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Avrupa Minerals Ltd. (TSXV:AVU) has announced results for its recent drilling phase at the Sesmarias location on the Alvalade joint venture project in the Iberian Pyrite Belt of Portugal. The project is funded by a wholly-owned subsidiary of Antofagasta plc and operated by Avrupa.
Notably, drill hole SES008, a 650-meter step-out NW from SES002, intersected 5.5 meters of massive sulfide mineralization assaying 1.17 ppm gold, 36.8 ppm silver, and including 5 meters at 0.64% Copper, 0.94% Lead, and 1.54% Zinc.
As quoted in the press release:
Avrupa and Antofagasta drilled eight holes in the Sesmarias area, including seven in the immediate vicinity of the initial Sesmarias massive sulfide intersection, for a total of 1,961 meters in the general target area. Results of JV drilling clearly indicate the potential for a large-scale mineralized system. Ongoing review of historic drilling around the peripheries of the present program supports this idea, and suggests an immediate target area of over 2,500 meters in strike length for the next phase of drilling.
Avrupa CEO, Paul W. Kuhn, said:
We are extremely excited about the Sesmarias potential. It appears possible that the Sesmarias area can host a large mineralization system, containing valuable concentrations of copper, zinc, lead, and silver, and potentially local concentrations of gold, tin, and cobalt. Further work is clearly justified, and Antofagasta has stepped up to fund further progress for the exploration program at Sesmarias, and on the Alvalade Project in general. We are looking forward to the startup of the next phase of drilling, scheduled for mid-June.
Click here to read the Avrupa Minerals (TSXV:AVU) press release
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