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Avrupa Minerals (TSXV:AVU) reported drill results from its Slivovo project in Kosovo. Hole SLV 011 intercepted 30 meters of 6.92 grams per tonne of gold and 16.2 grams per tonne of silver. Phase 1 and 2 drilling has been completed at the project, and phase 3 drilling has commenced.
As quoted in the press release:
Avrupa completed five more drill holes at the Slivovo Project, totaling an additional 1,035 meters in three separate areas. The highlight of this new round of drilling was the gold intercept in SLV011, drilled parallel (-40 degrees to the northeast) to SLV004 and collared 25 meters to the southeast. SLV011 intercepted 30 meters of 6.92 g/t gold from a depth of 91 meters to a depth of 121 meters, where the hole crossed through a low angle fault, as in SLV004. Up-hole from this intercept, from a depth of 66 meters to the 91-meter level, the gold value averaged 1.02 g/t gold over 25 meters. The entire 55-meter intercept in SLV011 averaged 4.24 g/t gold.
This phase of drilling was aimed at testing additional targets around the Slivovo license and the southern continuation of known mineralization at Peshter. In addition to SLV011 in the Peshter Gossan zone, two holes, SLV009 and SLV010, were drilled in the Xzemail zone, and two further holes, SLV012 and SLV013, were drilled into a newly discovered easterly extension of the Peshter Gossan. This drilling completes the Byrnecut 51% earn-in commitment.
The company provided a more detailed overview of drilling in the Peshter Gossan zone:
Of the five holes drilled, SLV011 (201 meters total depth – TD) was the only hole drilled into the Peshter Gossan. The results indicate continuity of gold mineralization, but also underscore the fact that the high grade gold mineralization is controlled by a number of geological and structural factors that are not yet clearly understood. The initial part of the ongoing drilling has been designed to better ascertain the parameters of the gold mineralization and, most importantly, to extend the core high grade gold mineralization. Following is a table of significant results from SLV011.
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At this point, the technical team notes that the location of higher grade gold mineralization may be related to steeply dipping, NNE-trending shears, vertically-oriented bedding in folded and strongly altered vuggy, calcareous sandstone host rocks. The Avrupa team also sees spatial relation of gold mineralization to altered, porphyritic hornblende dikes, which are far more widespread in the gossan zone, than previously noted. The timing of the gold emplacement in the Peshter Gossan area appears to be a later and separate event from deposition of base-metal sulfides, and at the microscopic level, appears mostly as free gold. The presence of: 1) intrusive rocks; 2) the distribution of anomalous accessory metals bismuth, tellurium, copper, lead, and zinc; and 3) the style and distribution of alteration at Peshter and the surrounding target areas suggests an intrusive source to the mineralization system. While the immediate goal of the exploration program is to identify a close-to-surface gold deposit, future exploration thinking will also cover the possibility of identifying a presumably larger, sub-surface intrusive-related metal deposit.
The Company is presently working to produce simplified geological cross sections and schematic surface geological and alteration maps. These will be posted on the Avrupa website in the near future, as they are finalized.
Avrupa president and CEO, Paul W. Kuhn, said:
Our Slivovo project continues to yield excellent results and new targets. Further work is clearly warranted to understand the source, controls, and potential size of the gold mineralization. We have a new drill rig on the property and have commenced further drilling in the Peshter Gossan zone. The objective of this drilling will be to determine if there is a potentially viable mineral resource at Peshter and other proximal targets, and to test several other outlying target areas on the Slivovo license. We are planning to drill up to 3,000 meters in this new phase of drilling.
Click here to read the Avrupa Minerals (TSXV:AVU) press release
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