Industria
Terra Balcanica Highlights Silver and Antimony Potential of the Bosnian Viogor-Zanik Project
” or the “ ”) ( ) is pleased to highlight the polymetallic potential of its 168 km Viogor-Zanik project in eastern Bosnia in anticipation of the Phase II drilling results.
After approximately 2,200 m of diamond drilling completed at Chumavichi, along this shallow, fault-hosted, intermediate sulfidation, polymetallic vein system (Figures 1 and 2). At the Company's second Viogor-Zanik target of Brezani (Figure 3), Terra discovered an auriferous skarn starting from surface, superimposed on a itself overlying a porphyry andesitic stock (see the Company's news release from April 11 , 2024). The Company completed over 1,200 m of diamond drilling at Brezani with additional drill hole assays to be released imminently.
The significant potential of silver (Ag) and antimony (Sb) mineralization is highlighted by the drill results from Chumavichi (Table 1) and preliminary drill core observation from the Phase II drilling at Brezani.
The 674 m Brezani drillhole BREDD002 has intercepted (Figure 3). The zone of mineralization consists of banded veins and massive sulphide-cemented breccias with structural and mineralogical characteristics of low and intermediate sulphidation epithermal deposits. The upper vein contact is sharp with minimal alteration progressing into the hornfels, whereas the vein footwall is brecciated and strongly clay altered. The margins of the vein host repeating bands of chalcedonic quartz, rhodochrosite, calcite, sulphides, and sulphosalts including stibnite, pyrite, arsenopyrite, sphalerite, galena, and jamesonite. The core of the mineralized structure is dominated by hydrothermal breccia with a sulphide-quartz-carbonate cement and banded vein fragments as clasts.
The mineralized body is interpreted to be coincident with the zone of elevated conductivity as it shallows to NE (Figure 3). Where the coincident conductivity body and magnetic low response is matched with a N/S trending topographic depression, which grades into a steep sided creek. Exploration efforts within this creek have revealed numerous showings of As-Bi-Pb-Sb-Zn anomalous gossans and semi-massive specular hematite. These gossans are evidence of epithermal fluids reaching the current surface level. It is possible that future drilling targeting this structure would intersect a series of veins and breccias in the hanging wall of the major target structure.
Dr. Aleksandar Mišković, P.Geo, is the Company's designated Qualified Person (“ ”) for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). The QP has reviewed and validated that the information contained in this news release is factual and accurate.
Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin including the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton claim clusters. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.
For the complete information on this news release, please contact Aleksandar Mišković at amiskovic@terrabresources.com , +1 (514) 796-7577, or visit www.terrabresources.com /en/news .
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