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- IP survey modelling complete with strong anomalies corresponding to known high-grade gold mineralisation
- Anomaly at Drenjak modelled over 900m in length
- Anomaly at Rujak modelled over 1,100m in length
- Site preparation works underway ahead of planned maiden drilling this month
Bindi Metals (ASX: BIM) has identified significant new anomalies after assessing induced polarisation (IP) at the Ravni exploration licence in south-western Serbia.
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The IP results have been processed and modelled from a total of 14 line kilometres along 10 pole-dipole IP lines at the Ravni project.
Chargeability anomalies, with associated resistivity highs, were modelled across the project correlating with outcropping zones of high-grade mineralisation at priority targets Drenjak and Rujak, as well as a number of new anomalies defined in the IP data.
At Drenjak, IP anomalies correspond with high-grade surface mineralisation including a 900m strike length chargeability anomaly which corresponds with previously reported channel sampling results.
At Rujak the IP anomaly was modelled over 1,100m length corresponding to channel results of 16m at 1.4 grams per tonne (g/t) gold, 6.7 g/t silver including 2.0m at 7.7 g/t gold, 35.8 g/t silver.
CEO, Mark Freeman, said the results represent a meaningful step forward in the company’s understanding of the Ravni project.
“With drilling now approaching, we are well positioned to test a series of compelling targets defined by the IP survey and supported by our soil and rock chip sampling,” he said.
“What stands out is the scale and coherence of the anomalies, which align closely with known high- grade mineralisation at surface. This gives us confidence that we are targeting the right parts of the system as we move into drilling.
“The upcoming program is designed to systematically test these zones at depth and along strike, and we are looking forward to delivering the next phase of results.”
All land access agreements and drill permits have been secured, enabling commencement of the maiden diamond drilling program. Baseline environmental studies have been completed with site works and mobilisation underway for drilling.
Bindi is planning to mobilise drill rigs to site and commence the 2,000m diamond drilling program targeted for this month.
BIM is up 14.3% to 16.0¢. Mkt cap $11.97M.
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