Avrupa Minerals to Continue Positive Progress in Finland, Portugal, and Kosovo in 2023

Avrupa Minerals to Continue Positive Progress in Finland, Portugal, and Kosovo in 2023

(TheNewswire)

Avrupa Minerals Ltd.

Avrupa Minerals Ltd. (TSXV:AVU ) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to provide a corporate update and progress report covering the Company's programs in Portugal, Finland, and Kosovo.  The Company continues to make strong, positive progress in all three jurisdictions

Paul W. Kuhn, President and CEO of Avrupa, commented, "We completed a busy and successful 2022 in all of our jurisdictions, building a strong base to support continuing success in the new year.  In the coming months, we expect to initiate drilling in Finland, continue drilling around the Alvalade Project in Portugal, and begin preparations to move the Slivova gold deposit towards a potential mining solution.  The Company will continue to search for new opportunities around Europe, particularly for gold and for so-called Green Metals, copper and zinc."

Drilling at the Alvalade Joint Venture with partner Sandfire MATSA continues after a 6-month hiatus during 2022.  For now, drilling is dedicated to high-priority exploration targets around the Alvalade license.

The upcoming addition of a second drill rig will speed up the pace of drilling, and we expect to target potential extensions to the Sesmarias massive sulfide deposit, as well as promising satellite targets there.  In total, we plan to drill another 8-9 holes around the license during the first half of 2023, totaling roughly 4,000 meters.

We have completed three exploration holes, totaling 1,946 meters, since the beginning of this phase of drilling, aiming at VTEM geophysical targets along the trend of mineral-hosting, Volcano-Sedimentary ("VS") rocks in the Pyrite Belt between the historic Lousal and Caveira Mines.  The recent drilling includes two holes in the Lousal NW sector and one in the Azinheira sector (see Figure 1, below).  All three drill holes intercepted the targeted VS horizon, with narrow zones of thin-bedded to semi-massive sulfide mineralization present.  Sampling results are forthcoming, and are expected to indicate possible proximity to massive sulfide mineralization in the strongly folded and faulted black shale host rocks.

We are presently drilling a fourth hole, located in the Casas Novas sector.  Two rounds of follow-up surface geophysics in the Lousal NW and Monte da Bela Vista target areas are now complete.  We plan next to drill a third hole in the Lousal NW area to test the more detailed electromagnetic anomalism, spatially related surface geochemical anomalies, and favorable geology.


Click Image To View Full Size

Figure 1. Alvalade Joint Venture license, primary target areas.

In Kosovo, our new partner Western Tethyan Resources ("WTR") continues their extensive, detailed due diligence work at/around the Slivova gold deposit.  The work includes review of all technical facets of the deposit and project, including re-evaluation of the NI 43-101 resource, license-wide exploration potential, mining and processing possibilities, minesite infrastructure and layout, and social and environmental ramifications.  We expect a near-future decision on how to proceed, as stated in the "Heads of Agreement" reported by the partners on September 7, 2022.

In Finland, we have three exploration license applications in process, and a fourth application just submitted. The first two applications, Kolima and Kangasjärvi, covering copper- and zinc-bearing massive sulfide mineralization and targets in the Pyhäsalmi base metal district, are in advanced application status, with public, town hall-style meetings and stakeholder comment periods completed.  The decision process is now fully in the hands of the Finnish mining bureau, and we look forward to a decision in the latter part of Q1 2023.  We have developed first-pass drill targets within both application areas.

After a successful 2022 work program in Portugal and Finland, and the enlistment of a mining partner for the Slivova gold deposit in Kosovo, we look forward to a successful coming year, and especially to value accretion within Avrupa's three main jurisdictions.  Some of the important successes in 2022 were:

  • Establishment of a new copper-zinc exploration program in the Pyhäsalmi Mining District, central Finland, with initial phase of acquisition of Finnish exploration company Akkerman Finland Oy ("AFOy");

  • Initiation of a new joint venture in Kosovo with exploration-oriented Western Tethyan Resources and associated company, miner Ariana Resources, to bring the Slivova gold deposit to a mining solution; and

  • Continuation of advanced exploration in Portugal through the Alvalade Joint Venture with Sandfire MATSA, particularly within the Sesmarias massive sulfide deposit.

Key points to expect in the first half of 2023:

  • Issuance of the Kolima and Kangasjärvi exploration licenses in Finland;

  • Progress in the licensing process for two other applications in Finland;

  • First-pass drilling in Finland on at least one license;

  • Continuation of the purchase of the remaining portion of AFOy;

  • Continuation of the Slivova Joint Venture in Kosovo with updated resource estimate (JORC-compliant);

  • Follow-on plans for a new, improved pre-feasibility study at Slivova, social and environmental baseline work, land acquisition as needed, drilling (both infill and outboard);

  • For Alvalade, airborne gravity results leading to further targeting comfort for the final eight holes of the present phase of drilling;

  • Continued Sesmarias and property-wide exploration drilling;

  • Decision point for how to proceed at the end of the first three years of the Alvalade license.

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 its in-process 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) 2023 TheNewswire - All rights reserved.

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TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

TRIDENT ROYALTIES PLC

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix% of voting rights

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

GB00BF7J2535Below 5%Below 5%
SUBTOTAL 8. A

Below 5%

Below 5%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
datex
Exercise/
Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpiration
datex
Exercise/
Conversion Periodxi

Physical or cash

Settlementxii

Number of voting rights% of voting rights
SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Investment Management (UK) Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

BlackRock Regulatory Threshold Reporting Team

Jana Blumenstein

020 7743 3650

Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion17 June 2024

Notes

iPlease note this form should be read jointly with the applicable Disclosure Guidance and Transparency Rules Chapter 5 (DTR5) available on the following link:https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter

iiFull name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer.

iiiOther reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

ivThis should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the agreement referred to in DTR5.2.1 (a) or (d) the holder of financial instruments referred to in DTR5.3.1.

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

vApplicable in the cases provided for in DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to DTR5.2 unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies).

viThe date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

viiThe total number of voting rights held in the issuer shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

viiiIf the holding has fallen below the lowest applicable threshold, please note that it might not be necessary to disclose the extent of the holding, only that the new holding is below that threshold.

ixIn case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

xDate of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

xiIf the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

xiiIn case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (DTR 5.3.3.A).

xiiiIf the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

xivThe full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only in this way will the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain by numbering each chain accordingly. Please see the below example:

Name of ultimate controlling person A (chain 1)

Name of controlled undertaking B

Name of controlled undertaking C

Name of ultimate controlling person A (chain 2)

Name of controlled undertaking B

Name of controlled undertaking D

Name of ultimate controlling person A (chain3)

Name of controlled undertaking E

Name of controlled undertaking F

xvThe names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

xviExample: Correction of a previous notification.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Trident Royalties PLC



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