Highlights
All composite assays obtained from 4 surface trenches totaling 205 m at the greenfield Brezani target intercepted gold mineralization;
Trench BRE_004 returned 32 m at 0.54 g/t AuEq. including 10 m at 1.01 g/t AuEq.;
Gold-silver-zinc-copper mineralization is confirmed over a 255 m by 220 m area and open along strike within an 850 m gold-in-soil anomaly;
Trenching is centred on a 1.2 km wide magnetic high coincident with a strong conductivity anomaly open at depth; this key geochemical and geophysical target will be drill-tested in the current program;
Diamond drilling at Brezani has commenced and assays will be released shortly.
Terra Balcanica CEO, Dr.
Results
Trench ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%) Zn (%) AuEq. (g/t)
BRE_TR_001 0 48 48.0 0.11 0.11 0.015 0.04 0.15
including 30 34 4.0 0.38 0.13 0.007 0.06 0.42
BRE_TR_002 0 4 4.0 0.35 3.51 0.018 0.05 0.43
BRE_TR_003 0 34 34.0 0.14 0.58 0.007 0.04 0.17
including 28 34 6.0 0.27 0.19 0.003 0.08 0.31
BRE_TR_004 20 52 32.0 0.49 0.51 0.009 0.08 0.54
including 28 38 10.0 0.96 0.20 0.008 0.07 1.01
Table 1. Principal composite assay intervals for the Brezani surface trench samples. Gold equivalents ("AuEq.") are based on assumed metal prices of
Figure 1. Tethyan metallogenic belts of the Balkans with the Terra Balcanica project locations. Key projects to note include the 7.3 Mt @ 485 g/t AgEq. Vares silver project in
Brezani Target - Introduction
The Viogor-Zanik project is located within the
The Brezani target is located 8.4 km south of the operating
Brezani hosts several components of a large magmatic-hydrothermal system. It was a greenfield discovery made by the Company after applying modern exploration techniques over the 2020-2022 period including geochemical, geophysical, and structural analysis.
Soil sampling was completed on a 125m x 125m grid and defined a geochemical anomaly for detailed geological mapping. An extensive package of hornfels was subsequently identified in contact with diorite and granodiorite intrusive rocks.
Geophysical analysis including 1331-line km airborne magnetic and electromagnetic surveys completed in 2021 identified a 1.2 km magnetic high anomaly that may be a proxy for a much larger mineralized system at depth (Figure 3).
Trenches were completed to expose bedrock at the inferred hornfels-intrusive contact. Sphalerite and chalcopyrite bearing calc-silicate hornfels and banded exoskarns are observed coincident with Au-Bi-Te-Zn soil geochemical anomalies, marking a contact metasomatic halo. Sulfides are disseminated and lamination parallel. Pervasively argillic altered volcanics and vuggy silica are noted in the trenches indicating a shallow level of erosion (Figure 4 and 5).
Figure 2. Geological map of the 216 km2 Viogor Zanik project with the Brezani target in the southeastern part of the project. The other key identified targets within the project are Olovine and Cumavici. The Sase mine (
Figure 3. Geological map of Brezani outlines the trenching centred upon the geochemical and 1.2 km wide, subsurface magnetic anomaly. BRE_DD_001 is the collar location of the initial drillhole planned to test the Brezani target where drilling has commenced. Click here to view image.
Figure 4. Plan view of Brezani AuEq. intercepts as strip logs on surface geology (scale 1:800).
Click here to view image.
Figure 5. Systematic logging and composite sampling along 2-m deep and 80 cm wide exploration trenches at Brezani revealed argillically altered (grano)diorites as vuggy residual quartz (A) and calc-silicate hornfels (B) with disseminated and lamination parallel sulfides. Click here to view image.
Trench ID Easting Northing Elevation (m) Azimuth Length (m)
BRE_TR_001 368490 4880021 893 175 48
BRE_TR_002 368495 4879973 885 184 30
BRE_TR_003 368494 4879954 848 297 34
BRE_TR_004 368516 4879975 890 285 60
Table 2. The Brezani trench collar survey information (WGS84;
QAQC
Two-meter composite lithic samples were delivered to ALS Bor,
Qualified Person
Dr.
About the Company
Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern
ON BEHALF OF THE BOARD OF DIRECTORS
"Aleksandar Miskovic"
President and CEO
For further information, please contact
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.
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