Terra Balcanica Highlights Silver and Antimony Potential of the Bosnian Viogor-Zanik Project
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
TERRA BALCANICA HIGHLIGHTS SILVER AND ANTIMONY POTENTIAL OF THE
BOSNIAN VIOGOR-ZANIK PROJECT
Vancouver, British Columbia – December 9th, 2024 – Terra Balcanica Resources Corp. (“Terra”
or the “Company”) (CSE:TERA; FRA:UB10) is pleased to highlight the polymetallic potential
of its 168 km2 Viogor-Zanik project in eastern Bosnia in anticipation of the Phase II drilling results.
After approximately 2,200 m of diamond drilling completed at Chumavichi, high grade , fault-
hosted Ag-Sb-Pb-Zn-Au mineralization has been confirmed at three targets spanning over 2
km along this shallow, fault dominated, intermediate sulfidation polymetallic vein system (Figures
1 and 2). At the Company’s second Viogor-Zanik target of Brezani (Figures 3), Terra discovered
an auriferous skarn starting from surface, superimposed on a >1.2 km long, NE-shallowing Ag-
Sb-Pb-Zn mineralized, fault-hosted permeability corridor itself overlying a porphyry andesitic
stock (see the Company’s news release from April 11 th, 2024). The Company completed over
1,200 m of diamond drilling at Brezani with additional drill hole assays to be released imminently.
The significant potential of silver and antimony mineralization is highlighted by the drill results
from Chumavichi (Table 1) and preliminary drill core observation from the Phase II drilling at
Brezani.
Highlights
• Chumavichi Ridge drillhole CMVDD001 intercepted 824.2 g/t AgEq. with 1.85 wt.% Sb
over 4.0 m from 29 m of depth, including 1,634.4 g/t AgEq. with 3.7 wt.% Sb over 2 meters;
• Chumavichi Ridge drill hole CMVDD002 intercepted 816.1 g/t AgEq. over 2.0 m;
• CMVDD003, 83-meter away from CMVDD001, intercepted a vein interval of 465.5 g/t AgEq.
and 1.2 wt.% Sb over 8.7 m, including 1196.6 g/t AgEq. with 3.5 wt.% Sb over 2.0 meters;
• Drillhole CMVDD005 returned 284 g/t AgEq over 10.0 m including 895.8 g/t AgEq with 1.8
wt.% Sb over 2.0 m approximately 50 m west-northwest of CMVDD002 (Figure 2);
• The Chumavichi Ridge drillhole CMVDD004 along the same drill fence 40 m northeast of
CMVDD005 returned 505.3 g/t AgEq with 1.48 wt.% Sb over 11.0 m from 43.0 m depth
including 3075.4 g/t AgEq (108.5 oz/t AgEq) with 9.4 wt.% Sb over 1.7 m;
• Shallow, polymetallic mineralization was also intersected 600 m NW of the Cumavici Ridge
where two drill holes through a new parallel structure returned 1,041 g/t AgEq with 2.95 wt.%
Sb over 0.75 m (CMV23007), and 554 g/t AgEq with 1.17 wt.% Sb over 1.10 m
(CMV23009);
• Drillhole CMV23004 intersected 1,489 g/t AgEq with 1.98 wt.% Sb over 1.35 m from 36.2
m downhole to add 42 m strike length SE of CMVDD002 with mineralization open down-dip;
• Drillhole CMV23003 intersected 557 g/t AgEq with 0.77 wt.% Sb over 4.15 m from 43.85
m and points to a down-dip continuation of the high-grade mineralization from CMV23004.
Hole ID From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Zn
(%)
Pb
(%)
Sb
(%)
AgEq*
(g/t)
CMVDD001 29.0 33.0 4.0 0.84 131.5 4.59 2.12 1.85 824
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
CMVDD002 30.0 32.0 2.0 0.23 144 8.26 4.27 0.44 816
CMVDD003 89.0 97.7 8.7 0.81 105 1.17 0.70 1.20 466
CMVDD004 43.0 54.0 11.0 0.30 225 0.83 0.56 1.48 505
CMVDD005 81.0 91.0 10.0 0.78 75 0.61 0.40 0.68 284
CMV23001 11.0 15.8 4.8 1.61 132 1.51 0.57 1.56 819*
CMV23002b 22.0 25.8 3.8 0.70 124.5 5.53 2.72 0.48 549*
CMV23003 43.85 48.0 4.15 0.71 57.1 4.39 3.18 0.77 557*
CMV23004 36.2 37.55 1.35 3.49 452 3.36 2.14 1.98 1489*
Table 1. Previously released drill core a ssay from the Chumavichi target. Interval lengths reported are
drilled lengths, not true widths. Silver equivalents (“AgEq”) for Phase II assays marked by * are
recalculated based on latest assumed metal prices of US$2,600/oz for gold (Au), US$30/oz for silver (Ag),
US$1.40/lb for zinc (Zn), US$15.22/lb for antimony (Sb) and US$0.90/lb for lead (Pb). *M etal recoveries
of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests from analogous
intermediate sulphidation epithermal vein deposits.
