Terra Balcanica Resources Intercepts 551 g/t AgEq Over 4.8 m at Cumavici Ridge in Bosnia and Herzegovina

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[{"type":"text","content":" News Release Video: Terra Balcanica produced a technical webinar to explain the drill results Vancouver, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce the final geochemical assay results from the Phase II drill campaign at Cumavici Ridge confirming continuation of the high-grade epithermal vein mineralization at the Viogor-Zanik project in Bosnia and Herzegovina. Highlights Drillhole CMV23001 intersected 551 g/t AgEq over 4.8 m from 11 m downhole with a further mineralized interval of 669 g/t AgEq over 0.3 m from 31.60 m (Table 1); Drillhole CMV23001 is located on the same platform as previously CMV23002b which returned 499 g/t AgEq over 3.8 m from 22 m reported (see Company news release 17 January 2024); The Cumavici Ridge mineralization remains open and untested immediately northwest and down-dip to the southwest, which will be targeted by our 2024 Phase III drill program; Further assay results from the 2023 Phase II drilling program are pending release, including 4 shallow drillholes at the Brezani Au skarn, which aim to add strike length to the previously reported 88.0 m at 0.61 g/t AuEq from surface (news release dated 24 January 2023). Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “Terra keeps on confirming average grades of over 500 g/t Ag Eq and average mineralization thicknesses of approximately 5-10 m of massive sulfides and associated Ag-Sb-Pb-Zn-Au mineralogy at Cumavici Ridge which is only one of six target zones along the 7.2 km corridor of vein-hosted epithermal mineralization. This zone is de-risked by drilling shallow, high grade silver mineralization at both the Cumavici Ridge and Joseva targets over 2.3 km apart. We are very excited to carry on adding to the existing mineralized horizon at Cumavici Ridge by testing it down dip to SW as well as along strike to NW while expanding drill campaign to Cumurnica and two other targets along the corridor in 2024.” Hole ID From(m) To(m) Length(m) Ag(g/t) Au(g/t) Pb(%) Sb(%) Zn(%) AgEq(g/t) CMV23001 11.00 15.80 4.8 132 1.61 0.57 1.56 1.51 551 CMV23001 31.60 31.90 0.3 106 0.47 0.28 3.22 1.00 669 Table 1. Assay results from drillhole CMV23001 of the Phase II drilling campaign. Interval lengths reported are drilled lengths, not true widths. Silver equivale...

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