PQ3

Terra Balcanica Drills 499 g/t AgEq Over 3.8 m At Cumavici Ridge in Bosnia and Herzegovina and Closes Private Placement Financing

Retrieved on: 
Wednesday, January 17, 2024
Private, Gold, HBR, Digestion, Potassium chlorate, GPS, ICP-AES, PQ3, Silver, Acquisition, Offering, HNO3, Regulation, ISO/IEC, National instrument, News, ALS, Terra

VANCOUVER, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce additional assay results from the 2023 Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge polymetallic mineralization within its flagship Viogor-Zanik project in Bosnia and Herzegovina. The Company further announces closing of the final tranche of its non-brokered private placement financing (the “Offering”) of shares (the ”Shares”) for total gross proceeds of $212,200.

Key Points: 
  • Further drilling efforts at Cumavici Ridge will aim to connect the shallow high-grade interval reported in this release to the 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m reported over 600 m to the northwest (see Company news release dated 5th November 2023).
  • The system remains untested and open to the southwest down-dip which will also be targeted in 2024 drilling.
  • Drillhole section through step out drill fence located 42 m SE of the 2022 discovery holes at Cumavici Ridge.
  • Terra will use the net proceeds of the Offering for working capital and to finance the acquisition of a strategic mineral exploration licence in Bosnia and Herzegovina.

Terra Balcanica Drills 499 g/t AgEq Over 3.8 m At Cumavici Ridge in Bosnia and Herzegovina and Closes Private Placement Financing

Retrieved on: 
Wednesday, January 17, 2024
Private, Gold, HBR, Digestion, Potassium chlorate, GPS, ICP-AES, PQ3, Silver, Acquisition, Offering, HNO3, Regulation, ISO/IEC, National instrument, News, ALS, Terra

Vancouver, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) --  Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce additional assay results from the 2023 Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge polymetallic mineralization within its flagship Viogor-Zanik project in Bosnia and Herzegovina. The Company further announces closing of the final tranche of its non-brokered private placement financing (the “Offering”) of shares (the ”Shares”) for total gross proceeds of $212,200.

Key Points: 
  • Further drilling efforts at Cumavici Ridge will aim to connect the shallow high-grade interval reported in this release to the 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m reported over 600 m to the northwest (see Company news release dated 5th November 2023).
  • The system remains untested and open to the southwest down-dip which will also be targeted in 2024 drilling.
  • Drillhole section through step out drill fence located 42 m SE of the 2022 discovery holes at Cumavici Ridge.
  • Terra will use the net proceeds of the Offering for working capital and to finance the acquisition of a strategic mineral exploration licence in Bosnia and Herzegovina.

Terra Balcanica Intersects 457 g/t AgEq Over 4.15 m at Central Cumavici Ridge Target in Bosnia and Herzegovina

Retrieved on: 
Monday, November 13, 2023
National instrument, Horizontal drillhole disposal, GPS, ISO/IEC, Gold, Potassium chlorate, ALS, ICP-AES, HBR, Silver, Phase, HNO3, Digestion, PQ3, SE, News, NW, Mining, Brežani

Geological map illustrating the 2022 discovery drillholes (CMVDD001-005), previously released 2023 drillholes and CMV23003 which is the topic of this release.

Key Points: 
  • Geological map illustrating the 2022 discovery drillholes (CMVDD001-005), previously released 2023 drillholes and CMV23003 which is the topic of this release.
  • The Cumavici Ridge epithermal mineralisation can be observed on surface and has been intercepted as shallow as 7.1 m downhole in CMV23001 (observations released 18th April 2023 with assays pending release).
  • Future exploration at the target will step NW towards CMV23007 and 009 which both intersected mineralization over 600 m along strike.
  • The redrilled Phase I drill hole has been extended to depth of 674 m along the same dip and azimuth.

Terra Balcanica Intersects 457 g/t AgEq Over 4.15 m At Central Cumavici Ridge Target In Bosnia and Herzegovina

Retrieved on: 
Monday, November 13, 2023
National instrument, Horizontal drillhole disposal, GPS, ISO/IEC, Gold, Potassium chlorate, ALS, ICP-AES, HBR, Silver, Phase, HNO3, Digestion, PQ3, SE, News, NW, Mining, Brežani

Geological map illustrating the 2022 discovery drillholes (CMVDD001-005), previously released 2023 drillholes and CMV23003 which is the topic of this release.

