Annuncio • Apr 15
Terra Balcanica Resources Corp. announced that it has received CAD 0.43937 million in funding On April 14, 2026, Terra Balcanica Resources Corp. closed the transaction. Finders’ fees in the amount of CAD 12,950 were paid to arm’s length finders that located purchasers for the Offering. Additionally, 259,000 finders’ warrants were issued. Dr. Aleksandar Miškovic, Director and CEO of the Company (the “Insider”), purchased 300,000 Units as part of the Offering. Annuncio • Mar 23
Terra Balcanica Resources Corp. announced that it expects to receive CAD 0.3 million in funding Terra Balcanica Resources Corp. announced a private placement to issue 6,000,000 units at an issue price of CAD 0.05 for gross proceed of CAD 300,000 on March 23, 2026. Each unit will be comprised of one common share in the capital of the company and a common share purchase warrant to purchase an additional one common share at an exercise price of CAD 0.10 per warrant share for a period of 24 months from the closing date of the private placement. The units will be offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the company. The securities are subject to a hold period of four months plus one day from the closing date. The expected closing date is April 3, 2026, subject to certain conditions, including any requisite approval of the Canadian Securities Exchange. In certain circumstances, the company may pay finder’s fees in cash and warrants on a portion of the private placement Annuncio • Mar 18
Terra Balcanica Resources Corp. Reports High-Grade Assay Results from Cumavici Ridge Drill Campaign Terra Balcanica Resources Corp. announced additional high-grade assay results from the Phase III drill campaign at the Cumavici Ridge polymetallic, epithermal vein target within its Viogor-Zanik project in eastern Bosnia and Herzegovina. Drillhole CMV25005 intersected 607 g/t Ag Eq. over 3.0 m including 842 g/t Ag Eq which includes 3.05% Sb over 1.7m. Drillhole CMV25006 intersected 670 g/t Ag Eq. over 3.9 m including 2115 g/t Ag Eq which includes 9.58% Sb over 1.0 m. Step out drillholes located 65 m northwest of CMV25004 which reported 636 g/t Ag Eq. over 4.3 m and 38 m SW of CMVD005 which intercepted 326 g/t Ag Eq. over 10 m. Results confirm the high-grade nature and continuity of mineralisation at Cumavici Ridge along strike towards NW potentially linking it with the Cumavici Crest zone. Mineralization remains open down dip to southwest. Cumavici Ridge-Crest fault-hosted system is one of the four targets along the largely untested, 5 km long corridor of Ag-rich, base metal mineralization. Hole ID From To Length Ag (g/t) Au Sb Pb Zn Ag Eq. (g/t) (m) (m) (m) (g/t) (%) (%) (%) CMV25005 96.0 99.0 3.00 175 0.69 2.11 1.94 4.05 607 including 97.3 99.0 1.7 258 1.15 3.05 1.34 2.67 842 CMV25006 91.4 95.3 3.90 168 0.72 2.84 0.66 0.56 670 including 92.7 93.7 1.00 461 1.84 9.58 1.39 1.11 2115 Table 1. Assay results from drillholes CMV25003 and CMV25004 with the interval lengths reported as drilled lengths, not true widths given that true morphology of the mineralized zone is undetermined. Silver equivalents (AgEq) are based on assumed metal prices of USD 5,000/oz for gold (Au), USD 80/oz for silver (Ag), USD 1.45/lb for zinc (Zn), USD 20/lb for antimony (Sb) and USD 0.86/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and 94% Zn were applied to all the laboratory assays and are based on recent published metallurgical tests from analogous polymetallic deposits in Bosnia. The mineralized intervals intercepted by drillholes CMV25005 and CMV25006 are examples of the typical high grade, massive sulphides of polymetallic nature encountered at Cumavici Ridge since 2022. Mineralization is typified by massive sulphides which can be broadly grouped into a silver-antimony rich, sulphosalts-dominant interval and a colloform banded brown grey, Pb-Zn rich interval of massive sphalerite and galena. The Ag-Sb mineralization, which includes the reported drillholes, is an example of a series of underexplored polymetallic veins that form part of a regional NW-SE trending epithermal system. Others include: Cumurnica, Joseva, and Seoce. The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by generally NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc. Terra’s drilling has confirmed three polymetallic systems so far: Joseva, Cumavici Crest, and the vein system at Cumavici Ridge. The Cumurnica and Kazani targets remain to be drilled. Mineralisation is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralisation occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with mineralisation visible within fault gouge. Half PQ3 core samples were delivered to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), duplicates, and blanks were inserted at a rate of 17% and investigated as part of the company’s quality assurance and quality control program. Annuncio • Feb 24
Terra Balcanica Resources Corp. Drills 636 G/T Ag Eq. over 4.3 M At Cumavici Ridge in Bosnia and Herzegovina Terra Balcanica Resources Corp. announced further high-grade assay results from the Phase III drill campaign at the Cumavici Ridge polymetallic, epithermal vein zone within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina. Drillhole CMV25004 intersected 636 g/t Ag Eq. over 4.3 m including: 1,757 g/t Ag Eq over 0.8 m; 1,319 g/t Ag Eq across 0.4 m; CMV25004 has tested new ground with the collar located 54 m southeast of CMVDD003 which reported 465.5 g/t Ag Eq., over 8.7 m and 27 m SW of CMV23004 which reported 1,168 g/t Ag Eq.' Results confirm the high-grade nature and continuity of mineralisation at Cumavici Ridge, which marks just one vein system within the wider Cumavici license area; Mineralization at Cumavici remains open along strike and down dip to southwest; Additional Phase III drill testing of the Cumavici Ridge system continues. Assay results from drillholes CMV25003 and CMV25004 with the interval lengths reported as drilled lengths, not true widths given that true morphology of the mineralized zone is undetermined. Mineralization is typified by massive sulphides which can be broadly grouped into a silver-antimony rich, sulphosalts-dominant interval and a colloform banded orange-purple zinc-lead interval of massive sphalerite-galena. Assay results from drill holes CMV25003 and CM V25004 with the interval lengths reports as drilled lengths, not true sizes given that true morphology of the Mineralized zone is undetermined. Mining is typified by massive sulphide which can be broadly grouped into an silver-antimony rich, sulfosalts-dominant interval. AgEq values are labelled for selected 2022 and 2023 drill intercepts. The coordinate reference system is WGS84/UTM Zone 34N. Annuncio • Jan 23
