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Avrupa Minerals Provides an Update on JV-Available Projects in Portugal
Avrupa Minerals (TSXV:AVU) reported progress on its exploration projects available for joint venture in southern Portugal.
Avrupa Minerals (TSXV:AVU) reported progress on its exploration projects available for joint venture in southern Portugal. The Company is currently directing its efforts to form new exploration JV’s on these projects, all of which have drill-ready targets.
As quoted in the press release:
- Alvito – This license contains a large iron oxide copper-gold (IOCG) target in the Ossa Morena Zone, the mineral district sandwiched between the Iberian Pyrite Belt to the south and the Montemor orogenic gold district to the north.
- Marateca – The license covers at least 12 copper- and zinc-bearing massive sulfide targets in the Pyrite Belt on the northerly extensions of the same trends that host the giant Neves Corvo and Aljustrel mines in Portugal and the Rio Tinto, Aguas Tenidas, and Las Cruces mines in Spain.
- Mertola – This license contains copper- and zinc-bearing São Domingos massive sulfide deposit mined in the 19th and 20th centuries in the prolific Iberian Pyrite Belt of southern Portugal.
Alvito
The main target on the Alvito license is the Alcaçovas iron oxide copper-gold (IOCG) prospect. Soil sampling, geological mapping, prospecting at and around old workings, and short-hole drilling (in lieu of trenching) have delineated an initial IOCG footprint of 2 x 4 kilometers in size. Further groundwork in the area is likely to increase the size of the target area, though the present size of the known IOCG alteration and mineralization footprint at Alcaçovas is already similar to that of the Candelaria deposit in Chile, presently being mined by TSX-listed Lundin Mining.
Marateca
The Pego do Altar gossan zone in the southeast corner of the license is a drill-ready target located in the São Domingos mineral trend of the Portuguese Pyrite Belt, and approximately 50 kilometers north of the Sesmarias massive sulfide discovery. The host rocks at Pego do Altar are similar to those at Sesmarias, and Avrupa’s geological targeting vectors indicate strong drill target possibilities. The gossan zone outcrops over a length of one kilometer, carries elevated copper, lead, and zinc rock sample anomalism, as well as leached rock textures, suggesting potential for mineralization down dip from the surface exposures.
Mertola
The Mertola license is the least explored by Avrupa geologists. Even so, commencement of re-logging of historic core from the Chança prospect, located in the northeast corner of the license immediately adjacent to the border with Spain, has already brought to light one potential drilling target between historic copper-zinc mineralized drill holes. Both drill holes, spaced over 1,000 meters apart, contain visible stockwork and semi-massive sulfide mineralization over intercept lengths of 30-40 meters. Re-interpretation of the geology in these holes and others in the same area indicates that previous drilling, for the most part, appears not to have reached the proper target rocks, leaving significant space between the mineralized holes for more massive sulfide potential.
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