Avrupa Minerals Ltd. (TSXV:AVU,FWB,8AM) reported drill results from the Sesmarias area of the Alvalade Joint Venture project in Portugal. Avrupa is operator, with the project being funded by a 100 percent owned subsidiary of Antofagasta plc (LSE:ANTO).
As quoted in the press release:
Avrupa and Antofagasta have now drilled a further five holes in the Sesmarias area, to follow-up on the initial program completed earlier this year (see AVU news releases of February 27 and May 12, 2014). The highlight of this follow-up program is a thick massive sulfide intercept in drill hole SES010, which started at a depth of 228.40 meters, and continued for 57.85 meters to 286.25 meters depth. Average grades for the entire massive sulfide intercept are: 0.32% copper, 0.61% lead, 1.95% zinc, 0.45 g/t gold, and 25.1 g/t silver. True thickness of the intercept is estimated to be approximately 35 to 40 meters. The Joint Venture has now completed 13 holes, over a total strike length of 1,700 meters, at Sesmarias, for a total of 3,807 meters in the general target area. The Sesmarias target zone is heavily faulted, and the rocks are strongly contorted and displaced, which makes exploration extremely difficult. Despite these difficulties, the results from the drill programs continue to clearly indicate the potential for a large-scale mineralized system, and further drilling will be planned.
Avrupa Minerals president and CEO, Paul W. Kuhn, said:
Continuing work in the Sesmarias area shows favorable potential for future success in this apparent massive sulfide system. The work, to date, has identified a specific and continuous target horizon for massive sulfide mineralization in this part of the Alvalade license. We have primarily focused on extending strike length of the Sesmarias target, and have yet to seriously test the down-dip potential. The Joint Venture team is working to unravel the structural complications that have made the Sesmarias work challenging. Faulting appears to have displaced parts of the sulfide bodies, and with all the new information, we are refining our targeting model in order to better drill Sesmarias in the future. Our work has also shown a number of new targets nearby, in the Sesmarias area, which we hope to follow-up after more detailed review of the existing drill core.