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Benz Mining identifies sulphide and quartz veining at Placer Lake in NW Quebec

Mar 2, 2022

Benz Mining Corp. has announced that first pass greenfield drilling at Placer Lake returned several zones of alteration and mineralisation consistent with potential gold mineralisation. Drilling returned sheared and altered volcanics and felsic intrusions with associated sulphides, including pyrrhotite and chalcopyrite, corresponding to electromagnetic anomalies detected in the ground survey conducted in 2021 over this area.

"We're delighted with the encouraging results received from first pass drilling at the Placer Lake prospect," said CEO, Xavier Braud. "Placer Lake is still very much a greenfield area, so to have intersected the right geology in the first holes we drilled into untested conductors is very pleasing. Whilst assay results remain pending, this is already an outstanding result especially when we know from historical records that there is up to 8.3g/t gold and 2.7% copper in outcrop in the area.

"So many companies go and drill geophysical anomalies to only find "red herrings", Benz hasn't had a single false positive to date. So far, electromagnetics has not failed us in the Upper Eastmain Greenstone Belt. Once again, we have proven that our targeting method is extremely well suited to the style of mineralisation seen at Eastmain. We are working our way systematically through a large gold system with untested electromagnetic conductors and high-grade gold occurrences spread over 10km of strike."

Tags: Quebec / Exploration / Gold / All Articles