life extension trace minerals

Avrupa Minerals Drills 22.25 meters of 0.42% Copper and Additional Intercepts at Sesmarias North, Alvalade Project, Portugal

(TheNewswire)



  • - Discovery of downdip massive sulfide mineralization on 8 Lens;

  • - 3,580 meters drilled to date in seven diamond drill holes on three sections;

  • - Results from SES21-032 through SES21-036 included;

  • - SES21-033: 22.25 meters @ 0.42% Copper, 2.07% Zinc; 1.05% Lead; 0.58 ppm Gold, and 39.3 ppm Silver in semi-massive to massive sulfide mineralization from 363.00 meters to 385.25 meters;

  • - SES21-036:  17.00 meters @ 0.39% Copper; 2.11% Zinc; 1.10% Lead; 0.4 ppm Gold; and 34.1 ppm Silver in semi-massive to massive sulfide mineralization from 406.10 meters to 423.20 meters;

  • - Mineralization in both holes lies within a wider zone of stockwork sulfide veins and replacements in strongly altered black shales and volcanic rocks of the mineral host horizon;

  • - SES21-037: Just completed, targets further downdip potential on Section 000;

  • - SES21-038: Commences on Section 070 S to test strike potential to the south.

June 9, 2021 – TheNewswire - Avrupa Minerals Ltd. ( TSXV:AVU ) (OTC:AVPMF) is pleased to present an interim progress report covering drilling at the Sesmarias Copper-Zinc Prospect within the Alvalade Project (Alentejo, Portugal).  The program is a joint venture between Avrupa Minerals and Minas de Aguas Teñidas, S.A. (MATSA) and is operated by Avrupa through the JV entity PorMining Lda.  To date, the Company has completed seven diamond drill holes on three different fences, totaling 3,580 meters, and has started an eighth hole testing potential massive sulfide mineralization on Section 070S, located approximately 70 meters south of Section 000.

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "We have now extended the 8 Lens 150 meters downdip from a 5-meter intercept in SES008 of 0.64% Cu, 36.8 g/t Ag, 0.94% Pb, and 1.54% Zn to intercepts of 20+ meters in SES21-033 and 036.  This is the first time that we have intercepted significant downdip mineralization on any of the massive sulfide lenses at Sesmarias.

Our upgraded understanding of the structural controls of the mineralization suggests longer potential strike length possibilities which we will initially follow-up to the south in SES21-038.  This hole will be collared 50 meters northeast of SES20-031 which just touched on mineralization.  As we look to extending the 8 Lens to the south on Section 70S, and locating the potential copper-rich zones there, we are also making drill plans for extension of the 8 Lens to the north and to re-visit the Discovery Lens area."

Section 000 .

The Company has now drilled five holes, in different phases of drilling, on Section 000 which includes, from west to east, SES21-032, SES008, SES21-033, SES21-036, and SES21-037.  We previously reported results for SES008 (May 2014) and SES21-032 (February 2021) along this section, and for SES20-031 on Section 70S (February 2021).


Click Image To View Full Size

Figure 1. Plan view of Sesmarias North drilling, with cross section lines (in blue) and surface expression of the 8 Lens Target Zone (in red).  Drilling is complete on Section 000 for now, and the drill rig has moved southeast to Section 070 S.  The new hole, SES21-038, on Section 070 S, targets potential massive sulfide mineralization in a geological position equivalent to mineralization intersected in SES21-033 and 036.

SES21-032. As reported in February 2021, this hole cut the mineral horizon black shales, but above and distal to massive sulfide mineralization, as shown in the cross section below.  Results included low anomalous levels of important indicator metals, including arsenic, antimony, manganese, and molybdenum.  Copper, lead, and zinc showed weakly elevated levels, as well, suggesting some measure of proximity to massive mineralization in the subsequent drill holes.  This kind of geochemical pattern will assist in vectoring towards mineralization in future target areas.

SES008. The Company drilled the 8 Lens discovery hole in 2014, and reported 5.0 meters of 0.64% copper, 0.94% lead, and 1.54% zinc, inside a slightly wider interval of 5.5 meters of 1.17 ppm gold and 36.8 ppm silver.  Massive sulfide mineralization lies within a wider zone of 33.1 meters of sulfide-bearing black shales and volcanics.  The entire sulfide zone is bounded, top and bottom, by faulting.

SES21-033. Discovery of downdip massive sulfide mineralization of the 8 Lens in SES21-033, collared five meters northeast of SES008.  After passing through the upper bounding fault zone, the hole intercepted 31.4 meters of disseminated, laminated, and stockwork sulfide mineralization, beginning from a depth of 331.6 meters and continuing downwards to 363.0 meters.  Total amount of sulfides generally increases with depth, as do anomalous levels of copper, lead, and zinc.  Significant copper-lead-zinc mineralization in massive sulfide material begins at 363.0 meters and terminates at 385.25 meters at the lower fault.  The complete mineral zone, bounded by faults, totals 53.65 meters.