Terra Balcanica Resources Corp. Drills Multiple Polymetallic Targets and Extends Mineralized Zones in Bosnia Terra Balcanica Resources Corp. announced further assay results from the Phase III drill campaign at the Cumavici Ridge and Brezani targets within its principal Viogor-Zanik project in Bosnia and Herzegovina. The Brezani drillhole BRE25001A returned 0.43 g/t Au over 55 m from 12 m below surface thus extendinggold mineralization to170 m along strike in the N-S direction. Additional intercepts include: 0.62 g/t Au over 2.0 m from 98.5 m; 0.76 g/t Au over 1.5 m from 108 m; 1.06 g/t Au over 3.0 m from 139 m; Successfully intercepting gold mineralization reinforces the multi-domain nature of Brezani as a structurally hosted, gold bearing skarn upon an epithermal, silver-antimony mineralization. Surface gold skarn at Brezani remains untested over 850 m wide soil anomaly. The Brezani drill hole BRE25001 intercepted polymetallic epithermal mineralization returning 60 g/t AgEq. over 6.0 m from 158 m including 95 g/t AgEq., over 3.0 m from 161 m of depth. This confirms the continuity of a steep structure 92 m NE of the BREDD002 intercept returning 436 g/t AgEq.' over 19.6 m; The Cumavici drillhole CMV25002 confirmed mineralization shallower than previously reported CMV25001, marking continuation of the host structure and returning 186 g/t AgEq". over 0.5 m from 58.2 m. With increases in mineralized footprints at Cumavici and Brezani by close to 100 m along strike at each location, Terra is proving the size aspect of the shallow epithermal mineralization throughout the Viogor Zanik project. The Company is positioning itself as the holder of one of the best, silver-rich exploration assets in the Balkans and Europe. The full extent of the planned drilling meterage at Brezani is committed to as the company resume testing Cumavici with rigs commencing work on location this week despite subzero temperatures. Assay results from drillhole BRE25001 and CMV25002 with the interval lengths reported as drilled lengths, not true widths. Silver equivalents ("AgEq") are based on assumed metal prices of USD 4,500/oz for gold (Au), USD 80/oz for silver (Ag), USD 1.40/lb for zinc (Zn), USD 20/lb for antimony (Sb) and USD 0.9/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests on anomalous intermediate sulphidation epithermal vein deposits. Two drillholes were completed at the Brezani Target in follow up to the discovery of polymetallic epithermal epithermal mineralization during the 2023 field season, with the intercept of 436 g/t AgEQ. Annuncio • Jan 15
Terra Balcanica Resources Corp. Announces Initial High-Grade Assay Results from the Phase III Drill Campaign at Cumavici Ridge Epithermal Veine Zone Within Its Principal Viogor-Zanik Project in Bosnia and Herzegovina Terra Balcanica Resources Corp. announced initial high-grade assay results from the Phase III drill campaign at Cumavici Ridge epithermal vein zone within its principal Viogor-Zanik project in Bosnia and Herzegovina. Drillhole CMV25001 intersected 102g/t Ag Eq.over 2.55 m within a broader zone of 64 g/t Ag Eq. over 4.7 m from 66m and including 0.4 m wide epithermal mineralized zone with 453 g/t AgEq. over 0.4 m; Strike length extended to 95m from CMV23004 which returned 1168 g/t AgEq over 1.35 m. Further drilling at Cumavici returned highlights of: 505 g/t AgEq Over 11 m (CMVDD004); 824.2g/t AgEq over 4m (CMVDD001); 284g/t AgEq Over 10m (CMVDD005; see company news releases dated 8 September 22nd October 2022 as well as 2nd and 27th February 2023); The mineralization remains open northwest and down-dip to the southwest; Additional Phase III assays from diamond drillholes at Cumavici Ridge and Brezani targets will be released imminently. Hole ID From To Length Ag (g/t) Au Pb Sb Zn Ag Eq. A 0.4m interval from 69.1m presents as massive sulphides of sphalerite-galena-stibnite-pyrite with sulphide stringers extending into the clay altered volcanics in the hanging and footwall of the host structure. Drilling has importantly confirmed further continuation of the Cumavici mineralisation, which was confirmed as present on Cumavici Crest over 500 m NW. The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by generally NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc. Geological map illustrating the drillholes at the Cumavici Ridge locality. AgEq values are labelled for selected 2022 and 2023 drill intercepts. Current drilling efforts confirm mineralization over 95 m NW/SE strike length. (WGS84/UTM Zone 34N; The Phase III drilling has confirmed 3 polymetallic systems so far exploration at Cumavici. Joseva, CumaviciCrest, and the vein system at Cumavici Ridge. Mineralisation is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralisation occupies faults which are associated with quartz and calcium and calcite veining and Breccia cement. The mineralization occupies faults which may be associated with quartz-stibnite and breccia cement. Annuncio • Dec 13
Terra Balcanica Resources Corp. Completes 1200 M of Phase III Drilling At Silver-Antimony Targets in Bosnia and Herzegovina Terra Balcanica Resources Corp. announced the completion of the 1st stage of its 2,100 m Phase III drilling program at the Brezani and Chumavichi targets within its polymetallic Viogor-Zanik project in Bosnia and Herzegovina. Approximately 1,200 m of oriented, diamond core drilling was conducted at the Brezani andChumavichi targets within Terra's 168 km2 project in eastern Bosnia; Drillholes BRE25001 and BRE25001A, positioned 72 m NE of the discovery hole BREDD002 which returned 19.6 m at 436 g/t AgEq, have both intercepted a ca. 50-60 m interval of retrograde altered skarn, the host of the previously reported 0.61g/t AuEq over 88m, as well as several structural zones hosting intermediate sulphidation epithermal mineralization; Drillholes CMV25001 through 25004 have intercepted multiple zones of shallow, massive sulphide and quartz-sulphide, vein-hosted mineralization in the hanging and footwall of the SW dipping Chumavichi structure, all above 80 m depth; Epithermal mineralization encountered at both targets is polymetallic (Ag-Sb-Zn-Pb-Au) as confirmed by sulphide observations and pXRF. Key mineralized intervals have been sequentially sampled and are pending assay completion; The complete lithogeochemical assays will be reported after the laboratory data is received in its entirety. The 2025 drilling program follows up on high grade, polymetallic mineralizations which Terra has previously discovered, namely at Brezani and ChUMavichi targets, Viogor-ZanIK Project, Eastern Bosnia. Phase III aims to increase geological knowledge at both localities which have provided outstanding drilling results to date. The Brezani discovery, is a two-part story. Initial drilling revealed 88m from surface of 0.61g/t AgEq (0.60 g/t Au) within a retrograde altered skarn and hornfels package, which remains completely open along strike within an 850m long gold in soil anomaly. De deeper drilling in BREDD002 discovered an epithermal system, returning 19.6 m at 436g/t AgEq over 10 m (CMVDD001), providing shallow follow up targets. The Chumavichi target represents a district scale corridor of epithermal mineralization, with at least 3 separate vein systems confirmed by Terra's drilling to date. Previous drilling at Chumavichi returned grades of 824.2g/t AgEq Over 4 m (CMVDD001, 505.3g/t AgEq and 284g/t AgEqover 10 m (CMVDD004) and 284g/t Ag Eq over 10 m (CMVD004) and 284g and 10 m (CMVDD002), as well as several structural zones hosted intermediate sulphidation epithermal Mineralization; Drillholes CMV 25001 through 25004 have intercepted several zones of shallow, massive sulphides and quartz-sulphides, vein-hosted mineralized intervals, have both intercepted a ca., 50-60 m interval of Retrograde altered skarn, the hosts of the previously reported 0. 61g/t AuEq Over 10 m (CMVDD003) and 284g/t AuEq across 10 m (CMVDD005), as well as several structural zone hosting intermediate sulphidation epither mal mineralization; Drillholes CM V25001 through 25004 have intercept multiple zones of shallow, massive sulfide and quartz-sulPHide, vein-hosted Mineralization in the hanging and foot wall of the SW dipping ChumAVichi structure, all above 80m depth; Epithermal mineralized intervals have been intersecting similar styles of mineralization indicating the epithermal structures are numerous and trend towards surface where an epithermal structures are numerous. The Chumavichi targets. The Chumavichichi target represents a district scale zone of epithermal structures are numerous, with at least 3 separate veins and at Chumavichi target. Previous drilling at ChumAVichi returned grades of epithermal structures are numerous and trend towards surface. Previous drilling at Chumvichi returned grades of epither malmal structures are also intercepted a ca. Annuncio • Aug 19
