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Terra Balcanica Resources Confirms Cumavici Vein Discovery And Reports 824.2 g/t Silver Equivalent Over 4.0 Metres Within Its Viogor-Zanik Project In Bosnia
Vancouver, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA) is pleased to announce the
About this update from Terra Balcanica Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA) is pleased to announce the results of its maiden drilling at the Cumavici prospect at its 90% owned Viogor-Zanik project, Bosnia and Herzegovina. The Company intercepted a shallow, high-grade polymetallic vein with the first drillhole completed on the project. Highlights Discovery of shallow, high-grade, polymetallic, vein-hosted mineralization; Drillhole CMVDD001 intercepted 824.2 g/t AgEq. over 4.0 m from 29 m of depth, including 1,634.4 g/t AgEq. over 2.0 meters; Results confirm the shallow nature of the Cumavici corridor where much of the 7.2 km NW-SE strike length remains untested; Over 1,000 meters of assays are pending from the Cumavici target area; further assays will be released over the coming month and a half. Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “The intercept of the Cumavici vein is an important milestone for Terra Balcanica after over 18 months of systematic surface geology and drill target generation. High grade polymetallic assays close to surface confirm the macroscopic observations of massive Pb-Zn-Sb sulfides and warrant down-dip as well as along-strike step outs to delineate the size of this epithermal system. As an early mover in Bosnia and Herzegovina, we are looking forward to following the success of Adriatic Metals in applying modern exploration in an underexplored country with prospective ground. We eagerly await assay results from additional drill holes which will be reported once received.” Drill Results Drillhole From (m) To (m) Length (m) Ag (g/t) Au (g/t) Pb (%) Sb (%) Zn (%) AgEq (g/t) CMVDD001IncludingIncluding 29 33 4.0 131.5 0.84 2.12 1.85 4.59 824.2 30 32 2.0 261.0 1.62 4.2 3.70 9.10 1634.4 43 48 5.0 26.1 0.13 0.09 0.18 0.14 78.7 46 48 2.0 62.5 0.21 0.19 0.42 0.29 172.6 Table 1. Assay results of key mineralised intervals for diamond drillhole CMVDD001. Interval lengths reported are drilled lengths, not true widths. Silver equivalents (“AgEq”) are based on assumed metal prices of US$1,950/oz for gold (Au), US$18.00/oz for silver (Ag), US$1.00/lb for lead (Pb), US$4.50/lb for antimony (Sb) and US$1.50/lb for zinc (Zn). The calculations assume 100% metallurgical recovery, indicative of gross in situ metal value. CMVDD001: Results corroborate obs...