Base Metals

(TheNewswire)

Avrupa Minerals Ltd.

  • Sampling and re-logging of four historic drill holes completed;

  • Geochemical results confirm the presence of distal, disseminated VMS-style zinc mineralization, though the source is still unknown;

  • Multi-element, pathfinder geochemistry supports the possibility for proximal, massive VMS-style mineralization within a radius of 5km;

  • Combination of geology, SkyTEM geophysics, and new geochemical results suggest several well-defined target areas for first pass drilling when exploration license is issued.

Vancouver, BC – TheNewswire - June 21, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to provide a follow-up progress report covering work related to the Kolima exploration application area in the Pyhäsalmi Mining District, central Finland.  Avrupa previously reported on initial work and exploration permit application at Kolima in an earlier news release dated April 12, 2022 ( Avrupa Minerals Reports First Progress at Kolima Project ).

The Company contracted with the Finland Geological Survey (GTK) to re-log and sample four representative, historic drill holes from the Kolima exploration projects carried out from the mid-1950's to the early-1980's by GTK.  Re-logging of the four drillholes, totaling 743.55 meters and situated along a 2-kilometer strike length, indicates that predominantly disseminated zinc mineralization is present, for the most part, through long intervals of mixed volcanic and sedimentary rocks that form the core of the district-scale Kärnä Anticline.  Holes that were started further to the west in the west limb of the anticline tended to have thicker zones of zinc mineralization, while the southeasternmost hole, collared at the edge of the east limb of the anticline, contained the least amount of target volcano-sedimentary rocks, and thus little zinc mineralization.

Paul W. Kuhn, President and CEO of Avrupa, commented, "Getting a handle on the geology of the Kolima target area, combining that with already-known geophysical targets, and now adding supportive zinc and multi-element geochemistry gives us a clear view as to where to drill when we receive the exploration license.  This is a well-thought-out targeting process which utilizes strong corporate knowledge of volcanogenic massive sulfide systems.  We are looking forward to completing the application process and getting down to the business of drilling."

In addition to intervals of disseminated sulfides, detailed logging also revealed the presence of several thin beds of semi-massive to massive sphalerite, zinc sulfide, up to one meter thick, in two of the holes, again suggesting that the representative drilling cut distal deposition portions of a VMS system. Typical VMS pathfinder elements, including iron, manganese, antimony, arsenic, molybdenum, and locally tin, show anomalous results.  VMS metals themselves, copper, lead, and silver, are also present locally anomalous levels in the sampled core.  Following are the zinc results of interest in the holes, from north to south:

HOLE R339 – Drilled from west limb of Kärnä Anticline; total depth of 84.5 meters; 62 samples

From (m)

To (m)

Interval (m)

Zinc (%)

Notes

29.66

29.84

0.18

2.4

Two thin beds of semi-massive sulfide mineralization within a 20-meter interval of mafic tuffs that contain continuously anomalous Zn up to 0.38%@ over one meter

44.13

44.27

0.14

4

63

63.15

0.15

7.8

Two thin beds of semi-massive sulfide mineralization within an interval of mineralized mafic tuffs containing 5.95 meters @ 1.3% Zn

65

66

1

4.4

HOLE R46 – Drilled from west limb of Kärnä Anticline; total depth of 297.6 meters; 109 samples

From

To

Interval

Zinc

Notes

175

179

4

0.3

Strongly anomalous zones of disseminated to weakly bedded sulfide mineralization in mixed tuffs, sediments, and mafic porphyry rocks within a total intercept of disseminated zinc mineralization beginning at a depth of 175 meters and continuing to 281.9 meters.  Values range from 100's of ppm zinc to more than 1% over 1 to 4 meters thickness.

205

243.3

38.3

0.2

254

268.7

14.7

0.6

254

258

4

1.4

272

281.9

9.9

0.2

HOLE R26 – Drilled from crest of Kärnä Anticline; total depth of 151.45 meters; 70 samples

From

To

Interval

Zinc

Notes

21

29

8

0.3

Visible disseminated sulfides throughout both zones of mixed tuffs and sediments at the bottom of the interval

39.4

69

29.6

0.2

Hole R25 – Drilled from east limb of Kärnä Anticline; total depth of 210 meters; 20 samples

From

To

Interval

Zinc

Notes

no significant zinc values

Table 1. Results of sampling of disseminated zinc mineralization at Kolima along the Kärnä Anticline.  It is encouraging to observe the widespread, disseminated to thin-layered zinc mineralization in mixed volcanics and sedimentary rocks suggesting a distal VMS facies depositional environment.  Indicator element anomalism, including iron, manganese, antimony, arsenic, molybdenum, and locally tin, also suggest distal facies VMS mineralization.  Locally anomalous values of silver (up to 41.2 g/t over one meter), copper (up to 895 ppm over one meter), and lead (up to 0.39% over four meters) further support the possibility of nearby VMS mineralization.


Click Image To View Full Size

Figure 1. Outline of Kolima exploration license application (in blue) overlain on VTEM results displaying two important close-to-surface conductors.

Figure 2. Historic geophysical map with geology, drillhole locations, main SkyTEM conductors, location of the Kärnä Anticline (in blue), and overall permissive target area (yellow bands).  Base map from GTK work from late-1950's through mid-1980's.

Results of the work to date are positive, and detailed review of all information vectors to the possible presence of a base metal-rich massive sulfide system at Kolima.

  • Best potential lies along the west limb of the Kärnä anticline, particularly to the south of historic drilling in the area of SkyTEM Anomaly #1 (located within red oval in Figure 2).

