Bindi Metals’ maiden drilling at Serbia’s Ravni Project reveals significant high-grade gold and silver mineralisation, validating a large epithermal system with further assay results pending.
- Maiden drilling completed with 14 diamond holes over four prospects
- High-grade gold intercepts include 2m at 21.6 g/t Au at Drenjak
- Silver intercepts include 5m at 71.1 g/t Ag at Rudnjak North
- Drilling confirms extensive 3 km epithermal gold-silver corridor
- Majority of assay results remain outstanding, guiding next drilling phase
Maiden Drilling Validates High-Grade Targets at Ravni
Bindi Metals Limited (ASX:BIM) has delivered a promising start to its exploration at the Ravni Project in Serbia, with its maiden diamond drilling program confirming high-grade gold and silver mineralisation across multiple prospects. The 14-hole campaign, totalling over 2,159 metres, has substantiated the presence of a large epithermal hydrothermal system spanning an interpreted 3-kilometre corridor.
Rush assay results from the Drenjak, Rujak, and Rudnjak North prospects have already revealed standout intercepts. At Drenjak, hole RAV26011 intersected 2 metres at 21.6 grams per tonne (g/t) gold from 47 metres, including a 1-metre interval grading 37.8 g/t gold. Meanwhile, Rudnjak North’s RAV26010 returned 5 metres at 71.1 g/t silver from 112.8 metres, highlighted by a 1-metre segment hitting 341 g/t silver. Both mineralised zones remain open at depth, with assays pending below these intervals.
Geological Insights and Drilling Challenges
The drilling at Drenjak overcame earlier technical difficulties related to poor ground conditions and core loss, with the introduction of a larger-capacity rig improving core recovery and assay reliability. The results confirm continuity of high-grade mineralisation previously identified by surface channel sampling and historic underground workings, reinforcing the prospect’s potential.
At Rudnjak North, the drilling intersected wide zones of epithermal massive to semi-massive sulphide breccia over 45-metre widths, indicative of a fertile hydrothermal system. The silver mineralisation occurs at the end of the current assay interval, with further results expected to clarify the system’s vertical and lateral extent. The alteration and mineralisation style are consistent with upper levels of a high-sulphidation epithermal system, suggesting potential for gold mineralisation at depth.
Structural Controls Revealed at Rujak Prospect
Drilling at the Rujak prospect encountered mineralised gold, silver, and base metals; however, the target zone was offset by an unmapped low-angle normal fault. This structural complexity explains why the drilling did not intersect the main mineralised zone, which was previously sampled at surface with encouraging grades. Despite missing the target, the drilling has substantially improved the geological model, reducing exploration risk and guiding future drill targeting.
Next Steps in Exploration
Bindi Metals plans to integrate the extensive geological, geochemical, and structural data from this maiden program as remaining assay results are received over the next six to eight weeks. This will refine the geological model and prioritise follow-up drill targets. The company intends to continue its summer regional exploration program and complete permitting for the next drilling phase, which will focus on extensions of mineralisation and other high-priority targets identified during this initial campaign.
Bottom Line?
With high-grade gold and silver confirmed and most assays pending, Bindi Metals’ Ravni Project is poised for a critical next phase of exploration that could unlock significant value.
Questions in the middle?
- How will pending assay results reshape the understanding of mineralisation continuity at Ravni?
- What are the implications of the structural offset at Rujak for future drilling strategies?
- To what extent can the epithermal system at Ravni support a resource estimate with further drilling?