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Enter Symbol
or Name
USA
CA



Avrupa Minerals Ltd
Symbol AVU
Shares Issued 93,793,797
Close 2018-07-03 C$ 0.105
Market Cap C$ 9,848,349
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Avrupa Minerals completes drilling at Alvito

2018-07-03 12:30 ET - News Release

Mr. Paul Kuhn reports

DRILLING AT ALVITO IOCG PROJECT CONTINUES WITH SUPPLEMENTAL PROGRAM

Avrupa Minerals Ltd. has provided an update on drilling at the Alvito iron oxide/copper/gold (IOCG) project in south Portugal. Project work is financed by Oz Minerals, which is spending $1-million (Australian) on exploration to earn in to 51 per cent of the 300-square-kilometre project. Avrupa is the operator of the program.

To date, Avrupa has completed the initial program of 15 drill holes, totalling 2,127 metres, in eight separate prospect areas within the Alvito licence. The technical committee (comprising Avrupa and Oz geologists) overseeing the progress of the project agreed to a supplemental program of three additional holes, totalling 300 metres, in the Entre Matinhas prospect area (see map in the news release of May 3, 2018). This drilling has just been completed, and the drill rig has demobilized from the project.

Earlier drill holes at Entre Matinhas intercepted zones of strong alteration, stockwork quartz-epidote-magnetite veining, breccias and copper-bearing sulphide mineralization. Samples from the first two drill holes in this area of the project have just been sent to the assay laboratory. Processing of the remainder of the core continues. Avrupa expects to have all processing completed and samples into the laboratory by the second half of July. Drilling at several of the other prospects at Alvito, including Entre as Matas, Mata and Monte do Outeiro, intercepted zones of alteration and mineralization.

Avrupa Minerals is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo and Germany.

The company currently holds eight exploration licences in three European countries, including five in Portugal covering 2,911 square kilometres, two in Kosovo covering 47 square kilometres and one in Germany covering 307 square kilometres. Avrupa now has six active option and joint ventures: five in Portugal and one in Kosovo.

This news release was prepared by company management, which takes full responsibility for its content. Paul W. Kuhn, president and chief executive officer 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 qualified person, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

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