Benz Mining's (ASX:BNZ) high-grade intercepts from Zone 126, coupled with broad lower-grade intercepts from Icon-Apllo, "are the rare combination of grade and scale," according to a Wednesday Euroz Hartleys note.

The company on Tuesday said that it found high-grade gold mineralization during recent drilling at its Glenburgh gold project's Zone 126 prospect in Western Australia.

The results were up to 15 meters at 12.7 grams per tonne grade of gold from 850 meters, and 20 meters at 5 g/t gold from 676 meters.

The research firm believes that the results bode well for future blind discoveries, through the entire 80-kilometre trend.

Euroz Hartleys maintained its buy rating on Benz Mining and increased its price target to AU$2.39 from AU$2.17.