Terra Balcanica Resources Corp. (“Terra” or the “Firm”) (CSE:TERA; FRA:UB10) is happy to announce sturdy assay outcomes from a brand new discovery on the Brezani goal inside its principal Viogor-Zanik undertaking in jap Bosnia and Herzegovina.
Highlights
- Drillhole BREDD002 returned 436 g/t AgEq over 19.6 m together with 746 g/t AgEq and 1.42 wt.% Sb over 9.8 m;
- One other mineralization type confirmed at Brezani along with the gold skarn with 0.61 g/t AuEq over 88.0 m from floor (see Company’s news release dated twenty fourth January 2023);
- Mineralization tendencies in direction of floor and daylights in a topographic melancholy with As-Bi-Sb-Te anomalism in soil samples with a shallow “boiling-zone” drill goal (Determine 1);
- 4 shallow drillholes, geared toward increasing the footprint of the gold skarn have been accomplished inside the > 800 m strike size gold in soil anomaly, with assay outcomes pending.
Terra Balcanica CEO, Dr. Aleksandar Mišković, feedback:
” We’re very happy with the polymetallic assays from an interval thrice as vast as that common reported at our different Viogor-Zanik goal at Cumavici. Not solely have we found a brand new sort of mineralization that shallows towards northeast, and as such could possibly be simply explored from prime down, however now we have additionally confirmed the numerous presence of antimony at Brezani which continues to be a scarce commodity worldwide resulting from provide points and commerce restrictions imposed on sure international locations. Now, the drill-confirmed surficial Au bearing skarn is confirmed to be underlain by the numerous fault-hosted polymetallic mineralization which itself is underpinned by andesitic porphyry. It’s encouraging to see this resulted from the very first drill gap leaving quite a lot of upside potential at Brezani as Terra releases further assays from the 4 shallower intercepts drilled into the surficial skarn.”
Desk 1. Assay outcomes of the brand new epithermal discovery in drillhole BREDD002. Interval lengths reported are drilled lengths, not true widths. Silver equivalents (“AgEq”) are primarily based on assumed metallic costs of US$2,700/oz for gold (Au), US$30/oz for silver (Ag), US$1.40/lb for zinc (Zn), US$17.50/lb for antimony (Sb) and US$0.90/lb for lead (Pb). *Assumed metallic recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are primarily based on revealed metallurgical exams on analogous intermediate sulphidation epithermal vein deposits. The Sb pricing derived from the Nov. 2024 common Rotterdam Warehouse 99.6% ingot worth.
Drillcore Observations
Watch Brezani Technical Webinar on YouTube.
The zone of mineralization from 482.1 m consists of banded veins and sulphide cemented breccias with traits of each low and intermediate sulphidation epithermal deposits. The higher vein contact is sharp with minimal alteration progressing into the hornfels, whereas the vein footwall is brecciated and hosts sturdy clay alteration. The margins of the vein host repeating bands of chalcedonic quartz-rhodochrosite-calcite and sulphides/sulphosalts stibnite-pyrite-arsenopyrite-sphalerite-galena-jamesonite (Determine 2). The centre of the construction is dominated by hydrothermal breccia with a sulphide-quartz-carbonate cement. Clasts are banded vein fragments.
Determine 1. Part via the Brezani goal illustrating conductivity and the ninety fifth percentile magnetic shell. Drillhole BREDD002 is proven, with a tabular conductivity characteristic extending to the ENE from the epithermal mineralized interval. Conductivity characteristic is interpreted because the continuation of the host construction with elevated conductivity resulting from sulphide and clay inside the damaged rock mass. It passes via a break within the magnetics, which is additional proof of structural management.
