Exploring the Untapped Potential: Bindi Metals Discovery Update
Bindi Metals Limited (ASX: BIM, “Bindi” or the “Company”) is thrilled to share an exciting exploration update on the Mutnica and Lisa Antimony Projects in Serbia. Let’s dive into the latest discoveries and developments:
Mutnica Antimony-Copper Project:
– Fieldwork has commenced successfully, uncovering antimony occurrences at the Kreva Prospect.
– A 5m wide zone of outcropping variable stibnite-arsenopyrite veins has been observed at Kreva, featuring a zone with 5-20% massive antimony stibnite minerals.
– Surface rock chip and soil samples have been submitted for assay to determine antimony and associated metals content.
Lisa Antimony-Gold Project:
– The Company has engaged a legal team to expedite the process of obtaining the required licenses for this project.
Bindi Metals Director, Eddie King, expressed his enthusiasm, stating, “We are pleased with the progress we have made in confirming the impressive antimony potential at Mutnica. We are also excited to continue the work on the copper target initiated by Apollo Minerals. Moreover, we are actively working on obtaining the necessary licenses for the Lisa Antimony-Gold Project, which is a key focus area for us in Serbia.”
Mutnica Antimony-Copper Project Update:
A team of local Serbian geologists, alongside Bindi’s Australian geologist team, is conducting a field campaign to explore the historical antimony occurrences at Kreva and conduct regional prospecting on the Mutnica license. The main objective is to relocate the historical antimony occurrences reported in 2014 and assess their economic significance.
Encouraging results have been obtained from the fieldwork, with the successful location of the historical Kreva 1 antimony occurrence. The area features intermittent outcrop of vuggy quartz breccia with visible stibnite and arsenopyrite. Notably, a standout outcrop was identified, exhibiting 5-20% stibnite concentration. Samples have been sent for analysis at the SGS laboratory in Bor to determine antimony, multi-element, and gold content.
In conclusion, Bindi Metals is making significant strides in uncovering the untapped potential of the Mutnica and Lisa Antimony Projects in Serbia. Stay tuned for more exciting updates as the exploration continues.
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