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (ppm)

Ag (ppm)

22.25

363.00

385.25

0.42

2.07

1.05

0.58

39.3

Incl.

Best overall zone

6.00

375.60

381.60

0.38

4.14

2.04

0.81

63.6

And

Best copper zone

4.65

380.60

385.25

0.66

Table 1. SES21-033 intercept information.

SES21-036. This hole was collared 30 meters to the northeast of SES21-033.  In hole 036, the entire fault-bounded zone of sulfide-bearing black shales and volcanics increases to 80.2 meters, with 17.0 meters of massive sulfide mineralization visible in the core.  The hole entered the sulfide mineralized zone at 342.90 meters, with increasing and more intense stockwork mineralization followed by semi-massive sulfides downwards to 406.10 meters.  Metal values increase downhole with increased amounts of sulfides.  The drillhole passed through semi-massive sulfides at this point, and continued through massive mineralization to 423.10 meters, where it is truncated by a fault.  The mass also shows internal higher-grade base metal zonation, as noted in the table below.  Further review is necessary to assist in vectoring towards the potential high-grade portions of the deposit.

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (ppm)

Ag (ppm)

17.00

406.10

423.10

0.39

2.11

1.10

0.40

34.1

Incl.

Best overall zone

4.00

411.10

415.10

0.33

4.41

2.26

0.59

51.7

And

Best copper zone

7.00

415.10

422.10

0.47

And

Best Zn-Pb-Ag zone

2.00

413.10

415.10

5.98

3.34

64.0

And

Best gold zone

4.00

402.10

406.10

1.03

Total copper zone (semi-massive to massive sulfides)

56.00

367.10

423.10

0.30

0.42

Table 2. SES21-036 intercept information.  Note copper-gold association over the 56-meter stockwork/semi-massive/massive interval.  We see this spatial gold-copper correlation in other holes, as gold appears to act as an indicator metal for close proximity to the massive sulfide mineralization.

SES21-037. To attempt to further increase the downdip projection of the 8 Lens, this hole was collared 30 meters to the northeast of SES21-036 along Section 000.  However, the massive sulfide body appears to be thinning with depth, and increased faulting surely complicates the sulfide mineralized zone in SES21-037.  Geological review is ongoing.  Sampling will commence upon completion of the review and compilation of the new information.  Results will be expected towards the end of June.

Geological and geochemical results from drilling along Section 000 suggest a downdip projection of about 150 meters of massive sulfides on this section, up to 20 meters thick, and lying within a wider package of lower grade stockwork/replacement sulfide mineralization.  Results from both a recent mise-a-la-masse geophysical study and a coincident grid geochemical survey covering the overall 8 Lens target area suggest further massive sulfide potential, both to the northwest and to the southeast.


Click Image To View Full Size

Figure 2. Section 000:  Simplified geological section, showing massive sulfides and stockwork zone in SES008, SES21-033, and SES21-036.   The Company just completed SES21-037, but has not yet fully reviewed in detail, nor sampled the hole at this time.  The work is in progress, and the Company expects results by the end of June.  Note that the mineralized zone from SES008 downdip to SES21-036 is bounded by faulting.

Section 070 S.

Previous drilling at SES20-031 and at SES028 suggests that massive sulfide mineralization could continue to the south from Section 000.  We collared SES21-038 on Section 070 S to target potential massive mineralization in a similar geological position to the intercepts in SES21-033 and 036.  Drilling in SES028, in 2018-19, intercepted a long interval of stockwork mineralization interpreted to lie geologically below potential massive sulfide mineralization.  Drilling in SES20-031, late last year, intersected weakly mineralized silica material interpreted to lie geologically above possible massive sulfide mineralization.

Section 050 N.

The Company drilled two holes on Section 050 N, located 50 meters north of Section 000.  Prior to drilling we suspected possible east-west faulting between the two sections, with unknown transposition between the north side and south side of the fault.

SES21-034 and SES21-035. These two holes targeted the northerly continuation of the 8 Lens in roughly the same geological position of the massive sulfide zone intersected in SES21-033.  However, geological complications caused by faulting and folding of the target units appear, for all practical appearances, to have transposed the massive sulfide targets somewhat to the east.  As both drill holes now appear to have been collared too far to the west, the results indicate that the Company drilled over the potential massive sulfide zone, just as SES21-032 did in Section 000.  SES21-034 crossed mineral horizon gray and black shales with elevated results in indicator metals arsenic and antimony, as well as lead.  SES21-035 crossed 12.2 meters of stockwork sulfides in mineral horizon black shales from 333.90 meters to 346.10 meters.  Geochemical results show anomalous gold, silver, copper, lead, and zinc levels, as well as elevated indicator metals antimony and arsenic, suggesting close proximity to a potential massive sulfide zone.

