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Xcite Resources Commences Airborne Geophysical Surveys at Uranium City Area Projects, Saskatchewan
Newsfile· 2025-11-05 12:00
Xcite Resources Commences Airborne Geophysical Surveys at Uranium City Area Projects, SaskatchewanNovember 05, 2025 7:00 AM EST | Source: Xcite Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - Xcite Resources Inc. (CSE: XRI) ("XRI", "Xcite" or the "Company"), with its partner Eagle Plains Resources Ltd. (TSX-V:EPL) (OTCQB: EGPLF) ("EPL" or "Eagle Plains") are pleased to announce the beginning of the airborne geophysical survey on the six Uranium City Projects. T ...
Terra Balcanica Welcomes Acquisition of Neighboring Producer in Bosnia and Herzegovina
Globenewswire· 2025-06-13 17:52
Company Overview - Terra Balcanica Resources Corp. is focused on the Western Tethyan Metallogenic Belt, targeting critical metals such as Sb, Zn, Ag, and Au to meet the demands of the European economy [2][3] - The company holds a 90% interest in the Viogor-Zanik Project located in eastern Bosnia and Herzegovina, which is currently advancing through its drilling campaigns [16] Recent Developments - The acquisition of Adriatic Metals by Dundee Precious Metals for C$1.3 billion underscores the geological potential of Bosnia and Herzegovina, where Terra is also operating [1] - Terra plans to initiate its Phase III drilling campaign at the Viogor-Zanik project within the next two weeks, aiming to confirm the size potential of the Brezani Sb-Ag mineralization [1][2] Geological Context - Bosnia and Herzegovina is part of an ancient European mining belt with significant advantages for exploring metals essential for energy transition markets [3] - The Western Tethyan Belt is recognized for its rich deposits of precious and base metals, comparable to major mining regions like the Andes [6] Regulatory and Economic Environment - Bosnia and Herzegovina is a stable democracy with EU candidate status, working to align its legal frameworks with European standards, which benefits the mining sector [4] - The country has a supportive population towards mining, a skilled workforce, and favorable mining codes, including a corporate tax rate of 10% [5] Project Specifics - The Viogor-Zanik project encompasses 168 km and features high-grade polymetallic targets, with the potential for open-pit or shallow underground mining operations [9] - Recent drilling at the Chumavichi target confirmed high-grade Ag-Sb-Pb-Zn-Au mineralizations across a 2 km strike [10] - At the Brezani target, a 20-meter wide antimony-silver mineralization grading 436 g/t Ag Eq was intercepted, indicating significant resource potential [11][14]