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An update from Terra Balcanica Resources Corp. ( (TSE:TERA) ) is now available.
Terra Balcanica Resources reported new assay results from its Phase III drilling at the Cumavici Ridge and Brezani targets within the Viogor-Zanik project in Bosnia and Herzegovina, confirming and extending both gold and polymetallic mineralization. At Brezani, drilling returned 0.43 g/t gold over 55 metres from near surface, expanding the known gold mineralization to 170 metres along strike within a much larger soil anomaly, while additional intercepts of silver-equivalent polymetallic mineralization support the continuity of a steep epithermal structure. At Cumavici, new drilling confirmed shallower polymetallic mineralization than previously reported, reinforcing the expansion of mineralized footprints at both key targets by close to 100 metres along strike and bolstering management’s view that Viogor-Zanik ranks among the more promising silver-rich exploration plays in the Balkans, with ongoing drilling fully committed despite winter conditions.
The most recent analyst rating on (TSE:TERA) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Terra Balcanica Resources Corp. stock, see the TSE:TERA Stock Forecast page.
Spark’s Take on TSE:TERA Stock
According to Spark, TipRanks’ AI Analyst, TSE:TERA is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, recurring losses, and ongoing cash burn). Technicals are supportive with a strong uptrend, but overbought signals add near-term risk. Valuation provides limited support due to a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:TERA stock, click here.
More about Terra Balcanica Resources Corp.
Terra Balcanica Resources Corp. is a mineral exploration company focused on polymetallic, silver- and gold-rich projects in the Balkans, with its principal asset being the Viogor-Zanik project in Bosnia and Herzegovina. The company is targeting shallow epithermal and skarn-hosted mineralization, aiming to build a portfolio of high-grade, silver-rich exploration assets in Europe.
Average Trading Volume: 199,540
Technical Sentiment Signal: Sell
Current Market Cap: C$6.41M
Find detailed analytics on TERA stock on TipRanks’ Stock Analysis page.