Terra Balcanica Resources Corp. Intersects Gold Mineralization over 72 M and Starts Drill Program at Brezani Target in Bosnia Terra Balcanica Resources Corp. announced an expansion of the surface gold skarn system at Brezani and the start of the Phase III drill program at its Viogor-Zanik project, Bosnia and Herzegovina. The Brezani drillhole BRE23001 located 125 m SSW of the maiden Brezani drillhole intercepted 0.27 g/t Au over 72.3 m including 0.62 g/t Au over 7.5 m. The Au bearing metasomatized hornfels intercepted from surface at BREDD002 three years ago were not just a one-off as the follow up drilling clearly suggests a skarn with the gold mineralization over 200 m laterally. Being close to the surface, this is a considerable value add at Brezani given the NE- shallowing, 20 m wide, fault hosted silver antimony horizon which is the real focus of the current Phase III drill program. Brezani is located 8.4 km south of the Mineco Ltd.Sase Mine which produces approximately 330 kt of lead-zinc-silver-gold concentrate per year. Assay results of key mineralized intervals for diamond drillholes BRE23001 through BREDD004. Interval lengths reported are drilled lengths and not true widths. The Bosnian Viogor-ZanIK project with the Brezani skarn system to SE of the Sase mine. Annuncio • Aug 14
Terra Balcanica Resources Corp. announced that it has received CAD 1.117495 million in funding On August 13, 2025. Terra Balcanica Resources Corp. announced that it has closed the transaction. It has issued 3,025,809 units at a price of CAD 0.10 per unit for gross proceeds of CAD 302,581. In connection with the final tranche of the Offering, finders’ fees in the amount of CAD 7,000 were paid and 70,000 non-transferable finder’s warrants. Annuncio • Jun 30
Terra Balcanica Resources Corp., Annual General Meeting, Aug 28, 2025 Terra Balcanica Resources Corp., Annual General Meeting, Aug 28, 2025. Location: british columbia, vancouver Canada Annuncio • Jun 03
Terra Balcanica Resources Corp. Points to Silver and Antimony Grades and Ore Body Potential in Bosnia Terra Balcanica Resources Corp. announced to highlight the polymetallic potential of its Viogor-Zanik project in Bosnia in anticipation of the Phase III drilling campaign. After 2,200 m of diamond drilling completed at Chumavichi, high grade Ag-Sb-Pb-Zn-Au mineralizations have been confirmed at three targetning 2 km of strike along a shallow, fault-hosted, intermediate sulfidation, polymetallic vein system. At the Company's other Viogor- Zanik target of Brezani, Terra discovered a retrograde,chlorite-overprinted gold skarn system starting from surface and superimposed on a >1.2 km long, NE- shallowing Ag-Sb-Pss-Zn mineralized, fault-hosted permeability corridor. Here, with the maiden diamond drill hole BREDD002, Terra intercepted a 20-m wide, high grade, antimony-silver mineralization. The significant potential of silver (Ag) and antimony (Sb) mineralization in Bosnia is highlighted by the drill results. Previously released Terra Balcanica drill core assays from the Chumavichi target. Interval lengths reported are drilled lengths, not true widths. Silver equivalents (Ag Eq) are the original metal equivalents calculated based on the current metal prices of USD 3,375/oz for gold (Au), USD 34.45/oz for silver (Ag), USD 1.22/lb for zinc (Zn), USD 25.62/lb for antimony (Sb) and USD 0.89/lb for lead (Pb). Metal recoveries of 90% Au, the Company's Au-Sb-Pb) and the Company's news release from January 20th, 2025). The significant potential of silver ("Ag Eq") and antimony (Sb") mineralization in Bosnia is highlighted. Previously released Terra Bal canica drill core assays from The Chumavichi target. Interior lengths reported are drilled length, not true widths. silver equivalents (Ag Eq®?) are the original metal equivalent calculated based on the current metal price of USD 3,375/oz for gold (Au), US$34.45/oz for silver ("Ag Eq") are the original metal equivalents calculatedbased on the current metal prices of $3,375/oz for gold ("Au"), USD 34.45/oz for silver (Ag), $1.22/lb for zinc ("Zn"), USD 25.62/lb for antimony (Sb") and USD 0.89/lb for lead (Pb). metal recoveries of 90% Ab). Metal recoveries of90% Ab) and $0.89/b for lead (Pb). Mineral recoveries of 90% AB (Pb). Annuncio • Apr 16
Terra Balcanica Resources Corp. announced that it expects to receive CAD 1.117495 million in funding Terra Balcanica Resources Corp. announced a non-brokered private placement to issue minimum 7,500,000 units at issue price of CAD 0.10 for minimum gross proceeds of CAD 750,000 and maximum 11,174,950 units at issue price of CAD 0.10 for maximum gross proceeds of CAD 1,117,495 on April 16, 2025. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each warrant is exercisable to purchase one common share at an exercise price of CAD 0.20 per warrant share for a period of 24 months from the closing date of the private placement. The closing of the private placement is expected to occur on or about April 28, 2025. The company may pay finder’s fees to eligible parties who locate investors to participate in the private placement. The private placement is subject to the approval of the Canadian securities exchange. The securities issued to purchasers in the private placement will not be subject to a hold period under applicable Canadian securities laws. Annuncio • Mar 13
Terra Balcanica Resources Corp. Appoints Mathieu Couillard as Business Development Officer Terra Balcanica Resources Corp. announced the appointment of Mathieu Couillard as its Business Development Officer. Mr. Couillard brings a strong background in capital markets and business strategy to his role at Terra. He is an experienced Board Member and financial consultant with expertise in advising management and board of directors on capital market strategies. During his career, Mr. Couillard served as Managing Director of investment banking at Haywood Securities in Toronto, leading the Special Situations team from 2016 to 2022. Mathieu is an experienced investment banker with extensive expertise in capital markets. He participated in over CAD 1 Billion in capital raises for private and public companies and is the architect of numerous mergers and acquisitions. Prior to joining Haywood Securities, Mr. Couillard was part of the Risk Management Solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Banks investment banking group in Montreal. Mathieu is a Fellow of the Society of Actuaries and currently sits of on the board of directors of another TSX Venture listed company. Mr. Couillard has been the President and CEO of SPOD Lithium Corp. since April, 2024. Annuncio • Feb 27
