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Terra Balcanica Resources Highlights Silver and Antimony Potential of the Bosnian Viogor-Zanik Project
Vancouver, British Columbia, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) is pleased to hig
About this update from Terra Balcanica Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) is pleased to highlight the polymetallic potential of its 168 km2 Viogor-Zanik project in eastern Bosnia in anticipation of the Phase II drilling results. After approximately 2,200 m of diamond drilling completed at Chumavichi, high grade Ag-Sb-Pb-Zn-Au mineralization has been confirmed at three targets spanning over 2 km along this shallow, fault-hosted, intermediate sulfidation, polymetallic vein system (Figures 1 and 2). At the Company’s second Viogor-Zanik target of Brezani (Figure 3), Terra discovered an auriferous skarn starting from surface, superimposed on a >1.2 km long, NE-shallowing Ag-Sb-Pb-Zn mineralized, fault-hosted permeability corridor itself overlying a porphyry andesitic stock (see the Company’s news release from April 11th, 2024). The Company completed over 1,200 m of diamond drilling at Brezani with additional drill hole assays to be released imminently. The significant potential of silver (Ag) and antimony (Sb) mineralization is highlighted by the drill results from Chumavichi (Table 1) and preliminary drill core observation from the Phase II drilling at Brezani. Highlights Chumavichi Ridge drillhole CMVDD001 intercepted 824.2 g/t AgEq. with 1.85 wt.% Sb over 4.0 m from 29 m of depth, including 1,634.4 g/t AgEq. with 3.7 wt.% Sb over 2 meters; Chumavichi Ridge drill hole CMVDD002 intercepted 816.1 g/t AgEq. over 2.0 m; CMVDD003, 83-meter away from CMVDD001, intercepted a vein interval of 465.5 g/t AgEq. and 1.2 wt.% Sb over 8.7 m, including 1196.6 g/t AgEq. with 3.5 wt.% Sb over 2.0 meters; Drillhole CMVDD005 returned 284 g/t AgEq over 10.0 m including 895.8 g/t AgEq with 1.8 wt.% Sb over 2.0 m approximately 50 m west-northwest of CMVDD002 (Figure 2); The Chumavichi Ridge drillhole CMVDD004 along the same drill fence 40 m northeast of CMVDD005 returned 505.3 g/t AgEq with 1.48 wt.% Sb over 11.0 m from 43.0 m depth including 3075.4 g/t AgEq (108.5 oz/t AgEq) with 9.4 wt.% Sb over 1.7 m; Shallow, polymetallic mineralization was also intersected 600 m NW of the Cumavici Ridge where two drill holes through a new parallel structure returned 1,041 g/t AgEq with 2.95 wt.% Sb over 0.75 m (CMV23007), and 554 g/t AgEq with 1.17 wt.% Sb over 1.10 m (CMV23009); Drillhole CMV...