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Brien Lundin Says Buy Avrupa Minerals in October Gold Newsletter
In the October, 2015 edition of the Gold Newsletter Brien Lundin says buy Avrupa Minerals (TSXV:AVU), recently 14 cents.
In the October, 2015 edition of the Gold Newsletter Brien Lundin says buy Avrupa Minerals (TSXV:AVU), recently 14 cents.
As quoted in the press release:
Mr. Lundin said buy Avrupa seven times between May, 2011, and April, 2015, at prices ranging from nine cents to 47 cents. Assuming a $1,000 investment for each of the seven buys, the $7,000 position is now worth $5,729. Mr. Lundin says the company recently released strong assays from a drilling program on its Slivovo gold project in Kosovo. He highlights hole 25, where the company drilled 24 metres of 11.59 grams per tonne gold and 10.32 grams per tonne silver.
The company’s joint venturer, Byrnecut International Ltd., is managing the drilling program. Since the fourth quarter of 2014, Avrupa and Byrnecut have drilled 4,927 metres over 44 holes. Mr. Lundin says there are indications that the Gossan Extension zone could have significant gold mineralization at depth, but more drilling is needed.
The newsletter editor also says that considering the length and high-grade nature of the intersections from the drilling program, Slivovo has an excellent chance of hosting a sizable gold and silver deposit. He concludes that Avrupa is a seasoned prospect generator with an enviable portfolio of projects in Europe, and the stock remains a buy.
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