Avrupa Advances Projects in Portugal, Kosovo and Germany
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) -
Avrupa Minerals Ltd. (TSX-VENTURE:AVU)(FRANKFURT:8AM) -
- Drilling planned for Alvalade and Covas in Portugal
- Alvito license covers 22 separate mineral targets
- JV discussions for Alvito and other licenses in Portugal
underway
- Work at Slivovo, Kosovo, upgrades two target areas
- Exploration for tin and gold started at Erzgebirge,
Germany
Avrupa Minerals Ltd. is pleased to provide an update on the
recent progress of its exploration projects in Europe. The Company
actively operates the Alvalade and Covas Joint Ventures in Portugal
and the Slivovo Joint Venture in Kosovo. In addition, Avrupa
operates an Exploration Alliance in Portugal that covers
country-wide generative exploration and one Exploration Alliance
Property where more advanced exploration work is underway to assist
in bringing that license to JV-ready status.
Portugal - Alvalade JV
The Company, along with JV funding partner Antofagasta Minerals,
will initiate a further round of exploration drilling at the
Alvalade Joint Venture in the Pyrite Belt of southern Portugal. The
drilling will target potential extensions of the Sesmarias massive
sulfide-style mineralization described in recent news releases
(February 27 and May 12, 2014). The JV is budgeting for 2,700 to
3,000 meters of core drilling in the upcoming program, slated to
start during the second week of June.
Portugal - Covas JV
Avrupa and Covas JV funding partner Blackheath Resources are
currently undertaking a geophysical targeting program to help
identify high grade tungsten possibilities in several areas around
the Covas Project in northern Portugal. The work covers target
areas within the Covas Dome and at the Telheira prospect, as well
as in several previously under-explored areas in the northwest
reaches of the Covas Dome and Skarn Ring. The Company expects to
complete this work by the end of June. Avrupa and Blackheath also
expect to begin a core drilling project at Covas in late June to
test for further high grade mineralization at the Castelo, Lapa
Grande, Muito Seco, and Telheira prospect areas. The goal of this
work will be to extend known high grade tungsten mineralization in
these areas and to assist in the initiation of the first NI
43-101-compliant resource calculation on the Covas Project.
Portugal - Alvito Project
The Company, with funding from Callinan Royalties Corp., has
also completed another stage of exploration work on the Alvito
license, located mostly in the Ossa Morena metallogenic zone and
partially in the Pyrite Belt in southern Portugal. The work brings
the project up to JV-ready status, and the Company is actively
engaging a potential partner for this Project. Work over the past
year at Alvito has identified eight separate copper and copper-gold
targets in the Alcaçovas copper belt and another 14 poly-metallic
targets of various types around the license. Less than half of the
Ossa Morena portion of the license has been reviewed, and virtually
none of the Pyrite Belt portion has been visited by Company
explorationists, to date, which leaves a large, open prospective
area. Several of the present targets could be drilled within 3-4
months of signing of a joint venture at Alvito.
Portugal - Projects added and dropped
Also in Portugal, Avrupa has applied for a license in the
Freixeda gold district in the northeast part of the country.
Numerous quartz veins in the area were first mined during Roman
times, and most recently in the mid 1950's by a local mining group.
There has been little work or exploration completed in the district
since that time. The Company hopes to complete acquisition of the
license before the end of the year. Two other license applications
located in the Pyrite Belt, Santa Margarida do Sado and Mertola,
will be signed in the coming weeks. In addition, Avrupa has applied
to the Portuguese Mining Bureau to drop three licenses in northern
Portugal due to lack of results appropriate for joint venture
possibilities.
Kosovo - Slivovo Option
Avrupa started targeting work at Slivovo in mid-April, upon
receipt of the first tranche of funding from Option partner
Byrnecut International. The Slivovo license covers a carbonate
rock-hosted, polymetallic massive sulfide target around the site of
the outcropping Pester gossan (roughly 170 by 70 meters in size)
and a second, possible epithermal, target (open-ended strike length
of 900 meters by at least 75 meters-wide zone of altered rocks),
located approximately 1,000 meters away from the gossan. Geological
and spatial relationships between the two outcropping sites of
mineralization suggest the possibility of a larger mineralized
system, but much more technical work is needed to prepare for drill
targeting. Avrupa hopes to start a drill program at Slivovo late in
Q3.
Results from sampling of three reconnaissance trenches in the
area of the epithermal target, completed in 2013, show base metal
anomalies in all three trenches, including: 162 meters @ 1,139 ppm
lead and 1,417 ppm zinc in Trench 1; 82 meters @ 334 ppm lead and
660 ppm zinc in Trench 2; and 74 meters @ 1,289 ppm lead and 761
ppm zinc in Trench 3. The anomalies in Trench 3 also include a
section of 22 meters @ 1.3 ppm gold and 9.52 ppm silver. These
trenches cover a strike length of 400 meters of the known
target.
The Company is preparing to extend all three trenches and will
also construct several more trenches to cover more strike length of
the target. Avrupa geologists are presently detail mapping and
sampling the Pester gossan zone, and will also undertake further
reconnaissance-style sampling to attempt to better understand the
size and potential of both target areas, as well as attempt to
locate extensions and other mineralized locations.
Further information about the Slivovo project may be found on
the newly updated Kosovo web pages at the Avrupa website:
www.avrupaminerals.com.
Germany - Erzgebirge Project
Avrupa and its partner Beak Associates on the Oelsnitz project
in the Erzgebirge mining district of eastern Germany are presently
doing follow-up geochemical sampling at several tin and gold
anomalies around the license. Results of this work will enable the
Company to decide its next course of action on the project, as to
whether the project is ready for joint venture.
New Projects
Avrupa also continues to review and assess projects in other
areas of Europe that are located in favorable mining jurisdictions.
The Company may then acquire projects that are upgradeable with
early stage exploration work to determine the potential for joint
venture funding by new partners.
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 14 exploration licenses in three
European countries, including eight in Portugal covering 2,951.6
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 and Kosovo, 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 Slivovo JV, with Byrnecut International, covering one
license in central Kosovo, for gold and base metals related to
carbonate-hosted massive sulfide deposits in the Vardar Mineral
Trend; 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.1-604-687-3520www.avrupaminerals.com
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