Key Points: 
  • Geological map illustrating the 2022 discovery drillholes (CMVDD001-005), previously released 2023 drillholes and CMV23003 which is the topic of this release.
  • The Cumavici Ridge epithermal mineralisation can be observed on surface and has been intercepted as shallow as 7.1 m downhole in CMV23001 (observations released 18th April 2023 with assays pending release).
  • Future exploration at the target will step NW towards CMV23007 and 009 which both intersected mineralization over 600 m along strike.
  • The redrilled Phase I drill hole has been extended to depth of 674 m along the same dip and azimuth.

Terra Balcanica Drills 1168 g/t AgEq Over 1.35 m At Cumavici Ridge And Confirms New Mineralization Over 600 m Northwest

Retrieved on: 
Tuesday, November 7, 2023
Horizontal drillhole disposal, GPS, ISO/IEC, Digestion, News, Gold, HBR, National instrument, Brežani, PQ3, ALS, Potassium chlorate, Silver, ICP-AES, HNO3

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce initial assay results from the Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge epithermal vein within its principal Viogor-Zanik project in Bosnia and Herzegovina.

Key Points: 
  • Coordinates and elevation were taken by local consultant surveyors using a differential GPS unit.
  • Drilling was focussed on stepping out within the 800 m strike length Au-bearing calc-silicate trend on surface.
  • Drillhole section through step out drill fence located 42 m SE of the 2022 discovery holes at Cumavici Ridge.
  • This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns.

Terra Balcanica Drills 1168 g/t AgEq Over 1.35 m At Cumavici Ridge And Confirms New Mineralization Over 600 m Northwest

Retrieved on: 
Tuesday, November 7, 2023
Horizontal drillhole disposal, GPS, ISO/IEC, Digestion, News, Gold, HBR, National instrument, Brežani, PQ3, ALS, Potassium chlorate, Silver, ICP-AES, HNO3

Vancouver, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce initial assay results from the Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge epithermal vein within its principal Viogor-Zanik project in Bosnia and Herzegovina.

Key Points: 
  • Coordinates and elevation were taken by local consultant surveyors using a differential GPS unit.
  • Drilling was focussed on stepping out within the 800 m strike length Au-bearing calc-silicate trend on surface.
  • Drillhole section through step out drill fence located 42 m SE of the 2022 discovery holes at Cumavici Ridge.
  • This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns.

Terra Balcanica Reports Massive Sulphide Mineralization in Initial Phase II Drillholes at Cumavici Ridge

Retrieved on: 
Tuesday, April 18, 2023
PQ3, CSE, Argillic alteration, SW, TERA, FRA, Galena, Sase, Diamond, SE, Terra, Phase, News, Sulfur, Uranium mining

Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “We are off to an exceptional start with the Phase II drill program at Cumavici Ridge where all the initial four drill holes returned signs of massive sulphide mineralization, in some cases as shallow as 7 meters below surface.

Key Points: 
  • Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “We are off to an exceptional start with the Phase II drill program at Cumavici Ridge where all the initial four drill holes returned signs of massive sulphide mineralization, in some cases as shallow as 7 meters below surface.
  • We are drilling through the same type of mineralization as is currently mined in the Sase mine which we surround.
  • We will release laboratory assays shortly.”
    The Company commenced its Phase II drilling program at Cumavici Ridge, the 2022 high-grade polymetallic discovery which returned up to 505 g/t Ag Eq.
  • Drillhole CMV23001 reports the shallowest massive sulphide intercept to date with > 10 m of visible sulphides commencing at a depth of 10 m extending the mineralization footprint at Cumavici Ridge a further 39 m SE.

Terra Balcanica Intersects 505 g/t AgEq Over 11.0 m Including 3,075 g/t AgEq (108.5 oz/т AgEq) over 1.7 m At Viogor-Zanik in Bosnia

Retrieved on: 
Monday, February 27, 2023
PQ3, News, SW, National instrument, Silver, HNO3, ICP-AES, Digestion, Soil, HBR, ISO/IEC, Horizontal drillhole disposal, Potassium chlorate, Composite, Gold, ALS

Vancouver, British Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce further, high-grade drill results including step-out drillholes at Cumavici Ridge and a new discovery at the Josheva target extending mineralization at the Cumavici Corridor over 2.3 km to the southeast within its flagship, 216 km2 Viogor-Zanik project in Bosnia and Herzegovina.

