimated True
Width |
Zinc |
Lead |
Silver |
|
(metres) |
(metres) |
(metres) |
(metres) |
(%) |
(%) |
(ppm) |
MEL-17-053 |
66.64 |
72.00 |
5.36 |
4.39 |
5.10 |
2.14 |
1.91 |
|
239.52 |
256.95 |
17.43 |
13.35 |
6.41 |
0.97 |
1.33 |
includes |
245.97 |
250.58 |
4.61 |
3.53 |
11.15 |
0.33 |
0.98 |
MEL-17-054 |
250.63 |
257.59 |
6.96 |
4.47 |
2.44 |
1.10 |
0.58 |
MEL-17-055 |
214.71 |
225.00 |
10.29 |
6.61 |
4.50 |
1.73 |
0.60 |
MEL-17-056 |
224.38 |
229.00 |
4.62 |
4.00 |
16.65 |
0.66 |
1.10 |
includes |
226.25 |
229.00 |
2.75 |
2.38 |
27.78 |
0.65 |
1.46 |
MEL-17-057 |
141.72 |
146.45 |
4.73 |
4.44 |
5.11 |
0.35 |
1.88 |
MEL-17-058 |
119.63 |
142.12 |
22.49 |
12.9 |
8.45 |
0.26 |
0.42 |
includes |
128.44 |
137.06 |
8.62 |
4.94 |
10.93 |
<0.010 |
0.48 |
includes |
140.76 |
142.12 |
1.36 |
0.78 |
16.65 |
<0.01 |
0.76 |
The 2017 in-fill drill program was successful in confirming the interpreted projection of the base metal
mineralization in the resource model. Grades and widths of zinc and lead intercepts are consistent with historical drill results.
Results also confirmed the different distribution patterns for zinc and lead mineralization which reflect the observed presence of
two mineralizing events. All nine 2017 drill holes fill information gaps in the existing model. The 2017 drilling combined with
additional drilling planned for 2018 are expected to provide the database required to upgrade the Current Inferred Resource to the
Measured and Indicated categories. Analytical results are also providing information on the tenor and distribution of silver
in the Mel deposit.
FOR THE 2017 EXPLORATION DRILL HOLE LOCATION PLAN & SECTIONS CLICK HERE
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 an ICP-MS
analysis following a 4-acid digestion for 48 elements including lead (Pb), zinc (Zn) and barium (Ba). All samples where Pb and Zn
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 with
results reported in percentage (%). The Company has determined that to obtain accurate barite content in the core samples all
samples must be analyzed for barium using a Fusion digestion and XRF finish. Calculation and disclosure of barite content are
pending final analysis for Ba.
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 visited the Mel project in late October to review the 2017 drill core.
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
For more information please contact
Benz Mining Corp.
Telephone: 604.617.1239
Email: info@benzmining.com
CAUTIONARY NOTES
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.