Business
Terra Balcanica Resources Extends Footprint of Shallow Polymetallic Cumavici Vein At Viogor-Zanik Project in Bosnia-Herzegovina
Vancouver, British Columbia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA, FSE:UB1) is pleased to conf
About this update from Terra Balcanica Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA, FSE:UB1) is pleased to confirm that step-out drilling has extended the massive, polymetallic sulphide vein system at the Cumavici Ridge target located within its 90% owned Viogor-Zanik project, Bosnia and Herzegovina. Highlights Two shallow intervals from drillholes CMVDD004 and CMVDD005 reveal visible massive sulphides of 10 m and 11 m in thickness respectively (Figure 2); the system remains open down dip and along strike (Figures 2 and 3); System strike length has been extended by approximately 50 meters west-northwest from the initial drillholes released from the Cumavici target where previously reported drillhole intervals include: CMVDD001: 824.2 g/t AgEq. over 4.0 m including 1634.4 g/t AgEq. over 2.0 m CMVDD002: 816.1 g/t AgEq. over 2.0 m CMVDD003: 465.5 g/t AgEq. over 8.7 m including 1196.6 g/t AgEq. over 2.0 m Assay results from CMVDD004 and CMVDD005 will be released shortly. Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “The 2022 maiden drill program at Cumavici Ridge has been encouraging in confirming the hypothesis of identifying a shallow, high-grade polymetallic, epithermal vein-hosted mineralized system, while also confirming its down-dip and along-strike continuity. It is very exciting to see the Cumavici Ridge target entirely open along strike allowing for continued step out and infill drilling. Our team has gained a strong understanding of the local geology and there are a series of targets that will be tested to expand the mineralized system. We see the same macroscopic features in these holes as we did in the previously released drillholes and eagerly await the assay results which are expected shortly.” The Company commenced its maiden drill program by discovering a high-grade, polymetallic vein system intercepting 824.2 g/t AgEq over 4.0 m at the Cumavici Ridge target (see news release dated September 8, 2022). Subsequently, the footprint of this intermediate sulfidation epithermal system was extended 83 m down-dip including drill intervals of 465.5 g/t AgEq over 8.7 m, including 1196 g/t AgEq over 2.0 m (see Company news release dated October 22, 2022). The subsequent step-out holes of CMVDD004 and CMVDD005 have intercepted thicker intervals of up to 11 m of massiv...