Terra Balcanica Resources (CSE: TERA) continues to prove out its flagship Viogor-Zanik project, releasing this morning further drill results from two targets at the property. The company has also identified a new discovery 2.3 kilometres to the southeast of the Cumavici Ridge target.
A total of three drill hole assays were released this morning, including the highest grade intercept to date at the Cumavici Ridge target. Highlights from the results include:
- CMVDD004: 11.0 metres of 225 g/t silver, 0.3 g/t gold, 0.56% lead, 1.48% antimony, and 0.83% zinc (505.3 g/t silver equivalent)
- JOSDD001: 6.0 metres of 11 g/t silver, 0.06 g/t gold, 0.68% lead, 1.66% zinc (119.7 g/t silver equivalent)
The new discovery, referred to as the Josheva target, is said to extend the known mineralization of the Cumavici Corridor by 2.3 kilometres to the southeast. The target is said to “validate the district geologic model,” while also confirming the potential for other segments of polymetallic veins within the corridor. The entire corridor is said to remain open for further testing, and is currently estimated to be 7.2 kilometres in length.
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READ: Terra Balcanica Hits 895 g/t Silver Equivalent Over 2.0 Metres In Latest Assay Results
“The stage is now set for the Phase II drill program of this shallow polymetallic vein that will aim to add onto these exceptional grades. Most exciting is that the highest metal concentrations have come from the northwesterly segment of the system which is the direction where we intend to extend our drill fence in 2023. [..] We have numerous, high-grade targets to further test with infill and step out drilling,” commented CEO Dr Aleksandar Miskovic.
Drilling to date at Cumavici Ridge has been across a footprint measuring 60 metres by 100 metres, with future drilling focused on expanding the strike length to the northwest by 650 metres, and down-dip to the southwest. The system is said to remain open in all directions.
Terra Balcanica last traded at $0.105 on the CSE.
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