Metal

Average

High

Copper

0.08%

0.28%

Zinc

0.42%

1.51%

Lead

0.23%

1.03%

Gold

0.16 ppm

0.61 ppm

Silver

5.96 ppm

33.9 ppm

Table 3. SES21-035 stockwork intercept results are strongly anomalous and suggest potential for nearby massive sulfide mineralization.  The Company is planning to drill further on Section 050 N.  Given this anomalism and a good understanding of the geology, it is apparent that the next hole on this section should be collared to the northeast of SES21-035, to target northerly extension of the 8 Lens and potential copper-zinc mineralization.

In addition to continued work in the Sesmarias North area around the 8 Lens, the Company anticipates moving forward on exploration targets to the north of the 8 Lens in the Brejo area, as reported in the news release of February 24, 2021.  Access to potential drilling sites is permitted now, and we are looking to add a second drill rig to the program in the near future.  The Company is also re-mapping the Monte da Bela Vista target area and is in the midst of a 375-sample, grid soil collection program to analyze the material using ultra-trace level analytical techniques in a program to assist in target definition and drill collar location.

The continuing work program is fully funded by Minas de Aguas Teñidas, S.A. ("MATSA").  MATSA can initially earn a 51% interest in the Alvalade Experimental Exploitation License property by completing funding requirements set out in the joint venture agreement between the companies. MATSA may then increase their interest in the Project to 85% by preparing a bankable feasibility study.  Avrupa previously described the details of the agreement in news releases dated October 1, 2019 and November 20, 2019 .

Minas de Aguas Teñidas, S.A. (MATSA) is a private Spanish mining company, which owns and operates three mines in the province of Huelva (Andalusia, Spain):  Aguas Teñidas, Magdalena, and Sotiel.  MATSA also holds 1,312 km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal. Focused on innovation and the most advanced technology to develop modern and sustainable mines, MATSA is a 50:50 joint venture company of Mubadala Investment Company, a sovereign investor managing a global portfolio aimed at generating sustainable returns for its shareholder, the Government of Abu Dhabi, and Trafigura, one of the world's leading commodity trading houses.

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, now optioned to MATSA in an earn-in joint venture agreement.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal 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.

Information about the Lousal Mine comes directly from published academic documents prepared by the geological survey of Portugal (LNEG), theses from the University of Lisbon, private company documents authored by mine geologists employed at one time by the Lousal Mine, and copies of original mine records.  The information is considered accurate, but NOT compliant to present-day NI 43-101 regulations and standards.

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) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Hand holding a textured rock with a blurred, earthy background.

Cyprium Gains Full Control of Paterson Copper Project as IGO Withdraws

Cyprium Metals (ASX:CYM,OTC Pink:CYPMF) said Wednesday (April 23) that it will assume 100 percent ownership of the Paterson exploration project following IGO's (ASX:IGO,OTC Pink:IPDGF) withdrawal from the joint venture.

The joint venture dates back to June 2020, when IGO signed a deal with Metals X (ASX:MLX,OTC Pink:MLXEF).

Under the arrangement, IGO committed to solely fund AU$32 million worth of exploration activities over the course of 6.5 years to earn a 70 percent interest in the project. IGO has managed the asset since then, investing approximately AU$24 million across multiple drill campaigns and regional targeting programs.

Cyprium went on to acquire Metals X's Western Australian copper assets in March 2021. Now that IGO has decided to exit the agreement with no retained interest, Paterson will revert back to Cyprium effective April 30.

The property is located in Western Australia's prolific Northeastern Pilbara region, and according to the company is contiguous with its Nifty copper complex and Maroochydore copper project.

Keep reading...Show less
Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due to Tremendous Strong Demand from Institutions and Accredited Investors

Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due to Tremendous Strong Demand from Institutions and Accredited Investors

(TheNewswire)

Juggernaut Exploration Ltd.

DR. QUINTON HENNIGH TECHNICAL ADVISOR

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
A person's hand holds a piece of copper metal ore above a blurry copper-colored background.

What's the Next US Copper Mine? 27 Copper Projects to Watch

Companies with upcoming copper mines in the US could be poised to benefit from tailwinds in the sector, including supply deficits and the Trump administration's promises to cut "red tape" for critical minerals projects.

Copper demand is climbing quickly in recent years because of the rapid urbanization of the global south as well as the developing energy transition sectors. However, current copper mines are increasing in age and there is a lack of new copper mines to replace them, both due to limited greenfield exploration and long permitting times.

This has put the world's copper supply in a difficult situation, and experts expect to see deficits begin to emerge in 2025.

Keep reading...Show less
Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

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

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/23/c5360.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Solis Minerals

Additional High-Grade Copper Confirmed at Cinto, Peru

Latin American focused copper-gold explorer Solis Minerals Limited (ASX: SLM) (“Solis Minerals” or the “Company”) is pleased to announce an update on copper mineralisation identified in channel samples at the Cinto Project in Peru.

Keep reading...Show less

Latest Press Releases

Related News

×