  • Further potential lies in the northern sector around and southeast of SkyTEM Anomaly #3 from drill collars to be located to the west of historic drilling and aimed beneath the old holes (located within yellow oval in Figure 2).

  • Combination of all results suggests the possibility of a strong VMS system within a general target zone of five kilometers along the Kärnä Anticline.

  • At this point, regional geophysics may indicate further potential of favorable stratigraphy located to the northeast of SkyTEM Anomaly #1 between the east limb of the Kärnä Anticline and village of Kolima.  There is no known historic drilling in this area (represented by yellow banded area).

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.  The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement.  The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently-announced acquisition of Akkerman Finland Oy.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.  The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

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.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AVU:CA
TSXV:AVU

Avrupa Minerals


Keep reading...Show less
Avrupa Minerals Receives New Slivova Exploration License in Kosovo

Avrupa Minerals Receives New Slivova Exploration License in Kosovo

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
The Power Play by The Market Herald Releases Interviews With Avrupa Minerals, Silver Bullet Mines, Saturn Oil & Gas, and Sprout AI

The Power Play by The Market Herald Releases Interviews With Avrupa Minerals, Silver Bullet Mines, Saturn Oil & Gas, and Sprout AI

The Power Play by The Market Herald has announced the release of new interviews with Avrupa Minerals, Silver Bullet Mines, Saturn Oil & Gas, and Sprout AI on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Avrupa Minerals Reports First Progress at Kolima Project, Pyhasalmi VMS District, Finland

Avrupa Minerals Reports First Progress at Kolima Project, Pyhasalmi VMS District, Finland

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
The Power Play by The Market Herald Releases Interviews With Avrupa, RevoluGROUP, and Vox

The Power Play by The Market Herald Releases Interviews With Avrupa, RevoluGROUP, and Vox

The Power Play by The Market Herald has announced the release of new interviews with Avrupa, RevoluGROUP, and Vox on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Emerita Engages Integral Wealth as its Market-Maker

Emerita Engages Integral Wealth as its Market-Maker

Emerita Resources Corp. (TSX V: EMO; OTC: EMOTF) (the "Company" or "Emerita") has retained Integral Wealth Securities Limited ("Integral") to provide market-making services in accordance with TSX Venture Exchange policies. Integral will trade shares of the Company on the TSX Venture to maintain an orderly market, improve the liquidity of the Company's shares and provide the Company with market intelligence.

Under the terms of the agreement, Integral will receive a $6,000/month cash fee for a minimum period of three (3) months. After the three (3) months, the agreement may be terminated by the Company at any time upon 30 days' written notice. The Company and Integral are unrelated entities. Integral has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and Integral will not receive shares or options as compensation. Integral is a member of the Investment Industry Regulatory Organization of Canada ("IIROC"). Accordingly, Integral can access all Canadian Stock Exchanges and Alternative Trading Systems.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Benton and Sokoman Report Final Results from Recon Drilling at the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland

Benton and Sokoman Report Final Results from Recon Drilling at the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland

Li mineralization (spodumene) drilled to a vertical depth of 70 m at the Discovery Dyke; spodumene-bearing dykes, up to 22-m wide, located 600 m to the East of the Discovery Dyke

Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") are pleased to report the final assay results from the 1,025-m reconnaissance drilling program carried out this past winter and report on recent trenching from the Kraken Pegmatite Field on the Golden Hope Joint Venture Property in southwest Newfoundland.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pacific Empire Announces Commencement of Diamond Drilling at Jean Marie

Pacific Empire Announces Commencement of Diamond Drilling at Jean Marie

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to announce that diamond drilling has now commenced at its flagship Jean Marie copper project, located in north-central British Columbia.

During 2021, PEMC completed a comprehensive exploration program at Jean Marie that was designed to incorporate all existing historical data on the property with data collected during the 2020 and 2021 exploration programs. As a result, PEMC has delineated 2 high priority drill targets for diamond drilling during the 2022 exploration season.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Opawica Completes Arrowhead Drilling Program

Opawica Completes Arrowhead Drilling Program

(TheNewswire)

Opawica Explorations Inc.

Vancouver, B.C. TheNewswire - June 29 th 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to announce it has completed its maiden drill program on the Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
VVC Confirms Helium Shows Of Up To 1.14% From Its Second Well In Syracuse Project

VVC Confirms Helium Shows Of Up To 1.14% From Its Second Well In Syracuse Project

VVC Exploration Corporation ("VVC" or the "Company") received the gas analysis from the Durler 2-21 well ("the Durler") (see news release of May 25, 2022 ) located in the Company's Syracuse Helium Project. Multiple gas samples from the well were sent to the lab for analysis, which confirmed the presence of 1.14% helium in a gas-stream that can be easily refined into high-grade sales quality helium. The Durler was already connected to VVC's helium & natural gas gathering system pipeline and to the Tumbleweed Pipeline and Processing Plant.

"As Chairman of the Board, I have seen the immense progress of the VVC team over the past year and am excited about continuing to develop the Company's helium assets," said Dr. Terrence Martell, Chairman of the VVC Board. "This gas analysis shows a helium percentage in the upper range for the area, reinforcing our confidence in the project."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
World Copper Arranges $2.5 Million Financing

World Copper Arranges $2.5 Million Financing

World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces a non-brokered private placement (the "Placement") of up to 8,333,333 units (the "Units") at a price of $0.30 per Unit (the "Offering") for gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.60 per share. Expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $1.00 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

Insiders may participate and finders' fees may be payable to qualified arm's length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×