Terra Balcanica follows up on promising antimony intercept with Phase III drill program

Shot of the core shack this week at the Viogor-Zanik silver-antimony project in Bosnia and Herzegovina. Photo credit: Terra Balcanica Resources

Mining

Terra Balcanica follows up on promising antimony intercept with 2,200-metre drill program

Earlier this year, the junior intercepted 436 g/t AgEq over 19.6 metres with 1.4% antimony in a 9.8-metre interval

Rowan Dunne

Published

4 hours ago

Canadian junior Terra Balcanica Resources Corp (CNSX: TERA) (FRA: UB10) is pursuing antimony (Sb) more aggressively in Bosnia and Herzegovina after a pulling a 9.8-metre intercept with 1.4 per cent Sb content in January. Though not spectacular, the result is intriguing and indicates significant potential.

The skyrocketing price of the commodity has prompted the mining company to designate its Viogor-Zanik operation as an antimony-silver project. It holds significant quantities of copper, zinc, gold, tin and lead as well, but they are now considered to be of inferior importance.

“We have confirmed the significant presence of antimony at Brežani [Bosnia] which continues to be a scarce commodity worldwide due to supply issues and trade restrictions imposed on certain countries,” Terra Balcanica explained when the assay result was received. It is in particularly high demand in the United States right now.

Furthermore, antimony is now worth six times as much as copper, the penny stock operator has highlighted. A tonne of the metalloid is now valued at over US$59,000.

“It’s good to be back to the base camp and our core shed as we slowly gear up for the 2025 drilling up at Brežani,” Terra Balcanica said on social media this week.

“It is time to prove the volume and grade of the exciting antimony intercept by following up on the discovery drill hole with 436 grams per tonne silver equivalent over 20 metres [0.85 per cent Sb throughout, approximately].”

Maiden MRE coming by end of 2026, ideally

Co-founder, President, CEO and Ph.D-educated geologist Alex Mišković discussed the potential of the project and current market dynamics in an interview on Tuesday.

He says the aim is to find more favourable Sb mineralization during the ongoing drill campaign and to have a maiden mineral resource estimate in hand by the end of next year.

Terra Balcanica and other junior companies that can prove the feasibility of antimony mining on their properties may find themselves in an ample financial position down the road.

Armory Mining Corp (CNSX: ARMY) (OTCMKTS: RMRYF) (FRA: 2JS), NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) and Nova Minerals Ltd (ASX: NVA) (OTCMKTS: NVAAF) (FRA: QM3) are others that have enhanced their focus on the metalloid element.