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Terra Balcanica Resources Discovers Gold On Surface At Brezani Target Within Viogor-Zanik Project In Bosnia
VANCOUVER, British Columbia, Aug. 17, 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, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA) is pleased to announce the results of exploration trenching at the Brezani target at its 90% owned Viogor-Zanik project in Bosnia and Herzegovina. Highlights All composite assays obtained from 4 surface trenches totaling 205 m at the greenfield Brezani target intercepted gold mineralization; Trench BRE_004 returned 32 m at 0.54 g/t AuEq. including 10 m at 1.01 g/t AuEq.; Gold-silver-zinc-copper mineralization is confirmed over a 255 m by 220 m area and open along strike within an 850 m gold-in-soil anomaly; Trenching is centred on a 1.2 km wide magnetic high coincident with a strong conductivity anomaly open at depth; this key geochemical and geophysical target will be drill-tested in the current program; Diamond drilling at Brezani has commenced and assays will be released shortly. Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “Brezani is an exciting greenfield target discovered by our team in 2021 based on systematic soil sampling and geophysics. The follow up trenching has confirmed significant gold intercepts at surface that may be part of a much larger sulfide mineralized system at depth, which is implied by a 1.2 kilometer wide magnetic and conductivity anomaly. We have now advanced the Brezani target to the drill-testing stage, and assays from our first hole will be released shortly.” Results Trench ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%) Zn (%) AuEq. (g/t) BRE_TR_001 0 48 48.0 0.11 0.11 0.015 0.04 0.15 including 30 34 4.0 0.38 0.13 0.007 0.06 0.42 BRE_TR_002 0 4 4.0 0.35 3.51 0.018 0.05 0.43 BRE_TR_003 0 34 34.0 0.14 0.58 0.007 0.04 0.17 including 28 34 6.0 0.27 0.19 0.003 0.08 0.31 BRE_TR_004 20 52 32.0 0.49 0.51 0.009 0.08 0.54 including 28 38 10.0 0.96 0.20 0.008 0.07 1.01 Table 1. Principal composite assay intervals for the Brezani surface trench samples. Gold equivalents (“AuEq.”) are based on assumed metal prices of US$1,950/oz for gold (Au), US$18.00/oz for silver (Ag), US$4.00/lb for copper (Cu) and US$1.50/lb for zinc (Zn). The calculations assume 100% metallurgical recovery and are indicative of gross in situ metal value. All values are rounded to nearest hundredth except for Cu which is rounded to a thousandth %. Figure 1. Tethyan metallogenic belts of t...