Terra Balcanica Resources Corp. announced that it has received CAD 0.571 million in funding On February 26, 2025, Terra Balcanica Resources Corp. closed the transaction. The company announced that it has issued 4,420,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 442,000 in final tranche. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant issued in the final tranche of the Offering entitles the holder to purchase one Common Share at an exercise price of CAD 0.15 until February 26, 2028. Finders’ fees in the amount of CAD 28,840 were paid in this tranche of the Offering. Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the second and final tranche of the Offering are subject to a four month hold period ending June 27, 2025. The Offering is subject to the approval of the Canadian Securities Exchange. The transaction is oversubscribed. Annuncio • Jan 21
Terra Balcanica Resources Corp. announced that it expects to receive CAD 0.4 million in funding Terra Balcanica Resources Corp. announced a non-brokered private placement on January 21, 2025. The company will issue up to 4,000,000 units at a purchase price of CAD 0.10 per unit. Each unit will be comprised of one common share and a common share purchase warrant to purchase an additional one common share at an exercise price of CAD 0.15 per warrant share for a period of 36 months from the closing date of the private placement. The closing date is expected to occur on or before February 7, 2025, subject to regulatory approvals, including the approval of the canadian securities exchange. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the private placement. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws. Annuncio • Jan 20
Terra Balcanica Resources Corp. Drills 436 G/T Ageq over 19.6 M At Antimony-Silver Discovery in Bosnia Terra Balcanica Resources Corp. announced strong assay results from a new discovery at the Brezani target within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina. Drillhole BREDD002 returned 436 g/t AgEq over 19.6 m including 746 g/t AgEq and 1.42 wt.% Sb over 9.8 m; Another mineralization style confirmed at Brezani in addition to the gold skarn with 0.61 g/t AuEq over 88.0 m from surface; Mineralization trends towards surface and daylights in a topographic depression with As-Bi-Sb-Te anomalism in soil samples with a shallow "boiling-zone" drill target; 4 shallow drillholes, aimed at expanding the footprint of the gold skarn have been completed within the > 800 m strike length gold in soil anomaly, with assay results pending. Assay results of the new epithermal discovery in drillhole BREDD002. Interval lengths reported are drilled lengths, not true widths. Silver equivalents ("AgEq") are based on assumed metal prices of USD 2,700/oz for gold (Au), USD 30/oz for silver (Ag), USD 1.40/lb for zinc (Zn), USD 17.50/lb for antimony (Sb) and USD 0.90/lb for lead (Pb). Assayed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests on analogous intermediate sulphidation epithermal vein deposits. A topographic low with an anomalous epithermal assemblage in soil and rock chip geochemistry is interpreted as the surface expression. Future drilling efforts will aim to intersect the epithermal mineralization shallow and explore for a "boiling zone" where precious metals may have been favourably precipitated. Annuncio • Jan 16
Terra Balcanica Resources Corp. Discovers Silver and Antimony Dominated Epithermal Mineralization At Brezani in Bosnia and Herzegovina Terra Balcanica Resources Corp. announce the discovery of a ca. 20 m wide zone of polymetallic mineralization intercepted during the Phase II drilling at the Brezani target within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina. Highlights are: Continuation of drillhole BREDD002, which returned 88 m at 0.61 g/t AuEq from surface has intercepted a substantial zone of low/intermediate sulphidation epithermal mineralization; A ca. 10 m zone of continuous colloform/ginguro banded quartz-carbonate-sulphide and sulphide cemented breccia sits at the upper contact of a structural zone where observed epithermal veining extends for a least 20 m;Epithermal mineralization projects ENE towards surface following a conductivity gradient within a magnetic low and is interpreted to daylight in a topographic depression where As-Bi-Sb-Te is anomalous in soil sample assays, offering a shallower drill target; Mineralization is polymetallic (Sb-Pb-Zn +/- Au-Ag) with evidence of several mineralizing and fluid boiling events;Terminating at a depth of 674 m, the hole intercepted 118.4 m of chlorite-sericite altered diorite porphyry; Terra has commenced a dense soil sampling program across the multi-domain Brezani hydrothermal system to enhance the domains of gold skarn and surface expression of epithermal mineralization; Samples from BREDD002 are currently being analysed and will be reported after the internal QA/QC program has been completed and data deemed good quality. The Company commenced redrilling BREDD002 from 215 m where 2022 drilling efforts ended in a chlorite-sericite altered diorite porphyry, returning 0.26 g/t Au and reached a depth of 674 m. The drillhole targeted a coincident magnetic and conductivity anomaly and intersected several zones of calc-silicate alteration associated with phyllic and chlorite-sericite altered diorite porphyries. A zone of epithermal mineralization within a large structure was intersected from 482.1 m downhole which marked the change into chlorite-sericite altered porphyritic diorites. Drillcore Observations: The zone of mineralization from 482.1 m consists of banded veins and sulphide cemented breccias with 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 structure is dominated by hydrothermal breccia with a sulphide-quartz-carbonate cement. Clasts are banded vein fragments. BREDD002 ended at 674 m depth after 118.4 m of chlorite-sericite altered diorite porphyry intrusive. Sinuous quartz-pyrite-molybdenite veins, quartz-magnetite, anhydrite-carbonate, pyrite-chlorite, and pyrrhotite-carbonate veining is present alongside disseminated pyrite-pyrrhotite. Alteration is interpreted as strongly overprinted potassic, by chlorite-sericite. Local phyllic and strong chlorite alteration is observed associated with carbonate-arsenopyrite-bismuthinite veins. The intrusive texture is partially destroyed by the silica groundmass flooding and formation of very fine-grained biotite giving the rock a reddish brown to grey-green colouration with chlorite replacement and coarser grained muscovite mica. Hornblende phenocrysts have been replaced by biotite and magnetite. Ongoing Exploration Program: Terra is undertaking a soil survey across the Brezani target on a 20 x 100 m grid (Figure 4). Sample frequency is tighter in the E/W direction perpendicular to the gold skarn and epithermal corridor. This will build on the initial 175 x 175 m, aqua regia ICP-MS soil sampling and delineate geochemical domains. The interpreted surface expression of the newly discovered epithermal mineralization will be covered, and results will assist in targeting prospective intervals along the strike length of this structure for shallow, follow up drilling. Annuncio • Nov 01
Terra Balcanica Resources Corp. announced that it has received CAD 0.986885 million in funding On October 30, 2024, Terra Balcanica Resources Corp. closed the transaction. The company issued 381,250 Units at a price of CAD 0.10 per Unit for gross proceeds CAD 38,125 in its final tranche. The company issued total of 9,868,850 Units for proceeds CAD 986,885. Annuncio • Sep 10
