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Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) has successfully completed its over-subscribed private placement, raising a total of $2,112,246.15 CAD by issuing 6,034,989 units at $0.35 CAD each. The offering comes with a four-month hold period, expiring May 28, 2022. Additionally, the company has paid $55,020 CAD in cash finder’s fees and issued broker warrants. The funds will support an 8000m diamond drill program at the Sonora property and provide working capital.
Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) has finalized drill locations for its inaugural drilling program at the Sonora Gold property in Mexico. This program aims to explore high-grade mineralized shoots and understand mineralization behavior at depth. Initially, 15 drill holes will target three exploration areas, with potential adjustments based on management and geological team input. The company is also planning a non-brokered private placement financing to fund further exploration. The Sonora Gold project spans 6,000 ha in the Caborca gold belt, near Magna Gold Corp’s San Francisco mine.
Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) has announced results from a microthermometry analysis of fluid inclusions from 42 samples taken from the Sonora Gold property. Conducted by experts at UNAM, the analysis revealed magmatic hydrothermal fluids in most samples, supporting potential for Au-Cu enrichment. The study indicated mineralization at depths of 150m to 750m, providing insights into the project’s economic potential. The findings suggest a possible porphyry system at the site, enhancing the prospects for future exploration.
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Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) has announced the completion of a 43-101 technical report on its Sonora Gold property, located in Sonora, Mexico. The report highlights a mineralized zone exceeding 6 kilometers, indicating significant polymetallic deposits with potential copper-gold porphyry system characteristics. The company plans further exploration and detailed mapping within the next 2-3 months to define drilling targets. This advancement is viewed as a step forward in the company's exploration efforts in the Caborca gold belt.
Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) reported significant mineral findings in the Las Antenas area, adjacent to Caracahui Norte. Rock samples revealed copper values up to 2.4% and gold values reaching 1.5 g/t. The mineralized structures now extend 3,400m. This discovery was made during a stream sediment sampling campaign, and further mapping and sampling are underway to assess the full extent of mineralization. The areas will be combined under the new name 'El Fierro' for clarity.
Benjamin Hill Mining Corp. (CSE: BNN, OTCBB: BNNHF) announced a significant update on its Sonora copper vein structure, extending over 1200 meters with notable values of 9.6 g/t gold, 169 g/t silver, and 4.3% copper. The Saguaro vein also shows promising assays, including 3.5 g/t gold and 1.7% copper. The company is optimistic about the exploration potential and plans to conduct further evaluations and underground drilling to assess additional mineralized structures.
Benjamin Hill Mining Corp. has announced its inaugural drill program at the Sonora Gold property in the Caborca Gold belt, Mexico. The program includes 80 strategically located drill holes targeting major mineralized structures. The first phase will involve 3,200m of diamond drilling across four exploration areas, focusing on the best surface assay results. A deep exploration hole is also planned to investigate a significant geophysical magnetic anomaly. The project aims to maximize data collection to assess mineralization potential.
Benjamin Hill Mining Corp. has announced new assay results from the Benjamin Hill property, highlighting high-grade mineralization in the Sonora Gold concession. Recent assays from a skarn outcrop returned up to 15.9 g/t Au, while other samples showed values exceeding 200 g/t Ag. The Caracahui vein structures, adjacent to a historical mine, have a strike length over 3 km. This area exhibits significant potential with additional exploration ongoing. The ongoing work aims to identify targets for drilling, indicating increased economic viability of the mineral-rich Caracahui area.
On September 14, 2021, Benjamin Hill Mining Corp. announced the filing of a National Instrument 43-101 compliant technical report on its Benjamin Hill Property in Mexico, effective July 25, 2021. The report details extensive hydrothermal systems enriched in gold (Au), silver (Ag), and copper (Cu) over a 6-km length. The property features eight exploration areas, with six currently active. The report emphasizes the potential for a Cu-Au porphyry system at depth and recommends further exploration, including mapping, sampling, and drilling to identify promising mineral occurrences.