Key Points: 
  • Further Exploration Drilling: Further drilling will systematically test the high-grade Cumavici vein along strike to the NW/SE and down-dip SW where the mineralization is open and untested.
  • The Cumavici Ridge target lies within a local magnetic low, which is continuous for > 500 m strike length.
  • Due to the shallow nature of this high-grade system, drilling can quickly define strike length utilizing a 40 m regular step out.
  • Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

Trilogy Announces Additional Results from the 2021 Infill Drill Program at the Arctic Project and Update on the Ambler Access Project

Retrieved on: 
Thursday, March 17, 2022
Alaska Native corporation, Standards New Zealand, PQ3, ISO 9001:2008, Gold, Mineral, Sulfur, ALS, U.S. Securities and Exchange Commission, Trilogy, QPS, NANA Regional Corporation, Legislation, Lead, DUP, Private Securities Litigation Reform Act, Multimedia, COVID-19, Government, Forward-looking statement, Disclosure, Mercury, National Instrument 43-101, Mining, Zinc, QC, CRMS, QA/QC, CRM, Cobalt, Blk Jks, Program, Silver, Method, National instrument, ISO, Galena, AAS, Copper, BLK, Barium, Hydrology, Quality control, UTM, Annual report, News, Universal Transverse Mercator coordinate system, Standards Council of Canada, Element, Sample, Company, Conservative–DUP agreement, Layne Christensen Company, Metal, View, Data, Road, Aluminium, Arctic, Bornite, South32, Ambler

Cross sections showing the drill holes AR21-0179 and AR21-0181 can be seen in Figures 2 and 3 below.

Key Points: 
  • Cross sections showing the drill holes AR21-0179 and AR21-0181 can be seen in Figures 2 and 3 below.
  • At hole AR21-0181, mineralization within Zone 5 consists of 1% to 12% pyrite, 1% to 20% chalcopyrite and trace-1% pyrrhotite.
  • Zone 3 consists of 0.1% to 25% pyrite, 0.1% to 40% chalcopyrite and trace-30% sphalerite with patches of trace pyrrhotite.
  • The drilling program, sampling and assaying protocol, and data verification were managed by qualified persons (QPs) employed by Ambler Metals.

Additional Results from the 2021 Drill Program at the Arctic Project; Two More High-Grade Infill Holes Intersected Within the Heart of Arctic

Retrieved on: 
Tuesday, January 25, 2022
Standards New Zealand, Legislation, DUP, Element, Galena, Barium, CRMS, Cobalt, Lead, QC, QA/QC, COVID-19, ISO, Sample, Mineral, Gold, Company, Method, Alaska Native corporation, Multimedia, BLK (sportswear), Annual report, Forward-looking statement, News, BLK, Copper, Disclosure, Silver, AAS, Mercury, Mining, QPS, Quality control, Program, Private Securities Litigation Reform Act, National Instrument 43-101, Zinc, ISO 9001:2008, PQ3, Hydrology, Layne Christensen Company, National instrument, Sulfur, Data, UTM, Trilogy, Government, NANA Regional Corporation, CRM, U.S. Securities and Exchange Commission, View, Standards Council of Canada, ALS, Conservative–DUP agreement, Metal, Universal Transverse Mercator coordinate system, Uranium, Aluminium, Arctic, Ambler, South32, Bornite

Mineralization within the highest-grade portions of Zones 3 and 5 of drill hole AR21-0184 consists of 3-10% chalcopyrite, 5-35% sphalerite and 5-30% pyrite.

Key Points: 
  • Mineralization within the highest-grade portions of Zones 3 and 5 of drill hole AR21-0184 consists of 3-10% chalcopyrite, 5-35% sphalerite and 5-30% pyrite.
  • Whereas mineralization within the highest-grade portions of Zone 1 consists of 1-10% chalcopyrite, 10-20% sphalerite, 3% galena and 12-30% pyrite.
  • Within the Arctic deposit, mineralization occurs as stratiform semi-massive sulphide to massive sulphide beds within primarily chlorite schists and fine-grained quartz schists.
  • The drilling program, sampling and assaying protocol, and data verification were managed by qualified persons (QPs) employed by Ambler Metals.