Benz Mining's (ASX:BNZ) recent mineralization discovery increases the likelihood of further blind discoveries, increasing the prospectivity of the entire 80-kilometre trend, said Euroz Hartleys in a Wednesday note.

The research firm noted that the company found 17 meters at 6 grams per tonne gold from 662 meters in a recent drilling.

The research firm believes that the most important impact of the drill results is the validation of the exploration model, which has previously predicted these high-grade lenses from surface.

Euroz Hartleys has maintained Benz Mining's buy rating, while its AU$1.01 price target is under review.

The company's shares rose past 6% to reach an all-time high in recent Wednesday trade.