Terra Balcanica Resources Corp., Annual General Meeting, Oct 30, 2024 Terra Balcanica Resources Corp., Annual General Meeting, Oct 30, 2024. Location: british columbia, vancouver Canada New Risk • May 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €427m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (72% average weekly change). Market cap is less than US$10m (€2.25m market cap, or US$2.44m). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Significant insider selling over the past 3 months (€427m sold). Annuncio • May 19
Fulcrum Metals Provides Update on Sale of Uranium Projects Update Further to the Company's announcement on 3 April 2024 (the "Previous Announcement"), Fulcrum Metals plc (AIM:FMET), a company focused on mineral exploration and development in Canada, provided an update on the proposed sale of its uranium projects (the "Uranium Projects") located in Saskatchewan, Canada to Terra Balcanica Resources Corp. (CNSX:TERA) ("Terra"). On 2 April 2024, Fulcrum granted Terra the option to acquire a 100% interest in its Uranium Projects (the "Proposed Transaction") by way of a letter of intent (the "LOI") and it was anticipated that a definitive agreement would be entered into during May 2024. However, due to delays in the documentation process, Fulcrum and Terra entered into an extension agreement on 16 May 2024 whereby the date by which the definitive agreement pursuant to the Proposed Transaction must be executed has been extended to 15 June 2024. Full details of the LOI and the Proposed Transaction are disclosed in the Previous Announcement and, save for the completion date, it is expected that a definitive agreement on the Proposed Transaction will be on those terms. It should be noted that there can be no guarantee that a definitive agreement will be entered into, nor the timing thereof. Ryan Mee, Chief Executive Officer of Fulcrum, commented: "Since signing the non-binding LOI, Terra has been fully engaged in working towards the completion of the acquisition of our exciting, highly prospective, uranium portfolio in Saskatchewan, a premier uranium jurisdiction. Certain steps under that process have, unfortunately, taken longer than anticipated, but we are confident that the acquisition will be completed by the extended back stop date of 15 June 2024. I look forward to providing further updates as the transaction is closed out and welcoming Terra as a partner to explore and advance these projects in a strong industry driven by the energy transition to lower baseload power carbon emissions". Annuncio • May 18
Terra Balcanica Resources Corp. announced that it expects to receive CAD 0.6 million in funding Terra Balcanica Resources Corp. announced a non-brokered private placement of up to 6,000,000 units at a purchase price of CAD 0.10 per unit for gross proceeds of up to CAD 600,000 on May 17, 2024. Each unit will be comprised of one common share in the capital of the company and a common share purchase warrant to purchase an additional one common share of the company at an exercise price of CAD 0.15 per Warrant Share for a period of 36 months from the closing date of the Private Placement. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws. The Closing Date is expected to occur on or before June 14, 2024, subject to regulatory approvals, including the approval of the Canadian Securities Exchange and certain other customary conditions. In certain circumstances, the company may pay finder’s fees in cash and warrants on a portion of the Private Placement. Annuncio • Apr 11
Terra Balcanica Provides Exploration Activities Update on High Grade Silver and Gold Targets At Viogor Zanik Project in Bosnia Terra Balcanica Resources Corp. provided an update from the Phase I and II exploration drilling within its principal 168 km2 Viogor-Zanik project in Bosnia-Herzegovina. The Company completed approximately 2,200 m of drilling along a shallow, high grade, silver-dominated, intermediate sulfidation polymetallic Ag-Au-Pb-Zn-Sb vein system at the locality known as Chumavichi. This semi-continuous, 7.2 km-long structural corridor associated with a low magnetic response was previously largely untested by drilling and hosts altered volcanic tuffs and breccias with occurrences of massive Pb, Zn and Fe sulphides. At the Company’s second Viogor-Zanik target of Brezani, Terra discovered a surficial auriferous skarn superimposed on an Ag-Pb-Zn-Au mineralized, NE-shallowing structural system itself overlying porphyry andesites stock from 550 m of depth. The target is characterized by overlapping 1.2 km wide magnetic and EM anomalies with over 700 meters wide Au-Bi-Zn anomaly at surface and banded skarn outcrops with sphalerite and chalcopyrite. Similar geophysical signatures are detected at the 4.1 Moz Au Eq. Rogozna Au-Cu skarn project in SW Serbia. The Company completed approximately 1,200 m of diamond drilling at Brezani with additional assays to be released shortly. Highlights: Maiden Chumavichi Ridge drillhole CMVDD001 intercepted 824.2 g/t AgEq. over 4.0 m from 29 m of depth, including 1,634.4 g/t AgEq. over 2.0 meters; Chumavichi Ridge drill hole CMVDD002 intercepted 816.1 g/t AgEq. over 2.0 m; CMVDD003, an 83-meter step-out from CMVDD001, intercepted a vein interval of 465.5 g/t AgEq. over 8.7 meters, including 1196.6 g/t AgEq. over 2.0 meters, and is open at depth; The step out drillhole CMVDD005 returned 284 g/t AgEq over 10.0 m including 895.8 g/t AgEq over 2.0 m approximately 50 m west-northwest of CMVDD002; The Chumavichi Ridge drill hole CMVDD004 along the same drill fence 40 m northeast of CMVDD005 returned 505.3 g/t AgEq over 11.0 m from 43.0 m depth including 3075.4 g/t AgEq (108.5 oz/t AgEq) over 1.7 m; Shallow, polymetallic mineralization was also intersected 600 m NW of the discovery hole at the Cumavici Ridge where two drill holes through a new parallel structure returned 531 g/t AgEq over 0.75 m (CMV23007), and 355 g/t AgEq over 1.10 m (CMV23009); The Phase II drillhole CMV23004 intersected 1,168 g/t AgEq over 1.35 m from 36.2 m downhole to add 42 m strike length SE of CMVDD002 with mineralization remaining open and untested down-dip; Drill hole CMV23003 intersected 457 g/t AgEq over 4.15 m from 43.85 m downhole and points to a wider down-dip continuation of the high-grade mineralization from the previously reported CMV23004; Drill testing of the 650 m-wide, conductivity high at the centre a 1.2 km wide anomalously magnetic rock volume at Brezani intercepted 0.61 g/t AuEq over 88.0 m (BREDD002) and 0.58 g/t AuEq over 28.6 m (BREDD001). Continuation of this drill hole along same azimuth and dip to depth of 674 m has intercepted a substantial width of low to intermediate sulphidation epithermal mineralization and potassically altered, porphyritic andesites overprinted by chlorite from 550 m depth. Upcoming Results: Laboratory assays results from section of drill hole BREDD002 below 215 m depth are pending QA/QC verification and will be released imminently. Additionally, four more diamond drill holes (BRE23001-004) between depths of 120 and 160 m that tested the surface gold bearing calc-silicates and magmatic breccias will be released in comings months. Board Change • Mar 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Giulio Bonifacio was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 01
