Drilling Re-Starts at Alvalade VMS Project, Portugal

Drilling Re-Starts at Alvalade VMS Project, Portugal

(TheNewswire)

Avrupa Minerals Ltd.

  • The new (9 th ) phase of drilling will initially test targets over 11-kilometer strike length between the historic Lousal and Caveira Mines;

  • First hole is testing potential northwest extension of Lousal Mine orebody;

  • Other holes will test targets at Monte da Bela Vista and the Caveira Mine area, and then several in-between VTEM geophysical anomalies.

  • Following exploration targets' drilling, the program will return to Central and Southern sectors at Sesmarias.

  • 10-12 drill holes expected, totaling +6,000 meters in Phase 9.

Vancouver, BC – TheNewswire - Septem ber 15, 2022 – Avrupa Minerals Ltd. ( TSXV: AVU) (OTC:AVPMF) (FRANKFURT:8AM) announces that drilling re-started on the Alvalade Joint Venture Project in the Pyrite Belt of southern Portugal.  The program is a joint venture between Avrupa Minerals ("AVU" or "Company") and Minas de Aguas Teñidas, S.A. ("Sandfire MATSA" or "MATSA").  Avrupa continues to operate the project through the JV entity PorMining Lda.  To date, at Sesmarias North, the Company completed 17 diamond drill holes, totaling 8,900 meters, on six different fences along a strike length of 400 meters, as well as one further drill hole in the Caveira District, totaling 614 meters (see news release of April 4, 2022 ).

The new phase of drilling (9 th overall) will initially target anomalies located between the historic Lousal and Caveira Mines, over a strike length of approximately 11 kilometers.  The first drill hole targets potential mineralization located 300-400 meters northwest of the last reported mineralization in the Lousal Mine.  Following this Lousal Northwest hole, depending on results, we anticipate further testing in the Lousal area, as well as targets at the Monte da Bela Vista prospect drilled by Avrupa in 2012-2014, new targets in the Caveira Mine vicinity, and several strong VTEM geophysical anomalies located between Monte da Bela Vista and the south end of the Caveira Mine mineralized zones.

Once the drill rig is available for return to Sesmarias, or a second rig becomes available, we plan further exploratory drilling within the Central and Southern sectors of the known mineralization.  Previous, wide-spaced drilling by Avrupa demonstrated the presence of robust massive sulfide mineralization over a further strike length of +1,200 meters through the central and southern sectors at Sesmarias.


Click Image To View Full Size

Figure 1. Map of Alvalade Experimental Exploitation License showing general locations of drill target areas which have been selected using a wide range of geological, geophysical, and geochemical tools.  Note that the black, dashed lines that traverse the length of the license outline the corridor of favorable geology, geochemistry, and VTEM geophysical conditions.  Note also significant interference from railroad tracks, powerlines, and a solar farm in the Azinheira area (all in washed-out purple color).


Click Image To View Full Size

Figure 2. Location of Sesmarias massive sulfide mineralization, showing both recent and historic drilling on the project.  Present joint venture drilled only about 400 meters of strike length, to date.  Mineralization is open to the north.  Previous, wide-spaced drilling outlined a further +1,200 meters to the south of recent JV work.  Mineralization is potentially open to the south, as well, beyond the 1,200-meter estimate.

Avrupa expects to drill a further 6,000 meters in 10 to 12 drill holes in the current phase of drilling.  MATSA has indicated that the budget for Phase 9 is in the range of 1.4 to 1.7 million euros.  The budget will also include further re-processing of the VTEM data and an airborne gravity survey to cover the entire license, using modern techniques and detailed location and elevation information to replace a patchwork of historic gravity surveys from the 1990's.  Historically, gravity surveys are effective tools for locating non-visible, buried massive sulfide bodies in the Iberian Pyrite Belt.  The re-processing of the VTEM data is presently underway, and we expect to perform the gravity survey around mid - Q4 2022.

Paul W. Kuhn, President and CEO of Avrupa, commented, "We are excited to get the drilling going again.  The JV geology team has constructed a set of hard targets along an 11-kilometer strike length between the Lousal and Caveira Mines.  While we have concentrated our efforts at Sesmarias for good reason, and will get back to drilling the Sesmarias copper-zinc prospect, we are also quite excited to test the other VMS targets that we have developed over the past two years."


Click Image To View Full Size

Figure 3. Drill set-up at LNW22-001, 360 meters northwest of last reported mineralization at the historic Lousal Mine, 300 Level

Minas de Aguas Teñidas, S.A. (Sandfire MATSA) is a modern mining company which owns and operates the MATSA Mining Operations in the Huelva province of Spain. With a processing plant located to the north of the Iberian Pyrite Belt that sources ore from three underground mines, Aguas Teñidas and Magdalena Mines in Almonaster la Real and the Sotiel Mine in Calañas, Sandfire MATSA produces copper, zinc and lead mineral concentrates that are sold from the port of Huelva. Sandfire MATSA also holds 1,312 km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal. Sandfire MATSA is a wholly owned company of Sandfire Resources Ltd, a mining and exploration company listed on the Australian Securities Exchange (ASX: SFR).

