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Avrupa Minerals developing Covas tungsten project

Investing News Network
Oct. 15, 2010 11:04AM PST
Company News

Avrupa Minerals Ltd (CVE:AVU) has announced plans to upgrade its Covas tungsten project in northern Portugal, near the border town of Caminha. Avrupa Minerals is actively seeking a mining partner to help further the programme and fully develop the potential of the property, suggesting that rising tungsten prices and the short supply of the metal in […]

Avrupa Minerals Ltd (TSXV:AVU) has announced plans to upgrade its Covas tungsten project in northern Portugal, near the border town of Caminha.

Avrupa Minerals is actively seeking a mining partner to help further the programme and fully develop the potential of the property, suggesting that rising tungsten prices and the short supply of the metal in Europe could make the Covas tungsten project attractive for potential joint venture. The price of tungsten has increased by 30% since mid-2009, and the European Union has recently published a report which describes tungsten as one of 14 critical raw materials due to their high relative economic importance and high relative supply risk.

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