Business
Terra Balcanica Resources Intersects 457 g/t AgEq Over 4.15 m At Central Cumavici Ridge Target In Bosnia and Herzegovina
Vancouver, British Columbia, Nov. 13, 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, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce further high-grade assay results from the Phase II drill campaign confirming a continuation of the Cumavici Ridge epithermal vein zone within its principal Viogor-Zanik project in Bosnia and Herzegovina. Highlights Drillhole CMV23003 intersected 457 g/t AgEq over 4.15 m from 43.85 m downhole (Table 1). The mineralized footprint at Cumavici Ridge has expanded significantly over the past 18 months (see Company news release dated 8th and 20th September as well as 22nd October 2022, 11th January, 2nd February, and 27th February 2023) where the Phase I drill results included: CMVDD001 – 824.2 g/t AgEq over 4 m CMVDD002 – 816.1 g/t AgEq over 2 m CMVDD003 – 465.5 g/t AgEq over 8.7 m CMVDD004 – 505.3 g/t AgEq over 11 m CMVDD005 – 284 g/t AgEq over 10 m Mineralized vein intercept points to a wider down-dip continuation of the high-grade mineralization from the previously reported 1,168 g/t AgEq over 1.35 m (see company news release dated 7th November 2023) in drillhole CMV23004, which is open and untested at depth to the SW (Figure 1); Results from CMV23004 and CMV23003 have added ca. 45 m strike length SE to the previously reported CMVDD002 which returned 816.1 g/t AgEq over 2 m (see company news release dated 22nd October 2022); The mineralized footprint at Cumavici Ridge now extends over 600 meters and remains open along strike and at depth (Figure 2); Further 2023 assay intervals to follow from Cumavici Ridge including CMV23001 and 002b, both of which intercepted massive sulphide mineralization as shallow as 7.1 m downhole. Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “The latest drill intercept reaffirms both continuity and silver-dominated polymetallic grades continuously intercepted at the Cumavici Ridge target. Together with the 600 m northwesterly step out zone, the central Ridge area now forms a potentially continuous half a kilometer long mineralized footprint where hypothesized shallow, vein-hosted massive sulphides await drill confirmation. We have further assay results to release from the Cumavici target zone as well as pending assay results from the Brezani gold skarn-copper porphyry target which is the other Viogor-Zanik prospect that was drill tes...