Aleksander Miskovic, CEO of Terra Balcanica Resources, spoke with Steve Darling from Proactive to provide an update on the exploration drilling conducted within the Viogor-Zanik project in Bosnia-Herzegovina. The company completed approximately 2,200 meters of drilling, with a focus on a shallow, high-grade, silver-dominated, intermediate sulfidation polymetallic vein system at the Chumavichi locality.
The maiden drillhole at Chumavichi Ridge yielded promising results, intercepting 824.2 grams per tonne (g/t) of silver equivalent (AgEq) over 4.0 meters from a depth of 29 meters, including 1,634.4 g/t AgEq over 2.0 meters. Another drillhole at Chumavichi Ridge intercepted 816.1 g/t AgEq over 2.0 meters. Additionally, exploration efforts targeted the Brezani area, revealing a surficial auriferous skarn overlaying an Ag-Pb-Zn-Au mineralized, northeast-shallowing structural system, situated above porphyry andesites stock from a depth of 550 meters. Drill testing of the 650-meter-wide conductivity high at Brezani resulted in intersections of 0.61 grams per tonne (g/t) of gold equivalent (AuEq) over 88.0 meters and 0.58 g/t AuEq over 28.6 meters.
In uranium exploration, Terra Balcanica has acquired licenses on the outskirts of the Athabasca Basin in Saskatchewan. Partnering with Fulcrum Metals PLC, they aim to explore a 600 square kilometer area targeting Beaver Lodge and basement-style uranium mineralization. Initial steps include airborne geophysics and ground truthing, followed by drilling the ranked targets. Mišković expressed excitement about the potential for shear-hosted gold, VMS, nickel, and copper in the portfolio. The company anticipates a robust stream of news releases in the coming months, reflecting ongoing activities in Serbia and Bosnia, amidst favorable market conditions for gold and silver.
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