Terra Balcanica Intercepts 551 g/t AgEq over 4.8 m At Cumavici Ridge in Bosnia and Herzegovina Terra Balcanica Resources Corp. announced the final geochemical assay results from the Phase II drill campaign at Cumavici Ridge confirming continuation of the high-grade epithermal vein mineralization at the Viogor-Zanik project in Bosnia and Herzegovina. Highlights: Drillhole CMV23001 intersected 551 g/t AgEq over 4.8 m from 11 m downhole with a further mineralized interval of 669 g/t AgEq over 0.3 m from 31.60 m; Drillhole CMV23001 is located on the same platform as previously CMV23002b which returned 499 g/t AgEq over 3.8 m from 22 m reported; The Cumavici Ridge mineralization remains open and untested immediately northwest and down-dip to the southwest, which will be targeted by its 2024 Phase III drill program; Further assay results from the 2023 Phase II drilling program are pending release, including 4 shallow drillholes at the Brezani Au skarn, which aim to add strike length to the previously reported 88.0 m at 0.61 g/t AuEq from surface. Future Exploration Program: Further drilling efforts at Cumavici Ridge will aim to connect the shallow high-grade interval reported in this release to the 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m reported over 600 m to the northwest. The shallow, vein hosted system remains untested and open to the southwest down-dip which will also be targeted during the 2024 Phase III drilling. Half core (PQ3 and HQ3) samples were delivered by truck to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), quarter core field duplicates and blanks were inserted at a rate of 9% and investigated as part of the company's quality assurance and quality control program. Annuncio • Jan 18
Terra Balcanica Resources Corp. Announces Additional Assay Results from the 2023 Phase Ii Drill Campaign Confirming Continues of the High-Grade Cumavici Ridge Polymetallic Mineralization Within Its Viogor-Zanik Project in Bosnia and Herzegovina Terra Balcanica Resources Corp. announce additional assay results from the 2023 Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge polymetallic mineralization within its flagship Viogor-Zanik project in Bosnia and Herzegovina. The Company further announces closing of the final tranche of its non-brokered private placement financing of shares for total gross proceeds of $212,200. Further drilling efforts at Cumavici Ridge will aim to connect the shallow high-grade interval reported in this release to the 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m reported over 600 m to the northwest. The system remains untested and open to the southwest down-dip which will also be targeted in 2024 drilling. Half core (PQ3 and HQ3) samples were delivered by truck to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), quarter core field duplicates and blanks were inserted at a rate of 9% and investigated as part of the company's quality assurance and quality control program. The Company issued an additional aggregate of 1,200,000 Shares at a price of $0.04 per Share for gross proceeds of $48,000 pursuant to the Offering announced on December 1st, 2023. In total, the Company has issued 5,305,000 Shares at a price of $0.04 for gross proceeds of $212,200. Terra will use the net proceeds of the Offering for working capital and to finance the acquisition of a strategic mineral exploration licence in Bosnia and Herzegovina. Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the final tranche of the Private Placement will be subject to a four (4) month hold period ending May 17th, 2024. There were no finders' fees paid in any of the tranches of the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person or any person in the United States, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. "United States" and "U.S. Person" are as defined in Regulation S under the U.S. Securities Act. Annuncio • Jan 17
Terra Balcanica Resources Corp. announced that it has received CAD 0.2122 million in funding On January 17, 2024, Terra Balcanica Resources Corp. closed the transaction. The company issued 1,200,000 shares at an issue price of CAD 0.04 per share for gross proceeds of CAD 48,000 under final tranche. All securities issued and issuable in connection with the closing of the final tranche of the Private Placement will be subject to a four (4) month hold period ending May 17th, 2024. There were no finders’ fees paid in any of the tranches of the Offering. Annuncio • Sep 07
Terra Balcanica Resources Corp. Intersects Mineralized Structure with 640 M Step-Out from Cumavici Ridge Polymetallic Vein inosnia Terra Balcanica Resources Corp. announced the discovery of a new mineralized structure over 600 m northwest from the 2022 discovery made at the Cumavici Ridge epithermal vein target within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina. Shallow, polymetallic mineralization has been intersected over 600 m northwest of the 2022 high grade, silver discovery at Cumavici Ridge through drill testing of a new parallel structure; All 5 drill holes hit the target structure, with drill holes CMV23007, CMV23009 and CMV23010 macroscopically displaying polymetallic mineralization; Step out structure is continuous for193 mnorthwest-southeast andopen along strike and down-dip; Geochemical assay results from the Phase II drilling at the Cumavici polymetallic prospect are pending laboratory release and will be imminently reported. The Company commenced its Phase II drilling program at Cumavici Ridge, which was the location of the 2022 high-grade polymetallic discovery which returned up to 505 g/t Ag Eq. over 11 m. Over 600 m to the northwest Drillholes CMV23006-010 successfully discovered another mineralized structure, attesting to the prospectivity of the Cumavici Ridge target. Much of the > 7 km strike length structural corridor remains untested, with several mineralized structures outcropping at surface, offering Terra significant exploration opportunity to discover more polymetallic epithermal veins. Drill Core Observations: Drillhole CMV23007 is situated 520 m northwest of CMV23001 and targets another shallow structure prospective for polymetallic mineralization. Between 39.1 and 41.8 m a series of fault hosted veins, dominated by radiating aggregates of stibnite are observed within a silicified lapilli tuff. Drillhole CMV23007 collared 74.0 m northwest of CMV23007 intercepted a zone of sulphide mineralization within a tuffaceous breccia between 39.4 and 45.7 m downhole. Within the mineralized structure there are intervals of complete replacement of the breccia matrix by sulphide and a 10 cm sulphide vein comprising stibnite-sphalerite-galena. Drill hole CMV23010 stepped 59.0 m west-northwest and intersected a mineralized zone between 83.8 and 90.3 m downhole with aggregates of sphalerite within the structure. A sulphide vein is present at 86.85 m depth consisting of stibnite, banded at 86.85 m depth comprising stibnite, and quartz. Annuncio • Jul 23
