Terra Balcanica Hits 1,196 g/t Silver Equivalent Over 2.0 Metres In Latest Drill Results

Terra Balcanica (CSE: TERA) this past weekend released further drill results from drilling conducted at its Viogor-Zanik project, found in Bosnia and Herzegovina. The results come from a first phase drill program, the first hole for which intersected 824.2 g/t silver equivalent over 4.0 metres.

The results released this weekend consists of the assays for the second and third holes drilled under the program, which the firm previously announced had intersected massive sulphides. Drilling consisted of two step out holes from the maiden drill hole. Highlights from the results include:

  • CMVDD002: 816.1 g/t silver equivalent over 2.0 metres, consisting of 144.0 g/t silver, 0.23 g/t gold, 4.27% lead, 0.44% antimony, and 8.26% zinc
  • CMVDD003: 465.5 g/t silver equivalent over 8.7 metres, consisting of 105.0 g/t silver, 0.81 g/t gold, 0.70% lead, 1.20% antimony, and 1.17% zinc
    • including 1,196.6 g/t silver equivalent over 2.0 metres, consisting of 289.0 g/t silver, 1.16 g/t gold, 2.03% lead, 3.50% antimony, and 3.16% zinc

With the 80 meter drill step out we have confirmed a significant down-dip extension of the shallow Cumavici Ridge vein which is open at depth. All three holes drilled to date at this target have intercepted high-grade polymetallic mineralisation and we are gaining a better understanding of the geological model with each hole completed. The Cumavici Ridge vein segment itself appears open along strike, thus providing opportunities for further step outs to define its geometry and grade,” commented CEO Dr Aleksandar Miskovic on the results.

WATCH: Massive Deposits In The Balkans? With Alex Miskovic

The three drill holes released to date have focused on the Cumavici Ridge vein system, which remains open at depth, with strike now measured at 80 metres. The vein system is said to continue further along strike, with future drilling to continue to focus on expanding the target. The system as a whole is said to have a strike length of 7.2 kilometres, with several untested targets.

Terra Balcanica last traded at $0.095 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.

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