Bindi Metals kicks off drilling at Ravni gold project in Serbia

• Drilling underway at Drenjak prospect
• 2,000m of drilling planned to test multiple targets
• Mineralisation defined along two km corridor
• Drilling expected to be completed by the end of June

Bindi Metals (ASX: BIM) has kicked off a maiden diamond drill program to test multiple high-priority targets at the Drenjak and Rujak prospects at the Ravni gold project in Serbia.

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Drilling will also be undertaken at several other scout drilling targets.

At Drenjak drilling is following-up high-grade surface mineralisation with channel sampling results of 6.0m at 15.3 grams per tonne (g/t) including 2.0m at 45.6 g/t and 87.2 g/t, 48.7 g/t and 46.3 g/t in rock chips.

The samples are coincident with IP chargeability-resistivity anomalies and regional soil anomalies.

At Rujak broad mineralised zones have been identified with channel sampling results of 16m at 1.4 g/t gold and 6.7 g/t silver including 2.0m at 7.7 gold and 35.8 g/t silver coincident with IP chargeability-resistivity anomalies and regional soil anomalies.

Drilling will target high grade veins at Drenjak initially and then move to Drenjak West before focussing drilling at Rujak.

The program is expected to be completed by the end of June with assay results six to eight weeks thereafter.

“The commencement of drilling at Ravni is a major milestone for the company and represents the first modern systematic drill testing of what we believe is a significant gold system within the highly prospective Raska mining district in Serbia,” CEO, Mark Freeman, said.

“The combination of high-grade surface gold results, extensive soil anomalism and strong coincident IP chargeability anomalies across a 2km corridor provides compelling evidence of a large-scale mineralised system at Drenjak and Rujak.

“Importantly, this maiden program has been designed to test both the high-grade vein potential at Drenjak and the broader scale mineralised system identified across the project. The company believes Ravni has the potential to emerge as a significant new gold discovery within the Tethyan Belt.”

BIM is steady at 13.5¢. Mkt cap $12.43M.

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