Terra Balcanica Resources Corp. [TERA-CSE] reported results of its maiden drilling at the Cumavici prospect at its 90%-owned Viogor-Zanik project, Bosnia and Herzegovina. The company intercepted a shallow, high-grade polymetallic vein with the first drillhole completed on the project.
Highlights include the discovery of shallow, high-grade , polymetallic , vein-hosted mineralization. Drill hole CMVDD001 intercepted 824.2 g/t AgEq (silver equivalent) over 4.0 metres from 29 metres of depth, including 1,634.4 g/t AgEq over 2.0 metres.
Results confirm the shallow nature of the Cumavici corridor where much of the 7.2-km NW-SE strike length remains untested. Over 1,000 metres of assays are pending from the Cumavici target area; further assays will be released over the coming month and a half.
Terra Balcanica CEO, Dr. Aleksandar Miskovic, commented: “The intercept of the Cumavici vein is an important milestone for Terra Balcanica after over 18 months of systematic surface geology and drill target generation. High-grade polymetallic assays close to surface confirm the macroscopic observations of massive Pb-Zn-Sb sulfides and warrant down-dip as well as along-strike step outs to delineate the size of this epithermal system. As an early mover in Bosnia and Herzegovina, we are looking forward to following the success of Adriatic Metals in applying modern exploration in an underexplored country with prospective ground. We eagerly await assay results from additional drill holes which will be reported once received .”
CMVDD00 1: Results corroborate observations of colloform banded sphalerite-galena-stibnite with high grade Ag-Au-Pb-Zn-Sb mineralization. Detailed observations and photographs of the mineralized interval were reported in the company’s news release dated August 23rd, 2022.
The company is continuing to test the mineralization down dip and along strike thus building the geological model around the high-grade Ag-Au-Pb-Zn-Sb target.
Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The company also has 100% of the Kaludra mineral exploration license in Serbia and has a pending exploration license at the Ceovishte property in Serbia.