VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Benz Capital Corp. (TSX VENTURE:BZ) ("Benz" or the "Company") announces that it has received assay results from the 2013 diamond drill program completed on the Eagle Property located on the southeastern flank of Galena Hill in central Yukon. The purpose of the drilling was to confirm grades reported by past operators. Benz completed two diamond drill holes to a combined depth of 450 m on the Property.
Both diamond drill holes EAG-13-01 and EAG-13-02 intersected polymetallic Ag-Pb-Zn ± Au, Indium veins which were intended to test the best historic intercept to date from diamond drill hole 64-23 which intersected 7,625 gpt Ag, 1.2% Pb over a 1.2 m interval.
Drillhole EAG-13-01 was intended to step out slightly from vertical diamond drill hole 64-23 and was drilled at an 85° angle from the same drill pad. The hole intersected 0.75m of 8.29% Zn, 204 gpt (7.20 ozpt) Ag and 55.18 gpt (1.95 ozpt) Indium.
Drillhole EAG-13-02 was drilled to step out from DDH 64-23 and was drilled 20° east of diamond drill hole EAG-13-01 at a 70° angle. The hole intersected 435 gpt (15.34 ozpt) Ag, 18.8% Zn, 238.1 gpt (8.40 ozpt) Indium and 0.42 gpt Au.
Tabulated Drill Highlights
|EAG-13-01*||180.90||182.30||1.40|| || ||0.08||6.70||65.82||2.32||0.12|
|EAG-13-02||130.37||130.87||0.50|| || ||0.05||2.63||22.93||0.81||0.09|
*Denotes average of two samples (duplicate sample analyzed).
NB- The reported intersections are drilled thicknesses and are believed to represent approximately 70 to 100% true widths.
KENO SILVER DISTRICT HISTORY
Between 1921 and 1988, the Keno Hill Silver District was a world-class silver producer, with more than 217 million ounces of silver produced at average grades of 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc (Yukon Government's MINFILE database). Historical production grades ranks Keno Hill Silver District in the top 3% by grade of today's global silver producers.
Benz employs a rigorous QA/QC protocol on all aspects of sampling and analytical procedure including insertion of blank, duplicate and standard reference samples. Drill core is checked, logged, marked for sampling and split in half whereby half is sent for analysis and half is kept for future reference. Drill core samples were shipped to ISO Certified AcmeLabs at Whitehorse, Yukon for preparation, and 53-element ICP analysis and fire-assay completed at the AcmeLabs facility in Vancouver, British Columbia. Samples are further analyzed employing the appropriate methodology for over-limit analyses of silver (Ag), gold (Au), lead (Pb), zinc (Zn), and indium (In).
Mr. Miloje Vicentijevic, P.Eng., M.Eng., a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and CEO of the Company, reviewed and approved the scientific and technical disclosure in this release.
Benz is a junior mining company focused on developing and exploring mineral properties located in North America. For more information, please refer to the Company's website at www.benzcapital.com.
This news release contains statements that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain final acceptance of the TSX Venture Exchange. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.