Terra Balcanica Resources Corp C.TERA

Metals & Mining Industrial Metals & Minerals

Terra Balcanica Resources Corp. is a Canada-based polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina and owns 100% of the Ceovishte mineral exploration license in southern Serbia. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licenses at the outskirts of the Athabasca basin: Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton. The Viogor-Zanik Project comprises two mineral exploration licenses (Cumavici and Olovine) totaling approximately 168 square kilometers (km2). The Ceovishte mineral license in Serbia totals over 80.36 km2. Charlot-Nely Lake property covers 163.72 km2 and is located at the heart of the Beaverlodge District, 13 km northeast of Uranium City. The South Pendleton property sits upon the Needle Falls Shear Zone and covers 44.76 km2.

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Terra Balcanica Resources Corp

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Post by Betteryear2on Jan 17, 2024 12:50pm

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Post# 35831564

Terra Balcanica Drills 499 g/t AgEq Over 3.8 m

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to 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 (the “Offering”) of shares (the ”Shares”) for total gross proceeds of $212,200.

Terra Balcanica Drills 499 g/t AgEq Over 3.8 m At Cumavici (globenewswire.com)