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Rights Issue and Shortfall
Avrupa Minerals Reports Further Drill Results at Slivovo
Avrupa Minerals (TSXV:AVU) announce further results from drilling from the Peshter Gossan target zone at the Slivovo project located in Kosovo.
Avrupa Minerals (TSXV:AVU) announce further results from drilling from the Peshter Gossan target zone at the Slivovo project located in Kosovo.
As quoted in the press release:
The Company has completed the Phase 3 drilling program, drilling 46 holes totaling 5,040 meters since the beginning of drilling program in Q4 2014. Results for the final ten holes are pending, but expected by the end of October. Compilation of all drilling results is ongoing, and is also expected to be completed within the next few weeks. Full gold and silver intercept information has been placed on the Avrupa website, and Company geologists are constructing a set of geological cross sections that will also be placed on the website when completed.
– 120 meters @ 5.37 g/t gold and 23.15 g/t silver in SLV028
– 27 meters @ 6.39 g/t gold and 34.97 g/t silver in SLV029
– 37 meters @ 3.98 g/t gold and 6.25 g/t silver in SLV031
– 63.65 meters @ 2.34 g/t gold and 9.28 g/t silver in SLV032
– 42 meters @ 9.20 g/t gold and 9.57 g/t silver in SLV033
– 35 meters @ 4.10 g/t gold and 15.79 g/t silver in SLV034
– 55.85 meters @ 2.79 g/t gold and 19.5 g/t silver in SLV035
– 42 meters @ 3.18 g/t gold and 9.04 g/t silver in SLV036Figure 1. Location and trace of drill holes SLV028 through SLV036 (in red)
Figure 2. Drill traces of gold mineralization at Peshter Gossan and Extensionzones, through SLV036.
Avrupa Minerals President and CEO, Paul W. Kuhn, stated:
The drilling results at Slivovo continue to demonstrate the continuity of gold and silver mineralization in the Peshter block. Further understanding of the geological and structural controls of the deposit has allowed The Company to consider several new blind gold targets close-in to the known mineralization, in addition to several already-discovered surface possibilities located around the license. We look forward to testing the potential of the overall Slivovo target area.
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