Terra Balcanica Resources Drills 1168 g/t AgEq Over 1.35 m At Cumavici Ridge And Confirms New Mineralization Over 600 m Northwest

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[{"type":"text","content":" News Release Video: Terra Balcanica produced a technical webinar to explain the drill results. Vancouver, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce initial assay results from the Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge epithermal vein within its principal Viogor-Zanik project in Bosnia and Herzegovina. Highlights Drillhole CMV23004 intersected 1,168 g/t AgEq (including 452 g/t Ag, 3.49 g/t Au, and 3.36% Zn) over 1.35 m from 36.2 m downhole (Table 1); Successful results from CMV23004 add approximately 50 m strike length SE of previously reported CMVDD002 which returned 816.1 g/t AgEq over 2 m (see company news release dated 22nd October 2022) with mineralization remaining open and untested down-dip (Figures 1 and 2); A discovery was made by 600 m step outs to the northwest of Cumavici Ridge where CMV23007 and CMV23009 returned 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m, respectively with more 2023 Cumavici Ridge assay intervals to follow shortly. Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “It is very exciting to continue proving up high grade silver-dominated mineralization this close to surface. The CMV23004 drillhole now confirms over 100 m of continuous high-grade mineralization at the centre of the Cumavici Ridge target. Moreover, the newly detected mineralized structure over half a kilometer to northwest speaks to the lateral extent of this prospect and provides plenty of opportunity for infill drilling to delineate its full scale, width, and grade. Our subsurface 3D geological model has been proven and is continuously refined with each successive drill hole. We are thrilled to highlight the remaining drill results from Cumavici Ridge upon completion of internal QA/QC protocol.” Hole ID From (m) To (m) Length (m) Ag (g/t) Au(g/t) Pb(%) Sb(%) Zn(%) AgEq* (g/t) CMV23004 36.20 37.55 1.35 452 3.49 2.14 1.98 3.36 1168 CMV23007 39.05 39.80 0.75 31 0.17 0.15 2.95 0.72 531 CMV23009 39.40 40.50 1.10 88 0.26 0.19 1.17 2.03 355 Table 1. Assay results of key mineralized intervals from the preliminary 2023 Phase II Cumavici drillholes. Interval lengths reported are drilled lengths, not true widths. Silver equivalents (“AgEq”) are based on assumed metal prices of ...

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