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Terra Balcanica Resources Intersects 284 g/t AgEq over 10m Including 895 g/t AgEq over 2m at Viogor-Zanik Project in Bosnia
Vancouver, British Columbia, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to anno
About this update from Terra Balcanica Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce additional, positive step-out drill results at the high-grade polymetallic Cumavici Ridge epithermal target within its flagship, 216 km2 Viogor-Zanik project, Bosnia and Herzegovina. Highlights High grade +50 m step out: Drillhole CMVDD005 returned 284 g/t AgEq over 10.0 m including 895.8 g/t AgEq over 2.0 m (see Figure 3) approximately 50 m west-northwest of CMVDD002; Previously released intercepts at the Cumavici target returned similar high grades: 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 (see Company news releases from September 8th and October 22nd, 2022); CMVDD004, located 40 m northeast of CMVDD005, intersected 11 m of visible sulphide mineralization with assays to be released shortly (see Figures 2 and 3); Exploration upside: CMVDD005 confirms consistent high grade, polymetallic mineralization at Cumavici Ridge. The mineralization is entirely open to the NW and down-dip to the SW. High-grade results confirm the Cumavici corridor as a shallow, polymetallic epithermal discovery with significant potential for expansion. Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “Another Terra Balcanica drill step out at Cumavici Ridge and another significant, high grade intercept. The epithermal vein system discovered along the Cumavici corridor is now starting to take concrete shape and size in Terra’s geological model with a potential for considerable expansions along both the NW-SE strike and downdip towards SW. The vein hosted mineralization we see in Cumavici Ridge drill core very much corresponds to high grade, massive sulphides that are observed in the neighbouring Sase Mine, operated by Mineco Ltd., which the Viogor-Zanik project surrounds. This suggests that the Cumavici discovery is its westerly epithermal projection along a 7.2 km long, structurally controlled lineament. What particularly excites us is the shallow nature of the system where semi-massive, high grade sulphides are rarely found below 80 m depth and frequently as shallow as 35 m depth. This will facilitate a rapid advancement of our Phase II dril...