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Benz Mining Announces New High-Grade Discovery at Eastmain

Dec 6, 2021

Benz Mining Corp. has announced results for 13 holes from D and E Zones at the Eastmain Gold Project (Eastmain or the Project), which are now confirmed as new high-grade lodes and have the potential to become an integral part of the Eastmain deposit.

Benz Mining CEO, Xavier Braud, commented:

"These high-grade results confirm that both D and E Zones host the high-grade shoots we were looking for, making them similar to A, B and C Zones which form part of our 376,000oz at 7.9g/t gold resource1. One intercept of 7.9m at 35.9g/t gold is 100m away from hole EM20-141, which returned 3.5m at 8.5g/t gold last year in our proof-of-concept campaign of drilling electromagnetic targets, signalling that Eastmain is set to grow considerably under Benz' ownership.

"Both D and E Zones have large footprints as indicated by electromagnetics. We are still drilling wide spaced holes on 75 to 100m spacing, pushing out the boundaries of the mineralised system. We have not found any end to mineralisation; everything is still very much open in all directions. We have 4 more holes with visible gold spread out over 600m of plunge at D Zone and visible gold over a large 200m x 300m area.

"The discovery of a mineralised tonalite at E Zone is highly significant as it represents a new style of mineralisation and a new structural framework for E zone. We have been able to track it to shallow depths (<30m vertical) with more recent holes. The spectacular visible gold intercept from hole EM21-229 shows that potential high-grade mineralisation at E Zone comes close to surface.

"To speed up assays, we have sent multiple batches of core samples to a different laboratory and we are looking forward to using the first PhotonAssay facility commercially available in the whole of the Americas under our 20,000 samples per month priority agreement in the new year."

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