Brežani | Jotup

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

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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 Completes Phase II Drilling at Viogor-Zanik Project In Bosnia And Closes Private Placement Financing

Retrieved on:

Monday, September 25, 2023

Vancouver, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the final tranche of its non-brokered private placement financing (the “Offering”) of units (the ”Units”) for total gross proceeds of $1,212,778. The Company further announces that it has completed the 2,000 m, Phase II drill program at the flagship, 216 km2 Viogor-Zanik project (the “Project”) in eastern Bosnia and Herzegovina.

Key Points:

The Company further announces that it has completed the 2,000 m, Phase II drill program at the flagship, 216 km2 Viogor-Zanik project (the “Project”) in eastern Bosnia and Herzegovina.
In total, 17 diamond drill holes were completed during the 2023 Phase II campaign totalling approximately 2,000 m with a significant number of them macroscopically exhibiting sulphide mineralization.
Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “The conclusion of exploration drilling perfectly coincided with the closing of the private placement financing.
Terra used the net proceeds of the Offering for working capital and to finance the Phase II drilling of the two target zones in Bosnia and Herzegovina.

Terra Balcanica Closes Fourth Tranche Of Private Placement Financing

Retrieved on:

Tuesday, August 1, 2023

Indian stock exchange, NOT, CSE, FOR, Private, Brežani, Unit, TERA, FRA, Regulation, Offering, Terra, Phase, News, Security (finance)

Vancouver, British Columbia, Aug. 01, 2023 (GLOBE NEWSWIRE) --

Key Points:

Each Unit consists of one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.13 until July 31st, 2026.
Inclusive of the fourth tranche the Company has issued 12,141,497 units at a price of $0.085 for gross proceeds of $1,032,028 to date while continuing to raise funds into August of 2023.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S.

Terra Balcanica Continues Testing Brezani Porphyry Target In Bosnia And Closes Third Tranche Of Financing

Retrieved on:

Thursday, July 20, 2023

Vancouver, British Columbia, July 20, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the 3rd tranche of the non-brokered private placement financing (the “Offering”) of units (the ”Units”) as it continues drilling the Brezani porphyry target in eastern Bosnia and Herzegovina.

Key Points:

Here, the electrically resistive unit returned 88.0 m of 0.61 g/t AuEq from surface (see Company news release dated 24th of January 2023).
The HQ diameter diamond drill bit has now reached 468 m as it progresses at a rate of ca.
is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).
Dr. Mišković has reviewed and validated that the information contained in this news release is factual, accurate and precise.

Terra Balcanica Closes Second Tranche Of Financing And Starts Phase II Drilling At Brezani Porphyry Target In Bosnia

Retrieved on:

Thursday, June 22, 2023

Vancouver, British Columbia, June 22, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the 2nd tranche of the non-brokered private placement financing (the “Offering”) of units (the ”Units”) and recommences drilling of the 1.2 km wide Brezani porphyry target at its flagship Viogor-Zanik project in Bosnia and Herzegovina.

Key Points:

Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.13 until June 22nd, 2026.
The Company intends to use the net proceeds of the Offering for working capital and to fund the Phase II drilling across its portfolio of properties.
Aleksandar Mišković, President, CEO and a director (the “Insider”), purchased 147,059 Units as part of the Offering.
Secondary, euhedral quartz and arsenopyrite-pyrite-galena-sphalerite can be seen infilling these vugs, offering yet another style of mineralization at the Brezani target.

Terra Balcanica Commences Phase II Drilling at Viogor-Zanik Project in Bosnia And Announces Private Placement Financing

Retrieved on:

Tuesday, April 4, 2023

Indian stock exchange, CSE, Private placement, Private, Silver, TERA, FRA, NW, Date, Prospectus, Gold, National instrument, Terra, Phase, News, Rare-earth element, Security (finance), Brežani

Vein-hosted polymetallic sulphides occupy a 7.2 km long, NW-SE oriented, magnetic low lineament, identified in Terra’s 2021 airborne SkyTEM survey.

Key Points:

Vein-hosted polymetallic sulphides occupy a 7.2 km long, NW-SE oriented, magnetic low lineament, identified in Terra’s 2021 airborne SkyTEM survey.
Terra’s 216 km2Viogor-Zanik project with the epithermal vein hosted Cumavici corridor and the Brezani gold skarn/porphyry system as the primary Phase II drill targets.
Phase I drilling at Brezani discovered a significant gold system, with mineralization present within both calc-silicate and intrusive lithologies from surface.
The Private Placement will provide Terra with the necessary capital to continue drilling the Company’s portfolio of mineral exploration properties in the western Balkans.

Terra Balcanica Intersects 0.61 g/t Gold Equivalent Over 88.0 m From Surface at Brezani Discovery, Viogor-Zanik in Bosnia-Herzegovina

Retrieved on:

Tuesday, January 24, 2023

AuEq calculation assumes metal prices of US$1,900/oz for gold (Au), US$24.00/oz for silver (Ag), US$4.00/lb for copper (Cu) and US$1.65/lb for zinc (Zn).

Key Points:

AuEq calculation assumes metal prices of US$1,900/oz for gold (Au), US$24.00/oz for silver (Ag), US$4.00/lb for copper (Cu) and US$1.65/lb for zinc (Zn).
(Click here to view image)
Drillhole BREDD001 was terminated at 28.6 m depth due increased levels of core loss.
The mineralized interval reporting 88.0 m at 0.61 g/t AuEq from surface includes 7 m of dilution from a late, post-mineralization diorite dyke.
Intermediate sulphidation veins were observed at 156 m and 168 m downhole returning 1.0 m at 0.39 g/t Au and 1.0 m at 0.34 g/t Au, 12.1 g/t Ag, respectively.