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.  The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement.  The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently-announced acquisition of Akkerman Finland Oy.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.  The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

This news release was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AVU:CA
Avrupa Minerals

Avrupa Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
TSXV:AVU

Avrupa Minerals


Keep reading...Show less
Avrupa Minerals Updates Drilling Results at the Sesmarias VMS target, Alvalade JV, Portugal

Avrupa Minerals Updates Drilling Results at the Sesmarias VMS target, Alvalade JV, Portugal

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Positive Preliminary Economic Assessment Completed for the Slivova Gold Project, Kosovo

Positive Preliminary Economic Assessment Completed for the Slivova Gold Project, Kosovo

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals Announces Updated Slivova Mineral Resource Estimate

Avrupa Minerals Announces Updated Slivova Mineral Resource Estimate

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals Provides Alvalade JV Update, Portugal

Avrupa Minerals Provides Alvalade JV Update, Portugal

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Avrupa Minerals to Continue Positive Progress in Finland, Portugal, and Kosovo in 2023

Avrupa Minerals to Continue Positive Progress in Finland, Portugal, and Kosovo in 2023

(TheNewswire)

Avrupa Minerals Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Clean Energy and Precious Metals Virtual Investor Conference, held December 4 th 5 th and 6 th are now available for online viewing.

REGISTER NOW AT : https://bit.ly/46QuklX

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Clean Energy and Precious Metals Virtual Investor Conference, held December 4 th 5 th and 6 th are now available for online viewing.

REGISTER NOW AT : https://bit.ly/46QuklX

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Interra Copper Announces Fully Subscribed Flow-Through Private Placement Financing

Interra Copper Announces Fully Subscribed Flow-Through Private Placement Financing

Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") is pleased to announce that it intends to complete a fully subscribed non-brokered private placement ("Private Placement") of 3,041,397 flow-through shares of the Company (the "FT Shares", and each, a "FT Share") at a price of $0.29 per FT Share for aggregate gross proceeds of $882,005. There are no warrants associated with this financing. Subject to the receipt of all necessary regulatory and other approvals, the Company anticipates closing of the Private Placement to occur on or about December 15, 2023.

"This raise of flow through funds demonstrates a vote of confidence for our newly acquired Rip project and will allow us to significantly advance our exploration work and earn-in with ArcWest Resources in British Columbia," commented Interra Chairman and CEO Rick Gittleman.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pampa Metals Reports 130m From 362m @ 1.31% CuEq*, Within a Broader Interval of 558m From 362m @ 0.73% CuEq* Which Remains Open at Depth

Pampa Metals Reports 130m From 362m @ 1.31% CuEq*, Within a Broader Interval of 558m From 362m @ 0.73% CuEq* Which Remains Open at Depth

Pampa Metals Corp. ("PMC" or the "Company") (CSE:PM)(FSE:FIR)(OTCQB:PMMCF) is pleased to announce the assay results from the PIU16-DDH01 diamond drillhole (920.2 m) completed at the Piuquenes Project in the 2015-2016 season (refer 30 November 2023 News Release

Results include:
- 558.2 m (362-920.2 m EOH) @ 0.38% Cu & 0.42 g/ Au & 2.4 g/t Ag (0.73% CuEq)*
Including:
- 296 m (362-658 m) @ 0.5 % Cu & 0.5 g/t Au & 2.7 g/t Ag (0.91% CuEq)*,
- 180 m (362-542 m) @ 0.71% Cu & 0.61 g/t Au & 3.8 g/t Ag (1.22% CuEq)* and
- 130 m (362-492 m) @ 0.81% Cu & 0.6 g/t Au & 4 g/t Ag (1.31 % CuEq)*

Keep reading...Show less
Canadian North Resources Announces the Engagement of Market Making Services

Canadian North Resources Announces the Engagement of Market Making Services

Canadian North Resources Inc. ("the Company," TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the engagement of Independent Trading Group (ITG), Inc. ("ITG") to provide certain market-making services to the Company pursuant to an agreement ("the Agreement"), dated December 1, 2023.

ITG will trade the securities of the Company on the TSX Venture Exchange to maintain an orderly market and improve the liquidity of the Company's common shares. In consideration of the services provided by ITG, the Company will pay ITG a monthly cash fee of $5,000 for an initial term of one month, which will automatically extend for successive one-month terms unless terminated by either party on 30 days' prior written notice. The services to be provided by ITG commenced on December 1, 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER EXTENDS DEERHORN AND TAKOM DEPOSITS AND INTERSECTS STRONGEST COPPER MINERALIZATION TO DATE AT THE MEGATON ZONE

VIZSLA COPPER EXTENDS DEERHORN AND TAKOM DEPOSITS AND INTERSECTS STRONGEST COPPER MINERALIZATION TO DATE AT THE MEGATON ZONE

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to report additional assay results from its summer core drilling program at the Woodjam copper-gold project (the " Woodjam Project " or " Woodjam ") in central BC (Figure 1).  Highlights include significant extensions to the Deerhorn and Takom deposits and the strongest copper mineralization to date at the Megaton zone.

HIGHLIGHTS

Mineralization Extended at the Deerhorn and Takom Deposits.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Avrupa Minerals

Avrupa Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×