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Terra Balcanica Resources Spin Off Identifies Radiometric Anomalies Over Charlot-Neely Lake

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Terra Balcanica Resources' (TERA.CN) spin off, Terra North Resources, received the preliminary data from an airborne survey being conducted over its flagship Charlot-Neely Lake claims, located 20-kilometers north of Uranium City, Saskatchewan, it said in a statement on Friday.

The company said preliminary, unfiltered, radiometric data from the 1,000-m spaced, N-S tie lines yielded seven "very strong and one exceptionally strong anomaly." The data also broadly differentiates two magnetic domains with the more magnetic Zemlak gneissic granitoids to the northwest, and the Beaverlodge quartzite/quartz-feldspathic gneisses to the southeast with the Black Bay Fault as a litho-structural contact.

The company's shares last traded Sept. 3, closing at CA$0.04 on the Canadian Securities Exchange.

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