Future Exploration Program
2023 drilling on the Brezani goal uncovered a brand new type of mineralization on the contact between the skarn-hornfels bundle and underlying chlorite-sericite altered diorites. The epithermal mineralization encountered 482.1 m downhole is interpreted to shallow to the ENE making a conductivity characteristic which passes via a magnetic low. A topographic low with an anomalous epithermal assemblage in soil and rock chip geochemistry is interpreted because the floor expression. Future drilling efforts will purpose to intersect the epithermal mineralization shallow and probe for a “boiling zone” the place valuable metals could have been favourably precipitated.
Determine 2.Images of three HQ3 diameter core samples from the interval of epithermal mineralization labelled with AgEq values for assay outcomes of host pattern. A) 482.1-482.4 m millimeter scale banded chalcedonic quartz-calcite-rhodochrosite-sulphide. B) 483.6-483.85 m calcite-rhodochrosite breccia cemented by chalcedonic quartz-sulphide crosscut by a later calcite-chalcedonic quartz-sulphide vein set. C) 485.1-485.5 m banded quartz-calcite-sulphide vein grading right into a stibnite-sphalerite sulphide breccia cement with clasts of wallrock hornfels and banded veins.
Desk 1. Collar areas for reported drillhole. Coordinates and elevation had been taken by native guide surveyors utilizing a differential GPS unit. (WGS84/UTM Zone 34N).
QA/QC
Half core (HQ3) samples had been delivered to ALS Bor, Serbia for pattern preparation and subsequent moist chemical evaluation on the Loughrea laboratory in Eire, an ISO/IEC 17025:2017 licensed check facility. Pattern preparation PREP-31BY methodology concerned crushing the core to 70% lower than 2 mm, rotary break up 1.0 kg and pulverizing the break up to better than 85% passing 75 microns. Silver and base metals had been analysed by ICP MS after a four-acid digest (ME-MS61). Gold was assayed by 30g fireplace assay with ICP AES end (Au-ICP21). Over restrict samples for base metals had been re-analysed by the four-acid digest ICP-AES analyses termed ME-OG62. Management samples comprising the licensed reference materials CDN-ME-1810 (Canadian Useful resource Labs Ltd.), quarter core subject duplicates and blanks had been inserted at a fee of 9 % and investigated as a part of the Firm’s high quality assurance and high quality management program.
Certified Particular person
Dr. Aleksandar Mišković, P.Geo, the Firm’s designated Certified Particular person for this information launch inside the which means of Nationwide Instrument 43-101 Requirements of Disclosure of Mineral Initiatives (“NI 43-101”), has reviewed and validated that the data contained on this information launch is factual and correct.
In regards to the Firm
Terra Balcanica is a polymetallic and vitality metals exploration firm focusing on large-scale mineral methods within the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Firm has 90% curiosity within the Viogor-Zanik Challenge in jap Bosnia and Herzegovina. The Canadian property comprise a 100% optioned portfolio of uranium-prospective licences on the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Firm emphasizes accountable engagement with native communities and stakeholders. It’s dedicated to proactively implementing Good Worldwide Business Apply (GIIP) and sustainable well being, security, and environmental administration.
On Behalf of the Board of Administrators
Terra Balcanica Sources Corp.
“Aleksandar Mišković”
Aleksandar Mišković
President and CEO
For additional data, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or go to our web site at www.terrabresources.com/en/news.
Cautionary Assertion
This information launch comprises sure forward-looking data and forward-looking statements inside the which means of relevant securities laws (collectively “forward-looking statements”). Using any of the phrases “will”, “intends” and related expressions are supposed to establish forward-looking statements. These statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. Such forward-looking statements shouldn’t be unduly relied upon. Precise outcomes achieved could range from the data supplied herein on account of quite a few identified and unknown dangers and uncertainties and different elements. The Firm believes the expectations mirrored in these forward-looking statements are cheap, however no assurance will be on condition that these expectations will show to be appropriate. The Firm doesn’t undertake to replace these forward-looking statements, besides as required by legislation.
Desk 2. Chemical assays for the rest of the drill gap BREDD002 type the 2023 Part II marketing campaign on the Brezani Goal. Assays for the topmost 214 had been launched beforehand.
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