Base Metals

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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Avrupa Minerals Provides Alvalade JV Update, Portugal

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(TheNewswire)

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(TheNewswire)

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(TheNewswire)

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(TheNewswire)

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(TheNewswire)

Heritage Mining Ltd.

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WESTERN COPPER AND GOLD FILES FORM 40-F AND ANNUAL FILINGS

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) has filed its Annual Report on Form 40-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC").

Western Copper And Gold logo (CNW Group/Western Copper and Gold Corporation)

The Company filed Form 40-F for the year ended December 31, 2022 with the SEC on March 23, 2023 . The Form 40-F includes Western's Annual Information Form ("AIF"), audited consolidated financial statements and management's discussion and analysis ("MD&A"). The Form 40-F is available for viewing and retrieval through EDGAR at www.sec.gov/edgar.shtml .

The Company has also filed its AIF, audited consolidated financial statements, and MD&A for the year ended December 31, 2022 with the appropriate Canadian regulatory bodies. These filings are available for viewing on SEDAR at www.sedar.com .

The filings described above are also available on the Company's website: westerncopperandgold.com/investors/forms . Western will also provide a copy of the filings to any shareholder, without charge, upon request. Requests may be made by email, telephone, or regular mail.

ABOUT Western Copper and Gold Corporation

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE Western Copper and Gold Corporation

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FPX Nickel Corp. Logo (CNW Group/FPX Nickel Corp.)

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About the Decar Nickel District

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About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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