The latest preliminary results are in from Terra Balcanica’s (CSE: TERA) ongoing drill program at the Viogor-Zanik project, found in Bosnia and Herzegovina. Results come from step-out drilling focused on the Cumavici Ridge target.
The latest drilling has seen drill holes CMVDD004 and CMVDD005 intersect visible massive sulphides. CMVDD004 is said to have intersected 10 metres of massive sulphides, while CMVDD005 has hit two distinct zones of sulphides.
In hole CMVDD004, sulphides were intersected at a depth of 43 metres via sulphide-rich veining. CMVDD005 meanwhile saw the first zone intersected being a 3 metre wide zone of silver-zinc-lead mineralization at a depth of 34.4 metres. The second zone, consisting of 10 metres of massive sulphide veining, was intersected at a depth of 81.0 metres.
The preliminary results are said to have extended the strike length of the Cumavici Ridge by 50 metres to the west-northwest from initial drilling at the target. The first drill hole conducted at the target, CMVDD001, notably intersected 824.4 g/t silver equivalent over 4.0 metres. Assay results from the two preliminary holes released this morning are expected “shortly.”
“The 2022 maiden drill program at Cumavici Ridge has been encouraging in confirming the hypothesis of identifying a shallow, high-grade polymetallic, epithermal vein-hosted mineralized system, while also confirming its down-dip and along-strike continuity. We see the same macroscopic features in these holes as we did in the previously released drillholes and eagerly await the assay results which are expected shortly,” commented CEO Dr Aleksandar Miskovic.
Future drilling under the ongoing exploration program will continue to test the continuity of the Cumavici vein system to the northwest and southeast.
Terra Balcanica last traded at $0.085 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.