Avrupa Reports Covas Phase 2 Results
2014年2月18日 - 11:00PM
Marketwired
Avrupa Reports Covas Phase 2 Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) -
- 3.05 meters @ 1.26% WO3, incl. 1.05 meters @ 2.07% at Muito
Seco
- 3.25 meters @ 0.19% WO3, incl. 1.25 meters @ 0.38% at
Telheira
- Extended Castelo to the SE and SW into previously-unexplored
area
Avrupa Minerals Ltd. (TSX-VENTURE:AVU)(FRANKFURT:8AM) is pleased
to report on results from the Phase 2 drilling program at the Covas
Tungsten Joint Venture Project in northern Portugal. The project is
operated by Avrupa, and fully funded by Blackheath Resources Inc.
("Blackheath"), under a previously-announced earn-in agreement (see
AVU news release, dated May 18, 2011). Blackheath has already
earned a 51% interest in the project, and is presently close to the
70% level, which requires an additional expenditure of EUR 700,000
(for a total of EUR 1 million) by March 20, 2014 to advance the
project. Blackheath can earn a further 15%, for an aggregate total
of 85%, by funding the completion of a NI 43-101 - compliant
pre-feasibility study by March 20, 2016.
The Phase 2 drilling program greatly expanded the skarn-related
zones of tungsten mineralization in each of the four areas tested
and discovered a new mineralized zone, as well. The program
included fourteen diamond drill holes, totaling 1,183 meters,
drilled in the five different target zones: Muito Seco, Lapa
Grande, Telheira, Castelo, and a new zone lying between the
historic Cerdeirinha Pit area and the Muito Seco zone. Step-out
drilling ranged from 50 to 550 meters, averaging over 200 meters in
distance from previously known zones of mineralization. Results
from both the first and second phases of drilling at Covas clearly
indicate that there is further potential for expansion at all five
target areas, as well as for discovery of new mineralization near
and around the known mineral zones. In addition, new geological and
structural interpretation of the data from the combined recent and
historical drilling indicates the presence of potential vectors
towards further high grade tungsten zones. There are still a number
of outstanding, under-explored target areas around the Skarn Ring,
as well as in the Covas Dome, itself.
Highlights of the Phase 2 program include 3.05 meters of 1.26%
WO3, including 1.05 meters of 2.07% WO3, starting at a depth of
12.75 meters at Muito Seco and 3.25 meters of ).19% WO3, including
1.25 meters of 0.38% WO3, starting at a depth of 82.55 meters at
Telheira. Drilling at Castelo extended tungsten-mineralized skarn
in both the southwest and southeast directions in previously
unexplored areas around the previously-known mineral zone. All
holes were drilled vertically, and intercepts are considered to
represent close to true thickness of the mostly flat-lying
mineralized zones. Following is a summary of results from the Phase
2 drill program.
HOLE ID |
EASTING |
NORTHING |
LENGTH |
INTERCEPT DEPTH |
INTERCEPT % WO3 |
SUMMARY EXTENSIONS DISTANCES |
CO 22/13 |
525160 |
4635105 |
40.60 |
28.70 |
1.00 m @ 0.04% WO3 |
Extended Lapa Grande target over 80 meters to the
SE |
CO 23/13 |
525515 |
4634892 |
149.50 |
128.40 |
2.20 m @ 0.21% WO3 |
CO 24/13 |
525030 |
4634800 |
40.00 |
12.75 |
3.05 m @ 1.26% WO3 |
Extended Muito Seco target area over 200 meters to the
SE |
CO 25/13 |
525180 |
4634670 |
58.60 |
N/A |
Thick skarn, no significant tungsten values |
CO 26/13 |
524808 |
4634970 |
89.40 |
N/A |
No skarn - collared in lower schist |
Expanded known tungsten mineralization 550 meters in
new discovery target area at Muito Seco/Cerdeirinha. |
CO 27/13 |
524640 |
4634720 |
70.10 |
22.40 |
2.00 m @ 0.17% WO3 |
CO 28/13 |
524780 |
4634665 |
41.30 |
35.50 |
0.75 m @ 0.15% WO3 |
CO 29/13 |
524947 |
4634658 |
54.30 |
13.80 |
1.80 m @ 0.20% WO3 |
CO 30/13 |
524201 |
4634026 |
118.10 |
88.20 & 101.20 |
1.00 m @ 0.21 and 1.00 m @ 0.19% WO3 |
Extended Castelo target area over 100 meters SW |
CO 31/13 |
522720 |
4635435 |
105.10 |
82.55 |
3.25 m @ 0.19% WO3 |
Extended Telheira target area over 180 meters NW and
