Avrupa Minerals Update on Drilling in Portugal, Kosovo and Finland

Avrupa Minerals Update on Drilling in Portugal, Kosovo and Finland

 

(TheNewswire)

 
     
  Avrupa Minerals Ltd. 
          
 

 

 
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    Initially planning for seven holes in the Central and North zones:

     
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      Total 4,200 meters with the possibility for two additional 600-meter holes;  

     
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      Drill plan targets the hinge zone of the mineralized Sesmarias synform along a strike length of 500-600 meters.  

     
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      At the Slivova gold-silver project in Kosovo, up to 3,000 meters of drilling, mostly designed to upgrade the mineral resource estimate from Inferred and Indicated to Measured Resources.  

     
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      Planning for drilling at the Kangasjärvi zinc-copper massive sulfide target in Finland underway:  

     
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      Three holes planned, totaling 1,000 meters;  

     
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      Targets strong geophysical anomalism close to historic zinc-copper mine and not previously drilled.  

     

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  Vancouver, BC –   TheNewswire -   August 13, 2024 –   Avrupa Minerals Ltd. (TSXV: AVU)   is excited to announce that it will be drilling at all three of its joint ventured projects in the coming months.  Drilling has already started at the Sesmarias VMS prospect in Portugal, and plans are underway for 3,000 meters of drilling at the Slivova gold-silver deposit in Kosovo.  Later in Q4, we expect to run a three-hole, 1000-meter recon drilling program at the Kangasjärvi VMS prospect in Finland.  

 

  Sesmarias VMS prospect, Portugal  

 

  Drilling at Sesmarias commenced at the end of June.  We are planning for seven 600-meter holes over a strike length of approximately 550 to 600 meters in the Central and Northern zones of the Sesmarias VMS deposit (Sections 250S through 800S).  These may be followed by two further 600-meter holes, collared where necessary.  Drilling is designed to upgrade and enhance the body of higher grade, hinge zone, copper-zinc mineralization intersected in previous holes drilled in 2021 and during last year's successful program (see previous AVU news releases:   June 12, 2023   ;   November 28, 2023   ; and   June 3, 2024   ).  

 

  The drilling program at Sesmarias is part of a joint venture between Avrupa Minerals and Sandfire Mineira Portugal, Unipessoal Lda. ("Sandfire Portugal"), a 100%-owned subsidiary of   Minas de Aguas Teñidas, S.A. ("Sandfire MATSA")   . Avrupa continues to operate the project through the JV entity PorMining Lda., and Sandfire Portugal continues to fund the exploration work.  

 

  Paul W. Kuhn, President and CEO of Avrupa Minerals, noted, "Drilling at Sesmarias is underway.  Our target is compact and well-defined.  Previous drilling partially defines the synformal shape of the mineralization, showing higher grade polymetallic mineralization located around the hinge of the fold in the Central zone.  We are aiming to expand the hinge mineralization to the north, as well as up into the limbs of the synform.  We look forward to providing more news as the summer passes."  

 

  As shown in the following schematic cross-section of the Sesmarias deposit, and noted previously, we will be targeting the hinge of the fold system, which has been partially defined on the 250S, 350S, 500S, 650S, and 800S sections, to date.  

 

    
Click Image To View Full Size
 

 

  Figure 1.   Schematic diagram, courtesy of the PorMining geological staff, showing the general targeting of the new drilling program.  Field of view is 500 meters left to right, and 1,400 meters in depth (strike length).  

 

    
Click Image To View Full Size
 

 

  Figure 2.   Light blue/turquoise notations show which sections we plan to drill to attempt to upgrade our understanding of the Sesmarias mineralization in the central and northern zones.  We have started drilling on Sections 800S and 650S, and will move north to between Sections 350S and 500S as work progresses.  Later we plan to drill between 500S and 650S, as well as on Sections 250S and 350S.  

 

  Slivova Gold-Silver Deposit, Kosovo  

 

  Recent discussions with partner Western Tethyan Resources (WTR) indicate that they plan to drill ~3,000 meters at the Slivova deposit beginning later this summer.  While WTR is presently completing trenching and property-wide soil sampling to upgrade potential satellite deposits to Slivova, the company expects that most of the upcoming work will be directed towards resource development in the main Slivova deposit.  Further information concerning the work plans is expected in the coming weeks.  

 

  Kangasjärvi Zinc-Copper Prospect, Finland  

 

  Detailed work carried out at   Kangasjärvi   over the past three years has led to the discovery of exciting new   targets   close to the historic deposit.  The   targets   consist of strong electromagnetic (EM) anomalism detected by a deep-penetrating, helicopter EM   survey.   The intense electric conductivity may reflect the presence of an undiscovered center of massive mineralization, including copper-rich sulfides and a stockwork feeder zone. Modelling points to a possible mineral body measuring 500m by 600m, starting at a depth of 100m and continuing down to more than 500m at both the Kangas Main and Kangas North targets.  Neither target has been drilled previously.  

 

 

 

   
Click Image To View Full Size

 

  Figure 3.   Location of the two Kangas EM targets, along with historic drilling locations.  

 

 

 

   
Click Image To View Full Size

 

  Figure 4.   Close-in view of the Kangas Main EM anomaly.  

 

    
Click Image To View Full Size
 

 

  Figure 5.   Inversion model in cross-section. Main target located to the right of large fault (red).  Historic Kangasjärvi deposit to the left of the fault could be "tail" of the main deposit separated by faulting.  

 

  The Company and partner Akkerman Exploration are planning three drill holes, totalling 1,000 meters, in the two targets at Kangas Main and Kangas North.  We plan to start during early Q4, depending on drill rig availability.  More information will be distributed as plans coalesce and the drilling company is locked into a time slot during October.  

 

  Sandfire Portugal   is   a 100%-owned subsidiary of Sandfire MATSA, a modern mining company which owns and operates the MATSA Mining Operations in the Huelva   province of Spain. With a processing plant located to the north of the Iberian Pyrite Belt that sources ore from three underground mines, the Aguas Teñidas and Magdalena Mines in Almonaster la Real and the Sotiel Mine in Calañas, Sandfire MATSA produces copper, zinc and lead mineral concentrates that are sold from the port of Huelva.  

 

  Western Tethyan Resources (WTR)   is a UK-registered, mineral exploration and development company focused on South East Europe. The company has a strategic alliance with Newmont Corporation and Ariana Resources and is currently focused on exploration for major copper-gold deposits in the Lecce Magmatic Complex and Vardar Belt. The company is assessing several other exploration project opportunities across Eastern Europe, targeting copper-gold deposits across the porphyry-epithermal transition.  

 

  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 49%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire Portugal 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) 2024 TheNewswire - All rights reserved.

 

 

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  Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.) 

 

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

 

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  • Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;

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  • 53 line-km of induced polarization ("IP") geophysical surveys planned on the PIL and 16 line-km on the ATTY, and

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Finlay's President and CEO, Ilona Lindsay , states :  

 

  "We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."  

 

  References:  

 
  1. Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

  2.  
  3. Finlay news releases NR 03-25 dated April 17, 2025 entitled: "  Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties " and NR 05-25 dated May 2, 2025 and entitled: "  Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement. "
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  Qualified Person:  

 

  Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

 

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com   .  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown ,
Executive Chairman of the Board

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/17/c1585.html  

 
 

 

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