Terra Balcanica Assets Corp. (“Terra” or the “Firm”) (CSE:TERA; FRA:UB10) is happy to announce robust assay outcomes from a brand new discovery on the Brezani goal inside its principal Viogor-Zanik venture in japanese 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 fashion confirmed at Brezani along with the gold skarn with 0.61 g/t AuEq over 88.0 m from floor (see Firm’s information launch 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 throughout the > 800 m strike size gold in soil anomaly, with assay outcomes pending.
Terra Balcanica CEO, Dr. Aleksandar Mišković, feedback:
” We’re more than happy with the polymetallic assays from an interval thrice as large as that common reported at our different Viogor-Zanik goal at Cumavici. Not solely have we found a brand new kind of mineralization that shallows towards northeast, and as such could possibly be simply explored from prime down, however we have now additionally confirmed the numerous presence of antimony at Brezani which continues to be a scarce commodity worldwide as a result of provide points and commerce restrictions imposed on sure nations. 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 a whole 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 based mostly on assumed steel 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 steel recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based mostly on revealed metallurgical assessments on analogous intermediate sulphidation epithermal vein deposits. The Sb pricing derived from the Nov. 2024 common Rotterdam Warehouse 99.6% ingot value.
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 robust 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 by the Brezani goal illustrating conductivity and the ninety fifth percentile magnetic shell. Drillhole BREDD002 is proven, with a tabular conductivity function extending to the ENE from the epithermal mineralized interval. Conductivity function is interpreted because the continuation of the host construction with elevated conductivity as a result of sulphide and clay throughout the damaged rock mass. It passes by 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 fashion 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 function which passes by 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 goal to intersect the epithermal mineralization shallow and probe for a “boiling zone” the place treasured metals could have been favourably precipitated.
Determine 2.Pictures 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 places 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 technique concerned crushing the core to 70% lower than 2 mm, rotary break up 1.0 kg and pulverizing the break up to larger 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 area duplicates and blanks had been inserted at a price of 9 % and investigated as a part of the Firm’s high quality assurance and high quality management program.
Certified Individual
Dr. Aleksandar Mišković, P.Geo, the Firm’s designated Certified Individual for this information launch throughout the which means of Nationwide Instrument 43-101 Requirements of Disclosure of Mineral Tasks (“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 concentrating 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 japanese Bosnia and Herzegovina. The Canadian belongings 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 Trade Apply (GIIP) and sustainable well being, security, and environmental administration.
On Behalf of the Board of Administrators
Terra Balcanica Assets Corp.
“Aleksandar Mišković”
Aleksandar Mišković
President and CEO
For additional info, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or go to our web site at www.terrabresources.com/en/information.
Cautionary Assertion
This information launch comprises sure forward-looking info and forward-looking statements throughout the which means of relevant securities laws (collectively “forward-looking statements”). Using any of the phrases “will”, “intends” and comparable expressions are supposed to determine forward-looking statements. These statements contain identified and unknown dangers, uncertainties and different components which 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 differ from the data offered herein on account of quite a few identified and unknown dangers and uncertainties and different components. The Firm believes the expectations mirrored in these forward-looking statements are cheap, however no assurance could 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 kind the 2023 Section II marketing campaign on the Brezani Goal. Assays for the topmost 214 had been launched beforehand.
