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Avrupa Minerals Announces Drilling Results for Slivovo Gold Project: Confirms Gold Mineralization at Depth
Avrupa Minerals (TSXV:AVU) is pleased to report the assay results from the final five 2016 drill holes in the Gossan Extension Zone at the Slivovo Gold project in Kosovo.
Avrupa Minerals (TSXV:AVU) is pleased to report the assay results from the final five 2016 drill holes in the Gossan Extension Zone at the Slivovo Gold project in Kosovo. These new assays, along with those from the previously-reported eleven drill holes (NR #14, August 16, 2016), will be used to prepare an updated resource estimate during the fall of 2016. It is significant that the gold mineralization in the Gossan Extension Zone has been discovered below the bottom thrust fault control which previously had been understood as the lower limit for gold mineralization in the Main Gossan Zone. Three holes cut gold mineralization below the thrust fault with intercepts at grades up to 5.98 g/t over 15 meters. While the data from these holes may not be enough to calculate a resource for this area, the new information does show that the mineralization continues to the east and is open down dip.
- Gold and silver assays from final five holes include:
- 26 m @ 1.29 g/t Au and 7.2 g/t Ag in SLV057
- 3 m @ 38.70 g/t Au and 33.9 g/t Ag in SLV058
- 22.6 m @ 3.29 g/t Au and 9.7 g/t Ag in SLV058
- 23 m @ 4.37 g/t Au and 7.2 g/t Ag in SLV060
- SLV 060 ended in mineralization
- 30 m @ 1.32 g/t Au and 11.9 g/t Ag in SLV061
- Gossan Extension Zone gold mineralization increased from 65 meters to 90 meters strike length from the Main Gossan Zone; open to the east and down dip.
- Results from most recent drill holes SLV058 and SLV060 confirm new gold mineralization potential below thrust fault control in the Gossan Extension Zone.
Other PFS work on the Slivovo Project continues to move ahead at a rapid pace, including investigating locations for the mine and mill, roads, water testing, pit wall testing, consulting with communities, baseline environmental testing, power source planning, etc. Our partners are preparing a budget for further PFS work in 2016 and beyond-PFS work anticipated for early 2017.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “The new results not only show extension to the east of the gold mineralization, but also show that gold is present in preferred host rocks beneath the thrust fault that stops mineralization in the Main Gossan Zone. Implications from this include further mineralization down plunge to the east in the Extension Zone, as well as the possibility of deeper mineralization in favorable host rocks around the Slivovo property. The fact that mineralization also appears to be spatially related to porphyritic intrusive rocks suggests further possibilities for a much larger mineralizing system.”
Connect with Avrupa Minerals (TSXV:AVU) to receive an Investor Presentation.
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