Terra Balcanica Continues Testing Brezani Porphyry Target in Bosnia Terra Balcanica Continued Testing Brezani Porphyry Target in Bosnia. The Company is testing a 650 m wide conductivity high at the centre of an anomalously magnetic volume of rock, 1.2 km in diameter, where potassic altered porphyritic andesites overprinted by chlorite are found below a gold-bearing skarn. Here, the electrically resistive unit returned 88.0 m of 0.61 g/t AuEq from surface. The redrilled Phase I drill hole has now been extended beyond its 2022 terminal depth of 215 m along the same dip and azimuth. The HQ diameter diamond drill bit has now reached 468 m as it progresses at a rate of ca. 20 m daily to intercept the >60 mS/m conductor in a week. From 240 m to 374.7m below surface, Terra's BREDD002 drillhole has intersected a large package of phyllic altered hornfels with intermittent porphyry intrusions, crosscut at high angles and associated with both calc-silicate alteration and carbonate base metal veining. At depth of 320 m and spatially coincident with a sub-horizontal conductivity change drilling has penetrated an intensely silicified structure underneath which there is a substantial increase in the volume of sulfide minerals and density of carbonate base metal veins. This structure, interpreted as a low-angle reverse fault, appears to intersect surface toward NW around the same area where gossanous material was previously mapped. It is suggested that this zone could be a target for intersection of carbonate-hosted, base metal veining. The fault zone is characterized by increased pyrite veining and minor Zn, Sb, Sn anomalies and up to 2,100 ppm arsenic measured by the pXRF technique. If the current observed modal proportions of pyrite stay above 5 vol.% underneath the fault zone, along with the ubiquitous phyllic alteration overprint, this could be interpreted as evidence of the outer pyrite shell within a classic porphyry system and an indicator of potentially fertile ore system below. Annuncio • Jun 23
Terra Balcanica Resources Corp. Starts Phase II Drilling At Brezani Porphyry Target in Bosnia Terra Balcanica Resources Corp. recommenced drilling of the 1.2 km wide Brezani porphyry target at its flagship Viogor-Zanik project in Bosnia and Herzegovina. The Company is recommencing diamond core drilling of the Brezani porphyry system to test a > 600 m wide conductivity anomaly at the centre of a 1.2 km wide anomalously magnetic volume of rock overprinted by potassic alteration under a gold-bearing skarn discovered in 2022. Drilling within this electrically resistive unit returned 88.0 m of 0.61 g/t AuEq from surface. Concurrently with the Phase 2 Cumavici drilling program at Viogor-Zanik Terra’s geology team has expanded the strike length of calc-silicate hornfels at Brezani to over 800 m NW-SE and 275 m NE-SW thus expanding the volume of gold-bearing rock to drill test. Sulphide content and grain size increases to the south of the trend, indicating a possible proximity indicator to intrusive contact. The package of calc silicates is interpreted as a mineralized shoulder to the porphyry intrusion. Conductivity profile of the Brezani target with >95th percentile magnetic anomaly. BREDD002 tested the resistive volume above an abrupt change into coincident high magnetic and elevated electrical conductivity response below 300 m depth which culminates at >60 mS/m at 450 m of depth. Dashed line represents distance from the end of BREDD002 to the top of conductor. Moving 700 m NE from the centre of the calc-silicates, pervasive argillic alteration of a granodioritic unit crops out over 600 m strike length representing the shallowest part of the porphyry system. Within this argillic alteration newly recognized massive specular hematite veining is present, indicative of oxidized hydrothermal fluids, adjacent to gold-bearing hydrothermal breccias. The alteration consists of a silicified groundmass and clay or vugs present after plagioclase feldspar destruction. Secondary, euhedral quartz and arsenopyrite-pyrite-galena-sphalerite can be seen infilling these vugs, offering yet another style of mineralization at the Brezani target. Annuncio • May 20
Terra Balcanica Resources Corp., Annual General Meeting, Jul 31, 2023 Terra Balcanica Resources Corp., Annual General Meeting, Jul 31, 2023. Annuncio • May 17
Terra Balcanica Resources Corp. Appoints Rodney Stevens as Business Development Officer Terra Balcanica Resources Corp. announced the appointment of Rodney Stevens as its Business Development Officer. Mr. Stevens is a CFA Charterholder with over a decade of experience in the capital markets, first as an investment analyst with Salman Partners Inc., and subsequently as a merchant and investment banker. While at Salman Partners, he was proclaimed the 2007 top-rated analyst for the metals and mining industry by StarMine. Mr. Stevens was also a portfolio manager registered with Wolverton Securities Ltd. and over the course of his career, he has been instrumental in assisting financings, mergers and acquisitions worth over CAD 1 billion in transactional value. Annuncio • May 10
Terra Balcanica Resources Corp. Announces Positive Assay Results from Surface Rock Chip and Soil Sampling at its 80.4 Km 2 Ceovishte License in Southern Serbia Terra Balcanica Resources Corp. announced positive assay results from surface rock chip and soil sampling at its 80.4 km2 Ceovishte license in southern Serbia and closing of the first tranche of the previously announced non-brokered private placement financing of units for gross proceeds of $404,650 (the Offering). Highlights Surface rock sample include concentrations as high as 53.5 g/t Au, 78.6 g/t Ag and 2.47 % Cu with up to 0.39% Co and 0.45% Bi; 900 m strike length of Au-Ag- As- Bi-Cu-Te anomalism in soil geochemistry defines new target, with soil assays returning up to 2.42 g/t Au; Mineralization is controlled by potassic altered diorites hosting quartz-chalcopyrite veins with secondar y copper mineralogy at surface and a gold-bismuth-cobalt rich epithermal assemblage; Drill-ready with both porphyry and epithermal mineralization visible at collar locations. The Ceovishte license totals over 80 km2 of highly prospective land for gold and copper exploration in the historic Raska mining district of southern Serbia. The license area drapes southern slopes of the Golija Mountain, a part of the well-known Kopaonik metallogenic zone. This area features the Kizevak and Sastavci Pb-Zn-Ag mines including the Karadak deposit, all owned by Adriatic Metals plc. The historical Yugoslav GKZ, non-NI 43-101 compliant resource estimates for Kizevak is 3.9 Mt of ore grading 3.92 % Zn, 2.15 % Pb and 31 g/t Ag categorized according to the Yugoslav A+B+C1 resource nomenclature. The Raska mining district also holds the Rudnica Cu-Au porphyry target and is a northerly extension of the partially exploited, world class Trepca Pb-Zn- Ag skarn deposit of the norther Serbian province of Kosovo. Trepca features a non-NI 43-101 compliance resource of 60.5 Mt of ore grading over 8.0 % Pb+Zn and >159 Moz of Ag. Annuncio • Feb 03
Terra Balcanica Resources Corp. Intersects 284 G/T AGEQ over 10 M Including 895 G/T AGEQ over 2 M At Viogor-Zanik Project in Bosnia Terra Balcanica Resources Corp. announced additional, positive step-out drill results at the high-grade polymetallic Cumavici Ridge epithermal target within its, 216 km2 Viogor-Zanik project, Bosnia and Herzegovina. Highlights High grade +50 m step out: Drillhole CMVDD005 returned 284 g/t AgEq over 10.0 m including 895.8 g/t AgEq over 2.0 m approximately 50 m west-northwest of CMVDD002; Previously released intercepts at the Cumavici target returned similar high grades: CMVDD001: 824.2 g/t AgEq. over 4.0 m including 1634.4 g/t AgEq. over 2.0 m; CMVDD002: 816.1 g/t AgEq. over 2.0 m; CMVDD003: 465.5 g/t AgEq. over 8.7 m including 1196.6 g/t AgEq. over 2.0 m; CMVDD004, located 40 m northeast of CMVDD005, intersected 11 m of visible sulphide mineralization with assays to be released shortly; Exploration upside: CMVDD005 confirms consistent high grade, polymetallic mineralization at Cumavici Ridge. The mineralization is entirely open to the NW and down-dipto the SW. High-grade results confirm the Cumavici corridor as a shallow, polymetallic epithermal discovery with significant potential for expansion. Drillhole CMVDD005: targeted the down-dip extension of the lateral