Figure 1. Geological map of the Chumavichi trend illustrating the drilled targets, namely: Cumavici Ridge,
Cumavici Crest and Joseva . The Seoce and Cumurnica target remain to be drilled in 2025. The yellow
strips represent Yugoslav ore block segments from 1983 used for non-43-101 compliant resource calculaton
(WGS84/UTM Zone 34N; click here to view image).
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
Figure 2. Fence diagram of Phase I and II drilling completed at the Cumavici Ridge target. Polymetallic
mineralization intervals are highlighted in red. The mineralization remains untested and open down dip to
the southwest and entirely open to the NW. The high-grade mineralization footprint currently sits at
approximately 150 m (strike length) by 200 m in down dip direction (click here to view image).
The Brezani Phase II drillhole BREDD002 has apparently intercepted stibnite-rich (Sb)
epithermal mineralization between 482.1 and 505 m of depth (Figure 3). The zone of
mineralization consists of banded veins and massive sulphide cemented breccias with structural
and mineralogical characteristics of both low and intermediate sulphidation epithermal deposits.
The upper vein contact is sharp with minimal alteration progressing into the hornfels, whereas the
vein footwall is brecciated and hosts strong clay alteration. The margins of the vein host repeating
bands of chalcedonic quartz -rhodochrosite-calcite and sulphides /sulphosalts stibnite-pyrite-
arsenopyrite-sphalerite-galena-jamesonite. The centre of the mineralized structure is dominated by
hydrothermal breccia with a sulphide-quartz-carbonate cement. Clasts are banded vein fragments.
The mineralized body is interpreted to be coincident with the zone of elevated conductivity as it
shallows to NE (Figure 3). Where the coincident conductivity body and magnetic low response is
matched with a N/S trending topographic depression, which grades into a steep sided creek.
Exploration efforts within this creek have revealed numerous showings of As -Bi-Pb-Sb-Zn
anomalous gossans and semi massive hematite- specularite. These gossans are evidence for
epithermal fluids reaching the current surface level. It is possible that drilling efforts targeting this
structure would intersect a series of veins and breccias in the hanging wall of the major target
structure.
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
Figure 3. Section profile through the Brezani target integrating the location of the NE-shallowing, tabular
mineralized structure identified downhole in BREDD002 between 48 2 and 505 m with the magnetic shell
and smoothed conductivity voxel clipped to values above 27 mS/m. The conductivity feature is interpreted
as the continuation of the host structure dominated by Sb sulphides and clay within the broken rock mass
(click here to view image).
Qualified Person
Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person (“QP”) for this
news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral
Projects (“NI 43-101”). The QP has reviewed and validated that the information contained in this
news release is factual and accurate.
About the Company
Terra Balcanica is a polymetallic and energy metals exploration company targeting large -scale
mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The
Company has 90% interest in the Viogor -Zanik Project in eastern Bosnia and Herzegovina. The
Canadian assets comprise a 100% optioned portfolio of uranium -prospective licences at the
outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird,
and South Pendleton. The Company emphasizes responsible engagement with local communities
and stakeholders. It is committed to proactively implementing Good International Industry
Practice (GIIP) and sustainable health, safety, and environmental management.
CSE: TERA | FRA: UB1 #250 – 200 Burrard Street, Vancouver, BC, Canada V6C 3L6
ON BEHALF OF THE BOARD OF DIRECTORS
Terra Balcanica Resources Corp.
“Aleksandar Mišković”
Aleksandar Mišković
President and CEO
For the complete information on this news release, please contact Aleksandar Mišković at
[email protected], +1 (514) 796-7577, or visit www.terrabresources.com/en/news.
Cautionary Statement
This news release contains certain forward -looking information and forward-looking statements
within the meaning of applicable securities legislation (collectively “ forward-looking
statements”). The use of any of the words “will”, “intends” and similar expressions are intended
to identify forward- looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. Such forward-looking statements should not
be unduly relied upon. Actual results achieved may vary from the information provided herein as
a result of numerous known and unknown risks and uncertainties and other factors. The Company
believes the expectations reflected in those forward -looking statements are reasonable, but no
assurance can be given that these expectations will prove to be correct. The Company does not
undertake to update these forward-looking statements, except as required by law.