June 22, 2017 – Benz Mining Corp. has plans for 2017 exploration at its Mel zinc-lead-barite property, located in southeast Yukon. The proposed work program is scheduled to start in mid-July and will include excavator trenching and up to a maximum of 8,000 metres of diamond drilling.
The main objective of the 2017 program is to confirm and expand mineral resources, which were recently reported in a technical report titled “Technical report on the Mel zinc-lead-barite property,” with an effective date of March 20, 2017, and will focus on:
Extending areas of near-surface mineralization within the Mel Main zone;
Infill and definition drilling within the Mel Main zone;
Systematic testing of favourable stratigraphy near other known mineral showings and elsewhere on the property.
Exploration activities will be divided into three phases. Phase 1 will begin in mid-July and will include soil sampling, mapping and excavator trenching designed to test favourable stratigraphy and identify drill targets. Phase 2 will begin in mid-August and comprise approximately 3,000 m of diamond drilling within the Mel Main zone. Phase 3 is contingent upon results from prior phases and will include an additional 5,000 m of diamond drilling.
In preparation for the 2017 exploration, Benz mobilized an excavator and bulldozer to the property in early March through a winter road and ice bridge. This equipment will facilitate surface exploration and is anticipated to reduce expenditures by minimizing the reliance upon helicopters.
“The main goals are to confirm the continuity of grades and widths of mineralization within the Mel Main zone and to demonstrate areas with potential to expand the current resource, and secondarily to identify other targets within the property,” stated Michael Gareau, Benz’s vice-president of geology and exploration.
The proposed program may be expanded subject to favourable exploration results.
About the Mel project
The Mel property is located within a belt of important sedimentary exhalative zinc-lead deposits, which include the Howard’s Pass, the Tom and Jason, and the Akie deposits. Mel is situated 80 kilometres east of Watson Lake and 40 km north of the Alaska Highway in southeastern Yukon Territory.
The Mel Main zone hosts an inferred resource of 5.28 million tonnes grading 6.51 per cent zinc, 1.86 per cent lead and 45.05 per cent barite (BaSO4), at a zinc equivalent cut-off grade of 5.0 per cent. Mineralization at the Main Mel zone consists of coarse-grained sphalerite and galena disseminated throughout a mixture of mudstone, silica-carbonate and coarsely crystalline barite. Minor amounts of fine-grained, sparsely disseminated pyrite occur locally. The Main Mel zone is open downdip and potentially also along strike and has good potential to host a larger zinc-lead resource.
A complete copy of the Mel technical report prepared by independent qualified persons, H. Leo King, PGeo, and G.H. Giroux, PEng, can be viewed at SEDAR under the Benz profile or on Benz’s website. Zinc equivalent values were calculated using $1.01 (U.S.) per pound zinc, 94 U.S. cents per pound lead, and recoveries of 90.3 per cent and 97.7 per cent, respectively.
All technical information in this news release has been reviewed and approved by Michael Gareau, PGeo, vice-president of geology and exploration for Benz, a qualified person for the purposes of National Instrument 43-101.
About Benz Mining Corp.
Benz Mining is focused on acquiring and developing mining assets in safe jurisdictions and is led by a team of experienced mine developers.