Avrupa Minerals Receives $150,000 in Funding to Advance Alvito Project

 Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) received $150,000 of exploration funding from Callinan Royalties Corporation to advance the Alvito Project, in exchange for 1.5% NSR royalty.

As quoted in the press release:

… received $150,000 funding from Callinan Royalties Corporation (“Callinan”) to fund exploration at the Alvito license in Portugal to better attract potential joint venture partners in exchange for a 1.5% NSR royalty. The project will be designated as an “Alliance Property” under the recently announced Exploration Alliance Agreement between Avrupa and Callinan.

Avrupa Minerals Ltd. President and CEO, Paul Kuhn, said:

We are delighted to have further Callinan backing of our target generation program in Portugal. We see this new funding as continued support for our business model. With the additional funding and support of the Callinan geological team, we will be able to advance the Alvito license to the point where we can attract a strong mining partner to bring the one or more of the prospects to a possible development situation.

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