Canada’s Terra Balcanica Resources (CSE TERA / WKN FRA:UB1) has made an auspicious start. The first drill results from the main Viogor-Zanik project in Bosnia-Herzegovina have yielded, among other things, more than 1,100 grams of silver equivalent per tonne!
Terra Balcanica wanted to prove the continuity of the epithermal vein in the Cumavici Ridge target area of Viogor-Zanik with the drilling now reported – and succeeded spectacularly. As has just been reported, the company encountered 1,168 g/t silver equivalent over 1.35 meters at a depth of just 36.2 meters in drill hole CMV23004! The silver equivalent value consists of 452 g/t silver, 3.49 g/t gold and 3.36% zinc.
Strike length of mineralization extended
This, Terra Balcanica added, extended the strike length of Cumavici Ridge by 50 meters to the southeast from previously reported hole CMVDD002, which returned 816.1 g/t silver equivalent over 2 meters. Importantly, the mineralization remains open and untested down dip, according to the company.
In addition, according to Terra Balcanica, a new discovery was made with extension drilling carried out at a distance of 600 meters northwest of Cumavici Ridge! There, the company encountered 531 g/t silver equivalent over 0.75 meters and 355 g/t silver equivalent over 110 meters in drill holes CMV23007 and CMV23009, respectively. It will be interesting to see what happens next, as Terra Balcanica has already announced that the next drill results from Cumavici Ridge will follow “shortly”!
Especially as the exploration work on the Viogor-Zanik continues and the results of five diamond core holes drilled by Terra Balcanica this year into the Brezani skarn system are still pending. In 2022, 88 meters with 0.61 g/t gold equivalent from surface were detected there. Now Terra Balcanica focused on extension drilling within the 800 meter strike length of the gold-bearing calc-silicate trend observed at surface.
Conclusion: It is very pleasing that Terra Balcanica has once again succeeded in proving high-grade, mainly silver-bearing mineralization so close to the surface. With hole CMV23004, the company has now intersected 100 meters of continuous, high-grade mineralization in the center of the Cumavici Ridge target area. In addition, the newly discovered mineralized structure 600 metres to the northwest indicates the lateral extent of this target. As Terra Balcanica's CEO Dr. Aleksandar Mišković explained, there are now numerous opportunities to infill-drill to determine the full extent, thickness and grade of the mineralized zone. The company's underground 3D geological model has thus been confirmed and will be further refined with each additional drill hole.
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According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Terra Balcanica Resources and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. In addition, GOLDINVEST Consulting GmbH is remunerated by Terra Balcanica Resources for reporting on the company. This is another clear conflict of interest.