“Best place to explore in Europe, it’s at surface:” Australian Bindi finds 48.7 grams per ton of gold in Ibar Valley

Australian mining company Bindi Metals is accelerating exploration work at its Ravni gold project in Serbia ahead of planned upcoming drilling. As reported by Stockhead, Australian finance and mining portal, early-stage exploration hints at the potential for a large-scale epithermal gold system in the Drenjak location.

Here, adit sampling returned an eye-catching 4m interval grading 19.0g/t gold and 39g/t silver. And nearby trenching delivered 5m at 14.9 g/t gold and 12.2g/t silver, including 1m at 35.2g/t gold and 4g/t silver.

The portal reports that Bindi’s recent mapping program reinforced the high-grade potential at Drenjak, with rush assays serving up 48.7g/t gold, 22.8g/t gold, and 5.3g/t gold.

At Rujak, historical channel sampling returned 12m at 0.5g/t gold and 4g/t silver, including 2m at 1.9g/t gold and 5.8g/t gold. Rock sampling also delivered 3.1g/t gold and 11.8g/t silver. More recently, Bindi’s own rock sampling confirmed high-grade mineralization at Rujak, returning assays of up to 12.1g/t gold and 181g/t silver.

Regarding the hole in the Drenjak location, Bindi Metals managing director Mark Freeman told Stockhead that it had only got drilled to 50 meters and that it had intersected one vein.

Management added that relogging of the hole identified a 10-12 meter zone of epithermal mineralization which has now been submitted for laboratory analysis.

Bindi Metals director Henry Renou told Stockhead about Ravni that it was the best place to explore in Europe and that the surface mineralization suggested multi-million ounce potential.

Stockhead reminds that the company is launching a subsurface mineralization exploration at these two locations, at greater depths, and that drilling is expected to begin in the second quarter of 2026.

Bindi Metals recently received approval from the Serbian Ministry of Mining and Energy for its first drilling program, with a total length of up to 2,500 meters.

The company took over the Ravni project last fall from RedCreek doo.

Ravni is a settlement near the village of Biljanovac, in the Ibar Valley, Raska Municipality, and the gold project, which received a license last month, covers 30.5 km2 of exploration area.

The project has previously been explored by various companies including First Quantum Minerals, Tethyan Resources, Euromax and most recently Terra Balcanica, and the research has yielded incredible results: at the Ceoviste location alone, surface rock samples showed up to 64 grams per ton of gold.

Bindi Metals has said in previous statements that Ceoviste will be the main “target” of the exploration.

B. P.

Bindi Metals

Ravni

Biljanovac

Ibar Valley

Drenjak

Rujak

Čeovište

Mark Freeman

Henry Renou

Ravni gold project

gold

gold exploration