Minerals galore!!!BALAMARA SET FOR RESOURCE UPGRADE AT MONTY...

Minerals galore!!!




BALAMARA SET FOR RESOURCE UPGRADE AT MONTY
AFTER INTERSECTING FURTHER HIGH-GRADE SILVER

Fresh results of up to 731.2g/t Ag extend recently discovered high-grade zone
Key Points:

• Further excellent drilling results extend recently discovered high-grade silver-zinclead zone at the Brskovo deposit (Monty Project). Best results include:
o 9m @ 340.4g/t Ag, 2.43% Zn, 1.74% Pb, 0.25% Cu, including:
? 4m @ 731.2g/t Ag, 4.58% Zn, 3.19% Pb, 0.47% Cu

• Updated JORC Mineral Resource for the Monty Project expected shortly.

• Expanding silver zone expected to significantly enhance the Monty Project.
Balamara Resources Limited (ASX: BMB) is pleased to advise that it has commenced work on
an updated JORC Mineral Resource for its Montenegro Base Metals Project (Monty) in
Central Europe, after receiving further outstanding results from drilling targeting extensions
to the recently discovered high-grade silver-zinc-lead zone at the Brskovo deposit.
The new results from holes DH4-12 and DH10-12 completed in July have, together with
previous results from DH1-11 and DH2-11, outlined an extensive mineralized system with
three separate mineralized horizons. In particular, they have highlighted the continuation of
this high-grade zone beneath the historic open pit at Brskovo.
The most significant intersections are summarised below:
Hole DH4-12:

• 9m @ 340.4g/t Ag, 2.43% Zn, 1.74% Pb, and 0.25% Cu from 161m, including:
o 4m @ 731.2g/t Ag, 4.58% Zn, 3.19% Pb, and 0.47% Cu from 163m
• 11m @ 10.g/t Ag, 3.83% Zn, 2.86% Pb, and 0.06% Cu from 115m, including:
o 7m @ 15.7g/t Ag, 5.47% Zn, 4.05% Pb, and 0.09% Cu from 115m
• 18m @ 12.5g/t Ag, 3.75% Zn, 2.71% Pb, and 0.19% Cu from 134m, including:
o 8m @ 17.6g/t Ag, 6.23% Zn, 4.25% Pb, and 0.29% Cu from 137m