One junior company seemingly benefiting from both the strength in silver prices and positive company-specific momentum is Terra Balcanica Resources Corp. (CSE: TERA) (OTC: TEBAF), which recently reported high-grade assay results that have added to the bullish sentiment surrounding the stock.
The company reported earlier this morning, additional high-grade assay results from its Phase III drilling program at the Cumavici Ridge polymetallic epithermal vein system, part of the Viogor-Zanik Project in eastern Bosnia and Herzegovina. Drillhole CMV25004 returned 636 g/t silver equivalent over 4.3 metres, including higher-grade intervals of 1,757 g/t over 0.8 metres and 1,319 g/t over 0.4 metres. The hole stepped out into previously untested ground, positioned southeast of earlier strong intercepts, and further supports the presence of robust, continuous high-grade mineralization at Cumavici Ridge. The system remains open along strike and at depth toward the southwest, with additional Phase III drilling ongoing.
Terra Balcanica is focused on discovering large-scale polymetallic and energy metal deposits across the Balkans and northern Canada. The company holds a 90% stake in the Viogor-Zanik Project, while its subsidiary, Terra North Resources Corp., controls a fully optioned portfolio of uranium exploration licenses near the Athabasca Basin in Canada, including the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton properties.
Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “Terra continues proving up our flagship shallow, fault hosted, epithermal system. The drill intercepts with individual samples up to 7.23% Sb, 23.4% Zn 3.69 g/t Au and 420 g/t Ag alongside 12.5% Pb attest to the exceptional base and precious metal endowment at Cumavici Ridge. The drilling will continue by focusing on the system extension westward and down dip. We are committed to advancing our portfolio of critical metals and remain an exceptional investment opportunity considering the proximity of our assets to the existing Sase mine infrastructure and our position adjacent to the European markets.”
Shares of TERA are currently up 14.29% at $0.08, meanwhile U.S. listed shares (TEBAF) are up 9.63% at $0.0575 in mid-morning trading.
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