FULL DISCLOSURE: This is sponsored content for Terra Balcanica.
Assay results are in from a recent sampling program conducted at Terra Balcanica’s (CSE: TERA) Ceovishte property in southern Serbia. The exploration program consisted of both soil sampling as well as surface rock chip sampling.
The soil sampling program saw a total of 386 samples collected across the property, with the program identifying two known occurrences and an anomaly with a strike length of 900 metres with gold-silver-arsenic-bismuth-copper-tellurium mineralization present. The new target is said to have assayed as much as 2.42 g/t gold and 424 ppm copper in soil.
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“Detailed prospecting, rock chip and soil sampling at our Serbian Ceovishte licence not only confirmed the existence of a sizable hydrothermal system responsible for multi-ounce gold assays at surface near the Medjurečje locality but also defined a new, 900-m-wide, topographically depressed, semi-circular gold-silver-copper soil anomaly northeast of the high-grade Au zone,” commented CEO Dr Aleksander Miskovic.
Rock chip sampling meanwhile saw 15 noteworthy samples returned. Highlights from the program include concentrations as high as 53.5 g/t gold, 78.6 g/t silver, and 2.47% copper. The company also saw up to 0.45% bismuth and 0.39% cobalt in select samples.
“This confirms the potential of our Serbian assets and represents a significant diversification of the Company’s polymetallic portfolio already defined by our Viogor Zanik project. It sets the stage for drilling of the shallow high grade gold target later this year,” continued Miskovic.
The company currently intends to drill test the extensions of gold-copper mineralization that it sampled at the two known occurrences on the property, with geophysics to follow should initial results prove positive. The anomaly discovered by soil sampling meanwhile will be followed up with rock chip sampling and mapping to generate targets for drill testing.
The Ceovishte property was acquired by Terra Balcanica in October 2022, after acquiring the license from the Ministry of Energy and Mines. Found 20 kilometres north of Raska, the property consists of 80.36 square kilometres of prospective land. The property brings the firms total land package in the region to over 130 square kilometres, making it the second largest holder of claims in the Raska region.
The region is home to Adriatic Metals, and the historic Kizevak mine, which has a non-compliant resource of 3.9 million tonnes grading 3.92% zinc, 2.15% lead and 31 g/t silver. The same district also hosts the Trepca deposit, which has a non-compliant resource of 60.5 Mt grading 8.0% lead and zinc, and over 159 million ounces of silver.
Terra Balcanica last traded at $0.09 on the CSE.
FULL DISCLOSURE: Terra Balcanica Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Terra Balcanica Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
