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Benz Mining Identifies Shallow High-Grade Gold Mineralization at Western Australia Project; Shares Down 3%

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Benz Mining (ASX:BNZ) said it identified shallow, high-grade gold mineralization from ongoing drilling at the Hurricane Camp, part of its Glenburgh Gold Project in Western Australia, according to a Tuesday Australian bourse filing.

The results were of up to 70 meters at 2.9 grams per tonne gold from 214 meters, including 37 meters at 5.2 grams per tonne gold,

The company said that drilling is continuing to validate, connect, and extend the modelled wireframes underpinning Benz's recently released Glenburgh exploration target and advance the drill-supported target toward maiden mineral resource definition.

A major 400-meter down-plunge step-out has opened a new underground growth opportunity at Hurricane, with first-pass drilling more than 400 meters down plunge of Zone 126 intersecting the mineralized system in line with Benz's down-plunge projection, potentially doubling the Hurricane search space, the filing added.

The company's shares fell past 3% in recent Tuesday trade.

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