The Conversation (0)
Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) has acquired the 742 square kilometer Marateca license in the northern Pyrite Belt of Portugal, 40 kilometers north of the Company’s Alvalade joint venture project with Antofagasta Minerals, SA. The Mining Bureau of Portugal issued the new license on July 26, 2013.
As quoted in the press release:
The new Marateca license covers a portion of the Pyrite Belt that is under-explored. Targets within the license area are potential copper- and zinc-bearing massive sulfide deposits, hosted in a similar geological setting to that of the Alvalade Project.
Previous work in the area by Avrupa included exploratory core drilling at three different targets: Serrinha, São Martinho, and Monte de Volta. The two holes at Serrinha intercepted zones of stockwork sulfide-quartz veining with anomalous base metal values and silver (see Avrupa news release, dated August 24, 2011). Subsequent geological work around the Serrinha target area produced several new drill targets. The holes at São Martinho and Monte de Volta were lost due to difficult drilling conditions before reaching the target zones. Armed with much new knowledge and experience in the Pyrite Belt, the Avrupa technical team is highly optimistic about further drilling in all three target zones.
In addition, further geological mapping and prospecting completed last year identified five areas in the new license with exposed rock units that typically host massive sulfide deposits in the Pyrite Belt. Recently, the Company discovered outcropping copper mineralization at the Cordoeira target area, and an outcropping gossan zone in the Pego do Altar target area. There are at least five other known targets on the property, but little previous work has been completed in these areas.
Click here to read the Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) press release
Click here to see the Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) profile.