130 meters to the S/SW |
CO 32/13A |
522773 |
4635244 |
141.30 |
125.50 |
1.00 m @ 0.12% WO3 |
CO 33/13 |
522847 |
4635164 |
54.30 |
N/A |
no significant tungsten values |
CO 34/13 |
522725 |
4635514 |
53.60 |
N/A |
no significant tungsten values |
CO 35/13 |
524525 |
4633885 |
166.70 |
142.30 |
9.20 m @ 0.143% WO3 |
Extended Castelo target area over 75 meters SE |
Paul W. Kuhn, President and CEO of Avrupa Minerals, said, "We
are pleased and encouraged with the overall results from the Phase
2 drilling at Covas. We were able to expand and upgrade a number of
important target areas. Our follow-up geological and structural
analyses of the new work, combined with all of the historic data,
allows us to better target potential high grade tungsten zones, as
well as target further expansions of known mineralization. We look
forward to using this information to plan for Phase 3 drilling,
which will bring the JV closer to the goal of completing a NI
43-101 resource estimate for the Project."
Covas is a past-producing tungsten mine, and remaining historic
resources on the property have been estimated at 922,900 metric
tonnes of 0.78% WO3 by Union Carbide in 1980, based on work
including 327 drill holes on the property. Mineralization is open
to expansion. The price of tungsten has increased significantly in
recent years and is currently approximately $38 per kilogram of
contained tungsten trioxide. (These resources are historic in
nature, prepared by Union Carbide Corp. in 1980, but are considered
relevant. However, a qualified person has not done sufficient work
to classify the historical estimates as current mineral resources,
and the Joint Venture is not considering the historical estimates
as current mineral resources.)
Blackheath Resources Inc. is listed on the TSX Venture Exchange,
and is focused on tungsten exploration and development in Portugal.
Management of Blackheath has previous experience in tungsten mining
operations in Portugal through Primary Metals Inc., the operator of
the Panasqueira Tungsten Mine from 2003 to 2007.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and
development company focused on discovery, using a prospect
generator model, of valuable mineral deposits in politically stable
and prospective regions of Europe, including Portugal, Kosovo, and
Germany.
The Company currently holds 15 exploration licenses in three
European countries, including nine in Portugal covering 2,980 km2,
five in Kosovo covering 153 km2, and one in Germany covering 307
km2. Avrupa operates three joint ventures and one exploration
alliance in Portugal, including:
- The Alvalade JV, with Antofagasta, covering one license in the
Iberian Pyrite Belt of southern Portugal, for Cu-rich massive
sulfide deposits;
- The Covas JV, with Blackheath Resources, covering one license
in northern Portugal, for intrusion-related W deposits;
- The Arga JV, also with Blackheath Resources, covering one
license located adjacent to the Covas JV, for intrusion-related
Au-W deposits; and
- The CalGen Exploration Alliance, with Callinan Royalties Corp.,
covering generative exploration throughout Portugal, and including
specific prospect upgrade work on the Alvito IOCG license in
southern Portugal.
Avrupa is currently upgrading precious and base metal targets to
JV-ready status in a variety of districts on their other licenses,
with the idea of attracting potential partners to project-specific
and/or regional exploration programs.
On behalf of the Board,
Paul W. Kuhn, President & Director
This news release was prepared by Company management, who
take full responsibility for its content. Paul W. Kuhn, President
and CEO of Avrupa Minerals, a Licensed Professional Geologist and a
Registered Member of the Society of Mining Engineers, is a
Qualified Person as defined by National Instrument 43-101 of the
Canadian Securities Administrators. He has reviewed the technical
disclosure in this release.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Avrupa Minerals Ltd.1-604-687-3520(888)
889-4874www.avrupaminerals.com
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