step out confirmed by CMVDD004 with a 40 m collar location step out to the west-southwest. CMVDD005 intercepted 2 mineralized intervals, evidencing the branching nature of the main Cumavici vein including 285 g/t AgEq over 10 m from 81 m. Mineralization consists of massive sulphide veins and breccias cemented by quartz, calcite, sphalerite, galena, and stibnite. Drillhole CMVDD006: successfully intercepted a continuation of the mineralized Cumavici structure 125 m to the SE from CMVDD005. Mineralization was disseminated, in broad zones of fault gouge and breccia indicating a pinching and swelling nature to the massive sulphide zones. An association of sulphides and brecciated calcite within the clay gouge is noted, possibly due to precipitation of the mineralization during active fault movement. Further Drilling: Assay results from CMVDD004, which intersected 11 m of visible sulphide mineralization from 43 m depth will be released shortly. Other assays to be released include drill testing of the Joseva target, which is 2.3 km to the SE of Cumavici Ridge. The 2023 drill program will systematically test the high-grade Cumavici vein along strike to the NW/SE and down-dip SW where the mineralization is open and untested. Annuncio • Jan 25
Terra Balcanica Intersects 0.61 G/T Gold Equivalent over 88.0 M from Surface At Brezani Discovery, Viogor-Zanik in Bosnia-Herzegovina Terra Balcanica Resources Corp. announced the discovery of a gold bearing system at Brezani within its 90% owned Viogor-Zanik project, Bosnia and Herzegovina. Brezani is located 8.4 km south of the Mineco Ltd.Sase Mine which produces approximately 330 kt of lead-zinc-silver-gold concentrate per year (Figure 1). Brezani hosts components of a large magmatic-hydrothermal system discovered by geophysical and geochemical surveys. Drillhole BREDD001 was terminated at 28.6 m depth due increased levels of core loss. The core returned 28.6 m at 0.58 g/t AuEq from surface. The lithologies intercepted were strongly oxidized diorites and hydrothermal breccias, ending in a calc-silicate hornfels. Au contents of up to 1.9 m at 2.46 g/t Au are observed in hydrothermal breccias of dioritic intrusive rocks, apopheses of an underlying pre/inter-mineral intrusion. Drillhole BREDD002 was designed as a subsequent hole to BREDD001 to test the resistive hanging wall existing below the exposed calc-silicate hornfels. The drillhole collar was centered on an 850 m wide Au in soil anomaly and located 65 m NW from the previously completed exploratory trenches that yielded 32 m at 0.54 g/t AuEq. 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. The sulphides encountered at Brezani are characterised by both disseminated and intervals of semi-massive sphalerite-chalcopyrite. Pyrrhotite is the dominant iron sulphide, with pyrite uncommon. The gold is controlled by lithology and associated with skarns, calc-silicate hornfels and specific intrusive phases. Quartz veins host pyrrhotite, sphalerite, chalcopyrite and molybdenite. A less reactive hornfels is present between 87.2 and 199 m depth but silicified diorite reappears between 214 and 215 m depth where the drillhole ended in Au mineralization returning 0.26 g/t Au. 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. The presence of these veins confirms another mineralization style within the broad porphyry (Cu) model. Mineralogy is varied with pyrrhotite, pyrite, sphalerite, galena, arsenopyrite and bismuthinite present within fault hosted, quartz-carbonate veins. The Brezani target bears lithological similarities with the Rogozna Project operated by Zlatna Reka Resources located 150 km SW within the Oligo-Miocene Tethyan belt in neighbouring Serbia. The Rogozna Au-Cu skarn deposit has a 2021 JORC compliant inferred mineral resource of 64 Mt grading 0.7 g/t Au and 0.2% Cu (2.15 Moz Au total), calculated using multiple indicator kriging on 154 drillholes, totalling 90,278 drill metres. Further Drilling: The coincident strong magnetic and conductivity anomalies (> 60 mS/m) below the resistive surface shell at Brezani remains untested and presents a promising target for increased, interconnected sulphide content characteristic of mineralized porphyry shells, which will be the Company’s priority during the 2023 drilling campaign. Follow up will be undertaken from other locations within the Au-in-soil anomaly to assess lithological variability and grade of the Au skarn along strike. Additional drilling will test Au anomalous rock chips within argillically altered volcanics and hydrothermal breccias thus offering a chance for testing multiple styles of mineralization within a broad porphyry model. Half core (PQ3 and HQ3) samples were delivered to ALS Bor, Serbia for sample preparation and subsequent wet chemical analysis at the Loughrea laboratory in Ireland, an ISO/IEC 17025:2017 certified test facility. Sample preparation PREP-31BY method involved crushing the core to 70% less than 2 mm, rotary split 1.0 kg and pulverizing the split to greater than 85% passing 75 microns. Silver and base metals were analysed by ICP MS after a four-acid digest (ME-MS61). Gold was assayed by 30g fire assay with ICP AES finish (Au-ICP21). Over limit samples for base metals were re-analysed by the four-acid digest ICP-AES analyses termed ME-OG62. Control samples comprising the certified reference material CDN-ME-1501 (Canadian Resource Labs Ltd.), quarter core field duplicates and blanks were inserted at a rate of 5% and investigated as part of the Company’s quality assurance and quality control program. Dr. Aleksandar Miškovic, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Miškovic has reviewed and validated the information contained in this news release as factual and accurate. Annuncio • Jan 12
Terra Balcanica Extends Footprint of Shallow Polymetallic Cumavici Vein at Viogor-Zanik Project in Bosnia-Herzegovina Terra Balcanica Resources Corp. confirmed that step-out drilling has extended the massive, polymetallic sulphide vein system at the Cumavici Ridge target located within its 90% owned Viogor-Zanik project, Bosnia and Herzegovina. Two shallow intervals from drillholes CMVDD004 and CMVDD005 reveal visible massive sulphides of 10 m and 11 m inthickness respectively; the system remains open down dip and along strike. System strike length has been extended by approximately 50 meters west-northwest from the initial drillholes released from the Cumavici target where previously reported drillhole intervals include: CMVDD001: 824.2 g/t AgEq. over 4.0 m including 1634.4 g/t AgEq. over 2.0 m; CMVDD002: 816.1 g/t AgEq. over 2.0 m; CMVDD003: 465.5 g/t AgEq. over 8.7 mincluding 1196.6 g/t AgEq. over 2.0 m. Assay results from CMVDD004 and CMVDD005 will be released shortly. The Company commenced its maiden drill program by discovering a high-grade, polymetallic vein system intercepting 824.2 g/t AgEq over 4.0 m at the Cumavici Ridge target (see news release dated September 8, 2022). Subsequently, the footprint of this intermediate sulfidation epithermal system was extended 83 m down-dip including drill intervals of 465.5 g/t AgEq over 8.7 m, including 1196 g/t AgEq over 2.0 m. The subsequent step-out holes of CMVDD004 and CMVDD005 have intercepted thicker intervals of up to 11 m of massive sulphides approximately 50 meters west-northwest from the initial cluster of drillholes including CMVDD001, CMVDD002 and CMVDD003. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Steve Latimer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 