Avrupa Minerals drills 74 m of 6.02 g/t Gold at the Slivovo Project in Kosovo

Avrupa Minerals (TSXV:AVU) announced has released results from the last of the phase 3 drill holes for 2015 on the Slivovo project in Kosovo.
As quoted in the press release:

The project is operated by Avrupa, and funded by partner, Byrnecut International Ltd. (BIL). BIL has now spent EUR 2 million (approximately C$ 2.8 million) at Slivovo and has completed 75% earn-in requirements. With full geochemical results in hand and near-complete compilation of all technical work from the Phase 3 exploration program, BIL is in the process of completing a JORC-compliant resource estimate for the Peshter Gossan deposit.
Drilling results from the satellite Brus target, located some 2.5 kilometers SSE of Peshter, suggest that further work will be needed to identify a possible mineral resource.
The following information is important to understand the results from this group of drill results:

• Drill holes 37 and 38 are in-fill holes, testing thickness of the block of precious metals’ mineralization.
• Drill hole 39 tested the southern edge of high grade gold and silver mineralization in the Peshter Gossan.
• Drill holes 40 and 42 were exploration-type holes in the Gossan Extension zone.
• Drill holes 41 and 43 confirmed the presence of a steeply dipping, northeast-trending fault zone between the Main Peshter Gossan and the Gossan Extension zones. This new geological understanding of the importance of the structure will have implications in exploration for further precious metals’ mineralization to the east and northeast of the present Main and Extension zones.
• High grade results from drill hole 43 are significant, as the intercepts cuts completely blind gold and silver mineralization, and extends the Main Gossan to the east and downwards.
• While drill hole 44 did not intercept mineralization, understanding of the geology from the core suggests further support for another northeast-trending boundary fault at Peshter. Confirmation of the presence of a north boundary fault will also have implications in further exploration for high grade, gossan-style gold and silver mineralization to the southwest of the Main gossan zone
• Better understanding of the structural setting at Slivovo is an important goal for the remainder of the field season, in order to prepare plans for subsequent work to define near-Peshter Gossan precious metals’ mineralization.

Avrupa Minerals President and CEO, Paul W. Kuhn, stated:

The final results from the Phase 3 drilling clearly enhance the mineral inventory at Peshter. The Project has been a real success. We have completed our goals in a timely manner, within budget, and with an industry best-practices standard. We are excited to be able to produce an initial resource estimate at Peshter within 19 months of start-up for just two million euros. In addition, looking ahead, we are also excited about the nearby targets with gold potential as we unlock the geological story and use this knowledge to direct further exploration to increase the size of the gold deposit.

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