Avrupa Minerals CEO Paul Kuhn said, “For investors, now's a great time. We're in the process of building new targets in three countries. We're going to get back to drilling in Q3 of 2022.”
Avrupa Minerals CEO Paul Kuhn: Drills Turning Soon in 3 Countriesyoutu.be
Avrupa Minerals (TSXV:AVU) is in between drilling programs for its projects in Finland and Portugal. CEO Paul Kuhn said the company is going to start drilling as soon as it secures licenses.
“We're producing new drill targets in Finland and in Portugal, and I'm hoping that we can get going on a resource upgrade in Kosovo as soon as we got a partner there,” Kuhn said.
Avrupa Minerals' recent sampling and geochemical results confirm the presence of distal, disseminated volcanogenic massive sulfide (VMS)-style zinc mineralization at the Kolima VMS target in Finland. These suggest well-defined target areas for first-pass drilling when an exploration license is issued.
“Our project in Portugal is called the Alvalade copper-zinc VMS joint venture," Kuhn said. "We have about 500 meters of strike length drilled so far, and there's another 1,500 to go. We have seven or eight other targets; two of them are formerly operating mines. We will get back to our drilling, hopefully, in a couple of months. It's a great joint venture; it's a project that is moving ahead.”
Avrupa reported that recent drilling at Sesmarias North at the Alvalade project in Portugal showed semi-massive to massive sulfide mineralization, including 22.9 meters, from 378.5 meters at 0.48 percent copper, 0.72 grams per metric ton (g/t) gold, 37.7 g/t silver, 1.1 percent lead and 2.17 percent zinc.
“We're also in Kosovo," he said. "We have a partner there, and we made a deal with them to regain the mining license. After a year and a half, the license was reissued and we've got a new exploration permit for seven years.”
The company received its new exploration license in Kosovo covering the Slivova gold prospect and potential extensions covered in a larger license area. According to Khun, the gold resources on the prospect are 640,000 metric tons of 4.8 grams gold at the surface, or about 100,000 ounces of gold and 300,000 ounces of silver.
“For investors, now's a great time. We're in the process of building new targets in three countries. We're going to get back to drilling in Q3 of 2022 and in Q1 of 2023 in Finland. We're doing great work on the geology and we've got targets. We're going to be drilling as soon as we can.”
Watch the full interview of Avrupa Minerals CEO Paul Khun above.
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