BNZ - Benz Mining Corp

[System]

Benz Mining Corp is a Canadian mineral exploration company. Its flagship project is the Eastmain Gold Project in Québec.

The Company has the exclusive option to earn up to a 100% interest in the Eastmain Gold Project, the Ruby Hill West property and Ruby Hill East property located in the James Bay region of Québec, Canada.

The Project is situated in a highly prospective region, and was previously producing (MSV Resources Inc. mined 118,356 tonnes grading 10.58 g/t Au and 0.3% Cu by room and pillar mining (1995)). At present, the Project has a Mineral Resource estimate comprised of Indicated Resources of 899,000t at an average grade of 8.19 g/t Au for 236,500 Au oz and Inferred Resources of 579,000t at an average grade of 7.48 g/t Au for 139,300 Au oz.

It is anticipated that BNZ will list on the ASX during December 2020.

Home - Benz Mining Corp

benzmining.com

 

[Dona Ferentes]

not a bad Xnas present for those onboard .... IPO at 50c and opened well north (up near the Arctic Circle?)

Listing date	23rd December 2020 11:30AM AEDT ##
Contact details	Benz Mining: Canadian Junior Mining Company Benz Mining Corp. is a Canadian mining development company focused on advancing its projects located in the Americas. Our vision is to become a profitable mining producer and value creation for all stakeholders. benzmining.com Ph: +61 8 6143 6702
Principal Activities	Mining and Exploration
GICS industry group	1510
Issue Price	$0.50
Issue Type	CDIs
Security code	BNZ
Capital to be Raised	$2,000,000
Expected offer close date	30 November 2020
Underwriter	Not underwritten

 

[frugal.rock]

TSXV: BZ, ASX: BNZ
03 February 2022
HIGH GRADE LITHIUM
AT RUBY HILL WEST

HIGHLIGHTS

• High grade lithium mineralisation identified over a large outcropping area at Ruby Hill West, with additional high-value credits from rubidium, caesium and tantalum

• Samples confirmed presence of LCT pegmatite and returned:
 1.9% Li2O, 3160ppm Rb, >500ppm Cs, 274ppm Ta
 1.6% Li2O, 3470ppm Rb, >500ppm Cs, >500ppm Ta
 0.8% Li2O, 980ppm Rb, >500ppm Cs, >500ppm Ta
 0.5% Li2O, 3810ppm Rb, >500ppm Cs, 324ppm Ta

• Results extend strike length of previously identified by surface sampling:
 4.7% Li2O, 1720 ppm Rb (>100ppm Ta, >500ppm Cs)
 2.59% Li2O, 1970ppm Rb, 1030 ppm Ta and 7530 ppm Cs

• Outcrop identified over 100m x 40m open in all directions and untested by drilling

• Area along strike strongly prospective for potential repeats of pegmatite dykes with
little past exploration for this commodity

• Magnetic “lows” shows possible extent to the pegmatite over several kilometres under glacial cover

• Unexplored structural setting may hold potential for additional LCT pegmatites over the length of the greenstone belt of which Benz controls 35km

• Preparations for drilling underway with commencement expected end of March / April as soon as weather permits

 

[frugal.rock]

I figured most holders will be holding out for a better price.

I have bought a small parcel at the $0.71 figure. ?