Evidently, the start of the new drilling program (Phase III) at Terra Balcanica Resources (CSE TERA / Frankfurt UB10) is imminent! Today, the company is once again reminding us of the potential of its flagship project Viogor-Zanik in Bosnia. The focus is primarily on silver and antimony, but also gold!
CEO Aleksandar Miskovic’s company has identified two target areas on the property. In the area called Chumavichi, they have already completed 2,200 meters of diamond core drilling and demonstrated high-grade silver, antimony, lead, zinc, and gold mineralization in three target zones. These extend over a length of 2 kilometers along a shallow, fault-hosted, intermediate-sulfidation, polymetallic vein system.
Among other findings, they encountered 0.81 g/t gold, 1,420 g/t silver, 4.95% zinc, 3.42% lead, and 9.4% antimony over 1.7 meters, which, according to the previous calculation, yielded 3,075 g/t silver equivalent. Now, however, the prices of almost all contained metals have risen significantly, causing this value to shoot up to 6,474 g/t silver equivalent! Similarly, another particularly high-grade section with 3.49 g/t gold, 452 g/t silver, 3.36% zinc, 2.14% lead, and 1.95% antimony over 1.35 meters, which yielded 1,168 g/t silver equivalent according to the old calculation. After recalculation, it’s now 1,908 g/t silver equivalent!
| Hole ID | From (m) | Intercept (m) | Au (g/t) | Ag (g/t) | Zn (%) | Pb (%) | Sb (%) | Ag Eq (g/t) | Ag Eq* (g/t) |
| CMVD001 upper | 29.0 | 4.0 | 0.84 | 131.5 | 4.59 | 2.12 | 1.85 | 824 | 1306 |
| including | 30.0 | 2.0 | 1.62 | 261 | 9.10 | 4.20 | 3.70 | 1634 | 2602 |
| CMVD002 | 45.0 | 2.0 | 0.23 | 144 | 8.26 | 4.27 | 0.44 | 816 | 667 |
| CMVD003 | 89.0 | 8.7 | 0.81 | 105 | 1.17 | 0.70 | 1.20 | 466 | 837 |
| including | 91.0 | 2.0 | 1.16 | 289 | 3.16 | 2.03 | 3.50 | 1197 | 2300 |
| CMVD004 | 43.0 | 11.0 | 0.30 | 225 | 0.83 | 0.56 | 1.48 | 505 | 1039 |
| including | 44.8 | 1.7 | 0.81 | 1420 | 4.95 | 3.42 | 9.40 | 3075 | 6474 |
| CMVD005 lower | 81.0 | 10.0 | 0.78 | 75 | 0.61 | 0.40 | 0.68 | 284 | 520 |
| including | 86.0 | 2.0 | 2.85 | 258 | 1.89 | 1.42 | 1.70 | 896 | 1475 |
| CMV23001 upper | 11.0 | 4.8 | 1.61 | 132 | 1.51 | 0.57 | 1.56 | 551 | 1132 |
| CMV23001 lower | 31.6 | 0.3 | 0.47 | 106 | 1.00 | 0.28 | 3.22 | 669 | 1823 |
| CMV23002b upper | 22.0 | 3.8 | 0.70 | 125 | 5.53 | 2.72 | 0.48 | 499 | 621 |
| CMV23002b lower | 31.0 | 2.0 | 0.57 | 166 | 0.21 | 0.11 | 0.12 | 227 | 290 |
| CMV23003 | 43.85 | 4.15 | 0.64 | 53 | 4.12 | 2.99 | 0.73 | 457 | 641 |
| CMV23004 | 36.2 | 1.35 | 3.49 | 452 | 3.36 | 2.14 | 1.95 | 1168 | 1908 |
| CMV23007 | 39.05 | 0.75 | 0.17 | 31 | 0.72 | 0.15 | 2.95 | 531 | 1572 |
| CMV23009 | 39.4 | 1.10 | 0.26 | 88 | 2.03 | 0.19 | 1.17 | 355 | 763 |
Previous results from the Chumavichi target area, Source: Terra Balcanica Resources
Brezani Target Area Also Shows High Potential
In the second target area called Brezani, Terra has discovered a retrograde, chlorite-overprinted gold skarn system that begins at the surface and overlies a >1.2-kilometer-long, northeast-dipping, silver, antimony, lead, and zinc mineralized fault-hosted permeability corridor.
From here, Terra Balcanica reported the result of the first diamond drill hole (BREDD002) earlier this year, which intersected a 20-meter thick, high-grade antimony-silver mineralization! Part of this interval was a section of 9.8 meters with particularly high grades of 0.26 g/t gold, 129 g/t silver, and 1.42% antimony, as well as 0.79% zinc and 0.42% lead. According to the old calculation, this yielded a significant value of 746 g/t silver equivalent. However, if current metal prices are applied as with Chumavichi, this value increases significantly to now 900 g/t silver equivalent!
Conclusion: We recently presented Terra Balcanica Resources in detail to the readers of Goldinvest.de once again and advise all those interested in silver and antimony to carefully review this article now, as the next round of drilling is apparently imminent. In our opinion, it shows, just like today’s announcement from Terra Balcanica, where the company’s potential lies. Simply put, Terra Balcanica published the majority of its previous results from Bosnia at a time when the market showed little interest, partly because metal prices were significantly lower. This is particularly true for antimony, whose price rally only really gained momentum in 2024. Accordingly, we believe the company has considerable catch-up potential – especially if the new drillings yield similar results as before! We will definitely keep an eye on this extremely exciting, albeit risky due to its early development phase, commodity play!
