Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Benz Mining Corp.
Project name: Ruby Hill West
Location: Canada
Commodities: Tantalum,Lithium,Rubidium,Caesium
Highlight: Drilling results incl. 26.4m @ 1.01% Li2O, 355ppm Ta2O5, 980ppm Cs, 1601ppm Rb from 7.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Benz Mining Corp. (TSXV:BZ, ASX:BNZ) (the Company or Benz) is pleased to provide an update on its lithium exploration activities. Assays for the 6 holes drilled in April 2022 at Ruby Hill West as part of Benz’s maiden lithium drilling have been received and confirm thick high-grade pegmatite as well as the presence of multiple dykes system in the area. The Ruby Hill West Lithium Project is a surface occurrence of spodumene bearing LCT pegmatite within the Ruby Hill West Project, located 50km due west of the Eastmain exploration camp. The occurrence was first sampled in 2016 by Eastmain Resources and then by Quebec government geologists in 2018. Only limited sampling was conducted by both groups. In the summer of 2021, a team of consultants working for Benz sampled the outcrop without sufficiently attempting to scrape the moss and other vegetation covering the underlying rocks. The samples collected returned best assay values of In March 2022, Benz conducted a drilling program at the Ruby Hill West lithium pegmatite prospect and reported a 31.2m interval of visible pegmatite with zones of visible spodumene in the drilling (ASX & TSX-V releases dated 29 April 2022 “Multiple spodumene pegmatites intersected at Ruby Hill West”). Drillholes RHW22-001, RHW22-002, RHW22-003 and RHW22-005 were drilled 100m apart from each other and targeted the geology at depth under lithium bearing pegmatite outcrop and sub-crop sampled in 2021.
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